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Cost Accountant-Senior

3 months ago

Lynchburg, Virginia, United States Flowserve Corporation Full time

Flowserve is a world-leading manufacturer and aftermarket service provider of comprehensive flow control systems. Join a company whose people are committed to building a more sustainable future to make the world better for everyone. With 16,000+ employees in 50+ countries, we combine our global reach with local presence. Our team challenges themselves to approach each situation with ingenuity and creativity to help provide our customers with the most innovative flow control products and services. We support 10,000+ customers worldwide, creating products to meet the needs of our customers who are supplying energy, fresh water, pharmaceuticals and other essentials to consumers, businesses and governments globally. We invite you to put your talents and career in motion at Flowserve.

Company Overview:

If a culture of excellence, innovation and ownership is what you're searching for, consider putting your experience in motion at Flowserve. As an individual contributor, or as a leader of people, your enterprise mindset will ensure Flowserve's position as the global standard in comprehensive flow control solutions. Here, your opportunity for professional development and industry leading rewards will be supported by our foundational commitments to the values of people first, integrity and safety. Thinking beyond opportunity and reward, at Flowserve, we are inspired by working together to create extraordinary flow control solutions to make the world better for everyone

Function:

Be an integral part of the Regional Accounting Team to perform cost accounting responsibilities, support Finance Business Partners and leadership of the Lynchburg site as well as provide insight, consultation, and governance over the cost accounting module.

Scope of Responsibility :

Owner of the inventory and cost accounting of the Lynchburg site, supporting related cross-functional groups, percentage of completion accounting, revenue accounting processes

Principal Accountabilities:

  • Focus on process and efficiencyimprovements, identifyand escalateissues and bottlenecks
  • Support the Accounting Supervisor and Finance Business Partners in the calculation of standard costs, rates and/or costing standards and analyze impacts in the product cost
  • Conduct inventory accounting including physical cycle counts, audits, and variance identification and resolution, ensure proper classification of inventory and material,verify and calculate purchasingrates
  • Research, troubleshoot, and answer basic to complex questions and advise the Finance Business Partner organization on cost model issues including In and Out margins analysis, participate and support project reviews, support special costing projects for customer quotations, productivity, efficiency,utilization analysis, etc.
  • Analyze variances from standard through financial closing of work orders on a timely basis andinvestigate the source and resolution of significantvariances
  • Reconcile inventory accounts monthly and fulfill all related reporting requirements
  • Explore and analyze root causes of any cost modelor business finance issues and propose policy or process changes to improve work moving forward
  • Identify cost incurred and participate on Project Status Review in order toobtain information to be used on Revenue accounting records and calculations for both Percentage-of-Completion and Point-in-Time projects
  • Review low margin on products and projects, calculate the Excess and Obsolete reserve, analyze and comply withWarranty and Capitalization of Manufacturing Variances policies, and ensure theseaccruals are accounted for properly and timely
  • Provide actual information to be used as a base on Costs and Margins for Percentage-of-Completion and Point-in-Time projects forecast
  • Support and provide value-added insight during implementation of SAP throughout the business requirements, data migration, and conversion processes
  • Support site- and company-wide initiatives related to shortening the close process, efficiency KPIs, rework, backlog reduction, etc.
  • Work cross-functionally with Supply Chain, Manufacturing, Planning, Project Management, and Engineering to complete all job responsibilities on a timely basis
  • Assist with documentation, explanations, and ad hoc reporting related to interim and year end audits

Required Qualifications:

  • Four or more years relevant cost accounting experience at industrial manufacturing companies
  • Bachelor's degree in accounting
  • Intermediate to advanced Excel spreadsheet skills required
  • Knowledge of and familiarity with USGAAP
  • Process-oriented approach with focus on quality work products and deadline adherence
  • Excellent problem solving and critical thinking skills; ability to apply judgement
  • Attention to detail and accuracy with the ability to package and present complex information in an effective and efficient manner
  • Good research and issue resolution skills; proactive attitude
  • Ability to assess and recommend solutions for assigned projects
  • Ability to prioritize, plan, perform and communicate activities both in written and verbal form
  • Ability to work with remote in a decentralized matrix organization

Preferred Qualifications:

  • Experience with SAP preferred
  • Percentage of Completion (POC) accounting experience is a plus

Flowserve offers competitive pay, annual bonuses, medical benefits on day 1, generous paid vacation time, paid holidays, 401(k) and many other excellent benefits

Req ID : R-11059

Job Family Group : Finance & Accounting

Job Family : FA Cost Accounting

EOE including Disability/Protected Veterans. Flowserve will also not discriminate against an applicant or employee for inquiring about, discussing or disclosing their pay or, in certain circumstances, the pay of their co-workers. Pay Transparency Nondiscrimination Provision

If you are a qualified individual with a disability or a disabled veteran, you have the right to request a reasonable accommodation if you are unable or limited in your ability to use or access as result of your disability. You can request a reasonable accommodation by sending an email to In order to quickly respond to your request, please use the words "Accommodation Request" as your subject line of your email. For more information, read the Accessibility Process.