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Job Description
The Corporate Engineering Financial Analyst is responsible for preparing financial analyses and reports to support department managers and engineering leadership. This role partners closely with Corporate Engineering and Shared Lab teams to support monthly and year-end close activities, budgeting, forecasting, financial performance analysis, and cost recovery processes. The position plays a key role in ensuring accurate financial reporting, operational efficiency, and alignment of engineering activities with financial targets and corporate guidelines.
Key Responsibilities
- Support monthly and year-end financial close activities, ensuring accurate and timely submission of all financial entries
- Prepare, consolidate, and analyze financial and statistical data, including variance analysis, trend insights, and cost analysis
- Conduct comprehensive financial reviews to monitor operational costs, efficiency, risks, and variances
- Partner with assigned organizational units to develop annual budgets, expense forecasts, staffing forecasts, and AOPs
- Support forecasting and AOP preparation in collaboration with engineering leaders to align operational plans with financial targets
- Perform effort-based billing rate calculations to ensure appropriate cost recovery and compliance with corporate guidelines
- Manage invoicing activities, including preparation, validation, submission, and follow-up to ensure timely recoveries
- Handle end-to-end financial processes to support smooth functioning of Corporate Engineering Responsibility Centers (RCs)
- Review and approve test quotations submitted for Shared Lab requests
- Identify appropriate testing rates using cost models and market benchmarking
- Define, review, and update Equipment Rates and Testing Rates annually in collaboration with Lab teams
- Perform post-billing analysis to evaluate actual costs, recoveries, and potential losses, and allocate results to respective Business Units
- Prepare financial performance reports, variance explanations, and insights for department managers and stakeholders
- Execute special projects and ad-hoc financial analyses as assigned
Skills and Experience
Experience
- Minimal relevant professional work experience in Finance, Accounting, or a related field
- Financial analysis, including trend analysis, variance analysis, and cost monitoring
- Financial reporting and consolidation in support of business decision-making
- Budgeting, forecasting, and AOP preparation
- Invoicing, billing rate calculations, and cost recovery processes
- Knowledge of US Generally Accepted Accounting Principles (US GAAP) and compliance requirements
- Ability to ensure integrity and accuracy of financial data and investigate variances
- Strong analytical skills with attention to detail
- Experience in end to end financial and accounting process for multiple or specific business unit.
- Strong communication and stakeholder management.
- Action Oriented: Takes initiative and approaches challenges with urgency and energy
- Collaborates: Builds strong partnerships to achieve shared objectives
- Communicates Effectively: Delivers clear, audience-appropriate financial insights
- Business Partnering: Influences decision-making by demonstrating strong business and financial understanding
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- Financial Analysis & Reporting: Translates financial data into meaningful insights aligned with organizational goals
- Optimizes Work Processes: Focuses on efficiency, accuracy, and continuous improvement
- Nimble Learning: Adapts quickly and learns from experience
- Self-Development & Self-Awareness: Actively seeks growth and applies feedback
- Values Differences: Embraces diverse perspectives and cultures
Qualifications
Looking for qualified CA / CMA with 3 or more years of corporate experience. Preferably in a shared service or captive setup would be an added advantage.
Job Finance
Organization Cummins Inc.
Role Category On-site with Flexibility
Job Type Exempt - Experienced
ReqID 2424879
Relocation Package No
100% On-Site No
Skills
AccountingAccounting PrinciplesBudgetingFinancial Analysis & ReportingFinancial Performance AnalysisCost AnalysisGaapInvoicingRecoveryCaFinancial AnalystFinanceBillingIf an employer asks you to pay any kind of fee, please notify us immediately. Jobaaj does not charge any fee from the applicants and we do not allow other companies also to do so.
About Company
Cummins is a place big enough to coach and develop a global workforce and create the world’s leading clean engine technology. We’re also small enough for you to find your fit and personal passion with a team of dependable, innovative thinkers who are developing their careers within a diverse, inclusive, empowering environment. Cummins Inc., a global power technology leader, is a corporation of complementary business units that design, engineer, manufacture, distribute, and service engines and related technologies, including fuel systems, controls, air handling, filtration, emission solutions, and electrical power generation systems.
Headquartered in Columbus, Indiana, we employ over 58,000 people worldwide and serve customers in approximately 190 countries and territories through a network of more than 600 company-owned and independent distributor locations and approximately 7,400 dealer locations. Cummins had a net income of nearly $1 billion and revenues of $20.4 billion in 2017.
Cummins in India designs, manufactures, distributes and services diesel and alternative fuel engines from 2.8 to 95 liters, diesel and alternative-fueled power generator sets of up to 3000 kW (3750 kVA), as well as related components and technology.
Part of the US $23.6 billion Cummins Inc., Cummins in India serves customers through our network of 3 Generator Original Equipment Manufacturers (GOEMs), 21 dealerships and more than 120 dealership branch offices in India
Important dates & deadlines?
Application Deadline
15 Jul 26, 01:37 PM IST
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Corporate Engineering Financial Analyst
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