Flowserve Corporation Financial Analyst/Accountant in Raleigh, North Carolina
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.
Bachelor’s Degree in Business, Finance or Accounting required.
Minimum of three–five years’ experience with Cost Accounting with preference given to experience in a manufacturing environment. Special consideration given to individuals with prior experience using Percentage of Completion (POC) Accounting.
Good interpersonal, communication and presentation skills.
Ability to multi-task and work on multiple tasks simultaneously.
Must be a team player, who is committed to company and individual performance targets.
Must be a self-starter and willing to ask questions when unsure.
Intermediate to advanced excel spreadsheet skills required.
Experience with CIP (Continuous Improvement Process).
Able to work on cross-functional teams with minimal supervision.
Works independently, able to ensure tight Corporate reporting deadlines are adhered to.
Able to effectively communicate findings and concerns to management.
The Financial Analyst shall learn and be able to perform monthly financial report generation by developing their own templates.
Be able to learn the processes and devise new reporting tools to assist the monthly reporting process. Ensure that accurate, timely data is used for qualitative analysis.
The primary function of this position is to provide financial support and assistance for Flowserve’s Raleigh Finance team, including adaption to the new revenue recognition standards set forth under ASC 606. In addition, the incumbent for this position will leverage their strong Accounting knowledge and experience to assist with month-end closing, budgeting and monthly forecast preparation. The incumbent will assist with others within the department and be self- sufficient in Excel and able to quickly grasp new concepts and ERP systems. Incumbent must be a self-starter and able to work independently, with minimal supervision.
This position will primarily be responsible for determining costs within the revenue recognition stream in the Process of ASC606 Revenue Recognition standards. The Financial Analyst/Accountant will be responsible for designing reports and verifying data generated by the system. Actual costs will be accumulated for projects/orders that meet POC criteria.
Additionally, he/she will conduct Project Reviews and POC meetings between operation, sales and Finance.
Cost accounting expertise and business acumen will be used to supplement the contract review work done by other Finance personnel. This approach will help solidify the decisions and documentation of those decisions needed to determine the appropriate method for revenue recognition for various contract that fall under scope of ASC
Advanced degree (MBA) or certification (CPA) preferred.
Experience with a large ERP system (Oracle/SAP) GL preferred.
Familiarity with BPC Reporting is a plus.
Job Posting/Business Card Title:
Primary Posting Location:
Raleigh, North Carolina US
Percentage of Approximate Travel Required:
Job Posting Category:
Finance & Accounting
United States of America
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