Financial Analyst - Factory Controller

About the Role

Hitachi Energy is seeking a Financial Analyst focused on factory controlling in Hyderabad, India. This role sits within a global organization that supports energy and industrial customers with a strong emphasis on digital solutions, sustainability, and collaboration. The position calls for a finance professional who can analyze manufacturing performance, strengthen reporting quality, and partner with controllers and business teams to improve financial outcomes.

Key Responsibilities

• Evaluate business results against approved budgets and forecasts, and explain key variances.
• Track orders received, related gross margin, and monthly reporting outputs.
• Reconcile order backlog and backlog gross margin figures.
• Work closely with local factory, business, and hub controllers to interpret performance drivers, identify trends, and suggest improvements.
• Investigate overhead under-absorption and over-absorption and determine root causes.
• Handle result analysis and revenue recognition activities, including understanding point-in-time and over-time recognition and RA key logic in S/4HANA.
• Use COPA tools such as KE24 and KE30 for product-level and customer-level profitability analysis.
• Review monthly income statement performance versus budget and forecast before month-end closing and support review meetings.
• Analyze balance sheet movements across periods, explain deviations, and advise controllers on corrective actions.
• Prepare monthly MIS and corporate reporting in line with the corporate calendar.
• Contribute to internal controls and SOX audit-related activities.
• Compare monthly and quarterly MIS data against benchmarks and provide comments and observations.
• Track capital expenditure budgets against actual spending on a monthly basis.
• Analyze inventory and net working capital movements over time and explain changes.
• Apply standard costing knowledge across make-to-order and make-to-stock scenarios.
• Perform cash flow analysis using direct and indirect methods and identify gaps between them.
• Support financial reporting, business planning, budgeting, and forecasting activities.
• Assist statutory and internal audits by preparing audit schedules and related documentation.
• Validate financial data and business reports through reconciliations and exception reviews.
• Take on urgent ad hoc assignments as business needs require.
• Improve productivity by building automated solutions, reducing duplicate effort, and aligning information requirements.
• Identify opportunities to standardize reports and processes across countries, divisions, and business units.
• Meet Controlling Capability Center KPIs and contribute to continuous service improvement.
• Follow all internal and external regulations, procedures, and guidelines.
• Work in line with Hitachi Energy values, with strong attention to safety and integrity.

Candidate Profile

• A bachelor’s degree in accounting, along with CMA, CA, or MBA qualification.
• Up to 6 years of experience in financial planning and analysis; manufacturing exposure is preferred.
• Prior experience in a controlling COE setup will be an advantage.
• Comfort working in an office-based environment with flexible day shifts.
• Strong analytical thinking and independent problem-solving ability.
• Good communication and presentation skills.
• Practical knowledge of SAP FI/CO, including CO-PA, and familiarity with SD, PP, MM, and PS modules, especially MTO, MTS, and ETO structures.
• Proficiency in MS Office tools such as Excel and PowerPoint.
• Self-driven attitude with a strong focus on quality and meeting tight deadlines.
• Excellent spoken and written English skills.

Additional Information

This position is based in Hyderabad, India. The role is office-based and requires willingness to work flexible day shifts. The employer is an equal opportunity organization and does not permit unlawful discrimination on any legally protected basis.

About the Company

Hitachi Energy is a global technology company with a long heritage and a presence in more than 92 countries. It serves utility, industry, and infrastructure customers across the value chain, including areas such as sustainable mobility, smart cities, energy storage, and data centres. The company focuses on enabling a stronger, smarter, and greener grid through digital and pioneering technologies, while promoting diversity, collaboration, safety, and integrity.