Finance Associate - Level II

Posted 6 Days Ago
Be an Early Applicant
Phaltan, Satara, Maharashtra, IND
In-Office
Mid level
Automotive
The Role
Prepares financial reports and analyses, supports departmental budgeting and forecasting, explains expense variances, loads actual and forecast data into financial systems, and assists with financial operations including requisitions, invoice reconciliation, supplier payments, check requests, and ad hoc reporting.
Summary Generated by Built In

Job Summary:

Prepares basic financial analyses and reports for management. Supports the annual budget and forecasting processes. Performs activities under moderate supervision.

Key Responsibilities:

Prepares basic reporting for management, including reviews for areas of emphasis and follow-up. Analyzes basic financial data to support departmental budgets and forecasts. Explains expense variances and heightens spending awareness within the organization. Loads actual and forecast data into the financial system. Supports other daily financial processes required for purchase requisitions, invoice reconciliation, supplier payments, requests for checks and questions concerning monthly budget data. Participates in special projects as assigned. 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.
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 - 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 Reporting - Analyzes financial data by evaluating results and solutions to support business decisions; prepares and presents financial information by summarizing data to communicate results in compliance with regulations and stakeholder expectations; partners with stakeholders to drive financial performance that aligns to organizational goals and strategies. 
Education, Licenses, Certifications: 
Any Degree in Commerce/Finance (MBA Finance preferred)
Experience: 
2-4 years of relevant work experience required.

Qualifications

Financial Reporting & Analysis

  • Manufacturing Overheads Analysis
  • AOP & Forecast Submission
  • Financial Reporting 
  • Stakeholder Management
  • Prepare basic financial reports for management, including reviews of key areas of emphasis and follow-up actions.
  • Analyze financial data to support departmental budgets and forecasts.
  • Explain expense variances and support initiatives to improve cost awareness across the organization.
  • Load actuals and forecast data into financial systems in a timely and accurate manner.

Financial Operations & Processes

  • Support daily financial processes including purchase requisitions, invoice reconciliation, supplier payments, check requests, and responses to monthly budget-related queries.
  • Participate in special projects as assigned and complete ad hoc reporting requests as required.
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 Commerce or Finance
  • 2-4 years of relevant work experience
  • MBA in Finance
  • Experience with manufacturing overheads analysis
  • Experience with annual operating plan and forecast submissions
  • Financial reporting and analysis experience
  • Stakeholder management 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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