DESCRIPTION

The Accounts Payable Analyst provides analytical and operational support as a member of the Accounts Payable (AP) team, ensuring accurate, timely, and compliant execution of AP processes for assigned India ABO entities. The role focuses on delivering high-quality financial reporting, driving process standardization and automation, strengthening internal controls, and enhancing customer experience through proactive stakeholder engagement and business partnering.

Key Responsibilities Operational Excellence & Month-End Close

• Complete all month-end close activities accurately and on time (by WD 3), ensuring “right-first-time” delivery.
• Prepare and submit CMI and IGAAP reconciliations for assigned Business Units accurately and within timelines.
• Prepare audit schedules including Trade Payables, AP Debit Balances, MSME, and AP Sub-Ledger Variance.
• Prepare AP Packs for Balance Sheet reviews.
• Perform SOx and/or IFC controls for the AP function, maintain supporting documentation, and ensure timely corporate submissions.
• Provide timely support during audits, reviews, and control testing for assigned Business Centers.
• Prepare, analyze, and review AP ageing reports; drive resolution of aged and outstanding items.

Analytics & Reporting

• Prepare analyses, statistical reports, and insights for the Accounts Payable team.
• Interpret financial data by analyzing trends, variances, risks, and opportunities.
• Provide recommendations for improvements in processes and controls.
• Ensure integrity of financial data by investigating discrepancies and implementing corrective actions.

Process Improvement & Automation

• Identify opportunities for standardization across AP workstreams while respecting unique Business Unit requirements.
• Explore automation opportunities to improve efficiency and reduce manual interventions.
• Prepare, maintain, and revise Standard Operating Procedures (SOPs) as required.
• Participate in and execute special projects and continuous improvement initiatives.

Stakeholder Management & Business Partnering

• Foster strong partnerships with Business Units and cross-functional Finance teams.
• Arrange and lead review meetings with stakeholders to enhance business effectiveness.
• Document meeting minutes (MOM), track action items, and ensure timely closure.
• Address escalations and critical cases with urgency; proactively elevate risks to avoid service disruptions.
• Serve as a trusted advisor to stakeholders, driving a customer-focused culture and enhancing overall service delivery experience.

RESPONSIBILITIES

Skills & Competencies

Core Behavioral Competencies

• Action Oriented – Takes initiative and handles challenges with urgency and energy.
• Collaborates – Builds partnerships and works effectively across teams.
• Communicates Effectively – Conveys information clearly to diverse stakeholders.
• Customer Focus – Builds strong relationships and delivers customer-centric solutions.
• Drives Results – Consistently achieves goals even under tight timelines.
• Instills Trust – Demonstrates integrity, transparency, and accountability.
• Nimble Learning – Learns from experience and adapts to change.
• Self-Development – Actively seeks growth and learning opportunities.
• Values Differences – Embraces diverse perspectives and inclusive practices.

Functional Competencies

• Business Partnering – Collaborates with stakeholders to align financial processes with business strategy; provides financial insights to support decision-making.
• Financial Analysis – Analyzes financial results, identifies trends and variances, and communicates insights to stakeholders.
• Strong knowledge of Accounts Payable processes and controls.
• Working knowledge of SOx/IFC controls and audit requirements.
• Strong analytical and problem-solving skills.
• Proficiency in MS Excel and ERP systems (SAP or similar preferred).
• Basic understanding of automation tools and process improvement methodologies.

Experience

• Minimal relevant work experience required.
• Experience in Accounts Payable, financial reporting, reconciliations, or shared services environment preferred.
• Exposure to month-end close, audits, and internal controls is an advantage.

QUALIFICATIONS

Qualifications

• College, university, or equivalent degree in Accounting, Finance, or related field required.
• Professional certifications (e.g., CA Inter, CMA Inter, CPA – preferred but not mandatory).
• Understanding of Indian GAAP (IGAAP) and internal financial controls preferred.

Job Finance

Organization Cummins Inc.

Role Category On-site with Flexibility

Job Type Exempt - Experienced

ReqID 2425865

Relocation Package No

100% On-Site No