DESCRIPTION

The Accounting Associate – Level I supports core accounting and finance operations, including cash flow management, banking operations, month-end close activities, and regulatory compliance. This role assists with account reconciliation, journal entries, financial analysis, and reporting, while ensuring compliance with internal controls and applicable financial regulations. The position operates under direct supervision and works closely with internal stakeholders, banks, auditors, and cross-functional teams to support accurate financial reporting and efficient financial operations.

Key Responsibilities Cash Flow & Treasury Operations

• Monitor daily cash flows and manage surplus or deficit positions through investments and redemptions (e.g., mutual funds).
• Maintain investment-related accounting, including preparation of investment registers, fixed deposit and bond documentation, interest calculations, and TDS workings.

Month-End Close & Accounting Support

• Assist with month-end close activities, including preparation and posting of basic journal entries.
• Support monthly and annual account reconciliations under supervision.
• Prepare schedules and upload required documentation to ARM or other reporting tools on a monthly basis.
• Assist with compiling, consolidating, and conducting basic analysis of accounting and finance data.

Regulatory & Compliance Activities

• Support FEMA compliance activities, including GR waiver issuance, closure, and MIS reporting.
• Coordinate extension requests for unrealized aged export transactions, ensuring timely monthly submissions with CS, BU, and banking teams.
• Ensure transactions comply with applicable financial regulations, banking requirements, and internal control frameworks.

Banking & Audit Coordination

• Support banking operations, including documentation, KYC processes, and onboarding users for online banking platforms.
• Coordinate with Corporate Treasury (CTB), Tax teams, banks, and auditors during statutory, quarterly, and tax audits.
• Assist with LC/BG issuance by coordinating with banks as per business requirements.

Operational & Stakeholder Support

• Generate purchase orders for vendors as required.
• Prepare tables, charts, MIS reports, and other exhibits for internal and external reporting.
• Work closely with internal and external stakeholders to support finance and accounting activities.
• Perform ad hoc accounting and reporting requests and participate as a team member in basic finance projects.

RESPONSIBILITIES

Skills & Competencies

Core Technical & Functional Skills

• Basic accounting and financial analysis skills, including understanding of journal entries, reconciliations, and financial schedules.
• Knowledge of cash flow management, banking operations, and investment accounting.
• Familiarity with financial regulations, including FEMA, banking norms, and internal controls.
• Ability to interpret financial data, analyze variances, and support corrective actions.

Behavioral & Leadership Competencies

• Action Oriented: Takes on new opportunities and challenges with urgency and enthusiasm.
• Communicates Effectively: Clearly conveys requirements, regulations, and information to diverse audiences.
• Customer Focus: Builds strong relationships and delivers customer-centric finance solutions.
• Decision Quality: Supports timely and informed decision-making through accurate data and analysis.
• Nimble Learning: Learns actively from experience and adapts to new processes and regulations.
• Values Differences: Recognizes and values diverse perspectives and cultures within the organization.

Experience

• 3+ years of experience in Finance or Accounting roles, preferably with exposure to treasury, banking operations, compliance, or month-end close activities.
• Experience coordinating with banks, auditors, and cross-functional teams is preferred.

QUALIFICATIONS

Qualifications

Education

• Post Graduation in Commerce (M.Com) or equivalent.
• Diploma in Direct Tax Laws (DTL) preferred.
• High school diploma or equivalent experience meeting applicable regulations is the minimum requirement.

Job Finance

Organization Cummins Inc.

Role Category On-site with Flexibility

Job Type Office

ReqID 2423100

Relocation Package No

100% On-Site Yes

Due to the operational nature and specific job duties of this role, work is required to be completed 100% in person/On-site.