Cost Accounting Supervisor

Flowserve Corporation • Taneytown, MD

1d • $99,758 - $149,760 • Hybrid

About The Position

As Cost Accounting Supervisor, you will lead a team of accountants in US GAAP accounting, including revenue accounting for both Point in Time and Percentage of Completion methods, accruals, account reconciliation, controls, journal entries, supplemental reporting, ad-hoc queries, and adjustments. You lead the team in month-end, quarter-end and year-end closings, reconciliations, controls, and audit processes.

Requirements

• Bachelor’s degree in accounting, Finance, or related field
• 5-7 years of progressive accounting experience
• 2+ years of people management or supervisory experience
• Strong knowledge of US GAAP
• Experience with month-end, quarter-end, and year-end close
• Experience preparing and reviewing journal entries, accruals, and account reconciliations
• Revenue recognition experience, including Point-in-Time and Percentage of Completion (POC)
• Project accounting experience, including Estimate at Completion (EAC) and Work in Progress (WIP)
• Cost accounting experience in a manufacturing or project-based environment
• Inventory accounting experience, including standard costing and physical inventory counts
• Experience establishing and maintaining internal controls
• Experience supporting internal and external audits
• Advanced Microsoft Excel skills
• Ability to manage multiple priorities and meet deadlines
• Strong written and verbal communication skills
• This is a hybrid role. Onsite 4 days per week / 1 day remote

Nice To Haves

• CPA or CMA certification
• SAP ERP experience
• Experience with ERP implementation or system migration
• Manufacturing, industrial, or engineered-to-order environment experience

Responsibilities

• Supervise a team of 2-3 accountants in day-to-day work.
• Supervise the day-to-day accounting, period end closing processes and account reconciliations under US-GAAP.
• Ensure accurate and controlled financial statements for your site.
• Become and stay current with all company policies, accounting and relevant corporate policies
• Support internal and external audits.
• Play an active role in the implementation of a new ERP with a go-live date of May 1st 2026. SAP is the global enterprise solution and has been successfully implemented in a number of sites in Flowserve.
• Responsible for balancing team workload and ensuring period-end deadlines and other KPI targets are met for the team which include: Project accounting including POC Estimate at Complete, incurred to date, liquidated damages Reserves including warranty, obsolete and slow-moving inventory, lower of cost or market and loss contract Accounts Receivable exceptions for progress billing and bad debt Sales and Use tax reporting from ERP to Corporate Tax Supplemental reporting of inventory, bookings, backlog, sales and cost of sales, sales by destination, profit in inventory, Contract Asset/Liability roll, reserves roll forward, and commercial commitments
• Perform review and posting of annual physical inventory and standard cost roll
• Ensure completion of annual fixed asset verification
• Review monthly aged WIP and quarterly WIP cycle counting.
• Help develop an environment and culture that supports the attraction and retention of quality talent.
• Develop, implement, and maintain effective internal controls.
• Build a culture of achievement, operational excellence and continuous improvement.
• Maintain a good relationship with site leadership to ensure a healthy service level and fluid communication of issues, concerns and victories.
• Other duties as assigned

Benefits

• Starting from Day 1: 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

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level