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722 Siemens Jobs

Commercial Asset Manager

7-12 years

Bangalore / Bengaluru

1 vacancy

Commercial Asset Manager

Siemens

posted 18hr ago

Job Role Insights

Flexible timing

Job Description

Zone India and other assigned countries.

Serve as a trusted partner to Location Managers (LMs) and Real Estate (RE) management, ensuring the accuracy of financial records and reporting, including proper documentation in relevant systems such as SAP. This role ensures compliance with Siemens Financial Reporting Guidelines (Siemens-FRG) as well as local GAAP requirements. Additionally, oversee all related reporting and controlling activities.

As Commercial Asset Manager, you will be responsible for:

Planning, forecasting, reporting and analysis
Execute a consistent and efficient controlling approach for all locations in Zone India and any other assigned country.
Conduct planning, forecasting, reporting, and review of underlying RE (Real Estate) related activities, special effects, P&L, B/S, etc.
Monthly bookings of billing and analysis of costs booked and variances Interface with HQ for commercial topics.
Align with the AMU head regarding reporting and forecasting of special effects.
Support Location Managers (LMs) in identifying opportunities and risks from operational business.
Prepare and consolidate budgets, including top-down and bottom-up plans, and proceed with revolving midterm planning and periodic forecasts throughout the year.
Perform comparisons of actual vs. plan and pursue the effects of agreed measures.
Monitor CWIP (Capital Work in Progress) accounts and capitalisation of assets, ensuring that physical verification takes place at regular intervals.
Ensure proper execution of all tasks (in compliance with books and records) with relevant stakeholders, i.e., SFS (e.g., financing, insurance, guarantees, currency & commodity hedging), CF (e.g., AC, taxes, treasury, audit), GBS, RIC (including OR), Legal and Compliance, ECC, Customs, etc.
Reconcile GL accounts and perform periodic balance sheet review

Business/Commercial partner to Location Managers (LMs)
Provide commercial support to LMs for decision-making processes.
Offer commercial support for local day-to-day operations.
Provide financial support in the negotiation of external renting and internal customer lease contracts (in alignment with IFRS16 regulations)
Offer commercial expertise in the calculation of customer-specific business cases.
Support Location Managers (LMs) with all commercial and customer-related questions.
Commercial support for RE related topics and programs
Prepare and provide financial/commercial input for RE-business topics, e.g. vacancy provisions/impairments, I-applications
Ensure local implementation of any RE related programs and initiatives in area of responsibility

Follow and implement globally defined commercial standards and principles
Application of globally defined reporting and FC-tools
Ensure data quality @source for area of responsibility
Ensure thorough implementation of globally defined standards and principles

What you need to make real what matters.
You are minimum Bachelor of Commerce with more than 5 years of professional experience with exposure in commercial and accounting/controlling functions.
A professional course in management (cost accountancy / chartered accountancy / MBA in finance etc.) is optional
Strong analytical skill, worked extensively on SAP, Excel, power point etc.
You have great communication skills, love to work in teams and best at collaboration.

Employment Type: Full Time, Permanent

Read full job description

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What people at Siemens are saying

Asset Manager salary at Siemens

reported by 2 employees with 4-14 years exp.
₹17.1 L/yr - ₹21.9 L/yr
181% more than the average Asset Manager Salary in India
View more details

What Siemens employees are saying about work life

based on 4.7k employees
75%
68%
47%
94%
Flexible timing
Monday to Friday
No travel
Day Shift
View more insights

Siemens Benefits

Submitted by Company
Employee Engagement
Hybrid and Remote Work Options
Health & Wellness
Career Development
Submitted by Employees
Health Insurance
Job Training
Soft Skill Training
Cafeteria
Work From Home
Free Transport +6 more
View more benefits

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