Accounting Associate - Level II

DESCRIPTION

The Accounting Associate – Level II supports Accounts Receivable operations, customer collections, cash application, account reconciliation, and month-end closing activities. The role requires strong analytical skills, stakeholder management, and ownership in driving operational excellence. The position performs accounting activities under moderate supervision, ensuring accurate financial reporting, adherence to SOX controls, and support for internal and external audits.

Key Responsibilities Accounts Receivable & Cash Application

• Book and apply customer receipts accurately on the same day.
• Perform daily receipt booking, application, and follow-up on unapplied cash/credits.
• Provide Statements of Accounts to Business Units as required.
• Drive proactive collections by working closely with customers and Business Units.
• Respond to stakeholder and customer emails within the defined TAT.
• Handle BU and customer queries professionally to ensure smooth interactions.

Accounting & Reconciliation

• Support month-end closing activities, including preparation of basic journal entries.
• Perform monthly and annual account reconciliations.
• Compile, consolidate, and analyze accounting and financial data.
• Assist with preparation of tables, charts, and exhibits for financial reports.

Governance, Controls & Compliance

• Ensure adherence to SOX controls and support internal and external audits.
• Maintain integrity of financial data by investigating variances and recommending corrective actions.
• Support standardization and documentation of SOPs.

Continuous Improvement & Collaboration

• Lead or participate in process improvement and operational excellence initiatives.
• Participate in less complex accounting projects or support team efforts on more complex tasks.
• Demonstrate strong ownership, accountability, and the ability to work independently and collaboratively.

RESPONSIBILITIES

Required Skills & Competencies

Technical Skills

• Strong knowledge of Accounts Receivable and Customer Collections.
• Good understanding of debit/credit notes, TDS, GST, and reconciliation processes.
• Ability to interpret customer accounts and perform ageing analysis.
• Proficiency in Microsoft Excel; working knowledge of Power BI or Power Query is an advantage.
• Working knowledge of financial analysis, variance analysis, and internal control principles.
• Understanding of financial regulations relevant to accounting, tax, and reporting.

Behavioral Competencies

• Action Oriented: Takes on new challenges with urgency and enthusiasm.
• Communicates Effectively: Tailors communication for different stakeholders.
• Customer Focus: Builds strong relationships and delivers customer-centric solutions.
• Decision Quality: Makes sound, timely decisions to support business needs.
• Nimble Learning: Learns from experience and applies insights to new challenges.
• Values Differences: Appreciates diverse perspectives and cultural backgrounds.
• Attention to Detail: Ensures accuracy in high-volume, time-sensitive tasks.
• Stakeholder Management: Capable of managing expectations and driving outcomes.

QUALIFICATIONS

Qualifications & Experience

• Bachelor’s degree in Commerce / Finance (B.Com / M.Com) or a related field.
• 2–5 years of experience in Accounts Receivable, Customer Collections, or related finance roles.
• Experience in a Shared Services environment is desirable.
• Intermediate knowledge gained through education, training, or on-the-job experience.

Job Finance

Organization Cummins Inc.

Role Category On-site with Flexibility

Job Type Office

ReqID 2422607

Relocation Package No

100% On-Site No