Accounting Associate - Level II

Reposted 5 Hours Ago
Be an Early Applicant
Phaltan, Satara, Maharashtra, IND
In-Office
Mid level
Automotive
The Role
Performs account reconciliations, basic financial analysis, journal entry preparation, and supports month-end close. Manages inventory reconciliations, cycle count audits, intercompany transactions (AGIS), and TDS/government compliance filings. Prepares tables, charts, and ad hoc reports to support financial reporting.
Summary Generated by Built In

Job Summary:

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


Key Responsibilities:

Compiles, consolidates and conducts basic analysis of accounting and finance information. Prepares basic journal entries. Performs monthly and annual account reconciliations. Assists with preparation of tables, charts and other exhibits for reports. May perform less complex accounting projects or participate as a team member on more complex projects. Performs 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. 
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 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: 
Any Graduation or Post graduation  
Experience: 
3-5 years of relevant work experience required.

Qualifications

Core Responsibilities

  • Inventory & Reconciliation: Perform monthly and quarterly inventory workings, tally them with the General Ledger (GL), and identify/analyze reasons for any variances.
  • Auditing & Compliance: Conduct regular cycle count-related audits. Handle government compliance requirements, specifically with the National Statistics Office and Annual Survey of Industries (ASI), including the filing of necessary reports.
  • Financial Reporting & Tracking: Report regular manufacturing expenses for the plant. Track and manage Days Inventory Outstanding (DIO) and Inventory Turns for the Product Support Business Unit (PSBU).
  • Intercompany Transactions: Manage Advanced Global Intercompany System (AGIS) and cross-charging for cost recovery within intercompany entities.
  • Supplier Verification: Perform quarterly reconciliation of stock held at supplier locations.
  • Tax Compliance: Handle Tax Deducted at Source (TDS) related workings and compile necessary data for quarterly filings.

General Accounting Support

  • Compile, consolidate, and conduct basic analysis of accounting and finance information.
  • Prepare basic journal entries and support the month-end close process.
  • Perform monthly and annual account reconciliations.
  • Assist with the preparation of tables, charts, and exhibits for financial reports, alongside handling ad hoc reporting requests.


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

  • Graduation or Post graduation
  • 3-5 years of relevant work experience
  • Experience performing account reconciliations and month-end close
  • Experience preparing journal entries and basic financial analysis
  • Experience with inventory reconciliation, cycle counts, and inventory metrics (DIO, Inventory Turns)
  • Experience managing intercompany transactions and Advanced Global Intercompany System (AGIS)
  • Experience handling Tax Deducted at Source (TDS) workings and government compliance reporting (ASI, National Statistics Office)

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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