Accountant

Career Area:

Job Description:

Your Work Shapes the World at Caterpillar Inc.

When you join Caterpillar, you're joining a global team who cares not just about the work we do – but also about each other.  We are the makers, problem solvers, and future world builders who are creating stronger, more sustainable communities. We don't just talk about progress and innovation here – we make it happen, with our customers, where we work and live. Together, we are building a better world, so we can all enjoy living in it.

Job Description

Your Impact Shapes the World at Caterpillar Inc

When you join Caterpillar, you're joining a global team who cares not just about the work we do – but also about each other. We are the makers, problem solvers and future world builders who are creating stronger, more sustainable communities. We don't just talk about progress and innovation here – we make it happen, with our customers, where we work and live. Together, we are building a better world, so we can all enjoy living in it.

Job Summary

We are seeking a skilled Accountant  to join our team who will have the opportunity to champion our Global Finance Transformation by providing quality analysis from our new Center of Excellence. 

You will independently perform variety of accounting functions and will accomplish a high level of compilation of data and detailed analysis of business unit/s results. The accountant identifies relevant data and data sources, gathers and analyses the information, and provides feedback. Typically, decisions will impact relatively low risk issues and will be reviewed by a supervisor.

From the outset, incumbent will be expected to be a contributing performer, doing staff level accounting work that supports business processes. Additionally, this position will:

• 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
• Provide assistance to a project team or others in the work group.

The preference for this role is to be based out of Bangalore, Whitefield Office

What you will do

These are the wide range of accounting activities those are being performed at COE.  Individual Job Duties/Responsibilities may include:

Manufacturing Accounting:

• Support management in taking decisions in various projects and cost reduction programs. Cost analysis and root cause of its variance. Participate in business unit book closing and submission of all require input and reports to corporate and stake holders.
• Reporting of inventory metrics to leadership, timely and accurately. Calculation and reporting of Inventory aging, excess, surplus, obsolete etc. per CAT guidelines.
• Balance Sheet review and analysis
• Review and analysis of manufacturing metrics

Capital Management: Capital expenses accurate accounting in the Capital Management System (CMS), prepare and evaluate accounting papers, review and approve accuracy of fixed asset and GAAP compliance.

Financial Analysis: accomplish a high level of compilation with a broad range of accounting analysis, review data input, advise internal customers on accuracy of cost data, generate reports and provide commentary to leadership on costs accuracy, to serve as a cost governance person. Use of statistical tools – simulations will be required to support decision making. Analysis of P&L statement and balance sheet.

Decision Support: Support management in taking costing decisions in various projects and cost reduction programs. Helping in estimating various forecast and budget scenarios as needed based on changing business conditions.

Performing Complex Staff Work: Provides technical guidance and expertise on highly complex accounting issues such as preparing financial results analysis for upper-level management, providing forecast data, etc. Leads initiatives outside team to represent the group (e.g. documenting processes, making presentations).

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.

What you will have 

• Requires a certified accountant (CA/CMA) with college degree in accounting and 3-4 years of experience in accounting preferably in a manufacturing environment.
• 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 etc).

Top Candidates Will Also Have:

• Strong background in accounting, cost accounting, investment analysis, Fixed Asset Accounting.
• Strong analytical skills are required to perform detailed financial analysis and strategic plans
• Understanding the necessity and value of accuracy; ability to complete tasks with high levels of precision.
• Knowledge of techniques and tools that promote effective analysis; ability to determine the root cause of organizational problems and create alternative solutions that resolve these problems.
• Knowledge of the decision-making process and associated tools and techniques; ability to accurately analyze situations and reach productive decisions based on informed judgment.
• Understanding of effective communication concepts, tools and techniques; ability to effectively transmit, receive, and accurately interpret ideas, information, and needs through the application of appropriate communication behaviors.

Skills desired:

Accuracy and Attention to Detail: Understanding the necessity and value of accuracy; ability to complete tasks with high levels of precision.
Level Working Knowledge:
• Accurately gauges the impact and cost of errors, omissions, and oversights.
• Utilizes specific approaches and tools for checking and cross-checking outputs.
• Processes limited amounts of detailed information with good accuracy.
• Learns from mistakes and applies lessons learned.
• Develops and uses checklists to ensure that information goes out error-free.
Analytical Thinking: Knowledge of techniques and tools that promote effective analysis; ability to determine the root cause of organizational problems and create alternative solutions that resolve these problems.
Level Working Knowledge:
• Approaches a situation or problem by defining the problem or issue and determining its significance.
• Makes a systematic comparison of two or more alternative solutions.
• Uses flow charts, Pareto charts, fish diagrams, etc. to disclose meaningful data patterns.
• Identifies the major forces, events and people impacting and impacted by the situation at hand.
• Uses logic and intuition to make inferences about the meaning of the data and arrive at conclusions.
Effective Communications: Understanding of effective communication concepts, tools and techniques; ability to effectively transmit, receive, and accurately interpret ideas, information, and needs through the application of appropriate communication behaviors.
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.
Managing Multiple Priorities: Knowledge of effective self-management practices; ability to manage multiple concurrent objectives, projects, groups, or activities, making effective judgments as to prioritizing and time allocation.
Level Working Knowledge:
• Recognizes changing demands and priorities; validates changes with management.
• Obtains information about how current assignments contribute to organizational goals.
• Completes current work according to assigned priorities.
• Responds to day-to-day operational priorities while still making progress on project work.
• Performs at least 2-3 concurrent activities without reducing productivity.
Problem Solving: Knowledge of approaches, tools, techniques for recognizing, anticipating, and resolving organizational, operational or process problems; ability to apply knowledge of problem solving appropriately to diverse situations.
Level Working Knowledge:
• Identifies and documents specific problems and resolution alternatives.
• Examines a specific problem and understands the perspective of each involved stakeholder.
• Develops alternative techniques for assessing accuracy and relevance of information.
• Helps to analyze risks and benefits of alternative approaches and obtain decision on resolution.
• Uses fact-finding techniques and diagnostic tools to identify problems.

What you will get:

• Work Life Harmony
• Earned and medical leave.
• Flexible work arrangements
• Relocation assistance

Holistic Development

• Personal and professional development through Caterpillar ‘s employee resource groups across the globe
• Career developments opportunities with global prospects

Health and Wellness

• Medical coverage -Medical, life and personal accident coverage
• Employee mental wellness assistance program

 Financial Wellness

• Employee investment plan
• Pay for performance -Annual incentive Bonus plan.

 Additional Information:

Caterpillar is not currently hiring individuals for this position who now or in the future require sponsorship for employment visa status; however, as a global company, Caterpillar offers many job opportunities outside of the U.S. which can be found through our employment website at www.caterpillar.com/careers
Caterpillar is an Equal Opportunity Employer (EEO)
EEO/AA Employer. All qualified individuals, including minorities, females, veterans and individuals with disabilities - are encouraged to apply.

Posting Dates:

Caterpillar is an Equal Opportunity Employer (EEO).

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