Company Description
“The Bosch Group is a leading global supplier of technology and services, in the areas of Automotive Technology, Industrial Technology, Consumer Goods, Energy and Building Technology.
In India, the Group operates through nine companies with a combined strength of over 32,000 associates which includes around 14,000 research and development associates.
Bosch Rexroth AG is one of the world's leading specialists in the field of drive and control technologies. Under the brand name of Rexroth the company supplies customers with tailored solutions for driving, controlling and moving - for industrial applications and factory automation, mobile applications and using renewable energies.
MIVIN Engg.Technologies P Ltd . is 100% subsidiary of Bosch Rexroth India Pvt. Ltd, having 180 associates with Sales Turnover of INR 160 Crores in 2023
We invite promising and dynamic professionals for a long-term and rewarding career with Bosch.”
Job Description
Role is Chief of Finance and Accounts (CFA)/ Chief Financial Officer (CFO) for legal entity MIVIN
Position reports to Managing Director of MIVIN.
The candidate needs to possess exceptional leadership skills, drive his/her team, collaborate locally in region India with cross functional sales and plant teams, and, as well, collaborate globally with business units and other Bosch units across the world.
Along with Managing Director of MIVIN, the candidate is a co-creator and co-driver of short-term (quarterly, annual), mid-term (typically up to three years) and long-term business goals of MIVIN.
Experience:
- Exposure to manufacturing companies working background.
- Multi-national companies (MNC) background will be preferred.
Competence Requirement: Need to possess below competencies of excellent to outstanding level:
- Entrepreneurial Competence: Result orientation & Future orientation
- Leadership Competence: Leading self & Leading others
- Interpersonal Competence: Cooperation & Communication
- Professional Competence: Depth of knowledge in commercial business processes & Breadth of experience beyond commercial functions
- Strategic Competence: Systems leadership & Customer success
- Business Competence: Business agility & Talent advocacy
IT skills:
- Knowledge of SAP or any other equivalent ERP software/packages.
- Excellent IT office skills eg. Power-Point Presentations, Spreadsheet, Word, etc.
- Knowledge of Power-BI will be an added advantage.
Domain / Commercial area skills:
- Automation mindset in all areas of commercial processes and drive for efficiencies.
- Working knowledge of Direct & Indirect Taxation & Commercial Laws.
- Continuous learner and be a pro-active coach and mentor. Be open for reverse mentoring too.
- Business turnaround skills.
- Drive for more cost competitiveness from plant for Local and Global markets.
- Promote local sourcing out of India for local as well as global business following QCD model (i.e. Best in class Quality at competitive Costs as per customer required Delivery dates)
- Control and drive for optimum fixed costs.
- Prudent in investment strategy.
- Continuously drive finance related KPIs benchmarking within the competition, comparable companies in the India region.
- Good working capital and cash flow management
Key Performance Indicators (KPIs): (Some may be collaborative in nature)
- Turnover
- Fixed costs
- Plant Maintenance costs
- Machine hour rates and Labour hour rates
- Personnel costs
- Accounts Receivables ie. DSO (Days Sales Outstanding) and Overdue Receivables % (of total receivables)
- Days Inventory outstanding (DIO)
- EBIT target of plant
- Net working capital (NWC) % of Sales ie. NWC is a combination of DSO, DIO and DPO (days payable outstanding)
KPIs at Plant level:
- Localisation of parts/products
- Customer requested on-time delivery targets
- Supplier delivery as per requested dates of plant
- Material cost reductions
- Business turnaround strategies for loss making products.
- Project-wise P&L control (plan vs actuals).
- Material overhead (MOH) targets
Focus topics at legal entity / MIVIN level:
- Governance: Legal and Tax compliance
- Debt management strategy
- Supervise Company Secretarial compliance topics of Board of Directors
- Focus on Digital excellence (local and global alignment)
- Identification of risks and defining measures to manage them via the Internal controls / internal audit teams.
- Compliance with all mandatory directives/guidelines of Bosch / Rexroth group
IT/Access management:
- Handling all end to end IT related activities
- Handling access management related topics
- Act as the Data Security Officer for the Company
- Handle personal data protection activities
Other Requirements:
- Team bonding skills
- Focus on talent management and retention of key talents.
- Competency / skill development of team members
- Proactively promote TEI.
- Positive leadership
- Receiving & Giving feedbacks. Adopting leadership style based on feedbacks.
- Agility to handle business uncertainties and be ready to make course corrections as quickly as possible for achieving the business goals.
Qualifications
Chartered Accountant with a minimum post qualification experience of 15 years. Additional qualification like CS or ICMA will be an added advantage.
Additional Information
Language Proficiency:
English, Kannada and Hindi
German (A1/A2 Level) will be an added advantage.
Organization: 6 direct reportees with a total team size of 11 associates.
Below Functions reports to this position:
1. Head – Controlling - (Controlling Plant & Sales region India, IFRS Audit),
2.Head – Finance, Internal Controls & Audits, Company Secretary & Legal (Banking, Fund management, Accounts receivables, IGAAPFS, Tax, TP Audits, Direct-Indirect Taxes returns, Tax Assessments, Bosch Rexroth Directives, Guidelines, Internal Controls, Audits, Export Control Officer, Company Secretary & Legal Topics)
3.Head – Information Security (IT Coordination, SAP, Info & Data Security, Assess management).
