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.