Accountant (Costing)

Career Area:

Finance

Job Description:

Your Work Shapes the World at Caterpillar Inc.

When you join Caterpillar, you're joining a global team who cares not just about the work we do – but also about each other.  We are the makers, problem solvers, and future world builders who are creating stronger, more sustainable communities. We don't just talk about progress and innovation here – we make it happen, with our customers, where we work and live. Together, we are building a better world, so we can all enjoy living in it.

Your Impact Shapes the World at Caterpillar Inc

When you join Caterpillar, you're joining a global team who cares not just about the work we do – but also about each other. We are the makers, problem solvers and future world builders who are creating stronger, more sustainable communities. We don't just talk about progress and innovation here – we make it happen, with our customers, where we work and live. Together, we are building a better world, so we can all enjoy living in it.

 Job Summary

We are seeking a skilled Accountant (Costing) in our Analytics COE - Manufacturing Tower - Bangalore-Global Finance Services Division.

The incumbent would 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 Caterpillar’s business and accounting practices, systems and procedures.
• Learn and develop skills which result from the practical application of basic accounting knowledge,
• And provide assistance to a project team or others in the work group.

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 and analysis
• Review and analysis of manufacturing 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.

What you will have.

• Requires a certified accountant (CA/CMA) with college degree in accounting and 3-4 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).

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 behaviors.

 Skills desired:

Accuracy and Attention to Detail: Understanding the necessity and value of accuracy; ability to complete tasks with high levels of precision.
Level Basic Understanding:
• Explains the importance of accuracy in own function or unit.
• Identifies tasks or outputs that require accuracy and detail-level attention.
• Identifies the procedures for making sure that results are mistake-free.
• Describes consequences of errors within own unit or function.

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 Basic Understanding:
• Names specific tools or techniques that can be used to support the analytical thinking process.
• Describes specific software applications or products used for business analytics.
• Gives examples of how analytical thinking has been used to resolve problems.
• Helps others research and learn more about business analytics tools and applications.

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 Basic Understanding:
• Describes non-verbal behaviors that influence the interpretation of the message.
• Cites examples of effective and ineffective communications.
• Explains the importance of effective business communication.
• Speaks/writes using correct language, mechanics, and gestures.

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 Basic Understanding:
• Explains basic concepts of time and priority management.
• Seeks guidance in detecting and addressing priority conflicts.
• States own business priorities.
• Describes team or unit priorities.

What you will get:

• Work Life Harmony
• Earned and medical leave.
• Flexible work arrangements
• Relocation assistance

Holistic Development

• Personal and professional development through Caterpillar ‘s employee resource groups across the globe
• Career developments opportunities with global prospects

Health and Wellness

• Medical coverage -Medical, life and personal accident coverage
• Employee mental wellness assistance program

 Financial Wellness

• Employee investment plan
• Pay for performance -Annual incentive Bonus plan.

  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 www.caterpillar.com/careers

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.

Posting Dates:

March 13, 2025 - March 19, 2025

Caterpillar is an Equal Opportunity Employer (EEO).

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