Regional Accounting Manager

Role Summary:

Manager of General Accounting will be primarily responsible for US GAAP and RAS reporting and leading a team of professional accountants in executing daily, weekly, monthly, and quarterly general accounting processes. In addition, other responsibilities include analyzing monthly activity, managing corporate general ledgers, Fixed Assets, and monthly GL close processes for areas of responsibility, balance sheet account reconciliations including the corporate bank/cash accounts, as well as ensuring SOX and internal control compliance.

Education:

Bachelor’s degree in Accounting, MBA is a plus.
Professional English language skills at least 80% spoken, written and read (Bilingual Spanish-English).

Previous Experience:

5+ years of experience as Controller or Accounting Manager of a US$50M+ industrial manufacturing operation, within the last 4 years and having managed 3+ direct reports.

Desired knowledge:

Strong Ethical Behavior, Accounting (specially Project and costs accounting areas), financial metrics, US GAAP, SOX, Internal controls and Audit, ASC 606 with strong experience in Overtime-POC accounting, personnel management capacity and experience, decision making, statutory accounting (NIFs) and legal local requirements knowledge, ERP systems (Great Plains is a plus) and financial consolidation systems (BPC, Hyperion, etc.), Advanced Excel.

ACCOUNTABILITIES:

1.    Maintain accurate financial records to report correct information in a timely manner in accordance with US GAAP and Flowserve policies and procedures. This includes:
•    Account reconciliations are completed, reviewed and approved on time for all accounts.
•    Reconciling items are clearly identified and are addressed timely (<90 days).
•    Own cut-off procedures and review to ensure revenue and accruals are appropriately and timely recorded.
•    Coordinate Mexico’s Shared Service to ensure the correct operation, accounting and reconciliations of Treasury, A/R, A/P, Fixed Assets and several Accruals are in place for all the plants in Mexico.
•    Correct application of ASC606 standard, Overtime-POC.
•    Monthly contract reviews (Costs estimations and variances reviews).
•    Perform and execute all comprehensive procedures to ensure all "known" assets and liabilities are included in the financial statements.
•    G/L maintenance exists and mappings between local ERP and corporate consolidating system are understood, managed, and maintained.
•    Embrace, adopt and implement Continuous Improvement Programs or Plans.
•    Operating under tight schedules.
•    Maintain discipline in decentralized processes (billing, cycle counts, hour tracking, etc.)

2.    Support the monthly close process through meeting deadlines established within the group, division or corporation. This includes:
•    Consolidation corporate system loads / Local GL loads.
•    Supplemental information Templates.
•    Quarterly Templates (Site analytics and key control processes).
•    Monthly Reports.
•    Owns the annual cost roll process.
•    Periodic Information Requests.

3.    Ensure compliance and support the Internal Audit / External Audit process:
•    Maintain financial management processes to ensure compliance with corporate policies and internal practices.
•    Keep Key controls procedures update and review them periodically (at least quarterly).
•    Ensure Reserves and accruals calculations are in line with Corporate polices and contain all the required supporting documentation.
•    Coordinate and drive the Statutory, US GAAP and SOX audits to comply with all deliverables on a timely basis meeting all the deadlines.

4.    Support Business Units to achieve their business objectives:
•    Provide information about inventories that help identify the slow movement inventory and inventory to become obsolete, so Operations can take preventive and corrective actions about it.
•    Provide information about departmental expenses, plant Utilization and Cost Variances to be used on Operational excellence initiatives.

5.    Statutory and legal local requirements:
•    Act as the legal representative of the Mexico’s legal entities, signing consolidated statutory financial statements, contracts and legal documentation related to the financial and accounting operation of the company before external and internal customers.
•    Support fiscal and labor departments to comply with all legal requirements to keep our operations running in the country.