Accounting Associate - Level I
Cummins Inc.
Job Summary:
Assists with account reconciliation, analysis, journal entry preparation and data entry. Assists with the month-end close process. Performs activities under direct supervision.
Key Responsibilities:
Assists with compiling, consolidating and conducting basic analysis of accounting and finance information. Assists with preparation of basic journal entries. Provides assistance with monthly and annual account reconciliations, under direct supervision. Assists with preparation of tables, charts, and other exhibits for reports. May perform basic accounting projects or participate as a team member in basic projects. Performs ad hoc reporting requests as needed.
Competencies:
Values differences - Recognizing the value that different perspectives and cultures bring to an organization.
Action oriented - Taking on new opportunities and tough challenges with a sense of urgency, high energy, and enthusiasm.
Communicates effectively - Developing and delivering multi-mode communications that convey a clear understanding of the unique needs of different audiences.
Customer focus - Building strong customer relationships and delivering customer-centric solutions.
Decision quality - Making good and timely decisions that keep the organization moving forward.
Nimble learning - Actively learning through experimentation when tackling new problems, using both successes and failures as learning fodder.
Financial Analysis - Interprets financial data by analyzing trends, variances, opportunities and risks to provide insight to stakeholders regarding financial impact to drive business improvement; evaluates financial results against targets to communicate conclusions to all stakeholders; ensures integrity of financial data by investigating variances and determining corrective actions to resolve identified issues.
Financial Internal Controls - Leverages internal control framework by assessing internal controls and developing remediation plans to mitigate financial reporting risks and respond to changing business needs.
Financial Regulations Acumen - Evaluates applicable regulations for the financial area of focus, such as tax, banking, pension, local accounting to ensure underlying transactions are recorded in compliance with applicable regulations; explains key requirements and purpose of regulations and implications to the business to inform and educate relevant stakeholders.
Education, Licenses, Certifications:
Degree in Accounting, Finance or related field preferred.
Experience:
2-4 years of relevant experienceThe position will be required to handle the Cash flow management - investment & redemption processing, Banking relationship, Month close activity, FEMA compliances – GR waiver & Aged AR extension.
- Cash Flow Management – Daily monitoring of cash flow. Investing the surplus funds in MF, Redeeming in case of deficit
- Extension request for unrealised aged export transactions for all entities – coordinating with CS, BU & bank teams to ensure timely submissions on monthly basis.
- Closing activities – accounting entries related to investment including preparation of investment register, FD & bonds documentation and interest & TDS working thereon, Preparation of schedule and uploading the same on portal on monthly basis.
- Coordination with CTB, TAX team & auditors during stat, quarterly & tax audits
- Banking operations – documentation, KYC process, onboarding users for online setup with different banks.
- GR waiver, issuance, closure & MIS Reporting – timely publishing of MIS and reports as per timeline
- Generating Purchase Order – issuing PO to vendors, as required
- LC/BG issuance – coordination with bank for establishing BG/LC as per request
- Stakeholder Management – working closely with internal and external stakeholder
Job Finance
Organization Cummins Inc.
Role Category On-site with Flexibility
Job Type Office
ReqID 2428116
Relocation Package Yes
100% On-Site No
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