Accounting Associate - Level I

Job Summary:

Assists with account reconciliation, analysis, journal entry preparation and data entry. Assists with the month-end close process. Performs activities under direct supervision.

 

Key Responsibilities:

Assists with compiling, consolidating and conducting basic analysis of accounting and finance information. Assists with preparation of basic journal entries. Provides assistance with monthly and annual account reconciliations, under direct supervision. Assists with preparation of tables, charts, and other exhibits for reports. May perform basic accounting projects or participate as a team member in basic projects. Performs ad hoc reporting requests as needed. Competencies:
Values differences - Recognizing the value that different perspectives and cultures bring to an organization.

Action oriented - Taking on new opportunities and tough challenges with a sense of urgency, high energy, and enthusiasm.

Communicates effectively - Developing and delivering multi-mode communications that convey a clear understanding of the unique needs of different audiences.

Customer focus - Building strong customer relationships and delivering customer-centric solutions.

Decision quality - Making good and timely decisions that keep the organization moving forward.

Nimble learning - Actively learning through experimentation when tackling new problems, using both successes and failures as learning fodder.

Financial Analysis - Interprets financial data by analyzing trends, variances, opportunities and risks to provide insight to stakeholders regarding financial impact to drive business improvement; evaluates financial results against targets to communicate conclusions to all stakeholders; ensures integrity of financial data by investigating variances and determining corrective actions to resolve identified issues.

Financial Internal Controls - Leverages internal control framework by assessing internal controls and developing remediation plans to mitigate financial reporting risks and respond to changing business needs.

Financial Regulations Acumen - Evaluates applicable regulations for the financial area of focus, such as tax, banking, pension, local accounting to ensure underlying transactions are recorded in compliance with applicable regulations; explains key requirements and purpose of regulations and implications to the business to inform and educate relevant stakeholders.

Education, Licenses, Certifications:
High school diploma or certificate of completion of secondary education or equivalent experience to the extent such experience meets applicable regulations.

Experience:
Minimal or no work experience required.

Tax Compliance & Operations

• Manage TDS/TCS compliance activities including return preparation, submissions, and year-end processes. 
• Perform regular health checks and resolve open tax-related items across business units. 
• Handle contract declarations, lower deduction certificates (LDC), and overseas transaction compliance. 

Reconciliation & Reporting

• Conduct Form 26AS reconciliation and ensure alignment with financial records. 
• Prepare and review schedules for income tax reporting and segmented P&L reporting. 
• Ensure accuracy and consistency between financial books, returns, and statutory records. 

Tax Provisions & Regulatory Compliance

• Support advance tax computation and payments. 
• Prepare and review current and deferred tax provisions in line with applicable accounting standards. 
• Manage regulatory reporting such as SFT and equalization levy. 
• Ensure compliance with evolving tax regulations and reporting requirements. 

Audit & Stakeholder Management

• Support tax audits, assessments, and handle notices from authorities. 
• Collaborate with internal teams, consultants, and global stakeholders for timely issue resolution. 
• Provide guidance to internal teams and suppliers on taxation-related matters. 

Governance & Process Improvement

• Ensure adherence to internal controls, governance frameworks, and audit requirements. 
• Maintain proper documentation and audit trails for all financial and tax activities. 
  • Contribute to continuous improvement initiatives across finance and tax processes. 

Cummins is an equal opportunity employer. Our policy is to provide equal employment opportunities to all qualified persons without regard to race, sex, color, disability, national origin, age, religion, union affiliation, sexual orientation, veteran status, citizenship, gender identity, or other status protected by law.