Company Description
At Bosch, we shape the future by inventing high-quality technologies and services that spark enthusiasm and enrich people’s lives. Our promise to our associates is rock-solid: we grow together, we enjoy our work, and we inspire each other. Join in and feel the difference.
Job Description
Cost Control & Analysis:
- Develop, implement, and maintain effective cost control systems and procedures for all plant operations.
- Monitor and analyze actual costs against budgets and forecasts, identifying variances and investigating their root causes.
- Prepare detailed cost reports, highlighting key trends, performance metrics, and areas for improvement.
- Lead monthly/quarterly cost reviews with department managers to discuss performance and action plans.
- Drive continuous improvement in cost management by identifying and implementing cost-saving opportunities.
Budgeting & Forecasting:
- Lead the annual plant budgeting process, collaborating with departmental managers to establish realistic and achievable cost targets.
- Develop accurate and reliable cost forecasts based on production plans, material prices, and operational changes.
- Monitor capital expenditure (CAPEX) budgets and project costs, ensuring adherence to approved plans.
Product Costing & Pricing Support:
- Understanding accurate standard costs for all products, and respective allocation of direct and indirect costs.
- Analyze product profitability and provide cost data to support pricing decisions and new product development.
- Conduct "should cost" analysis and value engineering studies to identify cost reduction opportunities in product design and manufacturing.
Production Analysis:
- Work closely with production and supply chain teams to optimize inventory levels and reduce waste.
- Analyze production variances (e.g., efficiency, scrap, rework) and their impact on overall costs.
- Provide financial insights into production efficiency and bottleneck identification.
Reporting & Compliance:
- Prepare and present financial reports to plant management, corporate finance, and other stakeholders.
- Ensure compliance with corporate policies.
Leadership & Collaboration:
- Mentor and potentially supervise junior cost staff (if applicable).
- Collaborate effectively with cross-functional teams including Production, Engineering, Supply Chain, and Sales.
- Act as a financial business partner to plant operational leadership, providing proactive financial guidance and support.
System Improvement:
- Identify opportunities to improve costing systems, processes, and tools (e.g., reporting automation).
Qualifications
Education
- Bachelor’s degree in accounting, Finance, Business Administration, or a related field.
Experience
- 5-7 years of progressive experience in cost accounting or financial analysis within a manufacturing environment.
- Proven track record of driving cost reductions and process improvements.
Technical Skills
- Strong proficiency in SAP (S4 as preference) with hands-on experience in cost modules.
- Advanced Excel skills (pivot tables, VLOOKUPs, financial modeling).
- Experience with business intelligence (BI) tools (e.g., Power BI, Tableau) is a plus.
- Solid understanding of standard costing, activity-based costing, and variance analysis.
Soft Skills
- Excellent analytical, problem-solving, and critical thinking skills.
- Strong communication and interpersonal skills, with the ability to present complex financial information clearly and concisely to diverse audiences.
- Ability to work independently and collaboratively in a fast-paced manufacturing environment.
- Strong leadership capabilities and the ability to influence others.
- Detail-oriented with a high level of accuracy.
- Proactive and results driven.
Additional Information
- Leave Entitlement e.g: Annual Leave, Medical Leave and etc
- Company Insurances and etc