F

Flowserve

Flow control pumps, valves, seals, automation

Project Management Manager - New Product Development

Full-TimeUpdated on 10/23/2026
No salary listed
Expert
Bachelor's, Master's
Bethlehem, PA, USA+1 moreMore locations: Kalamazoo, MI, USA
In Person
Project & Program ManagementProgram Management

About the job

Requirements
  • A bachelor's degree in Engineering, Business, Project Management, Manufacturing, Operations, or a related technical discipline is required.
  • At least 10 years of progressive experience in project management, product development, engineering, industrial products, or heavy manufacturing environments is required.
  • Experience in an individual-contributor technical role, such as product designer, engineer, test technician, manufacturing engineer, or equivalent technical development role is required.
  • Demonstrated experience leading complex New Product Development, research and development, value-engineering, or product-lifecycle initiatives from concept through launch is required.
  • Proven success leading cross-functional teams in a global, matrixed organization is required.
  • Strong understanding of phase-gate or stage-gate product-development processes, project governance, integrated scheduling, and portfolio reporting is required.
  • Demonstrated ability to manage project budgets, financial forecasts, cost-benefit analyses, and resource-allocation decisions is required.
  • Strong experience identifying, assessing, communicating, and mitigating program risks is required.
  • Proven ability to influence without direct authority, align diverse stakeholders, resolve conflict, and drive timely decisions is required.
  • Excellent written, verbal, presentation, and executive communication skills, including the ability to translate complex technical and business information for varied audiences, are required.
  • Demonstrated success leading organizational and process change, including adoption of new tools, standards, and ways of working, is required.
  • Strong people-leadership, coaching, mentoring, and performance-management skills are required.
  • Proficiency with Microsoft Office applications and project-management, portfolio-management, and reporting tools is required.
Responsibilities
  • Lead the consistent, global application of Flowserve’s New Product Development and Product Development Process frameworks across platforms and business functions.
  • Establish and maintain enterprise-level project governance, including phase-gate expectations, decision-readiness criteria, escalation paths, project-health standards, and leadership review cadences.
  • Own the definition, reporting, and continuous improvement of core New Product Development performance metrics, including On-Time Delivery, On-Budget Delivery, project health, milestone attainment, risk exposure, resource utilization, and product vitality.
  • Ensure project teams maintain integrated plans covering scope, schedule, budget, resources, dependencies, risks, decisions, and deliverables.
  • Drive disciplined execution from concept through development, validation, industrialization, launch, and post-launch transition.
  • Lead enterprise-level improvement and standardization of New Product Development, Product Development Process, and Design-to-Value practices.
  • Develop and maintain project-management procedures, templates, playbooks, deliverables, reporting tools, and governance standards.
  • Partner with New Product Development and Design-to-Value leaders to identify execution gaps, simplify processes, improve adoption, and embed best practices across the organization.
  • Evaluate and recommend project-management, portfolio-management, reporting, and collaboration tools that improve visibility, efficiency, and decision quality.
  • Participate in assessments involving third-party consultants, supplemental workforce partners, and organizational or process-improvement initiatives.
  • Coordinate development, communication, training, and adoption plans required to implement process and tool improvements successfully.
  • Lead the cross-platform Project Manager team in executing prioritized New Product Development initiatives.
  • Conduct regular capacity-and-demand assessments to inform project-manager assignments, workforce planning, prioritization discussions, and resource-gap resolution.
  • Partner with New Product Development, Strategic Business Management, Design-to-Value leadership, and functional leaders to translate portfolio priorities into executable delivery plans.
  • Own New Product Development budget reporting in collaboration with New Product Development leads and Financial Business Partners, including forecast accuracy, project cost performance, and cost-to-complete visibility.
  • Provide executive-level portfolio reporting that highlights performance trends, decisions required, delivery risks, resource constraints, and recommended actions.
  • Support business cases, financial analysis, cost-benefit analysis, and Design-to-Value initiatives that improve program outcomes and resource allocation.
  • Lead resolution of enterprise-level project-support gaps while operating in alignment with the New Product Development responsibility-assignment model and functional-accountability model.
  • Build strong partnerships across Engineering, Product Management, Manufacturing, Supply Chain, Quality, Service, Finance, and Commercial functions.
  • Facilitate timely decisions, resolve cross-functional conflicts, remove barriers, and escalate issues when necessary to protect project commitments.
  • Champion proactive risk management by ensuring teams identify, assess, mitigate, and communicate technical, commercial, operational, supply-chain, financial, and schedule risks.
  • Ensure project teams use appropriate contingency plans, corrective actions, and lessons learned to reduce recurring execution issues.
  • Ensure new intellectual-property creation and protection processes are understood, integrated into project execution, and consistently followed.
  • Lead, coach, and develop a global team of Project Managers supporting New Product Development initiatives across product platforms.
  • Establish clear individual goals, responsibilities, development plans, and performance expectations for team members.
  • Build team capability in project leadership, product-development execution, financial management, risk management, communication, conflict resolution, and executive-level reporting.
  • Create an environment in which Project Managers are empowered to lead decisions, provide informed technical and business input, challenge assumptions, resolve conflicts, and escalate appropriately.
  • Recruit, develop, and retain high-performing talent while promoting accountability, collaboration, continuous improvement, and innovation.
  • Develop role-based training and change-management plans to drive adoption of improved processes, tools, and standards.
Desired Qualifications
  • PMP certification, or equivalent demonstrated experience applying formal project-management methodologies.
  • A master's degree in Engineering, Business Administration, Operations, Project Management, or a related discipline.
  • Experience leading global teams and managing geographically distributed project portfolios.
  • Experience in pumps, valves, seals, flow-control equipment, industrial equipment, energy, process industries, or similarly complex engineered-product environments.
  • Familiarity with Agile, hybrid Agile/stage-gate, Lean, Design-to-Value, Design for Manufacturing, Six Sigma, or continuous-improvement methodologies.
  • Experience with Smartsheet, Microsoft Project, Power BI, Microsoft BI dashboards, Mural, Planview, or comparable portfolio and collaboration platforms.
  • Experience with product lifecycle management, engineering-change management, and intellectual-property processes.
  • Demonstrated experience implementing project-management office, portfolio governance, or enterprise reporting improvements.

About the company

Flowserve is a global provider of flow control equipment and services for major industries such as oil and gas, chemical, power generation, and water management. It designs, manufactures, and services pumps, valves, seals, and automation solutions to move and regulate fluids in large industrial systems. Its offerings include both new equipment sales and aftermarket services like maintenance, repair, and optimization of installed assets, supported by a network of manufacturing facilities, service centers, and sales offices. The company differentiates itself through its engineering expertise, broad product portfolio, and global footprint that enables customized, reliable solutions for complex operations. Flowserve aims to help customers operate safely and efficiently by ensuring high performance and long asset life through effective flow control and system reliability.

Company Size

10,001+

Company Stage

IPO

Headquarters

Irving, Texas

Founded

1912

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Simplify Jobs

Simplify's Take

What believers are saying

  • Q2 2026 bookings rose 26% to $1.35 billion, led by power and nuclear.
  • Nuclear bookings topped $110 million in Q2 2026, including Asian new-reactor awards.
  • Flowserve targets 20% adjusted operating margin by 2030 after 15.3% Q2 2026.

What critics are saying

  • Starboard Value's May 28, 2026 letter called Flowserve's execution inconsistent and pressured management.
  • Q2 2026 organic sales fell 3.3%; management cut 2026 organic growth to negative 1%.
  • Middle East conflict already hit 2026 sales by $60 million; prolonged disruption threatens backlog conversion.

What makes Flowserve unique

  • Flowserve's July 2026 Trillium purchase deepens nuclear and power valve capabilities.
  • Record Q2 2026 aftermarket bookings of $696 million show sticky installed-base economics.
  • Management's 80/20 Flowserve Business System drove 860 basis points margin improvement since 2022.

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Benefits

  • Health Insurance
  • Paid Vacation
  • Paid Holidays
  • 401(k) Retirement Plan

Growth & Insights and Company News

6 month growth

3%

1 year growth

3%

2 year growth

3%
Yahoo Finance
Aug 31st, 2026
Flowserve targets 20% margins by 2030 as nuclear power demand grows

MD Sass, a boutique asset management firm, initiated a position in Flowserve Corporation during Q2 2026, highlighting the industrial flow management equipment company in its investor letter. The firm's thesis centres on nuclear power, noting that Flowserve is a leading supplier of highly engineered pumps and valves for nuclear reactors. These mission-critical components operate under extreme conditions and are difficult to replace due to regulatory requirements, creating attractive economics and long-term revenue streams. The company's adjusted operating margins reached 14.8% in 2025, up 300 basis points year-on-year, with management targeting approximately 20% by 2030. As of Q2 2026, 51 hedge funds held Flowserve shares, up from 48 the previous quarter. The stock closed at $80.33 on 28 August 2026.

Yahoo Finance
Aug 19th, 2026
Flowserve leads Q2 gas and liquid handling segment roundup with 0.9% revenue beat

Flowserve reported Q2 revenues of $1.17 billion, down 1.6% year-on-year, exceeding analyst expectations by 0.9%. The flow control equipment manufacturer posted mixed results, with full-year earnings per share guidance beating expectations but next-quarter revenue guidance missing significantly. The company delivered the weakest guidance update and slowest revenue growth amongst its gas and liquid handling peers. Despite this, Flowserve shares rose 12.7% following the report and currently trade at $78.80. The gas and liquid handling sector showed strong Q2 performance overall. The 11 tracked companies in this segment beat consensus revenue estimates by 2.1% on average, though next quarter's guidance came in 0.8% below expectations. Share prices across the sector have risen 3.4% on average since results were announced.

Yahoo Finance
Aug 17th, 2026
Flowserve (FLS) cuts full-year growth outlook amid ~1% organic sales decline

Flowserve Corporation trimmed its full-year growth outlook following a decline in organic sales of approximately 1%. The industrial pump and valve supplier faced activist investor pressure questioning management execution. According to Voya Investment Management's second-quarter 2026 investor letter, Flowserve accounted for 1.38% of its Dynamic Small Cap Fund portfolio but detracted from performance during the quarter. The fund's machine learning models had initially taken a positive view of the company's valuation and short interest features. As of 14 August 2026, Flowserve shares closed at $80.87, giving the company a market capitalisation of $10.28 billion. Despite the quarterly setback, the stock gained 51.95% over the previous 52 weeks. At the end of the first quarter, 48 hedge funds held positions in Flowserve, down from 51 the previous quarter.

Industrial Valve News
Aug 5th, 2026
Flowserve appoints Ajay Agrawal to Board of Directors.

Flowserve appoints Ajay Agrawal to Board of Directors. Flowserve Corporation announced on August 5th that its Board of Directors has elected Ajay Agrawal as a member of the Board of Directors, and appointed him to serve on the Organization and Compensation Committee and Technology, Innovation and Risk Committee, effective August 5, 2026. "We are incredibly excited to welcome Ajay to Flowserve's Board," said Scott Rowe, Flowserve President and Chief Executive Officer. "Ajay's unique combination of portfolio leadership, aftermarket expertise and disciplined M&A experience across multiple industries will bring valuable perspective to Flowserve's Board and management team as we strengthen our leading position serving the world's critical industries and execute our long-term growth strategy." Mr. Agrawal currently serves as the Chief Business Development Officer and Senior Vice President, Global Services at Carrier Global Corporation, a global climate and energy solutions company. His experience also includes serving as Carrier's Chief Strategy Officer and Senior Vice President of its Global Services and Healthy Buildings business. Prior to his experience at Carrier, Mr. Agrawal was the President of Aftermarket Services at Collins Aerospace. "Ajay's experience shaping portfolio strategy, executing complex M&A transactions and demonstrating leadership in the industrial manufacturing industry will further strengthen our Board," said John Garrison, Chairman of the Flowserve Board of Directors. "His track record of driving profitable growth, advancing strategic transformation and building high-performing businesses will provide valuable insight as Flowserve continues to serve customers across critical infrastructure markets and creates long-term value for shareholders." Mr. Agrawal holds a doctorate in engineering from the University of Missouri and an MBA from Carnegie Mellon University.

Business Insider
Jul 31st, 2026
Flowserve (FLS) receives a Hold from Oppenheimer.

Flowserve (FLS) receives a Hold from Oppenheimer. Jul. 31, 2026, 10:05 PM Oppenheimer analyst maintained a Hold rating on Flowserve yesterday. The company's shares closed yesterday at $75.99. * Unlock powerful investing tools with TipRanks Premium to make smarter, more confident investment decisions * Subscribe to TipRanks Smart Investor Newsletter, and discover new investing opportunities with data-backed stock picks Flowserve has an analyst consensus of Moderate Buy, with a price target consensus of $88.89, representing a 16.98% upside. In a report released on July 30, Goldman Sachs also maintained a Hold rating on the stock with a $82.00 price target. Based on Flowserve's latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of $1.17 billion and a net profit of $99 million. In comparison, last year the company earned a revenue of $1.19 billion and had a net profit of $81.75 million Based on the recent corporate insider activity of 47 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of FLS in relation to earlier this year. Most recently, in May 2026, Michael Mcmurray, a Director at FLS bought 2,500.00 shares for a total of $164,275.00. Read More on FLS: