Flowserve Corporation Jobs

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Flowserve Corporation Senior Cost Accountant in Raleigh, North Carolina

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!

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 approximately 16,000 employees in more than 50 countries, we combine our global reach with a local presence.


Act as integral part of Regional Accounting Team in performing cost accounting responsibilities, supporting Finance Business Partners and leadership of the Raleigh plant, and providing insight, consultation, and governance over the cost accounting model.

Scope of Responsibility:

Primary owner of inventory and cost accounting for Raleigh plant, supporting related cross-functional groups along with percentage of completion and other revenue accounting processes

Principal Accountabilities:

  • Focus on process and efficiency improvements, identifying and escalating 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

  • Inventory accounting (physical cycle counts, audits, and variance identification and resolution, ensure proper classification of inventory and material, and purchasing rates verification and calculation)

  • 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 and utilization analysis, etc.)

  • Analyze variances from standard through financial closing of work orders on a timely basis, investigating the source of and resolving large variances

  • Reconcile inventory accounts monthly and fulfill all related reporting requirements

  • Explore and analyze root causes of any cost model or 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 Cost Margin on products and projects, review the Excess and Obsolete reserve, analyze and comply with Warranty and Capitalization of Manufacturing Variances policies, and ensure their 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 plant- 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


  • Five or more years relevant cost accounting experience at industrial manufacturing companies

  • Bachelor’s Degree in Accounting

  • Experience in project-based organization

  • Experience with SAP required

  • Intermediate to advanced Excel spreadsheet skills required

  • Knowledge of and familiarity with USGAAP

  • Percentage of Completion (POC) accounting experience is a plus

  • Process-oriented approach with focus on quality work products and deadline adherence

  • Good research and issue resolution skills; Proactive attitude

  • 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

  • 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

Req ID : R-1137

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

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