Flowserve Corporation Cost Accountant in Taneytown, Maryland

Company Overview:

Flowserve is the recognized world leader in supplying pumps, valves, seals, automation, and services to the power, oil, gas, chemical, and other industries. With more than 18,000 employees in more than 55 countries, we combine our global reach with a local presence.

Position Description:

Perform project cost accounting function

  • Perform job costing and closing per revenue recognition policy

  • Maintain estimated costs in the system

  • Analyze backlog margin for monthly closing and forecasting

  • Review inventory classification and balance for completeness and accuracy

  • Distribute the product line profitability report to management

Perform Percentage of Completion Accounting as per ASC 606 Revenue from Contracts with Customers

  • Assemble required data and documents

  • Reconcile contract portfolio vs. Policy IQ

  • Perform reasonability analysis of estimates (initial vs. SAP, subsequent vs. prior period, and actual costs.

  • Prepare cost to cost calculation under percentage of completion method

  • Record journal entries and communicate with the sites within the scope of center of expertise

Maintain over time / POC files for each contract

Position Requirements:

  • Bachelor degree in Accounting or Finance

  • Three plus years of experience in general accounting or cost accounting roles

  • Prior experiences of job costing in manufacture-to-order environment desired

· Attention to detail and accuracy with the ability to package and present complex information in an effective and efficient manner

· Able to multi-task in high pressure, time-constrained situations

· Strong PC skills including Windows and Microsoft Office

· Experience with SYMIX, Oracle or other major ERP systems

Primary Posting Location:

Taneytown, Maryland US

Job Posting/Business Card Title:

Cost Accountant

Percentage of Approximate Travel Required:


Job Posting Category:

Finance & Accounting


United States of America


See above.

Employment Type:

Full time

Relocation Eligible:


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