Hydraforce - Saratoga, CA
posted 4 months ago
The Controller & Receivable Manager at Bosch Ltd. plays a crucial role in overseeing the financial health of the organization by managing receivables and ensuring compliance with various financial regulations. This position involves monitoring receivables to ensure they are adequately managed, which is essential for maintaining the company's cash flow and financial stability. The role requires a thorough understanding of credit limits, necessitating periodic reviews and financial evaluations of customers to mitigate risks associated with credit sales. In addition to receivable management, the Controller & Receivable Manager will handle Mercantile Trade Transactions (MTT) and engage in business planning and forecasting to align financial strategies with the company's goals. The position also involves tracking profitability and cost centers, which is vital for assessing the financial performance of different segments within the organization. The role includes liaising with banks for tasks related to Letters of Credit and Bank Guarantees, ensuring that the company has the necessary financial instruments to support its operations. The responsibilities extend to channel financing, where the manager will negotiate agreements with customers and set annual targets to drive sales performance. Monthly sales analysis and bank reconciliation are critical tasks that will provide insights into the company's financial standing. The manager will also be responsible for project profitability calculations, GST reporting, and month-end and year-end activities within relevant SAP systems. Moreover, the position requires monthly management reporting activities, ensuring that the leadership team is informed about the financial status of the company. The Controller & Receivable Manager will handle compliance with statutory audits, cost audits, and internal audits, which are essential for maintaining the integrity of the company's financial practices. Analytical support, forecasting, and reporting will be provided to assist in decision-making processes. The role also involves vendor payment analysis and coordination of monitoring procedures to ensure the effectiveness of detective controls. Additionally, the manager will support transfer pricing adjustments and measures aimed at achieving target EBIT, maintain a risk register for the business, and oversee annual stock-taking activities. Preparing various reports as per management requirements for accounts receivable, sales, and collections is also a key responsibility. Finally, the manager will represent Bosch in legal cases, ensuring that the company's interests are protected in financial disputes.