Job Description

About the Role
Location
India
Maharashtra
Pune
Company
Siemens Energy Industrial Turbomachinery India Private Limited
Organization
Transformation of Industry
Business Unit
Compression
Full / Part time
Full-time
Experience Level
Experienced Professional
A Snapshot of Your Day
We are seeking a skilled Procurement Analyst to join our team and play a vital role in cost planning and management for our projects. In this position, you will be responsible for estimating, monitoring, and optimizing project costs at the pre-bid budget stage, ensuring alignment with company objectives.
As an Analyst, you will collaborate across departments to collect essential data and leverage analytical tools to forecast and control costs, ensuring project success and profitability, and identify potential cost-saving opportunities. Your expertise will be crucial in preparing detailed cost reports, analysing variances, and recommending corrective actions when needed.
The ideal candidate will have a strong background in engineering, exceptional analytical skills, and keen attention to detail. You should be comfortable working with large datasets and financial models. Additionally, this role requires staying up to date with industry standards, best practices, and emerging trends in cost models.
If you are a proactive, detail-oriented professional with a passion for cost management and a commitment to excellence, we invite you to apply for this exciting opportunity!
How You'll Make an Impact

• Prepare detailed project cost estimates and budgets
• Prepare cost models to support project budgeting and financial planning.
• Monitor and control project expenditures
• Analyse cost variances and recommend corrective actions
• Develop and maintain cost tracking systems
• Prepare regular cost reports and forecasts
• Identify and implement cost-saving opportunities
• Ensure compliance with company policies and industry standards
• Manage RFQ process, ensuring timely vendor responses and competitive pricing
• Perform senior SME tasks, providing strategic insights in cost analysis and procurement
• Recommend cost optimization strategies to improve efficiency and align with best practices
• Preferred knowledge of mechanical components with Procurement background

What You Bring

• Proven minimum experience of 5+ yrs in cost controls estimation and procurement after a bachelor's degree or equivalent experience in engineering.
• Strong analytical and problem-solving skills
• Excellent communication and interpersonal skills
• Attention to detail and high level of accuracy
• Ability to work independently and as part of a team
• Knowledge of industry standards and best practices
• Experience with financial modelling and data analysis

About the Team
Candidates want to learn about the divisions they will be joining-the structure, how it works together, and the role it plays in driving Siemens Energy's mission forward.
Who is Siemens Energy?
At Siemens Energy, we are more than just an energy technology company. With ~100,000 dedicated employees in more than 90 countries, we develop the energy systems of the future, ensuring that the growing energy demand of the global community is met reliably and sustainably. The technologies created in our research departments and factories drive the energy transition and provide the base for one sixth of the world's electricity generation.
Our distributed team is committed to making sustainable, reliable, and affordable energy a reality by pushing the boundaries of what is possible. We uphold a 150-year legacy of innovation that encourages our search for people who will support our focus on decarbonization, new technologies, and energy transformation.
Find out how you can make a difference at Siemens Energy:
Our Commitment to Diversity
Lucky for us, we are not all the same. Through diversity, we generate power. We run on inclusion and our combined creative energy is fueled by over 130 nationalities. Siemens Energy celebrates character - no matter what ethnic background, gender, age, religion, identity, or disability. We energize society, all of society, and we do not discriminate based on our differences.
Rewards/Benefits

• All employees are automatically covered under the Medical Insurance. Company paid considerable Family floater cover covering employee, spouse and 2 dependent children up to 25 years of age.
• Siemens Energy provides an option to opt for Meal Card to all its employees which will be as per the terms and conditions prescribed in the company policy as a part of CTC, tax saving measure
• Flexi Pay empowers employees with the choice to customize the amount in some of the salary components within a defined range thereby optimizing the tax benefits. Accordingly, each employee is empowered to decide on the best Possible net income out of the same fixed individual base pay on a monthly basis.

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