Accounting Associate

Career Area:

Finance

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 Accounting Associate (Cost Accounting) to join Analytics COE - Manufacturing Tower - Bangalore-Global Finance Services Division .

As Accounting Associate, you will have the opportunity to help This role will be performed in accounting and financial analysis activities supporting manufacturing operations and business processes. The incumbent will independently manage assigned responsibilities, analyze financial and operational data, resolve accounting issues, support business decision-making, and drive improvements in reporting and finance processes.

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

What you will do

• •Incumbent will provide technical expertise and perform complex accounting work that supports business processes. Additionally, this position will:
• •Have a comprehensive understanding of Caterpillar’s business and accounting practices, systems, and procedures,
• •Apply and provide guidance on accounting issues
• •Resolve issues independently
• •Participate on and addressing complex problems
• •Advises and provides guidance to multiple functional areas and levels of authority. Incumbents will demonstrate knowledge and ability to handle accounting issues independently.

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, analysis & Reconciliation

Review and analysis of manufacturing financial 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.

Perform accounting, financial reporting, planning, forecasting, and analytical activities supporting business and finance operations. Analyze financial and operational results, identify trends and variances, and provide actionable insights to Business partner.

· Support financial activities associated with Investments, Fixed Asset, Capital Accounting, Inventory, Products, Materials and various operational performance. Prepare recurring and ad-hoc financial reports, management information, dashboards, and analytical presentations.

· Provide financial analysis and decision support for business initiatives, investments, and operational opportunities. Partner with finance and business stakeholders to understand requirements, resolve issues, and deliver agreed outcomes.

· Maintain accuracy, completeness, and timeliness of financial information and supporting documentation. Operate within established accounting policies, governance frameworks, and internal control requirements.

· Support the standardization and simplification of finance processes across businesses and locations. Identify opportunities to improve productivity through process improvement, automation, analytics, and digital solutions.

· Leverage finance systems, data and analytical tools to improve reporting quality and decision support. Participate in finance transformation and continuous improvement initiatives. Build functional expertise across ACOE service areas and adapt to changing business requirements.

What you will have

• •B. Com with CMA/CA (Semi-Qualified), M. Com, or MBA Finance, with approximately 7-10 years of relevant experience.
• •Strong accounting knowledge, including General Ledger, cost accounting, and manufacturing finance.
• •Working knowledge of SAP FI, MM and CO modules. Strong analytical, problem-solving, and communication skills. Proficiency in MS Office, particularly Excel.
• •Experience with analytics and automation tools such as Power BI, Tableau or Power Apps would be an advantage.
• •Ability to independently manage assigned responsibilities, prioritize deliverables and work effectively with multiple stakeholders. Demonstrated initiative, accountability, collaboration and a continuous-improvement mindset.

• •Flexibility to work in multiple shift timings (APAC, EAME, US)
• •This position requires candidate to work a 5-day -a -week schedule in the office.

Top Candidates Will Also Have:

• •Strong background in accounting, cost accounting, investment analysis, and budget development
• •Strong analytical skills are required to perform detailed financial analysis and strategic plans
• •Excellent interpersonal skills are required to deal with sensitive issues, develop others, or convince others inside and outside the department to take specific actions
• •Prior leadership experience

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 associa