Finance Associate - Level II
4 days left
- Employer
- Cummins Inc.
- Location
- Phaltan
- Posted
- Jan 10, 2025
- Closes
- Jan 28, 2025
- Ref
- 5004291260
- Role
- Finance Associate
- Level
- Associate
- Certification
- Other
- Work Mode
- Hybrid
- Hours
- Full Time
DESCRIPTION
Key Responsibilities:
Managerial Responsibilities (30%):
- Monthly Closing Activities & Variance Analysis: Perform monthly closing activities and variance analysis to ensure accurate financial reporting.
- Inventory Management - Inventory Valuation, Inventory Aging , Excess & obsolete Inventory, Inventory Reporting
- Product Cost Analysis & Reporting: Conduct product cost analysis and prepare related reports.
- Manufacturing Cost Analysis: Analyze manufacturing costs to identify areas for improvement.
- Audit Support: Assist in audit-related activities to ensure compliance and accuracy.
- Expense Management: Analyze managed expenses to drive planned improvements, achieve stretch targets, and validate cost savings projects related to manufacturing expenses.
- Financial Processes: Support daily financial processes, including purchase requisitions, invoice reconciliation, supplier payments, requests for checks, and addressing questions concerning monthly budget data.
- Special Projects: Participate in special projects as assigned and perform ad hoc reporting requests as needed.
General Professional Practice (GPP) Responsibilities (70%):
- Reporting:
- Prepare basic reporting for management, including reviews for areas of emphasis and follow-up.
- Analyze basic financial data to support departmental budgets and forecasts.
- Explain expense variances and heighten spending awareness within the organization.
- Load actual and forecast data into the financial system.
- Financial Processes:
- Support other daily financial processes required for purchase requisitions, invoice reconciliation, supplier payments, requests for checks, and questions concerning monthly budget data.
- Participate in special projects as assigned and perform ad hoc reporting requests as needed.
RESPONSIBILITIES
Competencies:
- 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.
- Instills Trust: Gaining the confidence and trust of others through honesty, integrity, and authenticity.
- Nimble Learning: Actively learning through experimentation when tackling new problems, using both successes and failures as learning fodder.
- Values Differences: Recognizing the value that different perspectives and cultures bring to an organization.
- Financial Analysis: Interpreting financial data by analyzing trends, variances, opportunities, and risks to provide insight to stakeholders regarding financial impact to drive business improvement; evaluating financial results against targets to communicate conclusions to all stakeholders; ensuring integrity of financial data by investigating variances and determining corrective actions to resolve identified issues.
- Financial Reporting: Analyzing financial data by evaluating results and solutions to support business decisions; preparing and presenting financial information by summarizing data to communicate results in compliance with regulations and stakeholder expectations; partnering with stakeholders to drive financial performance that aligns with organizational goals and strategies.
Qualifications:
- Education, Licenses, Certifications:
- ICWA Inter/CA Inter/MBA Finance & BCOM or M COM.
QUALIFICATIONS
Experience:
- 2+ years of relevant work experience or intermediate-level knowledge obtained through education, training, or on-the-job experience.
Job Finance
Organization Cummins Inc.
Role Category Hybrid
Job Type Office
ReqID 2408526
Relocation Package No
Key Responsibilities:
Managerial Responsibilities (30%):
- Monthly Closing Activities & Variance Analysis: Perform monthly closing activities and variance analysis to ensure accurate financial reporting.
- Inventory Management - Inventory Valuation, Inventory Aging , Excess & obsolete Inventory, Inventory Reporting
- Product Cost Analysis & Reporting: Conduct product cost analysis and prepare related reports.
- Manufacturing Cost Analysis: Analyze manufacturing costs to identify areas for improvement.
- Audit Support: Assist in audit-related activities to ensure compliance and accuracy.
- Expense Management: Analyze managed expenses to drive planned improvements, achieve stretch targets, and validate cost savings projects related to manufacturing expenses.
- Financial Processes: Support daily financial processes, including purchase requisitions, invoice reconciliation, supplier payments, requests for checks, and addressing questions concerning monthly budget data.
- Special Projects: Participate in special projects as assigned and perform ad hoc reporting requests as needed.
General Professional Practice (GPP) Responsibilities (70%):
- Reporting:
- Prepare basic reporting for management, including reviews for areas of emphasis and follow-up.
- Analyze basic financial data to support departmental budgets and forecasts.
- Explain expense variances and heighten spending awareness within the organization.
- Load actual and forecast data into the financial system.
- Financial Processes:
- Support other daily financial processes required for purchase requisitions, invoice reconciliation, supplier payments, requests for checks, and questions concerning monthly budget data.
- Participate in special projects as assigned and perform ad hoc reporting requests as needed.
RESPONSIBILITIES
Competencies:
- 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.
- Instills Trust: Gaining the confidence and trust of others through honesty, integrity, and authenticity.
- Nimble Learning: Actively learning through experimentation when tackling new problems, using both successes and failures as learning fodder.
- Values Differences: Recognizing the value that different perspectives and cultures bring to an organization.
- Financial Analysis: Interpreting financial data by analyzing trends, variances, opportunities, and risks to provide insight to stakeholders regarding financial impact to drive business improvement; evaluating financial results against targets to communicate conclusions to all stakeholders; ensuring integrity of financial data by investigating variances and determining corrective actions to resolve identified issues.
- Financial Reporting: Analyzing financial data by evaluating results and solutions to support business decisions; preparing and presenting financial information by summarizing data to communicate results in compliance with regulations and stakeholder expectations; partnering with stakeholders to drive financial performance that aligns with organizational goals and strategies.
Qualifications:
- Education, Licenses, Certifications:
- ICWA Inter/CA Inter/MBA Finance & BCOM or M COM.
QUALIFICATIONS
Experience:
- 2+ years of relevant work experience or intermediate-level knowledge obtained through education, training, or on-the-job experience.
Job Finance
Organization Cummins Inc.
Role Category Hybrid
Job Type Office
ReqID 2408526
Relocation Package No