Power Solutions (PS) has the ambition to shape the path toward a carbon-neutral society as the number one partner and supplier of power solutions.
Under the strategic direction of Power Solutions leadership, the Financial Analyst role within the Rotational Development Program will work with the Regional Business Unit (RBU) Controller to help ensure regional cost and profitability targets are met for the North American region.
In addition to the Financial Analyst role, the RDP professional will gain operational experience in plant controlling within one of our PS manufacturing locations and strengthen their commercial knowledge with a cross-functional rotation within the 24-month program.
Job Responsibilities:
Overall, you’ll be immersed in the world of finance, controlling and commercial topics within Bosch, learning about budgets, financial statements, other KPI’s and all the tools we use to steer our business.
Financial Analyst Role (RBU Controller):
- Work closely with colleagues across departments, building relationships, and contributing to a positive and collaborative work environment.
- Provide the business units strategic financial direction. In this role, you’ll be helping us analyze financial data, identify trends, and uncover insights that can help us make better decisions.
- Month-end closing analysis and reporting, forecasting and budgeting process lead for the business unit.
- Analyze and forecast R&D costs for the RBU as well as present monthly & quarterly results to the local management as well as BU management in Germany.
- Work with our North American plants on understanding monthly results, forecasting and supporting the achievement of our business plan measures.
Plant Controlling / Cross-Functional Rotation:
- Identify cost-saving opportunities in collaboration with Engineering, Purchasing, and Operations as well as support design-to-cost and value engineering initiatives.
- Provide cost estimates for new products, design changes, and production scenarios, where you’ll partner with project teams during product development to ensure cost targets are met.
- Benchmark products and components to ensure competitiveness and collaborate with global controlling teams to harmonize calculations and methodologies.
- Support monthly, quarterly, and annual financial closing processes related to product costs. Analyze cost deviations versus budget/forecast and drive corrective actions.
- Develop and maintain detailed product cost calculations, including BOM (Bill of Materials), labor, overhead, and tooling.
- Preparation of cost-related reports, dashboards, and KPIs for management to increase cost transparency as well as providing recommendations to support strategic decision-making.
- Cross-functional rotation either in logistics or another related discipline will allow the associate to increase their breadth of commercial knowledge working in a value stream, while leveraging their relevant experience in finance and controlling.