Senior Revenue Accountant

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 Accounting Team and provide revenue accounting support and expertise to Finance Business Partners and leadership for multiple sites (locations) and Platforms (divisions), providing insight, consultation, and governance over the revenue accounting model.

Responsibilities & Requirements: Responsibility

• Focus on Process and Efficiency improvement, identifying and escalating issues and bottlenecks
• Contract Review: Review, analyze, and determine revenue recognition methodology to apply to each contract deliverable. Final determinations must be well documented and presentable for all required approvers. Contract review includes US Person Restricted contracts, contract change orders and Nonrestricted contract review documentation in a collaborative global environment.
• Revenue Recognition Review: Review and approve monthly revenue recognition reports to ensure adherence to documented methodology as outlined above.
• Bookings and Backlog monthly reporting: Review monthly bookings from local ERPs and report to BPC in appropriate categories. Review and report proper net Backlog values to BPC on a monthly basis including Backlog Roll.
• SOX Control/Audit management for Regional Accounting Group: Manage site’s performance, monitoring and testing of SOX controls, as well as assist in External and Internal Audits.
• Comply with all Corporate Policies
• Support Regional Accounting initiatives

Requirements

• 3 – 5 years of project accounting experience within a large organization, manufacturing industry is highly desirable.
• 2 – 3 years of experience working with Percentage of Completion accounting
• Percentage of Completion (POC) accounting experience preferred
• Experience in project-based and made-to-order organization
• Accounting, Finance or Business 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
• Knowledge of SAP, Baan and BPC is a plus
• Strong Excel skills Pivot tables, Vlook ups, etc), experience in Power functions a plus (Power Query, PowerPivot)
• In addition to education and experience, it takes a keen sense of detail and exemplary organizational skills to succeed in the role
• Knowledge of sales, operations, and marketing contributions to revenue are also required
• Ability to work remotely in a decentralized matrix organization
• Revenue accountants must possess the ability to work independently and make executive financial decisions with ease. Though many duties are performed independently, excellent communication skills are required as well as strategic and variable problem solving abilities. The occupation requires self-motivation, analytic aptitude, and exceptional multitasking ability. The desire to work in a challenging environment is a prerequisite.

Preferred Experience / Skills:

• Project management capabilities
• Good interpersonal, communication and presentation skills
• Strong Excel Skills

Other Posting Location: Taneytown, Pennsylvania US;

Primary Posting Location: Vernon, California US

Job Advertising Title: Senior Revenue Accountant

Job Posting Category: Finance & Accounting

Employment Type: Full time

Country: United States

Auto req ID: 53567BR

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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