
Accounting Associate
- Bangalore, Karnataka
- Permanent
- Full-time
- From the outset, incumbent will be expected to be a contributing performer, doing staff level accounting work that supports business processes.
- Gain an understanding of Caterpillar’s business and accounting practices, systems, and procedures.
- Learn and develop skills which result from the practical application of basic accounting knowledge, and
- Aid a project team or others in the work group.
- Cost system maintenance
- Normals & machine rate development
- Abnormals identification & reporting
- Prime product and/or component cost monitoring & analysis
- Operations and/or product group budgeting and expense analysis
- Capital expenditure forecasting and reporting
- Standard and current cost grief resolution
- Support management with analysis for decision making in various projects and cost reduction programs
- New product Introduction (NPI) comprehensive support which includes determining discounted cash flow (DCF) and Internal rate of return of different projects
- Regional profitability reporting & analysis
- NPI support including future cost, should cost, alternative analyses and strategy
- OPACC determination & analysis
- Enterprise coordination and/or governance of costing activities
- Product group and/or operational strategy development & execution
- Low-cost producer analysis
- Post implementation audit (PIA) completion
- Development of new/alternative costing methodologies, processes, and/or systems
- The variety of accounting tasks ranges from low to medium complexity. Interaction outside the workgroup is typically with peers. As the Accountant gains experience, he/she will develop a technical understanding of more complex accounting issues and expand their decision-making capability.
- Accountants will continuously learn through training and experience. Learning at this level will focus on methods, processes and systems applied to accounting, developing communications skills and building
- Requires a fresher Certified Management accountant. (CMA)
- CA or CMA inter with 3-5 years of experience, postgraduate or an MBA.
- Good accounting background, thorough knowledge of accounting flow and related methods of recording in the General Ledger and knowledge in SAP environment (FI, MM & CO Module).
- Effective communications skills and a good understanding of computer systems especially in MS-Office and Financial Analytics Tool (Power BI, Tableau, Power Apps. etc.).
- Must demonstrate strong leadership, initiative, inter-personal skills, and ability to communicate effectively.
- This position requires candidate to work a 5-day -a -week schedule in the office
Level Extensive Experience:
- Evaluates and makes contributions to best practices.
- Processes large quantities of detailed information with high levels of accuracy.
- Productively balances speed and accuracy.
- Employs techniques for motivating personnel to meet or exceed accuracy goals.
- Implements a variety of cross-checking approaches and mechanisms.
- Demonstrates expertise in quality assurance tools, techniques, and standards.
Level Extensive Experience:
- Seeks discrepancies and inconsistencies in available information; explains variances.
- Organizes and prioritizes the sequence of steps to be taken to remedy the situation.
- Identifies many possible causes for a problem based on prior experience and current research.
- Quantifies the costs, benefits, risks and chances for success before recommending a course of action.
- Approaches a complex problem by breaking it down into its component parts.
- Chooses among a diverse set of analytical tools according to the nature of the situation.
Level Working Knowledge:
- Applies an assigned technique for critical thinking in a decision-making process.
- Identifies, obtains, and organizes relevant data and ideas.
- Participates in documenting data, ideas, players, stakeholders, and processes.
- Recognizes, clarifies, and prioritizes concerns.
- Assists in assessing risks, benefits and consideration of alternatives.
Level Working Knowledge:
- Delivers helpful feedback that focuses on behaviors without offending the recipient.
- Listens to feedback without defensiveness and uses it for own communication effectiveness.
- Makes oral presentations and writes reports needed for own work.
- Avoids technical jargon when inappropriate.
- Looks for and considers non-verbal cues from individuals and groups.
- Work Life Harmony
- Earned and medical leave.
- Relocation assistance
- Personal and professional development through Caterpillar ‘s employee resource groups across the globe
- Career developments opportunities with global prospects
- Medical coverage -Medical, life and personal accident coverage
- Employee mental wellness assistance program
- Employee investment plan
- Pay for performance -Annual incentive Bonus plan.