Cummins India | Accounting Associate - Level II

Responsibilities

• May perform less complex accounting projects or participate as a team member on more complex projects.
• Supports account reconciliation and analysis, journal entry preparation and data entry.
• Supports the month-end close process.
• Performs activities under moderate supervision.
• Performs monthly and annual account reconciliations.
• Assists with preparation of tables, charts and other exhibits for reports.
• Performs ad hoc reporting requests as needed.
• Compiles, consolidates and conducts basic analysis of accounting and finance information.
• Prepares basic journal entries.
• Values differences - Recognizing the value that different perspectives and cultures bring to an organization.
• Accounting of MTM impact and allocation the resultant FX impact between business units of the same LE.
• Reviewing forex transaction and suggesting BU to follow the steps in order to need FEMA guidelines.
• Tracking FX contract, its utilization, rollover, communication with CBS for utilizing import contract.
• Review FCY balances, Netting collections, timely conversions of EEFC amounts.

Requirements

• Developing and delivering multi-mode communications that convey a clear understanding of the unique needs of different audiences.
• High school diploma or certificate of completion of secondary education or equivalent experience to the extent such experience meets applicable regulations.
• Requires some work experience or intermediate level knowledge obtained through education, training or on-the-job experience.
• Will be undertaking Forex activities - computation of net exposure including obtaining Forecast from different business unit, Preparations of hedging underlying based on net exposure.
• Submission of related documentation with banks, preparation on UFCE exposure and submitting with bank on quarterly basis.
• Submission of Forecast data for exposure & royalty and other applicable remittances to overseas entities.

Cummins India Limited

Cummins Inc. was founded in 1919 in Columbus, Indiana, by the mechanic Clessie Cummins and the banker William Glanton Irwin, and its shares are listed on the New York Stock Exchange. The group makes engines, generator sets, filtration, emission-control and turbocharger products, and also has a newer business in zero-emission technology. Cummins India began in 1962 as a joint venture with the Kirloskar Group, and Cummins India Limited is now a Cummins subsidiary whose shares trade on the BSE and NSE. The group also runs a technical centre in Pune.

Its finance openings in India are in finance operations in Pune. They include accounts receivable associate roles at Level II and Level III, and an accounting associate role at Level II. The two Level III postings ask for seven to eight years in global collections, including U.S. customer portfolios, and a bachelor's or master's degree in finance or an equivalent. The Level II postings do not state an experience or qualification requirement.

• Industry: Engines, power generation equipment and related components, as the Indian arm of Cummins Inc.
• Headquarters: Columbus, Indiana, United States (Cummins Inc., listed on the NYSE as CMI); Cummins India Limited is based in Pune
• In India: Cummins India Limited (listed on the BSE and NSE), operating in India since 1962, with a technical centre and office campus in Pune