Finance Associate - Level II

DESCRIPTION

The Finance Associate – Level II supports core financial analysis, reporting, budgeting, and forecasting activities with a strong focus on Government Incentives (PLI). The role prepares basic financial analyses and management reports, supports compliance and audit requirements, and contributes to daily financial operations. The position operates under moderate supervision and collaborates with cross-functional stakeholders to ensure financial accuracy, governance, and statutory compliance.

Key Responsibilities Government Incentives (PLI Focus)

• Manage end-to-end Production Linked Incentive (PLI) processes, including eligibility assessment, data validation, cost-benefit analysis, documentation, compliance adherence, audit support, and claim submissions.
• Monitor changes in government policies and guidelines and ensure alignment with statutory and regulatory requirements.
• Drive internal controls, governance frameworks, and reporting for all incentive-related activities.

Financial Reporting & Analysis

• Prepare basic financial reports for management, including reviews of key areas of emphasis and follow-up actions.
• Analyze financial data to support departmental budgets and forecasts.
• Explain expense variances and support initiatives to improve cost awareness across the organization.
• Load actuals and forecast data into financial systems in a timely and accurate manner.

Financial Operations & Processes

• Support daily financial processes including purchase requisitions, invoice reconciliation, supplier payments, check requests, and responses to monthly budget-related queries.
• Participate in special projects as assigned and complete ad hoc reporting requests as required.

RESPONSIBILITIES

Skills & Competencies

Technical & Functional Skills

• Financial Analysis: Ability to interpret financial data, analyze trends and variances, identify risks and opportunities, and provide insights to stakeholders.
• Financial Reporting: Ability to prepare, summarize, and present financial information in compliance with regulatory and stakeholder requirements.
• Knowledge of budgeting, forecasting, variance analysis, and financial systems.
• Understanding of internal controls, compliance, and audit support processes.

Behavioral Competencies

• Action Oriented: Takes initiative and approaches challenges with urgency and energy.
• Communicates Effectively: Delivers clear, audience-appropriate communication across multiple formats.
• Customer Focus: Builds strong relationships and delivers customer-centric financial support.
• Decision Quality: Makes sound, timely decisions aligned with business priorities.
• Instills Trust: Demonstrates integrity, honesty, and accountability.
• Nimble Learning: Adapts quickly, learns from experience, and applies insights to new challenges.
• Values Differences: Respects and leverages diverse perspectives and cultural backgrounds.

Experience Required

• 2 to 3 years of relevant work experience in finance, accounting, reporting, or related areas OR
• Intermediate-level knowledge gained through education, training, or on-the-job experience.

QUALIFICATIONS

Qualifications

Education, Licenses & Certifications

• High school diploma or certificate of completion of secondary education or equivalent experience, as permitted by applicable regulations.

Job Finance

Organization Cummins Inc.

Role Category On-site with Flexibility

Job Type Office

ReqID 2424627

Relocation Package No

100% On-Site No