Accounting Associate - Level I

Reposted 6 Days Ago
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Pune, Mahārāshtra, IND
In-Office
Junior
Automotive
The Role
The Accounting Associate assists with account reconciliation, journal entry preparation, month-end close activities, and financial analysis under supervision.
Summary Generated by Built In

Job Summary:

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


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: 
Degree in Accounting, Finance or related field preferred.
Experience: 
2-4 years of relevant experience

Qualifications

The position will be required to handle the Cash flow management - investment & redemption processing, Banking relationship, Month close activity, FEMA compliances – GR waiver & Aged AR extension.

  • Cash Flow Management – Daily monitoring of cash flow. Investing the surplus funds in MF, Redeeming in case of deficit
  • Extension request for unrealised aged export transactions for all entities – coordinating with CS, BU & bank teams to ensure timely submissions on monthly basis.
  • Closing activities – accounting entries related to investment including preparation of investment register, FD & bonds documentation and interest & TDS working thereon, Preparation of schedule and uploading the same on portal on monthly basis.
  • Coordination with CTB, TAX team & auditors during stat, quarterly & tax audits
  • Banking operations – documentation, KYC process, onboarding users for online setup with different banks.
  • GR waiver, issuance, closure & MIS Reporting – timely publishing of MIS and reports as per timeline
  • Generating Purchase Order – issuing PO to vendors, as required
  • LC/BG issuance – coordination with bank for establishing BG/LC as per request
  • Stakeholder Management – working closely with internal and external stakeholder
About UsCummins is an equal opportunity employer. Our policy is to provide equal employment opportunities to all qualified persons without regard to race, sex, color, disability, national origin, age, religion, union affiliation, sexual orientation, veteran status, citizenship, gender identity, or other status protected by law.

Skills Required

  • Degree in Accounting, Finance or related field preferred
  • 2-4 years of relevant experience

Cummins Compensation & Benefits Highlights

The following summarizes recurring compensation and benefits themes identified from responses generated by popular LLMs to common candidate questions about Cummins and has not been reviewed or approved by Cummins.

  • Retirement Support A 401(k) with company contribution/match and both defined contribution and defined benefit pension plans are offered, alongside profit sharing and an employee stock purchase plan. This mix supports long-term savings and financial security.
  • Healthcare Strength Multiple medical plan options (HSA, HSA Plus, PPO) with dental, vision, life and long-term disability coverage are provided, along with telehealth, mental-health support, and wellness tools. In-network protections and HSA/HSA Plus structures are described to help manage costs.
  • Parental & Family Support Paid maternity and paternity leave, family medical leave, and adoption assistance are offered. Reduced or flexible hours and unpaid extended leave options further support caregiving needs.

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The Company
HQ: Columbus, IN
35,251 Employees
Year Founded: 1919

What We Do

At Cummins, we empower everyone to grow their careers through meaningful work, building inclusive and equitable teams, coaching, development and opportunities to make a difference. Across our entire organization, you'll find engineers, developers, and technicians who are innovating, designing, testing, and building. You'll also find accountants, marketers, as well as manufacturing, quality and supply chain specialists who are working with technology that's just as innovative and advanced.

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