Financial Analyst

Description

Our culture believes in POWERING YOUR POTENTIAL . We provide global opportunities to develop your career, make your community a better place and work with today’s most innovative thinkers to solve the world’s toughest problems.

We believe in flexibility for you to explore your passions while making an impact through meaningful work within our inclusive workforce. That’s what #LifeAtCummins is all about.

We are looking for a talented Financial Analyst to join our team specializing in Finance for our Components Business Segment hybrid out of Troy, MI.

In this role, you will make an impact in the following ways:

Responsible for the preparation of analyses and reports for department managers.
Supports the annual budget process, expense and/or staffing forecasts or statistical reporting.
Prepares analyses and reports for department managers.
Works with assigned organizational unit(s) to develop annual budgets, expense and staffing forecasts, and statistical reporting.
Supports month end close.
Prepares and consolidates financial data.
Prepares statistical reporting, including financial performance, variance explanations, and cost analysis.
Executes special projects as assigned.

Qualifications

To be successful in this role you will need the following:

Skills

US Generally Accepted Accounting Principles – Evaluates US accounting standards to record transactions in compliance with requirements and company policies; assesses the accounting requirements and objectives to determine the implications on the business and communicate to stakeholders with varying financial knowledge.
Financial Reporting – Analyzes financial data by evaluating results and solutions to support business decisions; prepares and presents financial information by summarizing data to communicate results in compliance with regulations and stakeholder expectations; partners with stakeholders to drive financial performance that aligns to organizational goals and strategies.
Business Partnering – Collaborates with stakeholders and develops partnerships to drive performance that aligns to organizational goals and strategies; influences the organization by demonstrating knowledge of the business to provide guidance to support the decision-making process and guiding the business towards positive results and organizational alignment; evaluates business environment using measures to mitigate risk and capitalize on opportunities.
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.
Action oriented – Taking on new opportunities and tough challenges with a sense of urgency, high energy, and enthusiasm.
Collaborates – Building partnerships and working collaboratively with others to meet shared objectives.
Communicates effectively – Developing and delivering multi-mode communications that convey a clear understanding of the unique needs of different audiences.
Nimble learning – Actively learning through experimentation when tackling new problems, using both successes and failures as learning fodder.
Demonstrates self-awareness – Using a combination of feedback and reflection to gain productive insight into personal strengths and weaknesses.
Self-development – Actively seeking new ways to grow and be challenged using both formal and informal development channels.
Optimizes work processes – Knowing the most effective and efficient processes to get things done, with a focus on continuous improvement.

Education, Licenses, Certifications

College, university, or equivalent degree in Finance, Accounting or related field required.

Experience

Minimal relevant professional work experience in the field of study required.

Responsibilities

Develop strong relationships with business partners and finance colleagues to maintain clear communication and understanding of financial results to drive sound decision making.
Work closely with engineering team to understand costs and help illuminate action plans to remedy areas of concern.
Perform monthly and quarterly variance analysis: month-actuals vs AOP, month-actuals vs Forecast, quarterly Current Forecast vs Prior Forecast, quarterly – Current Forecast vs AOP (and other comparisons as needed).
Support development of annual operating plan and quarterly forecast update.
Support Global Engineering Capital Expenditure management (planning and spend tracking).
Demonstrate ability to coordinate from idea to design through project implementations, always mindful of customer concerns.
Supports process improvements within the Engineering or Product Strategy team and due to Cummins integration.
Ability to present finance and accounting information effectively to all levels within the business.

Compensation and Benefits

Additional benefits vary between locations and include options such as our 401(k) Retirement Savings Plan, Cash Balance Pension Plan, Medical/Dental/Life Insurance, Health Savings Account, Domestic Partners Coverage and a full complement of personal and professional benefits.

Base salary rate commensurate with experience. Additional benefits vary between locations and include options such as our 401(k) Retirement Savings Plan, Cash Balance Pension Plan, Medical/Dental/Life Insurance, Health Savings Account, Domestic Partners Coverage and a full complement of personal and professional benefits.)

Cummins and E-verify

At Cummins, we are an equal opportunity and affirmative action employer dedicated to diversity in the workplace. Our policy is to provide equal employment opportunities to all qualified persons without regard to race, gender, color, disability, national origin, age, religion, union affiliation, sexual orientation, veteran status, citizenship, gender identity and/or expression, or other status protected by law. Cummins validates right to work using E-Verify. Cummins will provide the Social Security Administration (SSA) and, if necessary, the Department of Homeland Security (DHS), with information from each new employee’s Form I-9 to confirm work authorization.

Job FINANCE

Primary Location United States-Michigan-Rochester Hills-US, MI, Troy, 2135 West Maple Road

Job Type Experienced – Exempt / Office

Recruitment Job Type Exempt – Experienced

Job Posting Mar 25, 2024, 12:13:59 PM

Unposting Date Apr 8, 2024, 10:59:00 PM

Organization Cummins Meritor

Role Category Hybrid – Potential for Partial Remote

Relocation Package Ineligible

Req ID: 240000YU