Cost Accountant III at Thermo Fisher Scientific

Miami, Oklahoma, United States

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Not SpecifiedCompensation

Mid-level (3 to 4 years), Senior (5 to 8 years)Experience Level

Full TimeJob Type

UnknownVisa

Life Sciences, Biotechnology, ManufacturingIndustries

Requirements

Bachelor's degree in Accounting, Finance or a related subject
3 – 5 years of dynamic cost accounting or finance experience in a manufacturing environment
Proficiency in Excel and ERP systems (Syspro knowledge is a strong preference)
Excellent written and oral communication skills
Knowledge of accepted accounting practices and principles (GAAP)
Ability to plan, schedule and carry out work for successful project completion
Ability to work independently, accurately, and timely, with little or no supervision
Appreciation and understanding of outside department functions (manufacturing, supply chain, engineering, customer support, IT, order admin, marketing and sales)
Experience working in a matrixed organization is preferred

Responsibilities

Perform daily Standard Costing of NPI (New Product Introduction)
Perform weekly site WOV and monthly PPV analysis and reviews. Identify root cause for variances. Translate findings into actionable revisions with engineering, operations or procurement
Report Inventory Trends weekly to site & division partners
Complete regular tasks relating to the monthly, quarterly, and yearly financial close process, including balance sheet reconciliations and journal entries
Ensure timeliness, accuracy, and completeness of month end inventory and production close activities
Support technical accounting issues related to the financial close and understand the accounting impact of proposed transactions regarding different functions and ensure GAAP is maintained
Calculate Inventory Excess and Obsolete Reserve quarterly. Provide detail analysis to sourcing/planning and participate on a team to drive actions to reduce
Drive the yearly cost roll to ensure accurate standard costing of material, labor & overhead rates, and outside processing
Work with Value Stream Managers to review new standards and the impact on margin, inventory revaluation and Capitalized Variance netting
Perform cycle count audits and maintain accuracy rate metric
Assist with annual budget process
Support SOX and External auditors by providing clear supporting documents and explanations
Ensure compliance with corporate accounting policies
Collaborate with the Operations Finance team to analyze cost data to identify productivity opportunities to improve the total cost of products manufactured in Miami, OK manufacturing plant
Maintain good communications with other functional groups concerning accounting and company issues. Collaborate with other employees in problem solving and process improvement
Occasional interaction with senior management for purposes of presentation of financial information relative to specific project, budgeting or in general
Various other projects/duties as assigned

Skills

Standard Costing

Variance Analysis

PPV Analysis

Inventory Reconciliation

Journal Entries

Balance Sheet Reconciliation

GAAP

Financial Close

Excess and Obsolete Reserves

Root Cause Analysis

Cost Accounting

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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