As a Local Business Unit (LBU) Controller, you will be part of the Electrification Products (EP) Division and Medium Voltage (MV) Business Unit (BU) based in Modderfontein. ABB is the world leader in offering the Electrification Products and Systems that provide Building Products, Electrification Solutions, Installation Products, Protection and connection and Medium Voltage Products.
Tasks:
As a LBU Controller you will be responsible to act as business partner for the LBU Manager and for all the functions in the organization. The LBU with has a yearly turnover in the range of 60MUSD (Million US Dollar) and is a complex organization from production to sales.
Your Tasks as a LBU Controller will include the following:
- Overseeing all LBU reporting, business planning, budgeting and forecasting in accordance with ABB group’s standards and required ABACUS closing schedules.
- Experience in manufacturing process and its follow up in ERP system
- Supporting LBU Manager, Local Product Group (LPG) Managers, product marketing, operations and product management in the decision making process, evaluating financial implications of various business decisions and recommending actions
- Elaborate accurate and reliable monthly financial estimates
- Reviewing orders and contract specifics, advising on financial and commercial aspects of proposals, contractual terms and conditions, risk reviews, contract structuring, tax issues, cash flow analysis, reviewing and approving full cost model and price lists.
- Focus on cost controlling, standard cost and deviation analysis.
- Set up right standard ERP system routines and procedures.
- Lead regular monthly project reviews process on LBU level (for large and / or high risk profile projects) in order to identify early enough possible risks and consequently initiate and monitor corrective actions.
- Performing analysis on price trend, product costing, mix impact.
- Work under the coordination and the guidelines of the Global BU Controller and ensure proper communication on business issues and opportunities
- Managing and closely monitoring the cash flow and taking action to improve Net Working Capital (NWC) Management, driving for appropriate cost structure, productivity optimization, and capital efficiency
- Ensuring transparency in financial reporting and disclosures, supporting internal and external audits
- Proposing continuous improvement in the financial control process in alignment with global standards and local policies
- Active participation in cost out program
- NWC capital and inventory turns improvement: regular follow up of actions implemented on LPG level – monthly follow up of inventory development and inventory turns. Key focus on IBP across value chain; help to optimize communication / planning between factories and Front-end units to reach NWC and ITO targets on LBU level as per Budget 2016.
- Strong focus on cash collection and being part of sales negotiations ( helping to set up right Terms Conditions) during bidding phase
- Identify and develop talents in controlling and finance in your LBU so that we do have clear overview who is who and what development plan or action needs to be prepared together with GPG (Global Product Group) and GBU (Global Business Unit).
- Encourage communication not just between GBU and LBU but also between GPG and LPG on controlling level.
Requirements:
Ideally you will be in possession of Honors or Master’s degree in Finance or Accounting coupled with a minimum of 10 Years solid working experience in business controlling. Your ability to speak up and support the LBU Manager as a Business partner complemented with your experience in working with teams and good problem solving abilities will make you the ideal candidate. Your knowledge and skills in SAP and the Microsoft Office package will also ideally fit the skills needed for this role.
Additional information:
If you require any further information please write to enquiry.recruitment@za.abb.com
Location: Modderfontein,Gauteng,South Africa
Contract type: Regular/Permanent
Business Unit: BU Medium Voltage Products
Date posted: 2016-09-02
Job function: Finance
Publication ID: ZA59009898_E1
ABB ( www.abb.com ) is a leading global technology company in power and automation that enables utility, industry, and transport infrastructure customers to improve their performance while lowering environmental impact. The ABB Group of companies operates in roughly 100 countries and employs about 135,000 people.