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Cummins

Accounting Associate - Level II

Pune, IndiaFinancePosted 8 days ago

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Job Summary:

Supports account reconciliation and analysis, journal entry preparation and data entry. Supports the month-end close process. Performs activities under moderate supervision.

Key Responsibilities:

Compiles, consolidates and conducts basic analysis of accounting and finance information.Prepares basic journal entries.Performs monthly and annual account reconciliations.Assists with preparation of tables, charts and other exhibits for reports.May perform less complex accounting projects or participate as a team member on more complex projects.Performs ad hoc reporting requests as needed.

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.

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 Internal Controls - Leverages internal control framework by assessing internal controls and developing remediation plans to mitigate financial reporting risks and respond to changing business needs.

Financial Regulations Acumen - Evaluates applicable regulations for the financial area of focus, such as tax, banking, pension, local accounting to ensure underlying transactions are recorded in compliance with applicable regulations; explains key requirements and purpose of regulations and implications to the business to inform and educate relevant stakeholders.

Education, Licenses, Certifications:

High school diploma or certificate of completion of secondary education or equivalent experience to the extent such experience meets applicable regulations.

Experience:

Requires some work experience or intermediate level knowledge obtained through education, training or on-the-job experience.

Will be undertaking Forex activities - computation of net exposure including obtaining Forecast from different business unit, Preparations of hedging underlying based on net exposure. Submission of related documentation with banks, preparation on UFCE exposure and submitting with bank on quarterly basis. Accounting of MTM impact and allocation the resultant FX impact between business units of the same LE. Submission of Forecast data for exposure & royalty and other applicable remittances to overseas entities. Also analyzing the Forex impact for all LE on monthly basis and preparing the explanation for board on quarterly basis. Reviewing forex transaction and suggesting BU to follow the steps in order to need FEMA guidelines. Tracking FX contract, its utilization, rollover, communication with CBS for utilizing import contract. Review FCY balances, Netting collections, timely conversions of EEFC amounts.

Job Finance

Organization Cummins Inc.

Role Category On-site with Flexibility

Job Type Office

ReqID 2438648

Relocation Package No

100% On-Site No

About Cummins

At Cummins, we believe people should feel continuously challenged and engaged, making meaningful contributions and growing in their careers.

Size: 10,000+ employees
Industry: Engineering

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