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Financial Analyst

  • Job
    Full-time
    Entry Level
  • Accounting & Tax
  • Indore

AI generated summary

  • You must have a degree in Finance, Accounting, or a related field, minimal relevant experience, and a Chartered Accountant or equivalent qualification.
  • You will prepare financial reports, collaborate on budgets, support month-end closures, analyze data for insights, handle special projects, load financial data, explain variances, and guide business partners.

Requirements

  • College, university, or equivalent degree in Finance, Accounting or related field required.
  • Minimal relevant professional work experience in the field of study required.
  • Chartered Accountant or equivalent degree in finance.

Responsibilities

  • Prepare and present financial analyses and reports for department managers.
  • Collaborate with assigned organizational units to develop annual budgets, expense and staffing forecasts, and statistical reporting.
  • Support the month-end close process, ensuring accurate financial consolidation and reporting.
  • Analyze financial data, including trends, variances, and cost analysis, to provide insight into the organization’s financial performance.
  • Execute special projects and ad-hoc financial reporting as assigned by leadership.
  • Load actual and forecast data into the financial system.
  • Prepare and explain expense variances, heightening spending awareness within the organization.
  • Provide guidance to business partners to ensure alignment with organizational goals and strategies.

FAQs

What are the key responsibilities of a Financial Analyst in this role?

The key responsibilities include preparing and presenting financial analyses and reports, collaborating with organizational units to develop annual budgets and forecasts, supporting the month-end close process, analyzing financial data, executing special projects, and providing guidance to business partners.

What qualifications are required for this Financial Analyst position?

A college, university, or equivalent degree in Finance, Accounting, or a related field is required. Additionally, a Chartered Accountant or equivalent degree in finance is preferred, along with minimal relevant professional work experience.

What competencies are necessary for success in this role?

Necessary competencies include being action-oriented, collaborative, capable of effective communication, demonstrating self-awareness, exhibiting nimble learning, optimizing work processes, focusing on self-development, valuing differences, and strong business partnering skills.

Is there a relocation package available for this position?

Yes, there is a relocation package available for this position.

What type of financial reporting is expected in this role?

The Financial Analyst is expected to analyze financial data, summarize results in compliance with regulations, prepare presentations of financial information, and partner with stakeholders to drive financial performance aligned with organizational goals.

Who does the Financial Analyst collaborate with in this role?

The Financial Analyst collaborates with assigned organizational units, department managers, and stakeholders to align financial strategies with organizational goals and to support decision-making processes.

Are there opportunities for professional development in this position?

Yes, the role encourages self-development, actively seeking new ways to grow and be challenged through both formal and informal development channels.

What is the work environment for this Financial Analyst position?

The position is classified as hybrid, allowing for a combination of remote work and in-office collaboration.

What financial principles and standards must the Financial Analyst be familiar with?

The Financial Analyst must be familiar with US Generally Accepted Accounting Principles (GAAP) to ensure compliance in financial reporting and analysis.

What types of analyses will the Financial Analyst conduct?

The Financial Analyst will conduct trend analysis, variance analysis, cost analysis, and evaluations of financial performance to provide insights to stakeholders regarding financial impact and opportunities for business improvement.

Automotive
Industry
10,001+
Employees
1919
Founded Year

Mission & Purpose

At Cummins, we empower everyone to grow their careers through meaningful work, building inclusive and equitable teams, coaching, development and opportunities to make a difference. Across our entire organization, you'll find engineers, developers, and technicians who are innovating, designing, testing, and building. You'll also find accountants, marketers, as well as manufacturing, quality and supply chain specialists who are working with technology that's just as innovative and advanced. From your first day at Cummins, we’re focused on understanding your talents, current skills and future goals – and creating a plan to get you there. Your journey begins with planning your development and connecting to diverse experiences designed to spur innovation. From our internships to our senior leadership roles, we attract, hire and reward the best and brightest from around the world and look to them for new ideas and fresh perspectives.

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