Operations Finance Analyst at Thermo Fisher Scientific

Bengaluru, Karnataka, India

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Not SpecifiedCompensation

Junior (1 to 2 years), Mid-level (3 to 4 years)Experience Level

Full TimeJob Type

UnknownVisa

Life Sciences, Biotechnology, HealthcareIndustries

Requirements

Full command of the studies managed, understanding finances and key study drivers
Ability to provide high-quality financial analysis to support decision-making and operational excellence
Skills in delivering timely and accurate reporting, forecasting, and invoicing to support client relationships
Proficiency in optimizing cash flow through timely contract modifications, invoicing, and favorable payment schedules
Capability to manage Out of Scope (OOS) below 2% of executed contract value and review future OOS
Experience in improving forecast accuracy for direct and indirect costs
Competence in hosting monthly finance reviews using designated tools
Adherence to month-end compliance, deadlines, and deliverables
Effective utilization of provided tools to maintain healthy study financials
Knowledge to minimize revenue adjustments and understand month-end drivers
Ability to limit post-month-end manual adjustments and enhance pickup calculations
Skills in identifying and implementing process improvements, optimizations, and automations
Expertise in driving excellence in internal financial controls, audit readiness, and reporting processes
Readiness to be audit-ready 100% of the time with zero findings in audits

Responsibilities

Ensure monthly client reporting, including SUA studies, and timely follow-up on overdue A/R
Discuss red flags with sponsors (cashflow, study cancellations, client turnover, collections, mod delays) with manager and use risk review escalation process
Deliver "best in class" support to earn repeat business by ensuring timely and accurate reporting, forecasting, and invoicing; respond to customers within 24 hours
Ensure cash neutrality with timely contract modifications and invoicing, favorable SUA, SOW, and Contract Modification payment schedules, adhering to MSA advances
Keep past OOS below 2% of executed contract value, review future OOS in monthly finance reviews, proactively seek PL’s input, and track using provided tools and templates
Improve forecast accuracy for direct and indirect costs
Host monthly finance reviews using designated tools
Adhere to month-end compliance, deadlines, and deliverables
Utilize tools effectively to keep healthy study financials
Reduce revenue adjustments and understand month-end drivers
Limit post-month-end manual adjustments
Enhance pickup calculations for better forecast accuracy and adopt new tools
Identify and implement process improvements, optimizations, and automations
Drive excellence in internal financial controls, audit readiness, and reporting processes
Escalate issues like slow Contract Modifications, CNFs, overspend escalation, and lack of response
Ensure action items are completed by Ops and stakeholders
Support acceleration of the close process

Skills

financial analysis

client reporting

A/R management

forecasting

invoicing

contract modification

cash flow optimization

risk mitigation

month-end compliance

process improvement

Excel

financial tools

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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