Accounting Associate

Career Area:FinanceJob 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 IncWhen 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 SummaryWe are seeking a skilled Accounting Associate to join SGP-Tax & Acctg -Global Finance Services Division.The preference for this role is to be based out of Bangalore-Shared Services, Whitefield-KAWhat you will doGain an understanding of Caterpillar’s business and general accounting practices, systems and proceduresLearn and develop skills, which result from the practical application of basic accounting knowledgeProvide assistance to other team members within the work group as requiredThe candidate will be exposed to one or multiple accounting functions and systems and will accomplish basic analysis work, processing journal entries, reconciliations, and generating reports. The candidate will identify relevant data sources, gather and analyse information and provide feedback during month end reconciliation and closing.  Typically, decisions will impact low risk issues and will be reviewed by a supervisor or team lead.  Work will be assigned by the supervisor or team lead, but this position does not require close supervision to be effective.  The variety of accounting tasks ranges from low to medium complexity.Possible areas of job duties: Process accounting journal entries timely and accurately to ensure that all financial transactions are properly accounted for payroll/MCTE entities assignedVerify data accuracy in the financial ledger and takes appropriate action before month end closing Prepare accounts reconciliation for assigned entities and update CART for all payroll/MCTE related accountsSupport team lead with Year End statutory audit related to payroll section for APAC and UKPerforms data collection and compilation to meet management ad hoc reporting needsHandles ad-hoc project assignments assigned by supervisor or team leadWhat you will have:Individuals who has knowledge of general accounting principles and possess an aptitude to understand on working multiple systems and the implications. It also requires the individual to maintain confidentiality matters and good communicate skill due to regular communication with internal and external process partners.Lastly the individual must be a team player who is able to work in an environment under tight time constraints.This position requires candidate to work a 5-day -a -week schedule in the office.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.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 Basic Understanding:• Explains the value of a disciplined approach to problem solving.• Describes problem reporting and escalation practices.• Utilizes accepted procedures for problem analysis and resolution.• Identifies key aspects of problem-solving techniques used in own area.Accounting: Knowledge of accounting methods, processes, and tools; ability to maintain and prepare financial statements and reports