Placement Student - Procurement Finance

Overview

Support procurement finance tasks, reporting, analysis, and projects for global operations.

Key Responsibilities

• journal entries
• balance sheet
• spend analysis
• material variance
• data analysis
• project lead

Tasks

-Specific finance month end activity – Preparing journal entries & reconciliations of Balance Sheet accounts and direct material spend analysis. -Working with global plant finance teams to produce a monthly consolidated material variance report by plant and supplier. Further reconciliations and presenting of results follow on from this. -Data analysis to support cost reduction initiatives producing a monthly global consolidated report by individual cost reduction project. -Lead, as well as participate in, some project work within the team.

Requirements

• communication
• analytical
• accounting
• excel
• business partnering
• procurement

What You Bring

-Good communication skills with ability to work on own initiative or as part of a team. -Strong analytical & Organisational skills, attention to detail and focused. -Working towards a degree in Accounting & Finance or degree in a relevant field (business, maths, economics) with accounting -Intermediate level of excel and ability to work with large amounts of data -Good business partnering & communication skills with the global procurement teams as well as plant finance and procurement finance.

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Benefits

-Involvement in Site Employee Development groups – opportunity to get involved in leading projects, presenting within these groups and engagement with other group members.

About Cummins Europe

-The company has 17 manufacturing sites across Europe, establishing itself as a leading power solutions provider. -Engineers and manufactures advanced diesel, gas, and electric engines, power generation systems, and drivetrains for global markets. -Specializes in powering buses, trucks, marine vessels, and military vehicles, exemplified by projects from Darlington to Krakow. -Operates a unique European test facility in Darlington that develops fuel-agnostic powertrains, including hydrogen-capable combustion engines. -Delivers expertise across industrial, transport, marine, mining, energy, and defence sectors, offering both new builds and remanufactured power solutions.

Sector Specialisms