(IND-Phaltan) Finance Associate - Level II
India 6 days ago
Job Description
**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.
**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:**
ICWA Inter/CA Inter/MBA Finance&BCOM or M COM.
**Experience:**
2+ years of relevant work experience or intermediate-level knowledge obtained through education, training, or on-the-job experience.
**QUALIFICATIONS**
**Additional Responsibilities:-**
+ **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.
**Job** Finance
**Organization** Cummins Inc.
**Role Category** Hybrid
**Job Type** Office
**ReqID** 2416508
**Relocation Package** Yes
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