ACCOUNTING ASSOCIATE - LEVEL I

DESCRIPTION

As a Finance Associate at Cummins, you will support core accounting functions including account reconciliation, journal entry preparation, and financial analysis. This role plays a key part in ensuring accurate financial reporting and compliance with internal controls and regulatory standards. You will work closely with internal teams, auditors, and business units to support monthly close processes and financial operations.

Key Responsibilities

• Prepare Balance Sheet Reconciliations for Accounts Receivable and Prepaid Expense Accounts.

• Support Warranty Accounting activities and related financial processes.

• Prepare and communicate Retention Schedules by Day 4 to the GCA FA team.

• Collaborate with Business Units and CBS Service Lines to resolve open financial items.

• Work with CGA CTB Team to record and amortize prepaid expenses, including employee medical insurance.

• Record and amortize Corporate Social Responsibility (CSR) contributions monthly.

• Maintain SOX (Sarbanes-Oxley) documentation for Balance Sheet Reconciliation processes.

• Respond to inquiries from management, internal/external auditors, and SOX audit teams regarding financial results and reporting.

• Assist in compiling, consolidating, and analyzing financial data.

• Support the preparation of journal entries and financial exhibits for reports.

• Participate in ad hoc financial projects and reporting tasks as needed.

RESPONSIBILITIES

Qualifications

• High school diploma or equivalent; additional education in accounting or finance is a plus.

• Completion of secondary education or equivalent experience that meets applicable regulations.

Competencies

• Financial Analysis : Ability to interpret financial data, analyze trends, and communicate insights.

• Financial Internal Controls : Understanding of internal control frameworks and risk mitigation.

• Financial Regulations Acumen : Knowledge of relevant financial regulations and compliance requirements.

• Values Differences : Appreciates diverse perspectives and cultural backgrounds.

• Action Oriented : Demonstrates urgency and enthusiasm in tackling challenges.

• Effective Communication : Tailors communication to different audiences clearly and effectively.

• Customer Focus : Builds strong relationships and delivers customer-centric solutions.

• Decision Quality : Makes timely, sound decisions to support business objectives.

• Nimble Learning : Learns from experience and adapts quickly to new challenges.

QUALIFICATIONS

Experience

• Minimal or no prior work experience required.

• Internship or academic project experience in accounting or finance is advantageous.