Senior Cost Accountant

FLOWSERVE CORPORATE; Matthews (NC); On-site; USD 85,000 - 120,000; Full time

Benefits offered by this job

Competitive Salary

Medical, Dental & Vision Insurance

Retirement Planning & Financial Well-­

Flexible Spending Account (FSA) & HSA

Disability coverage

Job summary

Flowserve, a global leader in flow control, seeks a Senior Cost Accountant for its Charlotte, NC facility. You will partner with regional teams to strengthen project costing, inventory accuracy, revenue accounting, and timely financial reporting under US GAAP.

Responsibilities include period-end close, cost analysis, and process improvements across multiple locations, with cross-functional collaboration and strong Excel/SAP proficiency.

Qualifications

• Bachelor’s degree in Accounting, Finance, or a related field.
• Five+ years of cost accounting experience, preferably in industrial manufacturing or project-based settings.
• Experience with discrete job costing and cost-to-cost percentage-of-completion accounting.
• US GAAP knowledge and ASC 606 experience.
• Proficient in SAP and a tier-1 ERP with advanced Excel skills.

Responsibilities

• Perform cost accounting, GL activities, period-end close, reconciliations, and analysis.
• Analyze sales, margins, inventory, and project costs; coordinate with Operations.
• Support cost-to-cost and revenue accounting for project forecasts (EAC).
• Participate in project reviews; assess LC and loss contracts impacts.
• Collaborate with PM, Supply Chain, Manufacturing, Planning, Engineering, and Finance.
• Research issues, propose process improvements, and improve data accuracy.
• Assist internal/external audits with documentation and compliance.

Skills

Cost accounting

US GAAP knowledge

Analytical skills

Cross-functional collaboration

Education

Bachelor’s degree in Accounting or Finance

Tools

SAP

ERP (Tier 1)

Excel (PivotTables, XLOOKUP)

Job description

Company Overview:

Flowserve is a global manufacturer of pumps, valves, seals, and aftermarket services, delivering comprehensive flow control solutions that support essential industries such as energy, clean water, and pharmaceuticals. If you're looking for a culture built on ingenuity, innovation, and excellence, Flowserve offers the opportunity to put your experience in motion. Whether you're an individual contributor or a people leader, you'll find meaningful opportunities for professional growth, competitive rewards, and a workplace grounded in our core values: People, Safety, Integrity, Ownership and Ingenuity. At Flowserve, we're inspired by what we can achieve together—creating extraordinary flow control solutions that strengthen today's world while building tomorrow.

Your Role and Impact

As a Senior Cost Accountant, you will provide cost accounting expertise and financial insight for Flowserve’s Charlotte, North Carolina facility, with additional support for the regional accounting team in Vernon, California. You will partner with Regional Accounting Leadership, Finance Business Partners, and cross-functional teams to strengthen project costing, inventory accuracy, revenue accounting, and timely financial reporting.

Reporting to the Cost Accounting Supervisor, you will support project-based accounting across multiple locations. This role is well suited for an accounting professional with experience in discrete job costing, cost-to-cost percentage-of-completion accounting, SAP, and US GAAP.

Key Responsibilities

• Perform cost accounting, transactional, and general ledger activities, including period-end close, reconciliations, supplemental reporting, and account analysis.
• Analyze sales, margins, inventory, job costs, and project costs; partner with Operations to resolve inventory and cost-related issues.
• Support cost-to-cost percentage-of-completion and point-in-time revenue accounting by providing accurate cost and margin information for project forecasted EAC.
• Participate in project review meetings and evaluate project costs, lower-of-cost-or-market requirements, loss contracts, and related accounting impacts.
• Partner with Project Management, Supply Chain, Manufacturing, Planning, Engineering, and Finance Business Partners to analyze costs and improve business processes.
• Research cost-accounting issues, identify root causes, recommend process improvements, and improve the accuracy of accounting records.
• Support internal and external audit activities, including documentation, explanations, reporting, and compliance with company policies and US GAAP.
• Collaborate with the Business Services Center and regional accounting teams to ensure accurate transactions, reporting, and timely completion of close activities.

Required Qualifications

• U.S. citizenship is required due to potential support of military-related contracts.
• Bachelor’s degree in Accounting, Finance, or a related field.
• Five or more years of relevant cost accounting experience, preferably in industrial manufacturing or a project-based environment.
• Experience with discrete job costing and cost-to-cost percentage-of-completion accounting.
• Working knowledge of US GAAP & ASC 606
• Experience using a tier 1 ERP, advanced Microsoft Excel skills, including PivotTables, XLOOKUP, and complex data analysis.
• Strong analytical, problem-solving, communication, and organizational skills, with the ability to present complex information clearly in a cross-functional environment.
• Ability to manage multiple priorities, work independently, and adhere to reporting deadlines.

Preferred Qualifications

• Advanced degree or professional certification, such as a Master of Business Administration (MBA), Certified Public Accountant (CPA), or Certified Management Accountant (CMA).
• Background in industrial equipment, engineered products, manufacturing, or contract-based operations.
• Knowledge of lower-of-cost-or-market (LCM), loss contracts, inventory accounting, and project EAC forecasting.
• Familiarity with multinational organizations and geographically distributed accounting teams.
• Proficiency with Power Query, Power Pivot, or other Microsoft data-analysis tools.
• Involvement in initiatives that improve financial close timelines, operational efficiency, obsolete and slow moving inventory, rework, scrap, or related performance measures.

What We Can Offer You

At Flowserve, you'll find a range of options to fit your, and your family's, needs. We want to provide our team with the right resources to invest in your physical, mental and financial well-being no matter where you sit or what stage of life you're in.

Our benefits include:

• Competitive Salary
• Medical, Dental & Vision Insurance
• Retirement Planning & Financial Wellness Resources
• Flexible Spending Account (FSA) and Health Savings Account (HSA)
• Short- and Long-Term Disability
• Parental Leave
• Life, Supplemental Life, Child, Spousal, and AD&D Insurance
• Benefits vary by job, location and/or collective bargaining agreement.

EOE including Disability/Protected Veterans. Flowserve will also not discriminate against an applicant or employee for inquiring about, discussing or disclosing their pay or, in certain circumstances, the pay of their co-workers. Pay Transparency Nondiscrimination Provision

If you are a qualified individual with a disability or a disabled veteran, you have the right to request a reasonable accommodation if you are unable or limited in your ability to use or access flowservecareers.com as result of your disability. You can request a reasonable accommodation by sending an email to [e-mail]. In order to quickly respond to your request, please use the words "Accommodation Request" as your subject line of your email. For more information, read the Accessibility Process.