Financial Analyst, Co-op at Thermo Fisher Scientific

Mississauga, Ontario, Canada

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Not SpecifiedCompensation

InternshipExperience Level

InternshipJob Type

UnknownVisa

Life Sciences, ManufacturingIndustries

Requirements

High school diploma/General Educational Development (GED) Certificate
Working towards Bachelor’s degree in Accounting or Finance
University Student in Year 3-4
Equivalent combinations of education, training, and relevant work experience may be considered
Ability to prioritize multiple projects, work in a fast-paced environment and meet tight deadlines
Knowledge of Systems: SAP and Hyperion an asset
Strong written and verbal communication skills
Strong customer focus and drive for results with strong problem-solving abilities
Capable of setting clear priorities, organizing work, and making quality decisions
Demonstrated computer proficiency with Microsoft Office programs
Proficiency with the English Language

Responsibilities

Participate in month end close activities and act as a delegate for key tasks when needed
Gather documentation for the annual audit and tax review requirements
Review and reduce aged payables to improve Paid on Time metrics
Create and update standard operating procedures to ensure consistency across sites
Attend and review select inventory cycle counts
Participate in fixed asset counts and assist with the maintenance and clean-up of the fixed asset ledger
Monitor and review monthly HST transactions for accuracy and completeness and investigate / correct discrepancies as needed
Monitor and review the completeness of labour hours reported for SRED eligible projects
Assist the team with the management of inventory and annual standard cost rollover calculations
Actively participate in tier meetings for either the manufacturing or packaging areas
Deliver financial and operational performance analysis, including product portfolio, to drive profitability using the Practical Process Improvement (PPI) Business System
Partner with business unit (BU) area managers to promote financial transparency and accountability
Drive BU performance through established metrics (Absorption, Materials Usage Variance, Purchase Price Variance, Direct Labour efficiency)
Update weekly BI reports for overtime, labour efficiency and headcount
Update weekly & daily revenue & performance trackers
Work with BU area managers to understand routings and update when vital
Complete actual vs. standard cost reporting by product to drive operational efficiencies
Assist with updating monthly cost trackers and labour reports and preparing budget vs. actual variance analysis
Maintain a safe working environment and report potential hazards

Skills

Key technologies and capabilities for this role

Month-End CloseFinancial AccountingManagement ReportingAudit PreparationAccounts PayableInventory ManagementFixed AssetsHST ReconciliationSRED ReportingStandard CostingPerformance AnalysisBI ReportingPPI Business System

Questions & Answers

Common questions about this position

What education is required for this Financial Analyst Co-op position?

A high school diploma or GED is required, and candidates must be working towards a Bachelor’s degree in Accounting or Finance as a university student in Year 3-4.

What skills are needed for this role?

Key skills include the ability to prioritize multiple projects in a fast-paced environment, meet tight deadlines, strong written and verbal communication, customer focus, drive for results, and problem-solving abilities. Knowledge of SAP and Hyperion is an asset.

Is this a remote position or does it require office work?

The role is based in an office environment with a standard Monday-Friday schedule and involves on-site activities like attending inventory cycle counts and tier meetings.

What is the compensation for this co-op position?

This information is not specified in the job description.

What makes a strong candidate for this Financial Analyst Co-op?

Strong candidates are university students in Year 3-4 pursuing Accounting or Finance, with skills to handle multiple projects in a fast-paced setting, knowledge of SAP/Hyperion, and abilities in communication, problem-solving, and driving results.

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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