Accountant(Costing)

Job Summary

We are seeking a skilled Accountant(Costing) to join our Analytics COE - Manufacturing Tower - Bangalore -Global Finances Services Division

The incumbent would be responsible for Capital Management, Fixed Asset Accounting, Factory Accounting, Inventory Accounting, business planning, forecasting etc.

The preference for this role is to be based out of Bangalore Whitefield office.

What you will do

These are the wide range of accounting activities those are being performed at COE. Individual Job Duties/Responsibilities may include:

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 & reconciliations
• Review and analysis of manufacturing accounting 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.
• Performing Complex Staff Work: Provides technical guidance and expertise on highly complex accounting issues such as preparing financial results analysis for upper-level management, providing forecast data, etc. Leads initiatives outside team to represent the group (e.g. documenting processes, making presentations).
• The variety of accounting tasks ranges from low to medium complexity. Interaction outside the workgroup is typically with peers. As the Accountant gains experience, he/she will develop a technical understanding of more complex accounting issues and expand their decision-making capability.

• You will independently perform variety of accounting functions and will accomplish a high level of compilation of data and detailed analysis of business unit/s results.
• The accountant identifies relevant data and data sources, gathers and analyses the information, and provides feedback. Typically, decisions will impact relatively low risk issues and will be reviewed by a supervisor.
• From the outset, incumbent will be expected to be a contributing performer, doing staff level accounting work that supports business processes.
• Additionally, this position will:
• Gain an understanding of Caterpillars business and accounting practices, systems and procedures.
• Learn and develop skills which result from the practical application of basic accounting knowledge,
• Provide assistance to a project team or others in the work group.

What you will have

• Requires a certified accountant (CA/CMA) with college degree in accounting and 6-8 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).
• This position requires candidate to work a 5-day -a -week schedule in the office
• Shift Timing-01:00PM-10:00PM IST

Top Candidates Will Also Have:

• Strong background in accounting, cost accounting, investment analysis, Fixed Asset Accounting.

• Strong analytical skills are required to perform detailed financial analysis and strategic plans
• Understanding the necessity and value of accuracy; ability to complete tasks with high levels of precision.
• 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.
• Knowledge of the decision-making process and associated tools and techniques; ability to accurately analyse situations and reach productive decisions based on informed judgment.
• Understanding of effective communication concepts, tools and techniques; ability to effectively transmit, receive, and accurately interpret ideas, information, and needs through the application of appropriate communication behaviours.

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 Working Knowledge:
Approaches a situation or problem by defining the problem or issue and determining its significance.
Makes a systematic comparison of two or more alternative solutions.
Uses flow charts, Pareto charts, fish diagrams, etc. to disclose meaningful data patterns.
Identifies the major forces, events and people impacting and impacted by the situation at hand.
Uses logic and intuition to make inferences about the meaning of the data and arrive at conclusions.

Effective Communications: Understanding of effective communication concepts, tools and techniques; ability to effectively transmit, receive, and accurately interpret ideas, information, and needs through the application of appropriate communication behaviors.
Level Working Knowledge:
Delivers helpful feedback that focuses on behaviors without offending the recipient.
Listens to feedback without defensiveness and uses it for own communication effectiveness.
Makes oral presentations and writes reports needed for own work.
Avoids technical jargon when inappropriate.
Looks for and considers non-verbal cues from individuals and groups.

Managing Multiple Priorities: Knowledge of effective self-management practices; ability to manage multiple concurrent objectives, projects, groups, or activities, making effective judgments as to prioritizing and time allocation.
Level Extensive Experience:
Clarifies and handles multiple concurrent and diverse activities.
Shifts focus among several efforts as required by changing priorities.
Addresses potential conflicts that impact current delivery commitments.
Works with or leads others to re-prioritize work and reschedule commitments as necessary.
Responds to shifting priorities while maintaining progress of regularly scheduled work.
Demonstrates an expectation that there will be ongoing shifts in demands and priorities.

Problem Solving: Knowledge of approaches, tools, techniques for recognizing, anticipating, and resolving organizational, operational or process problems; ability to apply knowledge of problem solving appropriately to diverse situations.
Level Working Knowledge:
Identifies and documents specific problems and resolution alternatives.
Examines a specific problem and understands the perspective of each involved stakeholder.
Develops alternative techniques for assessing accuracy and relevance of information.
Helps to analyze risks and benefits of alternative approaches and obtain decision on resolution.
Uses fact-finding techniques and diagnostic tools to identify problems.

Accounting: Knowledge of accounting methods, processes, and tools; ability to maintain and prepare financial statements and reports using accounting methods and processes.
Level Working Knowledge:
Utilizes cost monitoring practices, techniques and considerations.
Works with financial transactions and related documentation within the organization.
Participates in accounting practices of classifying and recording financial data.
Maintains existing charts of accounts.
Follows regulations for entering and reporting the financial content in major accounting systems.

Financial Analysis: Knowledge of tools and approaches of financial analysis; ability to read, interpret and draw accurate conclusions from financial and numerical material.
Level Working Knowledge:
Applies principles used to evaluate the economics of investment decisions.
Interprets major types of financial statements issued by the organization.
Utilizes basic qualitative and quantitative tools and techniques with proficiency.
Works with a specific financial analysis tool set.
Implements valid financial analysis aligned with key criteria.

Financial Reporting: Knowledge of processes, methods, and tools of financial reporting; ability to create and maintain accurate and thorough financial reports.
Level Working Knowledge:
Follows organizational practices and guidelines for product profitability reporting.
Analyzes errors or inaccuracies in financial reports.
Uses basic tools to create simple financial reports.
Monitors compliance with organizational standards for financial report writing.
Implements organizational methods and procedures for financial report writing.

Additional Information:

Caterpillar is not currently hiring individuals for this position who now or in the future require sponsorship for employment visa status; however, as a global company, Caterpillar offers many job opportunities outside of the U.S. which can be found through our employment website at