Accounting Associate - Level I

Cummins Inc.; Pune District; On-site; INR 600,000 - 900,000; Full time

Job summary

Cummins Inc. is seeking an accounting professional in Pune, India to support account reconciliation, analysis, and journal entry preparation under direct supervision. The role involves assisting with the month-end close and contributing to various finance projects.

The candidate will handle basic accounting tasks, assist in producing reports, and work with cross-functional teams to ensure accuracy and timeliness of financial information.

Qualifications

• Degree in Accounting, Finance or related field preferred.
• 2-4 years of relevant experience.
• Experience with cash flow management and month-end close processes.

Responsibilities

• Assist with account reconciliation, analysis, and data entry.
• Assist with preparation of basic journal entries and tables for reports.
• Support monthly and annual account reconciliations under supervision.
• Prepare tables, charts and exhibits for reports.
• Participate in basic accounting projects and ad hoc reporting.

Skills

Cash Flow Management

Month End Close

Journal Entries

Financial Analysis

Internal Controls

Regulatory Compliance

Stakeholder Management

MIS / Reporting

Education

Degree in Accounting or Finance

Job description

Job Description

Assists with account reconciliation, analysis, journal entry preparation and data entry. Assists with the month-end close process. Performs activities under direct supervision.

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.

Responsibilities

• 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 experience

Qualifications

The position will be required to handle theCash 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

Cummins is an equal opportunity employer. Our policy is to provide equal employment opportunities to all qualified persons without regard to race, sex, color, disability, national origin, age, religion, union affiliation, sexual orientation, veteran status, citizenship, gender identity, or other status protected by law.