IN_Bosch Rexroth India_ Assistant Manager / Deputy Manager – Finance Controlling
Bosch · Posted Oct 30
Mobility, industrial technology, consumer goods, and energy and building technology services
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About the role
The role sits within the controlling function of Bosch Rexroth India, supporting the India business and the manufacturing plant with cost control, internal financial governance, accurate reporting, and business finance partnering. It reports to the Head of Controlling and works closely with accounting, operations, and business units. The position covers budgeting and forecasting, cost and variance analysis, capital budgeting and financial viability analysis, management reporting, process and system improvement, and risk management.
What you will do
- Prepare for annual budgeting process, collaborating with business units to translate strategic goals into financial plans.
- Maintain rolling forecasts (monthly/quarterly) to reflect changing business conditions.
- Analyze variances (actuals vs budget/forecast), identify root causes, and recommend corrective actions.
- Monitor and control cost-centers and profit-centers; manage cost allocation and cost-control measures.
- Conduct detailed variance analysis for revenue, operating expenses, and other financial metrics.
- Implement and enforce budget control policies for financial discipline across the organization
- Review, analyze, and validate CapEx proposals submitted by business units.
- Develop and maintain financial models to evaluate investment returns, payback periods, NPV, IRR, and risk factors.
- Assess technical, operational, and economic feasibility of proposed investments.
- Compare alternative investment scenarios and sensitivity analyses.
- Oversee monthly/quarterly management accounts, including P&L, balance sheet reconciliations, cash flow schedules, and cost reporting.
- Strengthen internal control frameworks and ensure compliance with accounting policies and corporate governance standards.
- Work with the accounting team on month-end and quarter-end close processes
- Partner with business functions (Sales, Operations, Manufacturing, etc.) to provide financial insights and controlling support.
- Support business initiatives (cost optimization, capital investment, process improvement) with financial analysis.
- Advise functional heads to manage cost structure, profitability levers, and resource utilization efficiently
- Identify and drive enhancements in controlling processes (budgeting, reporting, variance control).
- Assist in implementation/upgrades of ERP / BI / controlling tools to improve efficiency and reporting accuracy.
- Promote standardization, automation, and data governance across controlling and finance teams
- Foster a culture of financial discipline, continuous improvement, and cross-functional partnership
- Identify financial risks (cost overruns, margin pressures, inefficient cost centers) and propose mitigation strategies.
- Ensure compliance with financial policies, internal controls, and regulatory standards.
- Support internal and external audit processes and ensure robust documentation and financial governance.
Skills used in this role
What the employer is looking for
- Education: Professional qualification Qaulifide CA / CMA s strongly preferred
- Experience: 8–13 years in controlling / management accounting / corporate finance / cost control roles in Indian or multinational companies.
- Accounting & Controlling Expertise: Deep understanding of P&L, balance sheet, cash flow, cost accounting, Product costing and internal control frameworks.
- Technical / Systems Skills:
- Proficiency in MS - Excel (pivot tables, VLOOKUP, basic financial models), MS – Power point
- Experience with ERP systems (e.g., SAP CO-PA) and controlling tools / budgeting tools
- Proficiency with BI / visualization tools (Power BI, Tableau) is a plus.
- Analytical & Strategic Thinking: Strong problem-solving skills, ability to turn financial data into business insights
- Communication & Stakeholder Management: Ability to present financial analysis to business leaders, influence decision-making, and communicate with clarity.
- Integrity & Governance Mindset: High ethical standards, discipline in financial governance, and control.
Benefits and support
- Compensation and benefits are detailed in the job posting
About Bosch
The Bosch Group is a leading global supplier of technology and services, operating across mobility, industrial technology, consumer goods, and energy and building technology sectors. Driven by its purpose to create technology that is "Invented for life," the company leverages its expertise in hardware, software, and IoT to shape global trends such as automation, electrification, and artificial intelligence.
- Industry
- Automotive
- Company size
- 406225 employees
- Founded
- 1886
- Location
- Stuttgart, Germany
- Funding stage
- Private Company
Leadership
Chairman of the Board of Management
Deputy Chairman and Chief Financial Officer
Markus Heyn
Deputy Chairman and Chairman of Mobility
Frank Meyer
Member of the Board of Management
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