Accounting Associate at Caterpillar Inc.

Bengaluru, Karnataka, India

Caterpillar Inc. Logo
Not SpecifiedCompensation
Entry Level & New Grad, Junior (1 to 2 years)Experience Level
Full TimeJob Type
UnknownVisa
Finance, Manufacturing, Heavy EquipmentIndustries

Requirements

  • Fresher certified accountant (CMA)
  • Basic accounting knowledge

Responsibilities

  • Perform staff accounting functions that support business processes
  • Gain understanding of Caterpillar’s business, accounting practices, systems, and procedures
  • Learn and develop skills through practical application of basic accounting knowledge
  • Aid project teams or work groups
  • Accomplish compilation and basic analysis work, including reviewing clerical input and generating reports
  • Identify relevant data and sources, gather and analyze information, and provide feedback
  • Handle decisions impacting medium to high risk issues (reviewed by supervisor)
  • Perform cost system maintenance
  • Conduct normals & machine rate development
  • Identify and report abnormals
  • Monitor and analyze prime product and/or component costs
  • Perform operations and/or product group budgeting and expense analysis
  • Forecast and report capital expenditures
  • Resolve standard and current cost grief
  • Support management with analysis for decision making in projects and cost reduction programs
  • Provide comprehensive support for New Product Introduction (NPI), including determining discounted cash flow (DCF) and internal rate of return
  • Conduct regional profitability reporting & analysis
  • Support NPI with future cost, should cost, alternative analyses, and strategy
  • Determine & analyze OPACC
  • Coordinate and/or govern enterprise costing activities
  • Develop & execute product group and/or operational strategy
  • Perform low-cost producer analysis
  • Complete post implementation audits (PIA)
  • Develop new/alternative costing methodologies, processes, and/or systems

Skills

Key technologies and capabilities for this role

AccountingFinancial AnalysisStaff AccountingBusiness ProcessesGAAPERP SystemsExcel

Questions & Answers

Common questions about this position

Is this a full-time position?

Yes, this is a full-time employment opportunity.

What is the location for this role?

The preference for this role is to be based out of Whitefield Office, Bangalore, India.

What skills or experience are required for the Accounting Associate role?

The role requires basic accounting knowledge, skills in compilation and basic analysis work, ability to identify relevant data sources, gather and analyze information, and provide feedback. Exposure to areas like cost system maintenance, abnormals identification, cost monitoring, budgeting, capital expenditure forecasting, and project analysis is beneficial.

What is the company culture like at Caterpillar?

Caterpillar fosters a global team environment that cares about each other, emphasizes problem-solving, innovation, and building stronger, more sustainable communities together with customers.

What makes a strong candidate for this Accounting Associate position?

A strong candidate will be a contributing performer from the outset, capable of staff-level accounting work with minimal supervision, eager to learn Caterpillar’s business practices, and skilled in analysis for decision-making in projects.

Caterpillar Inc.

Manufactures heavy machinery for various industries

About Caterpillar Inc.

Caterpillar Inc. designs and manufactures heavy machinery and equipment for industries such as construction, mining, energy, and rail. Their products include a wide range of machinery and engines that help clients complete large-scale projects. Caterpillar's equipment works by providing powerful tools that can perform tasks like digging, lifting, and transporting materials. What sets Caterpillar apart from its competitors is its strong aftermarket support, which includes maintenance and repair services, ensuring that their machinery remains efficient and reliable over time. The company's goal is to deliver high-quality products while also focusing on sustainability and community development through initiatives that improve education and reduce poverty.

Irving, TexasHeadquarters
1925Year Founded
$143.5KTotal Funding
IPOCompany Stage
Industrial & Manufacturing, Social Impact, AI & Machine LearningIndustries
10,001+Employees

Benefits

Annual incentive bonus plan
Medical, dental, and vision coverage
Paid time off plan (Vacation, Holiday, Volunteer, Etc.)
401k savings plan
Health savings account (HSA)
Flexible spending accounts (FSAs)
Disability benefits
Life Insurance
Parental leave
Healthy Lifestyle Programs
Employee Assistance Programs
Voluntary Benefits and Employee Discounts
Tuition Reimbursement
Career Development

Risks

Closure of Aurora office may impact regional economy and Caterpillar's reputation.
Partnership with Anti Social Social Club could dilute Caterpillar's industrial brand focus.
Advanced technology in Cat D8 dozer may face resistance from traditional customers.

Differentiation

Caterpillar's century-long history underscores its reliability and industry leadership.
The company integrates AI and IoT to enhance machinery performance and customer satisfaction.
Caterpillar's strong aftermarket services ensure product longevity and operational efficiency.

Upsides

Growing demand for autonomous equipment boosts Caterpillar's innovation in heavy machinery.
Expansion of 5G networks enhances Caterpillar's remote operation capabilities, improving safety.
Caterpillar's commitment to sustainability aligns with the global shift towards eco-friendly practices.

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