Accounting Associate - Level I

DESCRIPTION

GPP Database Link (https://cummins365.sharepoint.com/sites/CS38534/)

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:

High school diploma or certificate of completion of secondary education or equivalent experience to the extent such experience meets applicable regulations.

Experience:

Minimal or no work experience required.

QUALIFICATIONS

• Preparation of Balance Sheet Reconciliation for Accounts Payables and Prepaid Expense Accounts
• Preparation of Retention Schedules by day 4 and communicate it with GCA FA team.
• Working with Business and CBS Service lines for resolution of open items
• Work with Business and CGA CTB Team on prepaid expenses and to record the employee medical insurance and other prepaid expenses amortization journal entries on monthly basis.
• Record CSR (Corporate Social Responsibility) contribution and its amortization on monthly basis.
• To maintain SOX documentation for Balance Sheet Reconciliation process
• Responds to inquiries received from management, internal and external auditors, Sarbanes-Oxley audit group and others regarding financial results, special reporting requests, etc.

Job Finance

Organization Cummins Inc.

Role Category Hybrid

Job Type Office

ReqID 2417472

Relocation Package No