Supervisor, Cost Accounting
Flowserve · Kuala Lumpur
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.
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.
• 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 fastchanging 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
Req ID : R-21490
Job Family Group : Finance & Accounting
Job Family : FA Accounting
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 employment@flowserve.com. 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.
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