Cost Accountant

2 weeks ago

Lynchburg, United States Flowserve Full time
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 efficiency,improvements, identify and escalate issues 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 purchasing rates
  • 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 and investigate the source and resolution of significant variances
  • 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 to obtain 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 with Warranty and Capitalization of Manufacturing Variances policies, and ensure these accruals 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

About Flowserve:

Our history began over 200 years ago, and today Flowserve employs more than 15,000 associates in 300-plus locations around the world, including over 180 quick-response centers that provide aftermarket parts and services to customers. Flowserve offers more than 100 distinct pump models and a wide range of valve and seal products. Through our unmatched combination of products, engineering and aftermarket services, we help our customers achieve tangible business results: lower operating costs, optimized performance, prolonged equipment life, mitigated risks and higher productivity. Draw on our industry expertise to help address your most pressing challenges while reducing expenses, minimizing risk and maximizing performance.

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