Job Description

Company Description

In India, Bosch is a leading supplier of technology and services in the areas of Mobility Solutions, Industrial Technology, Consumer Goods, and Energy and Building Technology. Additionally, Bosch has in India the largest development center outside Germany, for end-to-end engineering and technology solutions. The Bosch Group operates in India through twelve companies: Bosch Limited - the flagship company of the Bosch Group in India - Bosch Chassis Systems India Private Limited, Bosch Rexroth (India) Private Limited, Bosch Global Software Technologies, Bosch Automotive Electronics India Private Limited, Bosch Electrical Drives India Private Limited, BSH Home Appliances Private Limited, ETAS Automotive India Private Limited, Robert Bosch Automotive Steering Private Limited, Automobility Services and Solutions Private Limited, Newtech Filter India Private Limited and Mivin Engg.Technologies Private Limited. In India, Bosch set-up its manufacturing operation in 1951, which has grown over the years to include 16 manufacturing sites, and seven development and application centers. The Bosch Group in India employs over 30,500 associates and generated consolidated sales of about Rs. 26,827 crores (3.1 billion euros) in fiscal year 2021-22 of which Rs. 24,406 crores (2.8 billion euros) are from consolidated sales to third parties. Bosch Limited is the flagship company of the Bosch Group. It earned revenue of over Rs. 11,782 crores (1.39 billion euros) in fiscal year 2021-22.

Additional information can be accessed at www.bosch.in


We at Bidadi have adopted the IATF 16949. Based on the input from our excellence journey we have designed processes management system. Process management is the unrelenting focus to create and to deliver value to the customer.


To become a Global Manufacturing hub and be an indispensable player in the International Production Network, the Leadership at Bidadi Plant focuses on Lean & Flat Organization which will constantly strive for Supply Chain Excellence. At Bidadi, the focus is


on Agile organization Model with transparent collaborative approach



The purpose of this position is to compile, consolidate & finalize the Fit For Future, Business Plan, Current Forecast, Monthly Results at Plant Level considering cost targets & business dynamics and to coordinate with Government & other Agencies for realization of applicable Incentives.


The role would also be responsible to liaise & provide Plant Results, Key Cost KPIs to Corporate, Directors Office & external agencies and coordinate with Internal, Statutory Audit team for audit closures.

Cost Management :

• Translate plant management initiatives into financial terms, comprehend on pros & cons, evaluate & interpret key financials at plant level (business drivers, KPIs, Key Metrics) and provide meaningful insights to Management.
• Co-ordinate & steer with Value Stream, Support functions & CFT (Sales, Development, Purchase & Corporate) to achieve Product & Plant Cost Performance in line with Targets, steer for early realization of cost measures through reviews & escalations at right time.

Steering Business Targets:

• Co-ordinate & link information across functions to drive Results based on Business Planning; Forecasting; FAR processes - Plant wise. Organize monthly Performance


Meeting with RCs & PMs to brief on Key KPIs, focus areas & Cost Measures status.• Preparation for alignment with Regional Board (rGB) on all the Key Cost KPIs during LtPC, LtPM, TBP & Fit-for-Future, as per BU / rGB Targets incl. Robustness Check.
• Coordinate with all Stakeholders (GS, LOF, LOG, Banks, TAXI) for processing & realization of Export Benefits.

Deviation Management :

• Track monthly performance; analyse reasons for deviations - actuals Vs plan, establish cause & effect' relationships, provide early warning signals to concerned stakeholders & steer the plant financial results by actively partnering with CFT, VSO & Plant Management.

Business Case Evaluation :

• Evaluating different business models based on product requirements- labour mix, space, infrastructural costs, state govt. incentives available & working out new business


propositions to remain cost competitive . Compliance, Governance & Others :

• Monitor and implement various Govt. incentive schemes available, (PLI benefits) - analyse, explore & implement for realization by maintaining effective data base including timely


filing of returns for improving free cash inflows. Digital Transformation :

• Focus on continuous improvement process and implementation of digital & automation tools, thereby reducing manual efforts & data redundancy.

Accounting & Audit :

• Close coordination with Global Services (GS) team for periodic review of P&L/Balance Sheet/Intermediary accounts, VFX transactions to avoid cost impacts; liaise with Corporate


Depts. in getting right cost allocations for the Plant/Product in line with services.• Coordinate & Liaise with External & Internal Auditors on clearance of accounts concerning Inventory, Accruals, RPT, etc.

People Management :

• Oversee & implement the controlling, accounting and digital fluency competency requirements based on the current and future trends and direct employee capacity development.

MIS & Key Financials :

• Prepare the Plant Performance Key Financials for review during visit of rGB, GLs, other Key Executives to BidP
• Workout Long Term Settlement financial evaluations - viz., Affordability, Settlement Recovery, Payback calculations as required based on the vital few offers by Management.
• Liaise with Corporate functions & provide requisite inputs as & when called for on Local GAAP & IFRS inputs to enable External & Internal Reporting.

Strategic Topics :

• Liaize & participate in the Plant Strategic Pillars to steer projects enabling accomplishment of Plant Vision / Mission.
• Workout multiple business models / scenarios - viz., Wholly-Owned-Subsidiary (WOS), etc. with scenarios to evaluate the feasibility (Ex : RBIM).
• Coordinate & liaize with Corporate - Finance, Legal & Secretarial functions on RBIM business transactions incl. filing of returns, accounts closure, requisite inputs for Board


Meeting, etc. Competencies expected :

• Competent knowledge of Business Processes (Manufacturing/Automobile), Accounting & Cost Accounting Standards
• Competent knowledge on Standard Costing, Variance Analysis, Costing Techniques & Budgetary Controls.
• Basic knowledge on Indirect Taxation; Transfer Price guidelines
• Advanced knowledge on latest IT tools - SAP FI & CO, MS Office, latest Automation tools &


Digitization platforms

• Competent knowledge on Incentive schemes availability for the industry (State & National) - Plant specific

Functional Skills :

• Competent business acumen skills
• Competent conflicts resolution, team building & collaboration skills
• Competent future & customer orientation skills
• Competent corporate communication skills based on business contexts

Qualifications • Bachelors degree in commerce, cost & management accountant from The Institute of Cost


Accountants of India (or) Chartered Accountant from the Institute of Chartered Accountants of India

• MBA from top 5 institutes (desirable)


with

• 8 - 10 years in Cost Management, Finance & Accounting
• Competent experience in Plant Financial Analysis
• Must have experience in a matrix organization