Sr. Manager - Intercompany, CS India

Job Summary:

The Sr. Manager – Intercompany, CS India is responsible for overseeing the integrity and efficiency of intercompany accounting, reporting, and compliance processes across Cummins entities. The role involves managing a team of accounting professionals to ensure accurate financial consolidation, compliance with global and local regulations, and adherence to company policies. The position also supports the preparation of analyses and reports, annual budgets, forecasts, and financial/statistical reporting to drive informed business decisions and continuous process improvements.

Key Responsibilities:

Financial & Intercompany Management

• Lead and manage the accounting team responsible for maintaining intercompany transactions and reconciliation across multiple Cummins entities.
• Implement and oversee processes that ensure proper capture, tracking, and reporting of intercompany pre-close and post-month-end activities (Corporate and Tax).
• Manage the month-end accounting consolidation and US$ submission process for CMI entities globally, ensuring timely and accurate reporting.
• Review, investigate, and resolve complex issues related to intercompany transactions, deviations, and balance confirmations.
• Review and interpret audit findings and entity intercompany queries, ensuring prompt and effective resolutions.
• Promote consistency in accounting practices by maintaining global setups and reporting with high quality and accuracy.
• Ensure SOx documentation is maintained and that all intercompany processes comply with internal control frameworks and corporate standards.

Regulatory Compliance & Import Payments

• Manage end-to-end import payment documentation, including invoice verification, remittance approvals, and coordination with banks.
• Ensure strict adherence to FEMA, RBI guidelines, GST, Customs Act, and other local regulations governing cross-border payments and imports.
• Liaise with legal, compliance, and external consultants to ensure proper documentation and timely regulatory filings (e.g., Form 15CA/15CB, Bill of Entry validation).
• Monitor changes in local import and forex regulations and proactively implement necessary process updates.

Financial Reporting & Analysis

• Prepare and consolidate financial data for internal and external reporting.
• Support the preparation of annual budgets, expense and staffing forecasts, and statistical and variance analysis reports.
• Provide insights into financial trends, variances, risks, and opportunities to drive business improvement.
• Collaborate with department managers and stakeholders to ensure financial performance aligns with business goals.

Leadership & Stakeholder Management

• Lead, develop, and mentor accounting staff to build a high-performing, collaborative finance team.
• Maintain strong stakeholder relationships, ensuring excellent customer service across Cummins Business Services (CBS) and other internal partners.
• Drive a culture of accountability, continuous improvement, and compliance within the finance function.
• Ensure Service Level Agreements (SLAs) are met and deliverables are completed within set timelines.

Competencies:

• Action Oriented: Tackles new opportunities and challenges with urgency, enthusiasm, and energy.
• Collaborates: Builds partnerships and works collaboratively to meet shared objectives.
• Communicates Effectively: Delivers clear, audience-specific communication across various modes.
• Demonstrates Self-Awareness: Uses reflection and feedback to improve personal and professional effectiveness.
• Nimble Learning: Learns from successes and failures to continuously improve.
• Optimizes Work Processes: Identifies the most efficient processes and drives continuous improvement.
• Self-Development: Actively seeks opportunities to grow and develop through formal and informal learning.
• Values Differences: Recognizes and leverages diverse perspectives and cultures.
• Business Partnering: Collaborates across the organization to align financial and strategic goals, influencing decisions through financial insights.
• Financial Analysis: Interprets financial data, identifies trends and risks, and communicates insights to drive business performance.
• Financial Reporting: Ensures accurate, compliant, and insightful financial reporting aligned with stakeholder needs.
• US GAAP Compliance: Applies US accounting standards to record transactions accurately and communicate implications to stakeholders.

Qualifications

Education:

• Bachelor’s degree in commerce, Finance, Accounting, or related field required.
• Master’s degree in finance or business administration (MBA) preferred.

Experience:

• 10–14 years of experience in finance and accounting, with strong exposure to intercompany accounting, import payments, and regulatory compliance.
• Proven track record in managing intercompany processes within multinational environments or shared service centers.
• Experience in managing teams and working with cross-functional and third-party service providers.
• Strong understanding of FEMA, RBI, GST, Customs Act, and other cross-border regulatory frameworks.
• In-depth knowledge of SOx, internal controls, and compliance requirements.
• Hands-on experience with ERP systems (SAP, Oracle) and financial consolidation tools.

Skills:

• Strong analytical, problem-solving, and financial reporting skills.
• Excellent stakeholder management and communication abilities.
• Ability to lead, coach, and develop teams in a dynamic environment.
• High attention to detail with a focus on accuracy and compliance.
• Flexible, proactive, and collaborative mindset with strong organizational skills.

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.