Bosch Electrical Drives India Private Limited (RBDI)
Website:
bosch.in
Job details:
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
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