Flowserve Corporation Hiring! Full Time Supervisor, Accounting in Federal Territory - Ricebowl

Company Overview:

If a culture of excellence, innovation and ownership is what you’re searching for, consider putting your experience in motion at Flowserve. As an individual contributor, or as a leader of people, your enterprise mindset will ensure Flowserve’s position as the global standard in comprehensive flow control solutions. Here, your opportunity for professional development and industry leading rewards will be supported by our foundational commitments to the values of people first, integrity and safety. Thinking beyond opportunity and reward, at Flowserve, we are inspired by working together to create extraordinary flow control solutions to make the world better for everyone!

The Supervisor – Accounts Payable & Accounts Receivable is responsible for supervising the day-to-day operations of the AP and AR teams within the Business Shared Services Center (BSC). The role ensures timely, accurate and compliant processing of vendor invoices, payments, customer billing, cash application, collections and account reconciliations while meeting defined service levels, KPIs and month-end close deadlines.

The position will lead and develop the AP/AR team, ensure effective internal controls, drive process standardization and continuous improvement, and work closely with Finance, Procurement, Treasury, Sales, business sites and other stakeholders to ensure efficient end-to-end financial processes.

Key Responsibilities

• Accounts Payable
• Supervise the day-to-day AP activities, including invoice processing, invoice validation, three-way matching, payment preparation and vendor account reconciliation.
• Ensure invoices are processed accurately and within agreed service-level timelines.
• Monitor blocked, parked and exception invoices and ensure timely resolution with Procurement, business stakeholders and vendors.
• Review payment proposals and ensure payments are processed accurately and in accordance with approved payment terms and company policies.
• Monitor vendor statements and ensure outstanding items and discrepancies are investigated and resolved.
• Ensure appropriate controls are maintained over vendor master data, invoice processing and payment activities.
• Monitor AP aging and identify overdue invoices, duplicate invoices and other potential risks.
• Support the resolution of vendor queries and escalations in a timely and professional manner.
• Accounts Receivable & Collections
• Supervise customer invoicing, cash application, account reconciliation and collections activities.
• Ensure customer invoices and credit/debit notes are processed accurately and on a timely basis.
• Monitor AR aging and oversee collection activities to ensure outstanding balances are followed up appropriately.
• Review overdue accounts and coordinate with Sales, Finance and business stakeholders to resolve disputed and outstanding items.
• Ensure unidentified and unapplied cash is investigated and cleared in a timely manner.
• Monitor customer account reconciliations and ensure discrepancies are resolved.
• Support credit and collections activities in accordance with company policies and defined procedures.
• Escalate significant overdue balances, disputes and collection risks to appropriate stakeholders.
• Month-End Close & Financial Reporting
• Ensure AP and AR activities are completed accurately and within month-end closing deadlines.
• Review AP and AR reconciliations and ensure outstanding reconciling items are investigated and resolved.
• Support accruals, provisions, reclassifications and other month-end activities relevant to AP and AR.
• Ensure subledger balances are reconciled to the General Ledger.
• Work with the General Accounting team to resolve differences between AP, AR and GL.
• Provide accurate and timely reports and analysis relating to AP and AR activities.
• Team Leadership & People Management
• Supervise, coach and develop AP/AR team members and provide ongoing guidance and feedback.
• Balance team workload and ensure adequate resources are available to meet operational requirements and month-end deadlines.
• Monitor team performance against KPIs, SLAs and other agreed business metrics.
• Establish appropriate backup and cross-training arrangements to ensure business continuity.
• Support recruitment, onboarding and integration of new team members.
• Manage performance, development and planning for team members.
• Foster a culture of accountability, collaboration, operational excellence and continuous improvement.
• Internal Controls, Compliance & Governance
• Ensure AP and AR processes comply with Flowserve policies, US GAAP/IFRS as applicable, SOX requirements and local statutory regulations.
• Maintain effective internal controls across invoice processing, payments, billing, collections, cash application and master data activities.
• Ensure appropriate segregation of duties and system access controls are maintained.
• Monitor and address control deficiencies and implement corrective actions where required.
• Coordinate internal and external audit requests relating to AP and AR.
• Ensure process documentation, workflows and standard operating procedures are current and maintained.
• Ensure business activities are conducted in accordance with Flowserve’s ethical code of business conduct.
• Stakeholder Management
• Build effective working relationships with Procurement, Treasury, General Accounting, Sales, Finance, business sites and other relevant stakeholders.
• Work closely with vendors and customers to resolve invoice, payment, billing and collection issues.
• Partner with process owners and Subject Matter Experts to ensure consistent execution of AP/AR processes across the BSC.
• Provide regular and ad hoc reporting to stakeholders on operational performance, issues, risks and improvement initiatives.
• Act as an escalation point for complex AP/AR issues and drive timely resolution.
• Process Improvement & BSC Transformation
• Identify opportunities to standardize, simplify and automate AP/AR processes.
• Drive continuous improvement initiatives to improve efficiency, quality and customer/vendor experience.
• Support transition of AP/AR activities from business sites into the BSC.
• Ensure knowledge transfer and process documentation are completed during transitions.
• Monitor process performance and identify root causes of recurring issues.
• Promote a continuous improvement and operational excellence mindset within the team.
  
  

Key Performance Indicators

The role will be responsible for monitoring and achieving agreed KPIs, including but not limited to:

• Invoice processing turnaround time and accuracy
• Invoice exception and blocked invoice aging
• On-time payment performance
• Vendor statement reconciliation
• AP aging and overdue balances
• Billing accuracy and timeliness
• AR aging and overdue receivables
• Collection effectiveness
• Days Sales Outstanding (DSO)
• Cash application accuracy and timeliness
• Unapplied/unidentified cash aging
• Account reconciliation completion and accuracy
• Month-end close adherence
• SLA achievement
• Quality and control compliance
• Productivity and continuous improvement targets
  
  

Qualifications & Experience

• Bachelor’s Degree in Accounting, Finance, Business Administration or related field.
• Professional accounting qualification such as ACCA, CPA, CIMA or equivalent is an advantage.
• Minimum 5 years of relevant experience in Accounts Payable, Accounts Receivable, finance operations or shared services.
• Minimum 2 years of supervisory or team leadership experience preferred.
• Previous experience in a Shared Services/BSC environment is preferred.
• Strong understanding of AP and AR processes and end-to-end P2P and O2C cycles.
• Knowledge of US GAAP.
• Understanding of SOX and internal control requirements is an advantage.
• Strong analytical and problem-solving skills.
• Strong communication and stakeholder management skills.
• Excellent written and spoken English.
• Good working knowledge of Microsoft Office, particularly Excel.
• Experience with SAP or other ERP systems is preferred.
• Ability to manage multiple priorities and work effectively under tight month-end deadlines.
• Strong drive for action and proactive approach to identifying and resolving issues.
• Demonstrated ability to motivate, coach and develop team members.
• Ability to manage and drive process changes.
• Continuous improvement mindset; LEAN/Six Sigma experience is an advantage.
  
  

Flowserve is a world-leading manufacturer and aftermarket service provider of comprehensive flow control systems. Join a company whose people are committed to building a more sustainable future to make the world better for everyone. With 16,000+ employees in 50+ countries, we combine our global reach with local presence. Our team challenges themselves to approach each situation with ingenuity and creativity to help provide our customers with the most innovative flow control products and services. We support 10,000+ customers worldwide, creating products to meet the needs of our customers who are supplying energy, fresh water, pharmaceuticals and other essentials to consumers, businesses and governments globally. We invite you to put your talents and career in motion at Flowserve.

Req ID : R-20269

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

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