Accounts Payable Specialist

4 weeks ago


Pune, Maharashtra, India Cummins Inc. Full time

Job Summary:

Cummins Inc. is seeking a skilled Accounts Payable Analyst to join our team. As a key member of the accounts payable team, you will be responsible for providing analytical support, ensuring timely completion of month-end activities, and resolving accounts payable issues.

Key Responsibilities:

  • Financial Analysis: Analyze trends, variances, opportunities, and risks in financial data to guide decision-making and drive business improvement.
  • Process Improvement: Explore automation opportunities to improve process efficiency and identify standardization opportunities while retaining the unique requirements of each business unit.
  • Customer Experience: Role model customer service by driving a culture of service and empower Cummins Business Services (CBS) to find innovative solutions and enhance customer experience with every interaction.
  • Operational Responsibilities:
    • Complete all month-end close activities by Working Day 3 (WD 3) with accuracy.
    • Prepare, maintain, and revise Standard Operating Procedures (SOPs) for assigned areas.
    • Perform reconciliations (CMI and IGAAP) for assigned business units and ensure timely, accurate submissions.
    • Prepare audit schedules, including trade payable, accounts payable (AP) debit balance, MSME, and AP sub-ledger variance.
    • Prepare and analyze AP aging reports, working on the timely resolution of aged items.
    • Ensure timely performance of SOx and/or IFC controls and corporate submissions.
    • Prepare AP Pack for Balance Sheet reviews.
    • Support audits, reviews, and control testing for assigned business centers.
    • Stakeholder Engagement: Conduct review meetings with business units (BU), document minutes of meetings (MOM), and keep managers informed of actionable items. Proactively address escalations and resolve issues, elevating them when necessary.
    • Project Execution: Work on special projects as assigned by leadership, contributing to strategic initiatives that enhance business effectiveness.
    • Process Standardization: Ensure uniformity within the accounts payable workstream while addressing the unique requirements of business units.
    • Audit Support: Timely support during audits, ensuring compliance with regulatory and internal controls (SOx, IFC).

Qualifications:

  • Education: College, university, or equivalent degree in Accounting, Finance, or related field is required.
  • Competencies:
    • Customer Focus: Build strong customer relationships and deliver customer-centric solutions to enhance satisfaction and drive service improvement.
    • Collaborative Partnerships: Develop partnerships with internal teams and stakeholders to meet shared objectives.
    • Communication: Effectively communicate with different stakeholders, ensuring clear understanding across various audiences.
    • Problem Solving & Innovation: Explore process improvement opportunities, including automation, and take a proactive approach to resolve moderately complex accounts payable issues.
    • Financial Analysis: Analyze trends, variances, opportunities, and risks in financial data to guide decision-making and drive business improvement.
    • Business Partnering: Influence and collaborate with stakeholders to align performance with organizational goals and strategies.
    • Action Oriented: Approach new opportunities and challenges with a sense of urgency and enthusiasm, consistently driving results.
    • Nimble Learning & Self-Development: Continuously seek learning opportunities and personal growth by using both successes and failures as learning experiences.
    • Instills Trust: Build credibility and trust through honesty, integrity, and authenticity.
    • Values Differences: Recognize and appreciate the value of diverse perspectives and cultures within the organization.


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