Statutory Accountant

Flowserve Corporation; India; Hybrid; INR 900,000 - 1,300,000; Full time

Benefits offered by this job

Life insurance

Health insurance

Cafeteria package

Job summary

Flowserve Corporation seeks a Statutory Accountant to ensure compliant financial reporting across multiple legal entities within its multinational Business Services Center. You will support statutory reporting under local GAAP and US GAAP, coordinate compliance activities, and partner with Tax, Legal, HR, and external auditors.

Your work will strengthen financial controls, improve the quality of statutory reporting, and drive operational excellence through standardization and process

Qualifications

• Bachelor’s degree in Finance, Accounting, or related field.
• 3–5 years of progressive accounting experience in a multinational/shared services environment.
• Excellent written and verbal communication in English.
• Proficiency in Microsoft Office applications including Excel, Word, PowerPoint.
• Strong knowledge of ERP systems, preferably SAP or Oracle.
• Advanced Excel skills and strong analytical ability.

Responsibilities

• Assist with preparation and review of monthly, quarterly, and annual financial statements and management reports.
• Support month-end and year-end close, ensuring accuracy and compliance with US GAAP and local GAAP.
• Prepare and review statutory accounts for multiple entities under local standards (UK GAAP, HGB, French GAAP).
• Maintain US GAAP bridge workings, adjustment schedules, and disclosures.
• Coordinate year-end statutory audits and respond to auditor queries.
• Ensure timely filing of statutory accounts with local registries and authorities.
• Maintain audit files and narrative disclosures for statutory and management reporting.
• Collaborate with Tax, Legal, and other teams to resolve financial issues and improve data accuracy.
• Support ERP enhancements, automation, and process-improvement programs.

Skills

English communication

Advanced Excel

ERP knowledge

Stakeholder management

Attention to detail

Education

Bachelor’s degree in Finance/Accounting

Professional accounting qualification (ACA/ACCA/CPA/CMA)

Tools

SAP

Oracle

Job description

Job Description:

Your Role and Impact

As a Statutory Accountant, you will help ensure accurate, compliant, and timely financial reporting across multiple legal entities within Flowserve's multinational Business Services Center. You will support statutory reporting under local GAAP and US GAAP, coordinate compliance activities, and partner with Finance Shared Services, Tax, Legal, HR, Procurement, IT, and external auditors.

Your work will strengthen financial controls, improve the quality of statutory reporting, and drive operational excellence through standardization, process improvement, and effective stakeholder collaboration.

Key Responsibilities

• Assist with the preparation and review of monthly, quarterly, and annual financial statements and management reports.
• Support month-end and year-end close activities, ensuring accuracy, timeliness, and compliance with corporate policies, US GAAP, and local GAAP requirements.
• Prepare and review annual statutory accounts for multiple legal entities under applicable local accounting standards, such as UK GAAP, HGB, and French GAAP.
• Reconcile statutory accounts to US GAAP management and group accounts.
• Maintain detailed local-to-US GAAP bridge workings, adjustment schedules, statutory reserves, and disclosures.
• Coordinate year-end statutory audits, respond to auditor queries, and support the timely completion of audits.
• Ensure statutory accounts and related documentation are filed with local registries and authorities on time.
• Maintain robust audit files, supporting documentation, and narrative disclosures for statutory and management reporting.
• Review local postings impacting statutory ledgers, including dividends, capital injections, impairments, and intercompany transactions.
• Partner with Tax on corporate income tax and withholding-tax disclosures included in statutory accounts.
• Support legal-entity changes, including mergers and acquisitions, carve-outs, liquidations, and related statutory filings.
• Act as a central contact for Business Services Center teams, Accounting Managers, and other stakeholders on financial issues, requests, and advisory needs.
• Collaborate with Finance Shared Services, Operations, HR, Procurement, IT, Legal, and Tax to resolve financial issues and improve data accuracy.
• Support cross-functional initiatives, including ERP enhancements, automation projects, and process-improvement programs.
• Identify opportunities for process standardization, efficiency, and stronger service delivery within shared-services operations.
• Support internal and external audits and ensure adherence to corporate compliance standards.
• Execute and maintain controls and documentation consistent with the US SOX and global control framework.
• Provide guidance on the appropriate application of US GAAP, SOX requirements, and statutory accounting principles.
• Support finance-process training and knowledge-sharing sessions.
• Develop an end-to-end understanding of relevant finance and high-level IT processes across the ERP landscape.
• Support continuous-improvement initiatives, using data analytics and best practices to improve service delivery and drive KPI performance.
• Perform other ad hoc tasks assigned by the direct leader or management.

Required Qualifications

• Bachelor's degree in Finance, Accounting, or a related field.
• 3-5 years of progressive accounting experience in a multinational, Shared Services, or Global Business Services environment.
• Excellent written and verbal communication skills in English.
• Proficiency in Microsoft Office applications, including Excel, Word, and PowerPoint.
• Strong knowledge of ERP systems, preferably SAP, Oracle, or comparable platforms.
• Advanced Excel skills.
• Strong analytical judgment, problem-solving ability, and attention to detail.
• Ability to work reliably to deadlines and manage multiple priorities.
• Comfortable working in a matrixed, global environment with remote stakeholders.
• Strong stakeholder-management skills and the ability to influence without direct authority.
• Ability to remain calm and effective under audit pressure.
• Strong sense of ownership and a continuous-improvement mindset.

Preferred Qualifications

• Professional accounting qualification, such as ACA, ACCA, CPA, CMA, or an equivalent certification.
• Experience with consolidation and financial-close tools, such as HFM, OneStream, or BlackLine.
• Experience in a Shared Services or Global Business Services environment.
• Experience supporting multi-jurisdictional and multi-currency statutory reporting.
• Experience with statutory-linked tax disclosures.
• Additional European language skills.
• Experience with ERP enhancement, automation, or finance transformation projects.

What We Can Offer You

• Friendly multicultural environment and team events.
• Life, accident, and health insurance.
• Cafeteria package.
• Career development and training opportunities.
• Opportunity for hybrid work.

Join our global Finance team and build your accounting career in a supportive environment.