Financial Analyst (Project Cost Accounting)

About the Role

Emerson is seeking a Project Analyst for its Financial Services Group in Pune.

Key Responsibilities

• Manage the monthly reporting process, ensuring timely and accurate financial information for internal and external stakeholders.
• Oversee monthly, quarterly, and annual financial closes, meeting all reporting deadlines.
• Prepare daily/monthly flash reports for Orders and Sales at SYSS/Site level.
• Determine correct revenue recognition methods for Projects Revenue & COS Recognition in the Oracle system for Projects Control Account (WIP/UBR/UER).
• Perform reconciliations between PA (sub ledger) and General Ledger.
• Conduct month-end checks (EAC movements, Loss Accruals, Cost Corrections).
• Manage pre-close accruals, re-class of timesheets, and timesheet analysis.
• Perform project maintenance responsibilities in Oracle, including:
• Timely closure of projects, including cost and revenue reconciliations and clearance of differences based on internal approvals.
• Clearance of cost interface errors.
• PA module closure.
• Ensure foreign currency exposures are reviewed and validated monthly.
• Generate project financial reports, including:
• Inception To Date (ITD) Invoice reports by project.
• Run Project Status Inquiry (Noetix & Oracle) and compile reports for period close.
• Other invoice and expenditure inquiry reports as specified.
• Regularly review accuracy and completeness of project costs and revenues.
• Perform backlog reconciliation & correct reporting of FX Backlog.
• Analyze WIP and UBR Aging.
• Perform monthly variance analysis (GP Tracking including Non-Project Orders).
• Participate in the monthly forecasting (POR) process, ensuring correct Backlog phasing.
• Support segment reporting – Product Group & KOB.
• Prepare post month-end reports for Site & BU management.
• Liaise with Business Unit Financial Analysts during month-end close, providing financial details/explanations for variances.
• Support Annual Budgets, mid-year reviews, and Ops Reviews.
• Support WIP Count & Inventory Analysis.
• Support Annual Audit.
• Participate in Project Reviews (Monthly and Quarterly).

Requirements & Tech Stack

• Finance Professional with up to 3 years of work experience in FP&A Domain.
• Hands-on experience in ERP, MS Office, and reporting tools.
• Self-starter.
• Ability to balance stakeholders, demonstrate situational adaptability, and manage complexities & ambiguity.
• Ability to think creatively, self-driven, and self-motivated.
• High standards of accuracy and highly organized.
• Team Player.
• Oracle
• Oracle SmartView
• Good Excel knowledge & presentation tools.

Qualifications

• Qualified Chartered Accountant or CMA with up to 3 years of post-qualification experience in the finance domain.
• Basic understanding of Accounting Principles and US GAAP.
• Excellent written and verbal communication skills.