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

Job Description

Key activities

Compilation of RPT: Closely interact with GS/OBR-IN team to ensure monthly compilation, including completeness of RPT

Monitoring & Controlling of RPT: Closely interact with GB controllers to regularly monitor, including controlling of RPT within Board approved limits

Audit of RPT: Ensuring half yearly & yearly audit RPT through an independent Chartered Accountant

Approvals & Reporting of RPT: Obtaining yearly approvals of RPT from the Audit committee of the Board including Quarterly reporting of RPT and seeking revision of RPT based on business requirements

Compliance with RPT provisions and guidelines: Ensuring compliance of RPT under Companies Act, 2013 & SEBI (LODR) regulations, 2015; Providing adequate justification as per RPT disclosure requirements under SEBI (LODR) Regulations to the Audit Committee of the Board for seeking prior approval of RPT on yearly basis.

Key Result Areas / Indicators

1. Timely reporting of RPT on quarterly basis to the Board within agreed timelines

2. Availability of necessary prior approvals for Related Party Transactions

3. Half yearly and Annual audited report of RPT within agreed timelines for placing before Board

Qualifications

Position Requirements

Education:

• Required: Chartered Accountant (CA)/ Cost Accountant (CMA)

• Preferred: Additional qualification as a Company Secretary would be advantageous

Experience:

• Required: Minimum 12 to 15 years of experience in commercial functions, post qualification

• Preferred: Experience as a controller in a manufacturing plant, business area or division is advantageous

Skill / Competencies Requirements

Knowledge:

• Provisions of Companies Act, 2013 relating to Related Party Transactions

• SEBI (LODR) Regulations, 2015 with respect to Related Party Transactions for listed entities

• SEBI Industry standards with respect to disclosures for Related Party Transactions

• Reporting of RPT with respect to annual financial statements under IND AS 24

Functional Skills:

• Financial accounting and reporting

• Budgeting and forecasting

Co-ordination with various stakeholders including RB, Germany on inputs needed as per RPT disclosure requirements