Job Description
The General Manager – Intercompany manages a global accounting team responsible for intercompany transactions, reconciliations, and consolidation across multiple entities and currencies. This role ensures the accuracy, compliance, and timeliness of intercompany accounting processes while promoting global consistency, operational excellence, and continuous improvement. The incumbent acts as a key liaison between Corporate Accounting, Tax, and other Finance teams to ensure seamless intercompany operations and reporting.
Key Responsibilities
- Manage and oversee the accounting team (including supervisors, accountants, and clerks) responsible for maintaining all intercompany transactions and contra accounts.
- Implement and maintain global intercompany accounting policies, procedures, and systems in alignment with corporate standards.
- Ensure timely execution and reconciliation of intercompany pre-close and post-month-end activities for Corporate and Tax reporting.
- Review, analyze, and validate complex intercompany movements, balance confirmations, and deviations; drive issue resolution promptly.
- Oversee the accuracy of financial reporting in multiple currencies and ensure correct US$ conversion for global consolidation.
- Manage the month-end accounting consolidation and US$ submission process for Cummins entities worldwide.
- Lead and support audit activities, ensuring all intercompany documentation and SOx controls are properly maintained.
- Promote standardized global accounting practices and ensure adherence to service level agreements (SLAs).
- Serve as an escalation point for complex intercompany or accounting issues; make sound, data-driven decisions.
- Drive continuous improvement and operational excellence through process enhancements and quality adoption.
- Manage, coach, and develop supervisors and accounting staff, fostering a culture of accountability, growth, and collaboration.
- Partner with external service providers (e.g., TCS) to oversee outsourced accounting processes and ensure service quality.
- Maintain excellent communication and customer service with all CBS (Cummins Business Services) stakeholders.
- Support planning and forecasting processes by providing insights and analytical support to Finance leadership.
Technical & Professional Skills:
- Strong understanding of intercompany processes , including reconciliation, settlement, and reporting.
- Solid knowledge of SOx compliance , internal controls , and financial regulations .
- Advanced proficiency in ERP systems (SAP or Oracle) and Microsoft Excel .
- Exceptional attention to detail, organization, and ability to meet tight deadlines in a global, fast-paced environment.
- Strong analytical and problem-solving abilities, with a focus on data-driven decision-making.
- Excellent communication and stakeholder management skills across functions and geographies.
- Communicates Effectively: Delivers clear, audience-tailored communication across multiple formats and regions.
- Develops Talent: Builds high-performing teams and develops successors for key roles.
- Directs Work: Prioritizes, delegates, and removes barriers to ensure timely results.
- Manages Complexity: Simplifies complex, high-volume information to enable effective problem-solving.
- Values Differences: Embraces diverse perspectives and fosters an inclusive environment.
- Business Partnering: Builds strong partnerships with stakeholders to influence business outcomes and align financial strategy with organizational goals.
- Business Process and Internal Control Risk Analysis: Identifies control gaps, mitigates risks, and strengthens financial governance.
- Financial Analysis: Interprets data to evaluate performance, identify opportunities, and recommend improvements.
- Financial Internal Controls: Ensures internal controls are in place to mitigate reporting risks and respond to changing business needs.
- Financial Regulations Acumen: Applies regulatory requirements to ensure compliance and educate stakeholders.
- Ensures Accountability: Holds self and others responsible for meeting commitments and delivering high-quality results.
- Decision Quality: Makes timely, well-informed decisions that advance organizational objectives.
- Financial Reporting: Prepares, reviews, and presents accurate financial data and insights to support strategic decisions.
- US GAAP Expertise: Ensures all transactions comply with US GAAP and internal company policies.
- Global role with interaction across multiple regions and functions.
- Flexibility to manage multiple priorities and global time zones.
- May involve occasional travel to global Cummins or partner locations.
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Qualifications, Skills, and Experience:
Education, Licenses, Certifications
- Bachelors or Masters degree in Accounting, Finance, or a related discipline required.
- Professional certifications (CA / CPA / CMA) preferred.
- Minimum 15+ years of progressive experience in intercompany accounting or global finance operations.
- Proven track record managing large teams, including supervisors and indirect reports, in a multinational organization.
- Hands-on experience with multi-currency accounting , global consolidation , and US GAAP reporting.
- Prior experience working in or managing shared services/global business services (GBS/CBS) environments preferred.
Organization Cummins Inc.
Role Category On-site with Flexibility
Job Type Exempt - Experienced
ReqID 2421213
Relocation Package No
100% On-Site No
Skills
AccountingSox ComplianceContra AccountsErp SystemsCorporate AccountingFinancial GovernanceErpGaapIntercompany AccountingReconciliationsTransactionsCaFinanceReconciliationIf 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
16 Jun 26, 03:34 PM IST
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General Manager - Inter Company
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