Supervisor, Cost Accounting

Flowserve Corporation

Supervisor, Cost Accounting

Kuala Lumpur, MYS

• ID: R-21490
• Job Category: Finance & Accounting
• Job Type: Full time

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Benefits Overview

Hiring Process

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,

• risk, 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

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• Flowserve is a global leader in flow control solutions and aftermarket services. Our people are driven by a shared commitment to building a more sustainable future and making a meaningful impact around the world. With more than 16,000 employees across 50+ countries, we combine global scale with strong local expertise. Our teams bring ingenuity, creativity, and technical excellence to every challenge, delivering innovative products and services that help customers operate more efficiently and reliably. Serving over 10,000 customers worldwide, Flowserve supports industries that provide essential resources such as energy, clean water, pharmaceuticals, and more. Put your talents—and your career—in motion with Flowserve.