Cummins Inc. Senior Financial Analyst in Troy, Michigan
Senior Financial Analyst
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 Senior 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 complex and interpretive financial analyses and reports.
Supports the annual budget process, expense and/or staffing forecasts and statistical reporting.
Prepares complex financial analyses and reports for department management.
Prepares analyses, reports, and special studies for management.
Business partners with organizational unit(s) to develop annual budgets, expense and staffing forecasts, and statistical reporting.
Prepares and consolidates financial data statistical reporting, including financial performance, variance explanations, and cost analysis.
Coaches or leads less-experienced Financial Analysts.
To be successful in this role you will need the following:
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 Planning and Forecasting - Utilizes financial forecast data to provide forward looking projections to facilitate decision making; partners with stakeholders to analyze trends and validate assumptions to provide a forecast that aligns to the organization's goals and strategies.
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.
Manages complexity - Making sense of complex, high quantity, and sometimes contradictory information to effectively solve problems.
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.
Progress toward Certified Public Accountant, Certified Management Accountant, Chartered Accountant, or similar certification preferred.
Intermediate level of relevant professional work experience in the field of study required.
Perform month-end close analysis and journal entries (reclasses / accruals) of general ledgers to ensure accuracy of various corporate functional budgets.
Prepare actuals vs forecast analysis and track key vulnerabilities and opportunities for functional groups.
Interact with functional teams, corporate accounting/finance, and leadership to develop quarterly forecasts, review actual results, and explain variances to the overall budget.
Support functional groups with special projects and business plans as needed, including the preparation of ARs (appropriation requests) in support of investment initiatives.
Work with teams to develop Annual Operating Plan (AOP) while maintaining company’s targets.
Support Sr. Management, with quarterly/annual reporting and analysis.
Self-starter, driven, and ability to work independently strongly preferred.
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.
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 Feb 7, 2024, 10:30:00 AM
Unposting Date Ongoing
Organization Cummins Meritor
Role Category Hybrid - Potential for Partial Remote
Relocation Package Ineligible
Req ID: 240000RH