Supervisor, Cost Accounting

Flowserve Corporation; Kuala Lumpur; On-site; MYR 120,000 - 180,000; Full time

Job summary

Flowserve Corporation in Malaysia seeks a Supervisor, Cost Accounting to lead a cost-accounting team, drive accurate monthly close, and deliver insightful financial reporting for manufacturing units.

The role emphasizes SOX compliance, process improvements, stakeholder collaboration with finance, and advanced Excel/ERP proficiency. Fluency in English and Mandarin is a plus.

Qualifications

• Bachelor's degree in Accounting/Finance; CPA or equivalent preferred.
• 5+ years of relevant cost-accounting experience, including shared services.
• Strong knowledge of US GAAP or IFRS and internal controls.

Responsibilities

• Lead monthly close and reporting for assigned units, ensuring accuracy and timeliness.
• Oversee sales and margin analyses and monitor manufacturing variances.
• Coordinate annual Standard Cost Roll and project-review processes.
• Ensure SOX compliance and robust internal controls across cost accounting.
• Coach and develop team members; manage performance and succession planning.
• Partner with finance business partners to support forecasts and variance explanations.

Skills

Team leadership

Analytical ability

English communication

Education

Bachelor's degree in Accounting/Finance

CPA or equivalent

Tools

Oracle

SAP

BPC

Excel

Job description

The Supervisor, Cost Accounting leads a cost-accounting team responsible for accurate, timely, controlled financial reporting and analysis for assigned reporting units. The role combines people leadership, month-end execution, manufacturing-cost analysis, compliance, stakeholder partnership, and continuous process improvement.

Key Responsibilities

Team Leadership and People Management

• Supervise the team’s day-to-day cost-accounting activities, including monthly close, reporting, reconciliations, cost analysis, project reviews, valuation adjustments, and supplemental reporting.
• Balance workloads and ensure month-end deadlines, reporting timetables, service levels, and KPI targets are achieved.
• Forecast and monitor team capacity, leave, overtime, and operational activity while maintaining quality and legal compliance.
• Establish backup coverage and cross-training to protect continuity of service.
• Recruit, onboard, coach, mentor, develop, and retain capable team members.
• Lead performance management, talent assessment, succession planning, and development planning for the team.
• Foster an engaged, accountable culture of operational excellence, continuous improvement, and Flowserve values.

Cost Accounting, Closing, and Financial Analysis

• Lead and review monthly closing and reporting activities for assigned reporting units, ensuring complete, accurate, and timely financial information.
• Oversee sales and margin analysis and monitor manufacturing variances, identifying drivers, risks, and improvement opportunities.
• Coordinate and review the annual Standard Cost Roll process.
• Review sales- and production-related valuation adjustments, including penalties, warranty costs, inventory write-offs, and slow- and obsolete-stock considerations.
• Ensure preparation and quality review of project-review summaries, including the process to sign off orders.
• Lead completion and review of monthly Supplemental Reports and Quarterly Site Analytics templates.
• Partner with finance business partners to support forecasts, variance explanations, and deviation analyses.
• Provide clear team reporting to stakeholders through regular and ad hoc reporting.

Controls, Compliance, and Governance

• Ensure compliance with Flowserve policies, ethical standards, US GAAP, SOX, and applicable local statutory requirements.
• Implement and maintain effective internal controls for the cost-accounting area, embedding governance standards across end-to-end processes.
• Demonstrate and maintain a thorough understanding of financial controls for local and SOX requirements.
• Monitor appropriate systems access for team members in line with SOX, legal, and Flowserve process requirements.
• Coordinate and respond to internal and external audit requests.

Process Excellence and Stakeholder Management

• Maintain current process documentation, workflows, and the team knowledge base.
• Identify, propose, and lead process improvements, including projects that strengthen efficiency, control, quality, or service delivery.
• Work with process subject-matter experts, BSC teams, and sites to support transitions of Responsibilities Into The BSC Where Required.

Responsibilities Into The BSC Where Required

• Build productive working relationships with site leadership, procurement, finance business partners, and other internal or external stakeholders.
• Partner with stakeholders to support accurate, controlled financial statements within the assigned domain.

Qualifications And Experience

• Bachelor’s degree in Accounting, Finance, Economics, Business Studies, or a related discipline; an accounting degree is required for GL Supervisor roles, while economic or business studies are preferred for finance supervisor roles.
• At least five years of relevant experience, including at least two years in a shared-service center; cost-accounting experience in a manufacturing environment is essential for this role.
• CPA, Chartered Accountant, or equivalent qualification is preferred.
• Sound knowledge of US GAAP or IFRS, together with practical knowledge of SOX and internal controls.
• Experience with Oracle, BPC, and SAP is beneficial.
• Advanced Excel capability and confident use of Microsoft Office applications.

Skills and Competencies

• Demonstrated ability to motivate, coach, develop, and manage people.
• Strong analytical ability, attention to detail, and sound judgment in resolving complex financialaccounting matters.
• Clear written and verbal communication skills in English, including the ability to negotiate and influence stakeholders.
• Strong ownership, proactivity, and problem-solving orientation.
• Ability to prioritize competing demands, work independently, and perform effectively in a fast-changing environment.
• Continuous-improvement mindset; Lean Six Sigma exposure is an advantage.
• Ability to build and sustain effective stakeholder relationships and to lead process change.
• Native or business-level Mandarin communication skills.