Flowserve Corporation Lease Administrator Supervisor in Budapest, Hungary
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.
Responsible for leading Flowserve’s Central Lease Accounting Function (“CLF”).
· Coordinate with respective Reporting Units worldwide to collect documents and data related to leasing activity such as entering into new leases, extensions, renewals, amendments, terminations, etc.
Read and interpret lease contracts and related documents to extract data elements relevant to lease accounting and enter into Nakisa, the company’s SAP-based lease accounting system
Maintain lease data elements and documentation within Nakisa in a complete and accurate manner
Develop controls and processes to ensure lease data is complete, accurate, and periodically validated
Review pro-forma lease accounting journal entries prior to sending to each of Flowserve’s site locations for local posting each month
Review and approve monthly account reconciliations for lease accounting, including lease payment clearing accounts
Work with global site locations to resolve significant discrepancies noted during the reconciliation process
Prepare quarterly lease accounting disclosure reports for the 10-Q and 10-K
Participate in continuous improvement processes, including identification of needed system modifications, process changes and cost savings opportunities
Respond to requests from internal and external auditors
Prepare monitoring reports to ensure accuracy of lease accounting data in the system
Address RU controller questions regarding lease data
Direct activities of one or more lease analysts
Perform other duties as assigned or directed to ensure the smooth operation of the Centralized Lease Function (CLF)
Skills and Abilities:
Ability to read and interpret lease contracts, including the ability to extract key data points for accounting purposes
Ability to communicate and liaise with multiple customers including site controllers, Corporate Accounting, Supply Chain, IT, Treasury, and internal/external auditors
Excellent time management skills; ability to work within deadlines to meet close calendars
Strong written and verbal communication skills. Must have the ability to communicate effectively to all levels of management, cross functional teams and external auditors
Ability to multitask, prioritize work load, complete day-to-day activities and handle all urgent requests
Team oriented, ability to overcome obstacles to achieve goals and strong interpersonal skills
Self-starter with excellent critical thinking and problem-solving skills
Bachelor's degree in Finance or Accounting
3-5+ years of experience in accounting / lease accounting and / or Fixed Asset Accounting in a publicly traded company
Working knowledge of ASC 842 (Leases)
Experience reviewing contractual agreements and extracting key data points for accounting purposes
Proficiency in all Microsoft Office products, particularly strong Excel skills (vlookup, pivot tables, etc.)
SAP S/4 experience and exposure to fixed assets or leasing systems preferred
CPA/Master's in Accounting or Finance preferred
Job Posting/Business Card Title:
Lease Administrator Supervisor
Percentage of Approximate Travel Required:
Primary Posting Location:
Job Posting Category:
Finance & Accounting
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