Staff Accountant - Accountable

Tamil Nadu, India
Competitive salary
16 Sep 2020
21 Sep 2020
Job role
Experience level
Qualified accountant

To independently perform staff level accounting functions withrespect to the business analysis of RIOP division of Caterpillar India Pvt Ltd.You will be exposed to variety of accounting functions and will accomplish ahigh level of compilation of data and detailed analysis of business unitresults. The accountant identifies relevantdata and data sources, gathers and analyses the information, and providesfeedback. Typically, decisions will impact relatively low risk issues and willbe reviewed by a supervisor.

Fromthe outset, incumbent will be expected to be a contributing performer, doingstaff level accounting work that supports business processes. Additionally,this position will:

- gain an understanding of Caterpillar'sbusiness and accounting practices, systems and procedures;

- learn and develop skills which result fromthe practical application of basic accounting knowledge,

- and provide assistance to a project teamor others in the work group.


These are the wide range ofaccounting activities those are being performed at business unit level. Individual Job Duties/Responsibilities mayinclude:

*MIS & Reporting: Preparation and submission of journal entriesfor monthly book closing of business unit, Support management in takingdecisions in various projects and cost reduction programs. Cost analysis andcause of its variance compare to plan vs actual. Participate in business unitbook closing and submission of all require input and reports to corporate andstake holders.

*Budgeting& Planning: Preparation of long term plan of company, annual budget andquarterly forecasting and detailed analysis of all value-added expenditureincur at facility.

* InventoryAccounting: Reporting of inventorymetrics to leadership, timely and accurately all corporate submissions,preparing and submitting all journal entries related to inventory during booksclosing on a monthly basis. Calculation and reporting of Inventory aging,excess, surplus, obsolete etc. per CAT guidelines, analysing specificadjustments as needed and recommending necessary corrective actions to preventfuture occurrences.

*Capital Management: Capitalbudgeting process and its accurate accounting in the Capital Management System,prepare and evaluate accounting papers, evaluating the feasibility of projects bypreparing discounting cash flow analysis (NPV & IRR).

*Financial Analysis: accomplish ahigh level of compilation with a broad range of accounting analysis, reviewdata input, advise internal customers on accuracy of cost data, generatereports and provide commentary to leadership on costs accuracy, to serve as acost governance person. Use of statistical tools - simulations will be requiredto support decision making. Analysis of P&L statement and balance sheet.

*Decision Support: Supportmanagement in taking costing decisions in various projects and cost reductionprograms. Work with Auditors internal or external. Helping inestimating various forecast and budget scenarios as needed based on changingbusiness conditions.

*Compliance and SOX: Providing support in SOX control function, helpingin testing of internal controls, including Sarbanes-Oxley (SOX) and Fraud &Anti-bribery controls documentation. Support different functions of Inventoryaccounting.

*PerformingComplex Staff Work: Provides technical guidance and expertise on highly complexaccounting issues such as preparing financial results analysis for upper levelmanagement, providing forecast data, etc. Leads initiatives outside team torepresent the group (e.g. documenting processes, making presentations).

The variety of accounting tasksranges from low to medium complexity. Interaction outside the workgroup istypically with peers. As the Accountant gains experience, he/she will develop atechnical understanding of more complex accounting issues and expand theirdecision-making capability.


*Requires a certified accountant (CA/CMA) with college degree in Accounting and 3-5 years of experience in Accounting preferably in a manufacturing environment.

* 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 etc).

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.