[Remote] Lab Supplies Inventory Accounting Manager at Thermo Fisher Scientific

North Carolina, United States

Thermo Fisher Scientific Logo
Not SpecifiedCompensation
Senior (5 to 8 years), Expert & Leadership (9+ years)Experience Level
Full TimeJob Type
UnknownVisa
Life Sciences, Clinical Research, BiotechnologyIndustries

Requirements

  • Bachelor's degree in accounting or related field
  • 5+ years of relevant experience
  • Advanced knowledge of accounting/financial principles
  • Advanced knowledge of consumable inventory
  • Proficiency in applying advanced knowledge, skills, and expertise to analysis
  • Works independently with minimal supervision, plans work schedules to meet goals, and performs under stress
  • Located in eastern standard time (EST) for fully remote position
  • Ability to travel domestically and possibly internationally to laboratory sites for inventory count periods

Responsibilities

  • Establishing and monitoring supplies inventory-related internal controls, procedures, and policies
  • Supporting Labs finance and the Controllership teams
  • Successfully implementing the closing of the Oracle inventory module during month-end in accordance with company deadlines
  • Managing supplies inventory counts and observation procedures
  • Collecting and analyzing complex financial information
  • Establishing, improving, and monitoring metrics and supplies inventory dashboards
  • Coordinating consumption trends and exposure to excess or obsolete supplies inventory
  • Preparing accurate, transparent, and timely financial reports and accounting statements to support leadership in decision-making
  • Preparing or reviewing complex journal entries and reconciliations to ensure that the general ledger is accurate and complete
  • Partnering with Shared Services functions to identify expanded support and migration of work
  • Providing technical accounting advice within area of expertise to functional or operational managers to help them develop budgets, understand financial reports, and improve operational efficiency
  • Preparing for consultations with corporate technical accounting where required per policy
  • Ensuring accuracy and compliance with all accounting regulations
  • Assisting with internal and external financial audits
  • Ensuring efficient set up and deployment of Oracle inventory accounting system for new and growing sites
  • Continuously improving inventory accounting and reporting processes
  • Maintaining relationships with third-party kit assembly vendors and monitoring accounting for offsite consumable supplies
  • Leading third-party scan gun program
  • Leading Oracle Inventory training module and guides

Skills

Key technologies and capabilities for this role

AccountingInventory ManagementInternal ControlsOracleFinancial AnalysisMonth-End ClosingFinancial ReportingMetrics DashboardsExcel

Questions & Answers

Common questions about this position

Is this position remote?

This is a fully remote position for candidates located in eastern standard time (EST), though the candidate should expect domestic and possibly international travel to laboratory sites for inventory count periods.

What are the key responsibilities of this role?

Key responsibilities include establishing and monitoring supplies inventory-related internal controls, managing supplies inventory counts, implementing the closing of the Oracle inventory module during month-end, preparing financial reports, and ensuring compliance with accounting regulations.

What skills or experience are required for this position?

The role requires expertise in accounting principles, Oracle inventory module, financial reporting, internal controls, inventory management, and experience leading a small team in a dynamic environment.

What is the salary or compensation for this role?

This information is not specified in the job description.

What makes a strong candidate for this Lab Supplies Inventory Accounting Manager role?

A strong candidate will have deep expertise in inventory accounting, experience with Oracle systems, proven ability to lead a small team, and skills in financial analysis, internal controls, and process improvement in a dynamic clinical research environment.

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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