Finance Associate - Level II

DESCRIPTION

Key Responsibilities:

• Monthly Closing Activities & Variance Analysis: Perform monthly closing activities and variance analysis to ensure accurate financial reporting.
• Inventory Management - Inventory Valuation, Inventory Aging , Excess & obsolete Inventory, Inventory Reporting
• 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.
• 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:

• 2+ 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