Accounting Associate (Costing)

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.

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 Accounting Associate (Costing) to join our Analytics COE - Costing and NPI - Global Finance Services Division.

The Incumbent would perform staff accounting functions that support business processes and gain experience with Caterpillar accounting practices. 

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

What you will do

• 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
  • Aid a project team or others in the work group.
• Accounting Associate will be exposed to a variety of accounting functions and will accomplish a high level of compilation and basic analysis work, reviewing clerical input and generating reports. The accountant identifies relevant data and data sources, gathers, and analyses the information, and provides feedback.
• Typically, decisions will impact relatively medium to high risk issues and will be reviewed by a supervisor.
• A supervisor will direct work, but this position does not require close supervision to be effective.
  Possible areas of responsibility are varied, including:
• 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

What you will have.

• Requires a fresher certified accountant (CA/CMA) with college degree in accounting and 2+ years of experience in accounting preferably in a manufacturing environment.
• Part Qualified with 6 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.

  Skills desired:

Accuracy and Attention to Detail : Understanding the necessity and value of accuracy; ability to complete tasks with high levels of precision.
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.

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 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.

Decision Making and Critical Thinking: Knowledge of the decision-making process and associated tools and techniques; ability to accurately analyze situations and reach productive decisions based on informed judgment.
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.

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.

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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