DESCRIPTION
The Accountant is responsible for performing general accounting duties required to maintain the department's general ledger and ensure accurate financial reporting. The role involves preparing financial analyses of the department's chart of accounts, identifying and analyzing variances, and ensuring compliance with relevant tax laws. This position requires coordination with internal and external auditors, Sarbanes-Oxley audit groups, and various stakeholders to provide financial insights and maintain the integrity of financial data. The Accountant plays a key role in ensuring the organization's financial operations are conducted in compliance with accounting standards and regulatory requirements.
Key Responsibilities:
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- Tax Compliance Support:
- Provide assistance in both Indirect and Direct Tax compliances for the unit, in consultation with the Central Tax Team.
- Support indirect tax compliances, including preparing and reviewing data for all GST Returns and tax reconciliations.
- Assist the Central Tax Team in tax litigation matters concerning the unit.
- Review monthly TDS details and quarterly returns.
- Support audits such as Transfer Pricing Audits, GST Annual Audits, Tax Audits, and audits by tax authorities.
- Conduct 26AS reconciliation and resolve reconciling items.
- Prepare and review data required by the Central Tax Team, including advance tax and income tax computations.
- Manage the implementation of law changes in consultation with the Central Tax Team.
- Billing Management:
- Manage intercompany and external billing for services provided by the unit.
- General Accounting Duties:
- Analyze, record, and report accounting transactions in a timely manner.
- Prepare general ledger entries and perform account reconciliations.
- Respond to inquiries from management, internal and external auditors, and special reporting requests.
- Maintain the confidentiality of financial information to protect the organization's value.
- Budgeting & Forecasting
- Support in drawing up annual budgets and periodic forecasts for the unit
- Support in analysing and reporting variances from budgets / forecasts
RESPONSIBILITIES
Experience:
- Qualified CA with 2+ years of experience into Accounting and Tax related activities.
Competencies:
- Values Differences: Recognizes the value that different perspectives and cultures bring to the organization.
- Action Oriented: Takes on new opportunities and tough challenges with a sense of urgency, high energy, and enthusiasm.
- Collaborates: Builds partnerships and works collaboratively with others to meet shared objectives.
- Communicates Effectively: Develops and delivers clear, multi-mode communications tailored to different audiences.
- Ensures Accountability: Holds self and others accountable for meeting commitments.
- Nimble Learning: Actively learns through experimentation, using successes and failures as learning opportunities.
- Self-Development: Actively seeks new ways to grow and be challenged, utilizing both formal and informal channels.
- Financial Analysis: Interprets financial data to analyze trends, variances, opportunities, and risks to drive business improvement. Evaluates results against targets and communicates findings to stakeholders.
- Financial Internal Controls: Assesses and implements internal controls to mitigate financial reporting risks and adapt to changing business needs.
- Financial Regulations Acumen: Understands and applies relevant financial regulations (tax, banking, pension, etc.) to ensure transactions comply with regulatory standards. Educates stakeholders on key regulations.
- US Generally Accepted Accounting Principles (GAAP): Evaluates and applies US accounting standards to record transactions in compliance with GAAP and company policies. Communicates accounting requirements to stakeholders with varying financial expertise.
QUALIFICATIONS
Qualifications:
- A college, university, or equivalent degree in Accounting, Finance, or a related field is required.
- Must have CA or CWA.
Job Finance
Organization Cummins Inc.
Role Category Hybrid
Job Type Exempt - Experienced
ReqID 2405489
Relocation Package No