Accounts Payable Supervisor at Thermo Fisher Scientific

Budapest, Hungary

Thermo Fisher Scientific Logo
Not SpecifiedCompensation
Senior (5 to 8 years)Experience Level
Full TimeJob Type
UnknownVisa
Life SciencesIndustries

Requirements

  • University or College degree
  • 5+ years prior experience in Shared Services or Global Business Services
  • Ability to meet deadlines and manage multiple tasks in a fast-paced environment
  • Excellent interpersonal, written, and verbal communication skills
  • Consistent track record of managing people and processes

Responsibilities

  • Supervise all E2E daily operations within the Accounts Payable team, including accounting, query management, invoice issue resolution, quality controls, and IDOC management
  • Provide daily interaction, training, direction, and oversight of staff activities to ensure coordination, accuracy, and timely delivery of work outputs
  • Oversee and review month-end closing activities, including account reconciliations and journal entries
  • Ensure timely clearance of aged items on general ledgers and maintain overall balance in accordance with accounting standards
  • Implement and carry out accounting policies and procedures to maintain accurate financial records
  • Ensure the accuracy and completeness of the accounts payable sub-ledger and its reconciliation with the general ledger
  • Monitor and reduce AP related Trade - GR/IR items on a monthly basis
  • Use BlackLine for account reconciliations and ensure all reconciliations are completed accurately and timely
  • Collaborate with the finance team to support financial planning, forecasting, and budgeting processes
  • Monitor and troubleshoot invoice fall outs daily to ensure payment due date adherence
  • Supervise the timeliness and accuracy of supplier invoice query and issue resolution processes
  • Ensure quality in customer service levels is maintained both internally and externally
  • Work closely with the GBS Control & Compliance team
  • Adhere to Internal & External Audit guidelines and provide reporting as requested
  • Perform special projects and ad-hoc reporting as required within the functional area
  • Connect and build the network with other P2P departments to leverage and share standard methodologies
  • Support global process standardization and the implementation and maintenance of accounts payable automation tools and technologies for functional area
  • Hold supervisory/administrative responsibility for development of staff members, including hiring, performance development and annual review, disciplinary actions, coaching and counseling, personal development and career advancement, succession planning, etc

Skills

Accounts Payable
Procure-to-Pay
IDOC Management
Invoice Processing
Query Management
Quality Control
Process Optimization
Automation
Account Reconciliation
Journal Entries
Month-End Closing
Root Cause Analysis

Thermo Fisher Scientific

Provides life sciences products and services

About Thermo Fisher Scientific

Thermo Fisher Scientific offers a variety of products and services that support scientific research and healthcare, including laboratory equipment, reagents, and software solutions. Their products are used in applications like protein biology, real-time PCR, and sequencing, serving clients such as academic institutions and pharmaceutical companies. Unlike competitors, Thermo Fisher emphasizes customer support and education, helping clients optimize their experiments. The company's goal is to be a leading provider of life sciences solutions that contribute to a healthier and safer world.

Waltham, MassachusettsHeadquarters
1956Year Founded
$17MTotal Funding
IPOCompany Stage
Biotechnology, HealthcareIndustries
10,001+Employees

Risks

Increased competition in single-use bioprocessing may impact market share.
Sale of anatomical pathology business could create a temporary product gap.
Investment in miDiagnostics may face regulatory challenges affecting returns.

Differentiation

Thermo Fisher offers a comprehensive range of life sciences products and services.
Their well-known brands include Thermo Scientific, Applied Biosystems, and Invitrogen.
They provide strong customer support and educational resources to optimize client workflows.

Upsides

Expansion of biologics production facility enhances capacity for precision biologics monitoring.
Investment in miDiagnostics aligns with demand for rapid diagnostic solutions in BioPharma.
Collaboration with Mainz Biomed positions them in the growing cancer detection market.

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