Corporate Accounting Policy Manager

Corporate Accounting Policy Manager

Description

Description

• External

CORPORATE ACCOUNTING POLICY MANAGER

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 Corporate Accounting Policy Manager to join our team specializing in Manufacturing for our Operations in Columbus, IN.

In this role, you will make an impact in the following ways:

• As a subject matter expert, works with the business and others in Finance to identify, describe, resolve, consult and document complex accounting issues and transactions.

• Works with strategy, supply chain and other functional corporate areas to review key transactions for the quarter and develop position papers on accounting for significant transactions, which could include business combinations, joint venture formations, leases, financing transactions, restructurings, asset impairments, guarantees, and other judgmental accounting areas.

• Reviews and provides guidance on the accounting for all leasing transactions over the defined threshold in our accounting policy.

• Evaluates various complex transaction structures against Generally Accepted Accounting Principles; recommends alternative structures to meet business and financial needs while complying with accounting principles and regulations and reviews those with external auditors.

• Participates on project teams for ensuring timely Cummins implementation of new Generally Accepted Accounting Principles requirements including identifying all areas of the Company that will be impacted by the changes. Monitors timeline for implementation and drafts Cummins accounting policies to comply with the new standards (and could lead those teams for smaller implementations).

• Drafts accounting policies and/or updates/interprets existing accounting policies necessary to comply with new Generally Accepted Accounting Principles pronouncements.

• Manages the Accounting Policy Analyst with respect to the quarterly policy update process.

• Prepares and leads live and recorded training sessions for company-wide finance personnel on U.S. Generally Accepted Accounting Principles requirements and accounting policies.

• Selects, develops, manages, motivates, coaches, and mentors the summer intern; provides guidance and direction on problems and issues; delegates work assignments considering employee skills and development needs.

Qualifications

Qualifications

• External

To be successful in this role you will need the following:

Skills

• Technical Accounting Assessment

• Evaluates and researches transactions in accordance with accounting regulations to ensure recorded in compliance with accounting regulations and company policies.

• Technical Accounting Documentation

• Summarizes technical accounting assessments by documenting accounting requirements, considerations and conclusions in accounting memos to communicate assessment results to internal and external stakeholders.

• 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.

• Financial Internal Controls

• Leverages internal control framework by assessing internal controls and developing remediation plans to mitigate financial reporting risks and respond to changing business needs.

• Global perspective

• Taking a broad view when approaching issues, using a global lens.

• Manages complexity

• Making sense of complex, high quantity, and sometimes contradictory information to effectively solve problems.

• 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.

• Plans and aligns

• Planning and prioritizing work to meet commitments aligned with organizational goals.

• Self-development

• Actively seeking new ways to grow and be challenged using both formal and informal development channels.

Education, Licenses, Certifications

• College, university, or equivalent degree in Accounting required. Licensed or working toward Certified Public Accountant or equivalent certification required.

Experience

• Significant relevant work experience, including managerial experience, required.

• Main contact for all corporate groups for accounting related questions (performs the function similar to a BU policy director).

• Review and provide comments to corporate accounting on the Company's SEC filings with a focus on technical accounting matters.

• Assist with responding to periodic surveys we are asked to participate in from FEI and other groups as it relates to our accounting practices.

• Perform certain quarterly accounting responsibilities, including, but not limited to: (1) asbestos reserve accounting; (2) going concern analysis (3) guarantee disclosures for commitments and contingencies note.

Compensation and Benefits

Salary range is $100,000 $150,000. Please note that the salary range provided is a good faith estimate on the applicable range. The final salary offer will be determined after taking into account relevant factors, including a candidate's qualifications and experience, where appropriate.

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

Job FINANCE

Primary Location United States-Indiana-Columbus-US, IN, Columbus, Corporate Office Building

Job Type Experienced

• Exempt / Office

Recruitment Job Type Exempt

• Experienced

Job Posting Mar 26, 2024, 3:25:41 PM

Unposting Date May 9, 2024, 11:59:00 PM

Organization Corporate

Role Category Hybrid

• Potential for Partial Remote

Relocation Package Eligible

Req ID: 240001LS