Finance Associate - Level II

DESCRIPTION

The location is KEP, Pune .

Key Responsibilities:

1. Financial Reporting and Analysis:
2. Prepare basic financial reports for management, including reviews for areas of emphasis and follow-up.
3. Analyze financial data to support departmental budgets and forecasts.
4. Explain expense variances and promote spending awareness within the organization.
5. Load actual and forecast data into the financial system.
6. Month-End and Budgeting Activities:
7. Perform month-end closing activities, including journal entries, account reconciliations, and analysis of financial results.
8. Support the annual budget and forecasting processes.
9. Operational Support:
10. Manage and monitor plant costs, including direct and indirect costs, overheads, and variances.
11. Support daily financial processes such as purchase requisitions, invoice reconciliation, supplier payments, and check requests.
12. Address questions concerning monthly budget data and financial processes.
13. Process Improvement:
14. Identify and implement process improvements to enhance financial operations.
15. Lead or participate in cross-functional projects aimed at optimizing plant performance.
16. Special Projects and Ad Hoc Reporting:
17. Participate in special projects as assigned.
18. 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 - 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.

Education, Licenses, Certifications:

Bachelor's degree in Finance, Accounting, Business Administration, or a related field.

Experience:

3-4 years of experience in a finance role, preferably within a manufacturing or plant environment.

Strong understanding of cost accounting, financial analysis, and budgeting.

QUALIFICATIONS

Skills and Competencies:

• Financial Analysis:
• Interpret financial data by analyzing trends, variances, opportunities, and risks to provide insights and drive business improvement.
• Evaluate financial results against targets and communicate conclusions to stakeholders.
• Financial Reporting:
• Prepare and present financial information, summarizing data to communicate results in compliance with regulations and stakeholder expectations.
• Partner with stakeholders to drive financial performance aligned with organizational goals and strategies.
• Action-Oriented:
• Approach new opportunities and challenges with urgency, high energy, and enthusiasm.
• Effective Communication:
• Develop and deliver communications that meet the unique needs of different audiences.
• Customer Focus:
• Build strong customer relationships and deliver solutions tailored to their needs.
• Decision Quality:
• Make well-informed, timely decisions that advance organizational objectives.
• Instills Trust:
• Gain the confidence and trust of others through honesty, integrity, and authenticity.
• Nimble Learning:
• Actively learn from experimentation and past experiences to address new problems effectively.
• Values Differences:
• Recognize and leverage diverse perspectives and cultures within the organization.
• Advanced Excel and ERP Systems Proficiency:
• Demonstrate advanced proficiency in Microsoft Excel and experience with ERP systems (e.g., Oracle).

Additional Requirements:

• Ability to identify and implement process improvements to enhance financial efficiency.
• Experience with plant cost management and financial statement preparation.

Job Finance

Organization Cummins Inc.

Role Category Hybrid

Job Type Office

ReqID 2403324

Relocation Package No