Manager - Inter Company

Job Summary:

Responsible for general accounting work required to maintain the department’s general ledger. Performs financial analysis of the department’s chart of accounts and financial statements by identifying and analyzing variances.

Key Responsibilities:

Analyzes, records and reports accounting transactions in a timely manner. Prepares general ledger entries and account reconciliations. Responds to inquiries received from management, internal and external auditors, Sarbanes-Oxley audit group and others regarding financial results, special reporting requests, etc. Protects organization's value by keeping information confidential.

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. 
Collaborates - Building partnerships and working collaboratively with others to meet shared objectives. 
Communicates effectively - Developing and delivering multi-mode communications that convey a clear understanding of the unique needs of different audiences. 
Ensures accountability - Holding self and others accountable to meet commitments. 
Nimble learning - Actively learning through experimentation when tackling new problems, using both successes and failures as learning fodder. 
Self-development - Actively seeking new ways to grow and be challenged using both formal and informal development channels. 
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. 
US Generally Accepted Accounting Principles - Evaluates US accounting standards to record transactions in compliance with requirements and company policies; assesses the accounting requirements and objectives to determine the implications on the business and communicate to stakeholders with varying financial knowledge. 
Education, Licenses, Certifications: 
College, university, or equivalent degree in Accounting, Finance or related field required. 
Experience: 
Minimal relevant professional work experience in the field of study required.

Qualifications

Experience Level - 

7-10 years of relevant experience in intercompany accounting, good attention to detail and well organized. Ability to multi-task, work under pressure, and meet tight deadlines, working globally would be an advantage

Job Summary - 

Responsible for Intercompany related transactions and its accounting, good knowledge of ledger and sub ledger
Performs financial analysis of the department’s chart of accounts and financial statements by
identifying and analyzing variances.

Key Role Responsibilities - 

• Manages accountants or accounting clerks in maintaining the intercompany transactions. Implements accounting policies under direction of the Accounting Manager.
• Implements processes and procedures that properly capture, track, and report intercompany pre-close and post month end activities (Corp and Tax).
• Compiles, reviews, analyses, and records complex movement of transaction, balance confirmations and deviations if any.
• Reviews account reconciliations prepared by accountants and accounting clerks.
• Reviews and interprets audit and entity intercompany queries, Lead and support intercompany daily & monthly activities.
• Review, investigate and resolve issues relating to intercompany transactions.
• Ensure accuracy of reporting in multiple currencies and the conversion techniques to US$.
• Manage month end accounting consolidation and US$ submission process for CMI entities’ results globally.
• Promote common accounting by maintaining global setups and reporting with high quality.
• Ensure intercompany process is closed on time and correctly reconciled as per requirements.
• Ensure SOx documentation is maintained in accordance with current processes and controls.
• Ensure SLA’s are met.
• Must be flexible in approach and a team player.
• Maintain excellent customer service with all CBS stakeholders.
• Ability to manage staff, train, lead and develop.
• Provide support to work outsourced to 3rd party (TCS).
• Experience in netting process, including review and reconciliation of intercompany balances for timely settlement.

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.