Flowserve Corporation Accountant in Raleigh, North Carolina

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:

Responsible for planning, evaluating, implementing, controlling and continuously improving all aspects of credit, collection and Accounts Receivable functions in a manufacturing environment. Establish and maintain professional relationships with customers (internal and external). Direct interaction with at risk customers in resolving receivable and credit issues. Assess customer and supplier credit risk. Implement processes to improve cash flow and reduce DSO. Monitor and negotiate the collection of overdue accounts. Manage Dispute Management, Supplier MDM, cash and banking functions. Adherence to Flowserve Accounting Policies and Procedures, Ethic and Compliance Standards and Safety First culture.

Accounts Receivable Job Functions:

  • Oversee timely collection follow up all customer accounts with specific focus on accounts over 30 days past due.

  • Ensure cash receipts are posted timely and properly applied to customer accounts.

  • Work with Corporate Legal and maintain Bankruptcy files on customers filing bankruptcy.

  • Oversee and assist with managing unapplied receipts, short paid invoices and Charge Backs.

  • Address customer complaints concerning billing, working with Internal departments to resolve.

  • Prepare Accounts Receivable adjustments as needed in reconciling customer accounts.

  • Review monthly unbilled receivables, retention receivables, and aging of past due accounts through bad debt reserves.

  • Conduct regular Accounts Receivable meetings with Inside Sales and Project Management.

  • Review and approve Inter-company cash transfers and Inter-company confirmations.

Credit Manager Responsibilities:

  • Manage and conduct credit checks on all customers and establish credit terms and limits.

  • Periodic review of existing customer accounts.

  • Interface with sales organization to communicate credit decisions regarding new and existing customer accounts.

  • Resolve credit issues with customers.

  • Report and monitor deviations from approved customer payment terms and credit limits.

Cash and Banking Management:

  • Download daily bank reports, identifying site cash received (current day , prior day, lock box).

  • Claim cash from pending and unidentified reports.

  • Review and monitor Corporate unidentified cash report.

  • Scan company checks for deposit into Bank of America account

Dispute Management:

  • Set up new users with responsibilities

  • Prepare reports as required

  • Attend weekly Accounts Receivable meetings with Inside Sales Team

Other Responsibilities:

  • Review and approve credit terms for SAP’s – obtaining Corporate credit approval when over limit

  • Advise Order entry team of approved credit terms in support of customer quotes with terms outside of established customer terms and limits .

  • Daily review customer sales order credit hold list-release holds as required within established company guidelines.

  • Obtain required bank letters to support Inside Sales and Project Managers.

  • Maintain cash in advance/progress payment lists as tool to identify cash received.

  • Review and monitor Project Team AR Tracking worksheet for timely invoicing and collection follow up.

Position Requirements:

Knowledge, Skills and Abilities Required:

  • Bachelor's Degree in Accounting, Finance, or related field required.

  • Highly developed interpersonal skills with excellent organizational skills and strong attention to detail.

  • At least 5 years’ experience in Credit, Collections and Accounts Receivable

  • Excellent problem solving and critical thinking skills; ability to apply judgement and operate effectively in a decentralized, unstructured and dynamic environment.

  • 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 oral and written communication skills.

  • Strong PC skills including Windows and Microsoft Office products, especially Excel.

  • Familiarity of Dun & Bradstreet or similar reporting procedures.


  • Experience in a manufacturing environment.

Primary Posting Location:

Raleigh, North Carolina US

Percentage of Approximate Travel Required:


Job Posting/Business Card Title:


Job Posting Category:

Finance & Accounting


United States of America

Employment Type:

Full time

Relocation Eligible:


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