Supervisor, Cost Accounting

Company: Flowserve Corporation
Location: Chesapeake
Posted on: May 25, 2023

Job Description:

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! Position: Cost Accounting Supervisor Reports to: Regional Accounting Manager Region: US - Chesapeake Virginia with site in Addison Illinois Company Overview: Flowserve is the recognized world leader in supplying pumps, valves, seals, automation, and services to the power, oil, gas, chemical, and other industries. With more than 16,000 employees in more than 55 countries, we combine our global reach with a local presence. Function: Supervise Regional Accounting Team and provide accounting support and expertise to Finance Business Partners and leadership for multiple sites (locations), providing insight, consultation, and governance over the accounting model. Scope of Responsibility: The Cost Accounting Supervisor is responsible for timely and accurate reporting of financial information and maintaining an effective control environment at their reporting units. Principal Accountabilities:

• Plan and assign tasks and activities to direct reports, ensuring work is appropriately distributed and all deadlines can be met
• Ensure completion of assigned tasks and oversee team performance throughout month and during close
• Ensure month-end Trial Balance closing procedures are completed timely and GL account mappings are correct; Ensure completeness and accuracy of assets & liabilities
• Oversee and review account reconciliations & reconciling items; ensure team utilizes Blackline for all account reconciliations
• Maintain frequent communication with Regional Accounting Manager (RAM) and report on status, issues, unusual items, etc.
• Supervise inventory accounting. Audit physical cycle counts. Report on coverage and variances. Ensure proper classification of inventory and material.
• Identify cost incurred and participate on project status review to obtain information to be used on Revenue accounting records and calculations for Percentage-of-Completion
• Review low margin on products and projects for possible LCM reserve, review the excess and obsolete reserve, analyze and comply with warranty and capitalization of manufacturing variances policies, and their accruals are accounted properly and timely
• Review manual journal entries for accuracy and proper supporting documentation, and approve for posting
• Ensure all controls are properly designed and executed in a timely manner during the month and/or close process, including: account reconciliations, cutoff procedures, transactional controls, manual journal entry controls, approval controls, etc.
• Prepare quarterly site analytics
• Ensure all monthly & quarterly supplemental input data is properly completed, reviewed, and uploaded to BPC by the deadlines
• Provide training as needed to team members to ensure strong understanding of policies, process, objectives, and tasks required
• Where applicable, oversee results of Business Support Center performance of tasks, ensure activities are complete and accurate, identify areas needing improvement, and coordinate with BSC process managers to address
• Manage team member schedules and time-off plans, ensuring backups are in place and trained to cover during scheduled absences
• Provide formal feedback to direct reports through PMP process, and provide informal feedback real time and through post-close debrief meetings
• Support and drive key company initiatives where applicable
• In collaboration with RAM, work with Business Partners to ensure management estimates are properly reviewed, documented, and recorded
• Support internal and external audit process ensuring requests are fulfilled timely and questions are properly resolved Qualifications:
  • Five or more years relevant supervisory and cost accounting experience at industrial manufacturing companies
  • Percentage of Completion (POC) accounting experience preferred
  • Experience in project-based organization
  • Accounting Degree
  • Knowledge of US GAAP
  • Good research and issue resolution skills; Proactive attitude
  • Ability to assess and recommend solutions for area of influence
  • Ability to prioritize, plan, perform and communicate team activities both in written and verbal form
  • English language skills in written and verbal form
  • Knowledge of Oracle STAR, SAP and/or BPC is a plus
  • Experience with major ERP
  • Ability to work remotely in a decentralized matrix organization We offer competitive pay, annual bonuses, medical benefits on day 1, generous paid vacation time, paid holidays, pension plan, 401(k) and many other excellent benefits. Req ID : R-5112 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 flowservecareers. com as result of your disability. You can request a reasonable accommodation by sending an email to com. 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.

Keywords: Flowserve Corporation, Chesapeake , Supervisor, Cost Accounting, Accounting, Auditing , Chesapeake, Virginia