Assistant Manager Controlling
Confirmed on the employer's own hiring board on Oct 12, 2026. First seen by Alion on Sep 19, 2026.
About SKF
SKF started its operations in India in 1923. Today, SKF provides industry leading automotive and industrial engineered solutions through its five technology-centric platforms: bearings and units, seals, mechatronics, lubrication solutions and services. Over the years the company has evolved from being a pioneer ball bearing manufacturing company to a knowledge-driven engineering company helping customers achieve sustainable and competitive business excellence.
SKF's solutions provide sustainable ways for companies across the automotive and industrial sectors to achieve breakthroughs in friction reduction, energy efficiency, and equipment longevity and reliability. With a strong commitment to research-based innovation, SKF India offers customized value-added solutions that integrate all its five technology platforms.
To know more, please visit: www.skf.com/in
SKF Purpose Statement
Together,were-imaginerotationforabettertomorrow.
By creating intelligent and clean solutions for people and the planet
JOB DESCRIPTION
Position Title: Assistant Manager - Controlling
Reports To: Deputy General Manager- Controlling Lubrication India
Role Type: Individual Contributor
Location: Bengaluru
Purpose of the role
A Finance Controlling role responsible for leading Controlling and Reporting activities to support financial planning, analysis, and decision-making for LLS India. This position serves as a bridge between finance and operations, ensuring that cost optimization initiatives are aligned with business objectives and drive operational efficiency.
Profile of the job holder/key requirements
- CA / CA- Inter / ICWA / CMA with 4 to 8 years of post-qualification experience.
- Hands-on experience in Financial Planning and Global reporting
- Strong working experience on MS Office and good understanding of SAP ERP - FICO,
Sound knowledge in Power BI
. - Good communication skills, verbal and written
- Strong collaboration with stakeholders across Cross Functional Teams
- Ability to independently handle / manage day-to-day tasks
Key Responsibilities
An individual contributor role to manage day-to-day Controlling and Reporting Responsibilities of all Manufacturing activities in line with India and Corporate (SKF Group) requirements.
Controlling Responsibilities
- Partner with Engineering, Industrial Engineering, Logistic and Operations teams to provide financial insights and recommendations.
- Operating profit analysis for Manufacturing unit which includes material cost variance analysis, plus Fixed and variable cost analysis.
- Primarily responsible for updating standard costs annually in the PC Tool; analyzing the deviations of standard costs, ensure proper evaluation, and timely reporting.
- Assess proposed capital investments by analyzing financial viability, ROI, payback period, and alignment with Business plan. Track expenditure against approved IRE.
- Monitor inventory to identify opportunities for optimization. Analyse slow-moving and obsolete inventories, discards / write-offs; monitor and analyse inventory count results.
- Provide clear insights into various cost drivers and continuously monitor to ensure overall cost is minimized.
- Strong expertise in SAP-ERP (FICO) Product Costing functionalities, including Cost Component Structure, Routing, Costing Variant configuration, Parallel Valuation, and Settlement Structure.
- Carry out cost-level analysis for the manufacturing unit to deliver a comprehensive overview of operations, including tracking actual cost developments at the operational level on a monthly, quarterly, and annual basis.
- Actual vs Forecast Analysis showing comparison on month/quarter vs Forecast
- Ensure compliance with SKF financial policies, internal controls and audit plan for the year
- Controlling Governance - Respond to queries from Group and other stakeholders and provide timely and accurate information
- Cost Project Validation & Controls - Streamline activities and work on improvement projects in line with required KPIs
Accounting And Reporting Responsibilities
- Costing Power BI Ownership - Support the LLS. Business teams including Factory, in all necessary activities and provide costing related data as required from time to time.
- Financial Reporting - Lead the month-end activities related to financial reviews, accruals and data submission to Finance Accounting teams.
- Data Analysis and Expense Validation - Responsible for driving data validation, timely processing of all Expenses /Purchase requisitions
- Cost Bucketing and Apportionment - Timely and accurate allocation of all costs; Share information to all stakeholders within Business units and factories
- Periodic Reporting - Update specified modules in SKF systems, both monthly and periodic modules as per the India and Group timelines
Key interfaces
- Sales & Application Team
- Purchase & Supply Chain Team
- Factory Operations Team
- Controlling India & Global and FOC, Taxation