Flowserve Corporation Plant Controller in Guelph, Canada
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.
At Flowserve, working on global infrastructure projects is just another day at the office but it takes the brains and imagination of our more than 19,000 employees to get the job done right. If the solution exists, we’ll find it. If it doesn’t, we’ll create it. Experience, leadership and creativity are the tools we use to turn an idea into a solution.
Together, we enable the world.
The Plant Controller is responsible for the financial activities of the Guelph site, US entity, Corporate Canada and the Canadian holding companies to effectively budget, record and analyze revenue and expenses to ensure proper accounting in accordance with Canadian and US prescribed Generally Accepted Accounting Principles (GAAP). Protection of the Company's assets and ensuring proper internal controls and segregation of activities is critical to this job. Assisting the General Manager in the daily conduct of business and the Corporate Tax department are essential elements of this role.
Flowserve welcomes and encourages applications from people with disabilities. Accommodations are available on request for candidates taking part in all aspects of the selection process.
Support the General Manager and functional leadership in site budgeting, forecasting, cost management and control.
Manage and participate in the monthly, quarterly and year end closing process
Prepare (ad hoc) financial reports for local and division management
Ensure that accounting practices comply with corporate policies and procedures and regulatory requirements.
Coordinate the development of financial reports that provide financial information to support business decisions and meet Corporate reporting requirements.
Ensure account reconciliations are performed according to Flowserve policies and procedures on a timely basis and that reconciling items are promptly investigated and adjusted. Regularly review the reconciliations.
Report on metrics that assess performance and progress toward achieving plan objectives, programs and projects.
Provide proactive business and financial analysis, identify important trends and perform detailed variance analysis to assist the operations in achieving its objectives.
Maintain an adequate system of internal controls to provide reasonable assurance that assets are protected and results are properly reported. Coordinate periodic tests and ensure that there are no material weaknesses or significant deficiencies in controls that would require reporting under the Sarbanes Oxley regulations.
Maintain and further develop budgeting and forecasting procedures regarding Flowserve key metrics
Participate in the sales and operations (S&OP) planning process to ensure that plans and forecasts reflect the business and that any gaps are identified early and appropriate actions are taken to protect the plan.
Coordinate inventory & fixed asset control and reporting.
Maintain an appropriate cost accounting system aligned with the platform methods that costs are appropriate and updated on a timely basis. Ensure that costs used for estimating purposes are appropriate and comprehensive.
Analyze make versus buy and outsourcing opportunities to ensure that appropriate conclusions are reached that maximize the profitability of the business.
Coordinate invoicing, accounts receivables and accounts payable activities as appropriate.
Provide appropriate evaluations and analyses for capital expenditure or other investment opportunities and ensure compatibility with business objectives.
Ensure applicable sales, GST, use and property taxes are appropriately reported, not overstated and are filed on a timely basis.
Follow treasury policies for credit and collections, cash management, foreign exchange, risk management and other applicable procedures.
Assist corporate tax department with the finance aspect of tax restructurings re the Canadian holding companies
Manage the (statutory) audit process
Ensure income tax compliance for the Canadian Operation and the Canadian holding companies by preparing consolidated financial statements for the Canadian Operation, getting information from the rest of the Canadian locations, preparing income tax returns and paying income tax installments on a timely manner.Participate and/or lead global special key projects and or initiative
Bachelor's degree in Accounting or Finance is required
Professional certification or postgraduate like CMA, CGA, CA, MBA, or CPA is required
of 8 years of financial accounting experience in a manufacturing or
service business and 3 years experience in a management role.
Exposure or experience with Sarbanes Oxley (SOX) regulations and compliance
Experience working with a Publicly Traded Company is required
Knowledge and experience with t ax returns in Canada is required
experience in troubleshooting and implementing accounting controls,
budgeting and forecasting processes, along with solid business skills to
compliment technical accounting and finance skills.
Proven leadership competencies demonstrated through successfully leading teams Strong analytical skills Experience with integrated ERP systems (SAP, Hyperion, Oracle) and proficient with MS Office, mainly Excel. Honest with excellent communication skills. Ability to work flexible hours, occasional evening and weekends may be required to meet deadlines
Ability to work flexible hours, occasional evening and weekends may be required to meet deadlines
Experience with US GAAP would be an asset
Job Posting Category Finance & Accounting
Employment Type Full time
Percentage of Approximate Travel Required 5%
Other Posting Location
Relocation Eligible No
Req ID 35540BR