Financial Analyst

Cummins Inc.; Maharashtra; On-site; INR 1,200,000 - 2,400,000; Full time

Job summary

Cummins Inc. in Maharashtra is seeking an experienced Finance professional to prepare analyses and reports for department managers and support the annual budget, expense and staffing forecasts, and statistical reporting.

The role emphasizes collaboration with plant operations and adherence to US GAAP, with responsibilities spanning month-end close, data consolidation, and variance analysis to drive financial performance and cost control.

Qualifications

• College, university, or equivalent degree in Finance, Accounting or related field required.
• CA-Inter and CMA-Inter qualifications preferred.

Responsibilities

• Drive Automation Projects: Lead and execute site-level automation initiatives to streamline finance workflows.
• Financial Analysis & Forecasting: Prepare and analyze monthly comparative reports of actual financial performance against forecasted projections.
• Plant Operations Support: Partner directly with the plant operations team, providing financial guidance and support for day-to-day activities.
• Audit Compliance: Facilitate and support quarterly internal and external audit requirements.
• Balance Sheet Reconciliation: Manage monthly balance sheet reconciliation process and resolve aged items.
• Cross-Functional Collaboration: Work with cross-functional plant teams on KPI tracking and statutory submissions.

Skills

Action oriented

Collaborates

Communicates effectively

Demonstrates self-awareness

Nimble learning

Optimizes work processes

Self-development

Values differences

Business Partnering

Financial Analysis

Financial Reporting

US GAAP

Education

Finance/Accounting degree

CA-Inter

CMA-Inter

Tools

Oracle

SAP

Microsoft Excel

Power BI

Tableau

Job description

Job Summary

Responsible for the preparation of analyses and reports for department managers. Supports the annual budget process, expense and/or staffing forecasts or statistical reporting.

Key Responsibilities

Prepares analyses and reports for department managers. Works with assigned organizational unit(s) to develop annual budgets, expense and staffing forecasts, and statistical reporting. Supports month end close. Prepares and consolidates financial data. Prepares statistical reporting, including financial performance, variance explanations, and cost analysis. Executes special projects as assigned.

Competencies

• Action oriented - Taking on new opportunities and tough challenges with a sense of urgency, high energy, and enthusiasm.
• Collaborates - Building partnerships and working collaboratively with others to meet shared objectives.
• Communicates effectively - Developing and delivering multi-mode communications that convey a clear understanding of the unique needs of different audiences.
• Demonstrates self-awareness - Using a combination of feedback and reflection to gain productive insight into personal strengths and weaknesses.
• Nimble learning - Actively learning through experimentation when tackling new problems, using both successes and failures as learning fodder.
• Optimizes work processes - Knowing the most effective and efficient processes to get things done, with a focus on continuous improvement.
• Self-development - Actively seeking new ways to grow and be challenged using both formal and informal development channels.
• Values differences - Recognizing the value that different perspectives and cultures bring to an organization.
• Business Partnering - Collaborates with stakeholders and develops partnerships to drive performance that aligns to organizational goals and strategies; influences the organization by demonstrating knowledge of the business to provide guidance to support the decision making process and guiding the business towards positive results and organizational alignment; evaluates business environment using measures to mitigate risk and capitalize on opportunities.
• 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 Reporting - Analyzes financial data by evaluating results and solutions to support business decisions; prepares and presents financial information by summarizing data to communicate results in compliance with regulations and stakeholder expectations; partners with stakeholders to drive financial performance that aligns to organizational goals and strategies.
• US Generally Accepted Accounting Principles - Evaluates US accounting standards to record transactions in compliance with requirements and company policies; assesses the accounting requirements and objectives to determine the implications on the business and communicate to stakeholders with varying financial knowledge.

Education, Licenses, Certifications

College, university, or equivalent degree in Finance, Accounting or related field required,CA-Inter,CMA - Inter qualified preferred.

Experience

Minimum 5 years of relevant experience required.

Key Responsibilities (continued)

• Drive Automation Projects: Lead and execute site-level automation initiatives to streamline finance workflows and eliminate manual processing.
• Financial Analysis & Forecasting: Prepare and analyze monthly comparative reports of actual financial performance against forecasted projections.
• Plant Operations Support: Partner directly with the plant operations team, providing financial guidance and support for day-to-day operational activities and deliverables.
• Audit Compliance: Facilitate and support quarterly internal and external audit requirements to ensure adherence to corporate financial standards.
• Balance Sheet Reconciliation: Manage the monthly balance sheet reconciliation process, ensuring the timely investigation and closure of aged reconciliation items.
• Cross-Functional Collaboration: Work closely with cross-functional plant teams to drive key deliverables, including KPI tracking, plant performance reviews, and mandatory statutory submissions to government offices.

Skill, Education, or Experience Requirements

• Experience: Proven track record in plant accounting, manufacturing finance, or a closely related corporate finance environment.
• Technical Skills: Strong proficiency in balance sheet reconciliation, variance analysis, and managing financial audit cycles,statutory submissions.
• System Knowledge: Hands-on experience working with Enterprise Resource Planning (ERP) systems (e.g., Oracle, SAP) and advanced Microsoft Excel skills..
• Process Automation & BI: Strong preference for candidates with experience utilizing data visualization or business intelligence tools (Power BI, Tableau) to build financial dashboards.
• Industry Background: Prior experience working directly within a manufacturing facility or plant environment.

This role requires 5 days onsite availability, basis work requirement.

Job

Finance

Organization

Cummins Inc.

Role Category

On-site with Flexibility

Job Type

Exempt - Experienced

Relocation Package

Yes

100% On-Site

Yes

Due to the operational nature and specific job duties of this role, work is required to be completed 100% in person/On-site.