Assistant Business Finance Manager

ZEISS in India ZEISS in India is headquartered in Bengaluru and present in the fields of Industrial Quality Solutions, Research Microscopy Solutions, Medical Technology, Vision Care and Sports & Cine Optics. ZEISS India has 3 production facilities, R&D center, Global IT services and about 40 Sales & Service offices in almost all Tier I and Tier II cities in India. With 2200+ employees and continued investments over 25 years in India, ZEISS’ success story in India is continuing at a rapid pace. Further information at ZEISS India . The Assistant Business Finance Manager will support the Controlling and Business Finance function for the Medical Technology business. The role will be responsible for monthly performance reporting, forecasting, cost-centre governance, financial analysis and preparation of actionable insights for business stakeholders. The position requires someone who can work with large datasets, understand the story behind the numbers, identify inconsistencies and independently drive assigned activities to closure. Key Responsibilities Financial Reporting and Analysis • Prepare and review monthly and year-to-date P&L reports for the Medical Technology business. • Analyse actual performance against Budget, Forecast and Prior Year. • Identify material revenue, gross-margin and operating-expense variances and explain the underlying business drivers. • Prepare monthly management dashboards and presentation decks for leadership reviews. • Conduct segment, product, region and cost-centre-level deep dives. • Track key performance indicators and highlight risks, opportunities and emerging trends. Forecasting and Business Planning • Support preparation of periodic forecasts, landing estimates and annual budgets. • Coordinate with business stakeholders to collect, validate and challenge forecast assumptions. ZEISS classification: Restricted • Maintain dynamic financial models that allow changes in volume, pricing, margins and expenditure assumptions. • Track actual performance against forecasts and improve forecast accuracy through regular variance reviews. Cost and Cost-Centre Controlling • Maintain the cost-centre framework across regions and functions. • Coordinate the creation, modification and deletion of cost centres. • Map discontinued cost centres to appropriate replacement cost centres. • Review expenses booked to cost centres and identify incorrect classifications or allocations. • Support month-end accruals, provisions, reallocations and other controlling entries. • Monitor departmental expenditure and follow up on material deviations from approved budgets. Fixed Assets and Master Data • Support the mapping of fixed assets and relevant business activities to the correct cost centres. • Reconcile fixed-asset records with finance reports and underlying business information. • Coordinate with relevant teams to resolve incomplete or inconsistent asset records. • Assist with asset verification, transfers, capitalisation and retirement-related analysis. Month-End Closing • Support timely and accurate completion of month-end reporting activities. • Validate data received from accounting and other functions before inclusion in management reports. • Maintain trackers for open items and ensure closure within agreed timelines. • Perform reasonableness checks and reconcile management reporting with underlying financial records. Business Partnering • Work closely with Sales, Service, Marketing, Supply Chain and other functions to understand financial performance. • Translate financial results into clear and commercially relevant observations. ZEISS classification: Restricted • Provide data and analysis required for management decisions. • Follow up independently with stakeholders and drive assigned actions to closure. Process Improvement • Improve the accuracy, consistency and turnaround time of recurring reports. • Standardise reporting templates, mappings and supporting documentation. • Automate repetitive activities using advanced Excel, Power Query, Power BI or similar tools. • Maintain clear process documentation and ensure continuity of recurring activities. Education • Bachelor’s degree in Commerce, Finance, Accounting, Economics or a related field. • Master's degree in Commerce, Finance, Accounting, Economics or a related field, CA Inter, CMA Inter or an equivalent qualification would be preferred. Experience • Approximately 4–7 years of relevant experience in management reporting, financial analysis, data manipulation and management. • Experience in a multinational, medical-technology, manufacturing or commercial organisation would be an advantage. Technical Skills • Strong working knowledge of financial statements, particularly P&L and balancesheet relationships. • Advanced proficiency in Microsoft Excel, including lookups, pivot tables, logical formulas and financial modelling. • Experience with Power Query, Power BI or other data-visualisation tools would be preferred. • Working knowledge of SAP, particularly cost centres, profit centres and fixed assets, would be an advantage. • Ability to prepare clear and management-ready PowerPoint presentations. Behavioural Expectations • Strong analytical ability and attention to detail. • Ability to question numbers and investigate inconsistencies. Your ZEISS Recruiting Team: Saptarshi Chowdhury