Cost Accountant

Overview

Company Overview:
If a culture of excellence, innovation and ownership is what you’re searching for, consider putting your experience in motion  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!

Role

Summary:

We are looking for a Cost Accountant who will report to the Accounting Supervisor based locally. In this role you will be part of the Regional Accounting Team in performing cost and profitability analysis for major projects at the Mogas Houston, TX plant, supporting Finance Business Partners and Operations leadership to provide insight, consultation, and governance over project performance. Primary owner of cost estimate data collection, analysis, and presentation throughout lifecycle of POC projects in collaboration with cross-functional groups to support project reviews and overall health assessment for the Mogas plant.

You will also be responsible for cost accounting related duties.

• Prepare monthly cost Estimate at Completion (EAC) package for all major projects

• Identify, investigate, and document unusual or unexpected fluctuations

• Engage with cross-functional groups to support project change management process

• Update Project Financial Summary monthly for presentation to leadership

• Participate actively in monthly project reviews, providing critical insight to leadership based on analysis performed

• Collaborate with cost accountant and POC analyst to monitor, analyze, and present incurred and expected costs of projects

• Monitor key project financial health metrics including billings, AR collections, contract assets/liabilities, inventory, and reserves

• Collaborate with cross-functional teams to support risks and opportunities assessment on projects

• Support POC Analyst in calculation and review of monthly POC revenue recognition process

• Facilitate performance of key control for review and approval of POC project estimates by all required team members

• Support and provide value-added insight during implementation of SAP throughout the business requirements, data migration, and conversion processes

• 1-3 years relevant cost accounting experience at industrial manufacturing companies

• Bachelor’s degree in accounting or finance

• Percentage of Completion (POC) and/or project accounting experience

• Intermediate to advanced experience with Excel spreadsheets

• Knowledge of and familiarity with US GAAP

• Knowledge of ASC 606

• Perform cost accounting activities including journal entries, account reconciliations, and month-end close tasks.

• Support standard cost development, variance analysis, and cost roll-ups.

• Prepare and reconcile inventory and WIP (work-in-progress) accounts.

• Ensure accurate recording of accruals, prepaids, and cost allocations.

• Ability to manage large volumes of data, understand and present summary information

• Strong communication skills to support cross-function collaboration

• Detail oriented, analytical, and data driven mindset

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

• Ability to prioritize, plan, perform and communicate activities both in written and verbal form

• Experience with Syteline (ERP) and/or SAP preferred

• Experience in project-based organization preferred

• Medical, Dental & Vision Insurance (including FSA and HSA options)

• Life Insurance + Supplemental Life, Child, Spousal, and AD&D Insurance

• Short- and Long-Term Disability

• Retirement Planning, 401(k) plan, & Financial Wellness Resources

• Educational Assistance Program

• Time off Policies (including sick leave, parental leave, and paid vacation)

• Eligibility requirements apply to some benefits and may depend on job classification and length of employment

Flowserve is a…