Statutory Accounting Specialist

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

Benefits offered by this job

Life, accident, and health insurance

Cafeteria package

Career development and training

Job summary

Flowserve Corporation seeks a Statutory Accounting Specialist to ensure accurate, timely reporting and statutory compliance across multiple entities. You will partner with global Finance teams and auditors, maintain internal controls, and drive process improvements in a multinational setting.

Responsibilities include statutory statements preparation, close activities, audits, and ERP enhancement support, with the option for hybrid work and exposure to cross‑regional GAAP requirements.

Qualifications

• Bachelor's degree in Finance, Accounting, or related field is required.
• 4–6 years of progressive accounting experience in a multinational company or shared services environment.
• Strong statutory accounting and financial reporting experience.

Responsibilities

• Support month-end and year-end close activities with US GAAP, local GAAP, and policies.
• Prepare and review annual statutory financial statements under UK GAAP, HGB, and French GAAP.
• Review local accounting entries affecting statutory ledgers (dividends, capital injections, impairments, intercompany).
• Support statutory reserves, disclosures, and local-to-US GAAP reconciliations during monthly/quarterly closes.

Skills

Analytical skills

Organizational skills

Problem-solving

English communication

Education

Bachelor's degree in Finance/Accounting

Tools

SAP

Oracle

Job description

Job Description:

Your Role and Impact

As a Statutory Accounting Specialist, you will play a key role in delivering accurate, timely, and compliant financial reporting within Flowserve’s Business Services Center. You will apply your technical accounting expertise to support statutory compliance across multiple legal entities while partnering with global Finance teams and external auditors.

Your work will help ensure high-quality statutory reporting, strong internal controls, and continuous improvement across finance processes in a dynamic multinational environment.

Key Responsibilities

• Support month-end and year-end close activities, ensuring accuracy, timeliness, and compliance with US GAAP, local GAAP, and corporate policies.
• Prepare and review annual statutory financial statements for multiple legal entities under applicable local accounting standards, including UK GAAP, German GAAP (HGB), and French GAAP.
• Review local accounting entries affecting statutory ledgers, including dividends, capital injections, impairments, and intercompany transactions.
• Support statutory reserves, disclosures, and local-to-US GAAP reconciliations during monthly and quarterly close activities.
• Ensure compliance with SOX requirements and the company’s global internal control framework.
• Coordinate year-end statutory audits and serve as the primary contact for external auditors.
• Respond to audit requests and ensure statutory audit deliverables are completed accurately and on time.
• Support ERP enhancements, automation initiatives, and process‑improvement projects.
• Maintain accurate statutory accounting documentation, reconciliations, and audit support files.
• Collaborate with global Finance stakeholders to resolve statutory reporting and compliance matters.

Required Qualifications

• Bachelor’s degree in Finance, Accounting, or a related field.
• 4–6 years of progressive accounting experience in a multinational company, Shared Services, or Business Services environment.
• Strong statutory accounting and financial‑reporting experience.
• Solid knowledge of US GAAP and at least one local accounting standard, such as UK GAAP, German GAAP (HGB), or French GAAP.
• Experience working with ERP systems, such as SAP, Oracle, or comparable platforms.
• Advanced Microsoft Excel skills and strong proficiency in Microsoft Office applications.
• Excellent written and verbal communication skills in English.
• Communicational level of Italian or French, written and spoken.
• Strong analytical, organizational, and problem‑solving skills.
• Ability to manage multiple priorities and meet deadlines in a fast‑paced, international environment.

Preferred Qualifications

• Professional accounting qualification, such as ACA, ACCA, CPA, CMA, or an equivalent certification.

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.