Phaltan, IND
1 day ago
Finance Associate - Level II
**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.** + **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:** + 4+ 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
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