Job Description

DESCRIPTIONKey Responsibilities:

• Maintain standard costs of raw materials, machines, and finished goods.
• Ensure accurate identification and recording of costs in the system.
• Prepare month-end costing reports and highlight variances between estimated and actual operations.
• Conduct analysis of machine hour rate calculation, inventory valuation, variance analysis, etc.
• Prepare cost audit reports.
• Estimate costs for new products.
• Reserve working E&O (Excess and Obsolete) & NRV (Net Realizable Value).
• Lead the API (Application Programming Interface) for the plant.
• Handle month-end costing accrual and lead the month close for the Business Unit.
• Set up costing in Oracle for new products and check routing for current products.
• Support other plant-related issues (GR Waiver, FA related activities, AP/AP).

Additional Responsibilities:

• Run monthly cost updates and/or prepare standard cost data including annual cost roll-up.
• Maintain cost master; create and maintain costing for new items.
• Develop and conduct basic cost audits and cost analysis.
• Analyze cost variances (IPV/PPV) and monthly movements, determine root causes, and prepare recommendations for improvements.
• Identify data analysis needs and work with appropriate departments to obtain data regularly.
• Prepare analysis and draft presentation materials for review by the supervisor.
• Assist in the inventory valuation process.

RESPONSIBILITIESQualifications:

• CA (Chartered Accountant) or ICWA (Institute of Cost and Works Accountants) certification.
• College, university, or equivalent degree in Accounting, Finance, or a related field, or studying for accounting entry qualifications.

Competencies:

• Business Partnering: Collaborates with stakeholders and develops partnerships to drive performance that aligns with organizational goals and strategies.
• Financial Analysis: Interprets financial data by analyzing trends, variances, opportunities, and risks to provide insight to stakeholders.
• Financial Internal Controls: Leverages internal control framework by assessing internal controls and developing remediation plans.
• Financial Reporting: Analyzes financial data and prepares and presents financial information to support business decisions.
• Product Costing: Establishes total material costs and develops labor and overhead rates to ensure inventory is costed in compliance with company policies.
• US Generally Accepted Accounting Principles: Evaluates US accounting standards to record transactions in compliance with requirements and company policies.

QUALIFICATIONSExperience:

• Minimal relevant professional work experience in the field of study required.
• Action-oriented: Taking on new opportunities and tough challenges with a sense of urgency, high energy, and enthusiasm.
• Balances stakeholders: Anticipating and balancing the needs of multiple stakeholders.
• Collaborates: Building partnerships and working collaboratively with others to meet shared objectives.
• Communicates effectively: Developing and delivering multi-mode communications that convey a clear understanding of the unique needs of different audiences.
• Nimble learning: Actively learning through experimentation when tackling new problems, using both successes and failures as learning fodder.
• Self-development: Actively seeking new ways to grow and be challenged using both formal and informal development channels.
• Values differences: Recognizing the value that different perspectives and cultures bring to an organization.

Job FinanceOrganization Cummins Inc.Role Category HybridJob Type Exempt - ExperiencedReqID 2401749Relocation Package No

Cummins