Cost Accounting Supervisor

Flowserve Corporation; Houston (TX); On-site; USD 110,000 - 160,000; Full time

Job summary

Flowserve Corporation in Houston seeks an experienced Cost Accounting Manager to lead a dedicated cost accounting team across multiple sites, partnering with Finance Business Partners and leadership to deliver actionable cost insights and governance of the costing model.

The role focuses on standard costs, labor and overhead rates, inventory accounting, margin analysis, and cost improvement initiatives to support strategic decisions and improve operational performance across the organization.

Qualifications

• Bachelor's degree in Accounting, Finance, Business, or a related field.
• 5–7 years of progressive cost accounting experience in manufacturing or related disciplines.
• Experience leading or supervising accounting teams preferred.
• Strong knowledge of cost accounting, inventory accounting, standard costing, and financial analysis.
• POC accounting experience preferred.
• Experience in a project-based manufacturing or engineering environment.

Responsibilities

• Lead and develop the Cost Accounting team with clear priorities.
• Drive continuous improvement in processes and efficiency.
• Establish standard costs, labor and overhead rates, and costing methods.
• Oversee inventory accounting, cycle counts, valuation and rate calculations.
• Perform margin analyses, project reviews, and pricing support.
• Collaborate with cross-functional teams on financial analyses and special projects.

Skills

Cost accounting

Manufacturing finance

Financial analysis

Team leadership

ERP knowledge

Education

Bachelor’s degree in Accounting, Finance, or related field

Tools

SAP

Oracle

BPC

Job description

We are seeking an experienced Cost Accounting Manager to lead a Cost Accounting team and provide cost accounting expertise across multiple sites and business platforms. In this role, you will partner closely with Finance Business Partners and leadership teams to deliver financial insights, strengthen cost accounting processes, and ensure effective governance of the cost accounting model. This position offers the opportunity to drive continuous improvement, support strategic decision-making, and enhance operational efficiency across the organization.

Key Responsibilities

• Lead and develop the Cost Accounting team by setting priorities, managing workloads, and ensuring accountability for deliverables.
• Drive continuous improvement initiatives focused on team effectiveness, process optimization, and operational efficiency.
• Partner with the Accounting Manager and Finance Business Partners to establish standard costs, labor and overhead rates, and other costing methodologies while evaluating the impact on product costs.
• Oversee inventory accounting activities, including physical inventory and cycle count audits, variance analysis, inventory valuation, material classifications, and purchasing rate calculations.
• Provide guidance and resolve complex cost accounting issues, including margin analysis, project reviews, customer quotation support, productivity analysis, efficiency metrics, and capacity utilization assessments.
• Investigate root causes of cost model and financial reporting issues and recommend process improvements and policy enhancements.
• Participate in Project Status Reviews to identify and validate project costs for revenue recognition under both Percentage-of-Completion (POC) and Point-in-Time accounting methods.
• Collaborate with cross-functional teams to support business initiatives, financial analysis, and special projects.
• Perform other duties and responsibilities as assigned.

Qualifications & Experience

• Bachelor’s degree in Accounting, Finance, Business, or a related field.
• 5 to 7 years of progressive experience in cost accounting, manufacturing finance, or related disciplines.
• Prior experience leading or supervising accounting teams preferred.
• Strong knowledge of cost accounting principles, inventory accounting, standard costing, and financial analysis.
• Experience with Percentage-of-Completion (POC) accounting is preferred.
• Background in a project-based manufacturing or engineering environment preferred.
• Excellent analytical, research, and problem-solving skills with a proactive approach to issue resolution.
• Demonstrated ability to assess business challenges and recommend effective financial solutions.
• Strong written and verbal communication skills with the ability to effectively present financial information to diverse stakeholders.
• Experience working within decentralized, matrixed organizations.
• Proficiency with ERP and financial systems such as SAP, Oracle, and/or BPC is a plus.

Why Join Us?

This is an excellent opportunity to play a key role in shaping cost accounting practices across a multi-site organization while partnering with leaders to drive financial performance, operational excellence, and continuous improvement.: