Cost Accountant Senior

Company: Flowserve Corporation
Location: Compton
Posted on: November 12, 2021

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!

Role Summary:

Act as integral part of Regional Cost Accounting Team and provide cost accounting support and expertise to Finance Business Partners and leadership for multiple sites (locations) and Platforms (divisions), providing insight, consultation, and governance over the cost accounting model.

Responsibilities & Requirements: Responsibilities

• Focus on Process and Efficiency improvement, identifying and escalating issues and bottlenecks
• Inventory accounting (inventory initiatives to reduce Safety Stock, No Demand, and OSMI)
• Cycle Count Reporting, Inventory reconciliation, work with operations to ensure inventory job issues are completed
• Work with Project Management to analyze and evaluate cost in ERP (CostTrac)
• Research, troubleshoot, and answer basic to complex questions
• Support the Finance Business Partner organization on cost accounting issues
• Participates and supports project reviews
• Explore and analyze root causes of any cost related business operations 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 projects, review the Excess and Obsolete reserve, analyze, and comply with LCM, Loss Contracts and Capitalization of Manufacturing Variances policies, ensure 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 project’s forecast
• Comply with all Corporate Policies
• Support the Cost Accounting Supervisor and Finance Business Partners in the calculation of standards, rates and/or costing standards and analyze impacts in the product cost.

Requirements

• Five or more years relevant cost accounting experience at industrial manufacturing companies
• Percentage of Completion (POC) accounting experience preferred
• Experience in project-based and made-to-order organization
• Accounting Degree
• Knowledge of USGAAP is a plus (specially ASC606 or IFRS15)
• 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
• Experience in PowerBI or Busines Intelligence applications a plus.

Preferred Experience / Skills:

• Knowledge of SAP, Baan and BPC is a plus
• Strong Excel skills are required, experience in Power functions a plus (Power Query, PowerPivot)
• Ability to work remotely in a decentralized matrix organization.

Primary Posting Location: Vernon, California US

Job Advertising Title: Cost Accountant Senior

Job Posting Category: Finance & Accounting

Employment Type: Full time

Country: United States

Auto req ID: 53582BR

Flowserve is an equal opportunity employer and makes employment decisions without regard to race, gender, disability or protected veteran status. Click here to learn more. 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 Click here to learn more.

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