Description
The Accounts Payable Analyst provides analytical and operational support as a member of the Accounts Payable (AP) team, ensuring accurate, timely, and compliant execution of AP processes for assigned India ABO entities. The role focuses on delivering high-quality financial reporting, driving process standardization and automation, strengthening internal controls, and enhancing customer experience through proactive stakeholder engagement and business partnering.
Key ResponsibilitiesOperational Excellence & Month-End Close
- Complete all month-end close activities accurately and on time (by WD 3), ensuring right-first-time delivery.
- Prepare and submit CMI and IGAAP reconciliations for assigned Business Units accurately and within timelines.
- Prepare audit schedules including Trade Payables, AP Debit Balances, MSME, and AP Sub-Ledger Variance.
- Prepare AP Packs for Balance Sheet reviews.
- Perform SOx and/or IFC controls for the AP function, maintain supporting documentation, and ensure timely corporate submissions.
- Provide timely support during audits, reviews, and control testing for assigned Business Centers.
- Prepare, analyze, and review AP ageing reports; drive resolution of aged and outstanding items.
Analytics & Reporting
- Prepare analyses, statistical reports, and insights for the Accounts Payable team.
- Interpret financial data by analyzing trends, variances, risks, and opportunities.
- Provide recommendations for improvements in processes and controls.
- Ensure integrity of financial data by investigating discrepancies and implementing corrective actions.
Process Improvement & Automation
- Identify opportunities for standardization across AP workstreams while respecting unique Business Unit requirements.
- Explore automation opportunities to improve efficiency and reduce manual interventions.
- Prepare, maintain, and revise Standard Operating Procedures (SOPs) as required.
- Participate in and execute special projects and continuous improvement initiatives.
Stakeholder Management & Business Partnering
- Foster strong partnerships with Business Units and cross-functional Finance teams.
- Arrange and lead review meetings with stakeholders to enhance business effectiveness.
- Document meeting minutes (MOM), track action items, and ensure timely closure.
- Address escalations and critical cases with urgency; proactively elevate risks to avoid service disruptions.
- Serve as a trusted advisor to stakeholders, driving a customer-focused culture and enhancing overall service delivery experience.
Responsibilities
Skills & Competencies
Core Behavioral Competencies
- Action Oriented – Takes initiative and handles challenges with urgency and energy.
- Collaborates – Builds partnerships and works effectively across teams.
- Communicates Effectively – Conveys information clearly to diverse stakeholders.
- Customer Focus – Builds strong relationships and delivers customer-centric solutions.
- Drives Results – Consistently achieves goals even under tight timelines.
- Instills Trust – Demonstrates integrity, transparency, and accountability.
- Nimble Learning – Learns from experience and adapts to change.
- Self-Development – Actively seeks growth and learning opportunities.
- Values Differences – Embraces diverse perspectives and inclusive practices.
Functional Competencies
- Business Partnering – Collaborates with stakeholders to align financial processes with business strategy; provides financial insights to support decision-making.
- Financial Analysis – Analyzes financial results, identifies trends and variances, and communicates insights to stakeholders.
- Strong knowledge of Accounts Payable processes and controls.
- Working knowledge of SOx/IFC controls and audit requirements.
- Strong analytical and problem-solving skills.
- Proficiency in MS Excel and ERP systems (SAP or similar preferred).
- Basic understanding of automation tools and process improvement methodologies.
Experience
- Minimal relevant work experience required.
- Experience in Accounts Payable, financial reporting, reconciliations, or shared services environment preferred.
- Exposure to month-end close, audits, and internal controls is an advantage.
Qualifications
Qualifications
- College, university, or equivalent degree in Accounting, Finance, or related field required.
- Professional certifications (e.g., CA Inter, CMA Inter, CPA – preferred but not mandatory).
- Understanding of Indian GAAP (IGAAP) and internal financial controls preferred.
Job Finance
Organization Cummins Inc.
Role Category On-site with Flexibility
Job Type Exempt - Experienced
ReqID 2425865
Relocation Package No
100% On-Site No
