Deputy Manager Finance at Thermo Fisher Scientific

Mumbai, Maharashtra, India

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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, HealthcareIndustries

Requirements

Chartered Accountant / Cost Accountant, ~3-4 years of post-qualification experience
Working experience in ERP system (SAP)
Exposure to Hyperion planning (added advantage)
Strong Financial & Business Skills
Strong interpersonal, supervisory skills and customer service orientation
Team Management, People Management
Ability to multi-task, meet timelines and grow in a fast-paced work environment
Ability to prioritise multiple expectations in a typical Matrix Organization structure
Experience working in a multi-cultural environment (preferred)
Ability to develop high levels of credibility and forge positive professional relationships with subordinates, peers, and upper management

Responsibilities

Partner with businesses to ensure long-term sustainable and profitable growth
Review and finalize Business AOP (Annual Operating Plan), Planning and timely Reporting
Drive agenda of MBR (Monthly Business Review) & QBR (Quarterly Business Review) for Business leaders with APAC Division leader and India Leadership to understand variance, drive corrective action, find opportunities, prepare plans to mitigate risks & target growth
Prepare and share updated Rolling Forecast with Leadership on monthly basis for timely discussion
Provide timely and accurate management financial reporting
Drive balanced business growth by focusing on quality of revenue and understanding drivers of growth
Analyze and drive competition insights leading to market beating growth
Lead return on investment optimization and identify improvements on marketing spends
Evaluate and drive business deals that meet strategic needs
Plan market visits to gain market/competition insights to improve business strategy
Steer along with supply chain on Inventory levels optimization and working capital management
Handle Annual Bonus & ensure accurate Incentive calculation for Sales Organisation
Review and analyze business with respect to key financial drivers and financial performance to achieve Revenue & EBITA as per AOP
Deliver Revenue and EBITA targets through financial reporting and analytics and drive EBITA improvement initiatives
Monitor and evaluate critical metrics and highlight key areas for effective action
Drive better product mix and identify/implement Pricing & COGS reduction opportunities to improve Gross Margin
Implement cost containment plans to ensure effective utilization of funds
Drive every element of P&L and report Variance in Actual Vs AOP vs Last Year to achieve sustainable growth
Provide performance insights and publish monthly dashboards to drive growth and improve profitability
Drive SOP improvement leading to simplification (including automation) and implement better controls for compliance
Drive automation of reports through IT platforms to reduce manual processes, save time, and improve compliance/quality
Identify simplification areas and implement processes to drive improvement in Bias for Action
Partner with consultants/auditors in driving business SOP improvements/audits – ensure relevance and enforceability
Ensure all existing SOPs and Delegation of Authority are followed – evaluate deviations and initiate corrective actions

Skills

Financial Reporting

Annual Operating Plan

Monthly Business Review

Quarterly Business Review

Rolling Forecast

Variance Analysis

P&L Management

Revenue Analysis

EBITA Optimization

Gross Margin Improvement

Pricing Strategy

COGS Reduction

Inventory Optimization

Working Capital Management

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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