Flowserve Corporation Lease Accountant / Analyst in Budapest, Hungary

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:

The Lease Accountant / Analyst is responsible for maintaining Nakisa, Flowserve’s global lease accounting subledger. This position reports to the supervisor of lease accounting.

Position Requirements:


· 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, including identification missing elements

  • Prepare and communicate pro-forma lease accounting journal entries to each of Flowserve’s site locations for local posting each month

  • Prepare monthly account reconciliations for lease accounting, including 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

  • Perform other duties as assigned or directed to ensure the smooth operation of the Centralized Lease Function


Skills and Abilities:

  • Ability to read and interpret lease contracts, including the ability to extract key data points for accounting purposes

  • Ability to handle large amounts of data in multiple systems

  • 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 in English. 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

  • 2-5+ 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 Accountant / Analyst

Percentage of Approximate Travel Required: 10%

Primary Posting Location: Budapest, Hungary

Job Posting Category: Finance & Accounting

Employment Type: Full time

Relocation Eligible: No

Auto req ID: 43900BR

Country: Hungary

Flowserve is an equal opportunity employer and makes employment decisions without regard to race, gender, disability or protected veteran status. Click here to learn more. 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 Click here to learn more.

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