Thermo Fisher Scientific

Revenue Accountant II

Philippines

Not SpecifiedCompensation
Mid-level (3 to 4 years)Experience Level
Full TimeJob Type
UnknownVisa
Biotechnology, Life Sciences, HealthcareIndustries

Job Description

Position Overview

Thermo Fisher Scientific is seeking a dedicated professional to ensure accurate revenue recognition treatment in compliance with company policy and financial accounting standards. This role involves reviewing customer contracts and complex transactions, applying accounting principles, and serving as a key business partner to various internal teams.

Employment Type

Full-time

Work Schedule

Standard (Mon-Fri)

Location Type

Office

Responsibilities

  • Ensure accurate revenue recognition treatment in compliance with company policy and financial accounting standards.
  • Review customer contracts, complex transactions, and order documentation with the application of accounting principles.
  • Serve as a key interface and business partner with sales, customer service, and finance teams, providing technical accounting expertise and training to team members.
  • Identify risk and exercise professional judgment to provide appropriate action related to revenue-related transactions.
  • Assist in leading all aspects of accurate and timely monthly, quarterly, and annual financial reporting for the region, including reporting on group analytics.
  • Complete month-end revenue tasks: accruals, deferrals, reconciliations, deferred revenue analysis, quarterly revenues, margins.
  • Support improvement initiatives for revenue accounting processes applying PPI (Practical Process Improvement) methodology.
  • Participate in special finance projects such as migrations and centralization of revenue processes within the team.

Minimum Requirements/Qualifications

  • Accounting Degree or Qualified Accountant (CA, CPA, CIMA or ACCA)
  • Excellent communication skills to be able to establish relationships at all levels
  • Proficient in Excel
  • Experience of revenue recognition would be a benefit but not crucial

Company Information

Why Thermo Fisher Scientific? At Thermo Fisher Scientific, we value diverse experiences, backgrounds, and perspectives. We provide an inclusive environment where you can collaborate with outstanding colleagues and compete at the highest level. Join us to make a significant impact on our mission to enable our customers to make the world healthier, cleaner, and safer!

Skills

Revenue Recognition
Accounting Principles
Financial Reporting
Excel
Month-end Close
Accruals
Deferrals
Reconciliations
Deferred Revenue Analysis
Practical Process Improvement (PPI)

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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