Finance Associate
2 weeks ago
**DESCRIPTION**
**Key Responsibilities**:
**Managerial Responsibilities (30%)**:
- **Monthly Closing Activities & Variance Analysis**: Perform monthly closing activities and variance analysis to ensure accurate financial reporting.
- **Inventory Management.**:
- **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.
**General Professional Practice (GPP) Responsibilities (70%)**:
- **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.
**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**: Interpreting financial data by analyzing trends, variances, opportunities, and risks to provide insight to stakeholders regarding financial impact to drive business improvement; evaluating financial results against targets to communicate conclusions to all stakeholders; ensuring integrity of financial data by investigating variances and determining corrective actions to resolve identified issues.
- **Financial Reporting**: Analyzing financial data by evaluating results and solutions to support business decisions; preparing and presenting financial information by summarizing data to communicate results in compliance with regulations and stakeholder expectations; partnering with stakeholders to drive financial performance that aligns with organizational goals and strategies.
**Qualifications**:
- **Education, Licenses, Certifications**:
- ICWA Inter/CA Inter/MBA Finance & BCOM or M COM.
**QUALIFICATIONS**
**Experience**:
- 4+ years of relevant work experience or intermediate-level knowledge obtained through education, training, or on-the-job experience.
**Job** Finance
**Organization** Cummins Inc.
**Role Category** Hybrid
**Job Type** Office
**ReqID** 2408526
**Relocation Package** No
