Flowserve Corporation Senior Operations Cost Analyst in IRVING, Texas

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 18,000 employees in more than 55 countries, we combine our global reach with a local presence.

Position Description:

The Senior Operations Cost Analyst directs process and activities to support accurate product costing, product manufacturing analysis, and inventory valuation. The key focus of this role is to support our global manufacturing footprint, developing and implement processes to ensure accurate product costing and enable fact based analysis to interpret and recommend improvements that enable cost reduction and improved profitability of the businesses. This a key developmental position on the corporate finance and analysis team the will provide visibility that could lead to leadership roles in Finance or Operations Flowserve. The position reports to the Director of Operational Finance.

Key Responsibilities:

Be a key business partner to the Director of Operational Finance when evaluating plant operational efficiency, utilization and cost reduction initiatives

· Develop, implement and improve standard cost processes globally

· Complete actual versus standard cost analysis related to cost of manufacturing Prepare financial analysis related to manufacturing costs, inventory, capital investment and benchmarking as needed for decision support

· Establish process for raw material, packaging, WIP, and FG items to accurately be reflected in cost of manufacture; creating processes to maintain bill of materials and maintain periodic cost updates globally

· Analyze changes in product design, raw materials, manufacturing methods, to determine effects on costs.

· Establish standard processes to maintain and analyze overhead absorption associated with Inventory and cost of sales analysis enabling recommendations to improve capacity utilization and reduce cost

· Establish and maintain processes to evaluate capital investment, prioritizing those investments towards strategic intent and economic return Establish and recommend standard productivity measures globally both definitions as well as processes to review in a proactive manner thereby improving cost of manufacture.

· Develop and standardizes manufacturing reports that explain the “why” on variances to standard that lead to recommendations to improve productivity, increase capacity utilization and reduce cost of manufacture

· Lead and manage periodic excess and obsolete inventory review processes where needed.

· Assist in developing and documenting policies and procedures, including system requirements and internal controls.

· Represent Finance/Accounting on teams designed to improve operations, reduce costs, etc.

· Complete adhoc requests and other projects as directed the Director of Operational Finance and VP of Finance

Position Requirements:

Bachelor degree in accounting or finance; CMA and/or CPA certification a plus

· Extensive hands on ERP system experience

· 5+ years of accounting experience; cost accounting preferred

· 3+ years of operational experience, especially with inventory and plant operations

· Excellent analytical skills with a strong focus on accuracy and attention to detail

· Excellent communication skills and high confidence in stating professional opinions

· Strong grasp of GAAP accounting and general accounting concepts

· Extremely strong Excel skills, especially advanced financial modeling and analytical techniques

· Demonstrated ability to streamline and automate complex processes


· 5+ years of accounting experience; cost accounting preferred

Job Posting/Business Card Title:

Senior Operations Cost Analyst

Percentage of Approximate Travel Required:


Job Posting Category:

Finance & Accounting

Primary Posting Location:


Employment Type:

Full time

Relocation Eligible:



United States

Auto req ID:



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.

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 www.flowserve.jobs as result of your disability. You can request a reasonable accommodation by sending an e-mail to employment@flowserve.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.