Accounting Associate – Level I

Key Responsibilities:

Assists with compiling, consolidating and conducting basic analysis of accounting and finance information. Assists with preparation of basic journal entries. Provides assistance with monthly and annual account reconciliations, under direct supervision. Assists with preparation of tables, charts, and other exhibits for reports. May perform basic accounting projects or participate as a team member in basic projects. Performs ad hoc reporting requests as needed.

Responsibilities

Competencies:

Values differences – Recognizing the value that different perspectives and cultures bring to an organization.

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.

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

Minimal or no work experience required.

Qualifications

Skills Required:-

• Timely and accurate closure of monthly USGAAP Reporting to Cummins Inc.
• Preparation of ARM schedules as per the agreed timelines.
• Support in preparation of Balance Sheet Reconciliation process and drive closure of open line items.
• Support in preparation of quarterly Local GAAP financials. Also, play active participation in Year End Statutory Audit for CIL and CTIPL Legal Entity.