Description
Job Summary
The Accounting Associate supports core accounting processes including account reconciliation, journal entry preparation, basic financial analysis, and month-end close activities. The role performs routine accounting tasks under direct supervision and ensures accuracy and timeliness of financial documentation, reporting, and export-related processes.
Key Responsibilities
Common Responsibilities (Internal + External)
- Assist with compiling, consolidating, and conducting basic analysis of accounting and financial information.
- Prepare basic journal entries and ensure timely posting.
- Support monthly and annual account reconciliations under direct supervision.
- Prepare tables, charts, schedules, and exhibits for internal and external reports.
- Participate in basic accounting projects and provide support as a team member.
- Perform ad hoc reporting and data extraction as needed.
Additional Internal Responsibilities (Exports & AR Focus)
- Manage export documents, Letters of Credit (LC), and dispatch documents for submission to banks.
- Process export remittance instructions and ensure timely credit of export proceeds at monthend.
- Download the sales transaction register on a weekly basis.
- Perform BRC (Bank Realisation Certificate) reconciliation.
- Analyze EDPMS reports and ensure closure of caution-listed cases with banks.
- Prepare and maintain the consolidated shipping bill tracker.
- Ensure timely closure of shipping bills and timely BRC issuance.
- Follow up with banks for bill closures, bank reference numbers, and resolution of queries.
- Upload URN numbers and BRCs to the ORACLE GIEA portal.
Responsibilities
Competencies
Core Competencies
- Values Differences: Recognizes and appreciates diverse perspectives and cultural backgrounds.
- Action Oriented: Approaches new challenges with urgency, energy, and enthusiasm.
- Communicates Effectively: Delivers clear, concise communication tailored to diverse audiences.
- Customer Focus: Builds strong relationships and provides customer-centric solutions.
- Decision Quality: Makes timely, well-informed decisions that support business progress.
- Nimble Learning: Learns quickly by experimenting, analyzing outcomes, and applying lessons.
Financial Competencies
- Financial Analysis: Interprets financial data, identifies trends and variances, and provides insight to support business decision-making.
- Financial Internal Controls: Understands and applies internal control frameworks to mitigate financial reporting risks.
- Financial Regulations Acumen: Evaluates and interprets applicable financial, tax, export, banking, and accounting regulations to ensure compliance.
Qualifications
Education (External JD)
- High school diploma or equivalent, meeting applicable regulatory requirements.
Education (Internal JD / Preferred)
- Graduate degree in Commerce (B.Com / M.Com).
Qualifications
Skills
- Basic understanding of accounting principles and financial processes.
- Proficiency in MS Excel, data entry, and financial documentation.
- Ability to analyze financial data and prepare standard reports.
- Knowledge of export documentation processes (LC, shipping bills, BRCs).
- Familiarity with EDPMS and banking transaction workflows.
- Working knowledge of Oracle or similar ERP systems (preferred).
- Strong attention to detail and ability to work under direct supervision.
Experience
External Requirement
- Minimal or no prior work experience required.
Internal Requirement
- 2 to 5 years of experience in Accounts Receivable, export documentation, and banking interaction for export payments.
Job Finance
Organization Cummins Inc.
Role Category On-site with Flexibility
Job Type Office
ReqID 2422020
Relocation Package No
100% On-Site No
