Senior Accounting Manager at Thermo Fisher Scientific

Minneapolis, Minnesota, United States

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Not SpecifiedCompensation

Senior (5 to 8 years)Experience Level

Full TimeJob Type

UnknownVisa

Life Sciences, Healthcare, ManufacturingIndustries

Requirements

Bachelor’s degree or equivalent experience in Accounting (preferably with a CPA certification)
8+ years of dynamic accounting/finance experience with management experience (combination of public accounting and industry experience preferred)
Solid understanding of U.S. GAAP with validated sophisticated accounting and technical skills
Effective written and oral communication skills
Ability to thrive in a large, matrixed, international organization and work cross-functionally with individuals and teams
Keep an eye toward continuous improvement with a successful track record of optimizing processes
Ability to balance multiple projects and complete them optimally
Solid technical accounting expertise, effective communication abilities, and demonstrated strength in M&A integration, carve-outs, or intricate accounting transitions

Responsibilities

Support purchase accounting adjustments for the recent acquisition and integration into accounting and reporting structure and processes
Maintain accurate records of acquisition-related journal entries and adjustments
Monthly monitoring of TSA accruals and invoices between the local jurisdictions of both Thermo Fisher and Solventum
Monthly closing of the 5 dedicated FSD accounting ledgers and supervising the transactions booked in 30 non-FSD entities in accordance with the financial close schedule
Review and validate financial data provided by the seller (e.g., trial balances, reconciliations, journal entries)
Support the Sales/Property Tax governance process (filings performed by a 3rd party) for the new US and Europe entities
Lead Fixed assets Capital Acquisition Request (CAR) process, introduce CAPEX tool to new employees, define purchasing solutions during TSA, and establish CIP capitalization and review process at division level
Engage in the creation and execution of strategies for transferring accounting responsibilities from the TSA to internal departments or shared services
Technical accounting research of complex issues to ensure accurate accounting treatment
Coordination of the quarterly reviews and year-end financial audit process performed by the external independent auditors
Work closely with M&A, tax, legal, treasury, and business unit leaders during the integration process
Identify and drive process improvement initiatives

Skills

Key technologies and capabilities for this role

purchase accountingfinancial reportingM&A integrationTSA managementjournal entriesfinancial closetrial balancesreconciliationsfixed assetsCAPEXsales taxproperty tax

Questions & Answers

Common questions about this position

What qualifications are required for the Senior Accounting Manager role?

Candidates need a Bachelor’s degree or equivalent in Accounting (preferably with CPA certification), 8+ years of dynamic accounting/finance experience with management, solid U.S. GAAP understanding, effective communication skills, and the ability to thrive in a large matrixed organization.

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

This information is not specified in the job description.

What is the salary or compensation for this role?

This information is not specified in the job description.

What does the work environment or company culture look like?

The role involves thriving in a large, matrixed, international organization, working cross-functionally with M&A, tax, legal, treasury, and business unit leaders, with a focus on continuous improvement.

What experience makes a candidate stand out for this position?

Strength in M&A integration, carve-outs, or intricate accounting transitions, combined with public accounting and industry experience, a successful track record in continuous improvement, and sophisticated technical accounting skills.

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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