Senior Cost Accountant at Thermo Fisher Scientific

Rockford, Illinois, United States

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Not SpecifiedCompensation

Senior (5 to 8 years)Experience Level

Full TimeJob Type

UnknownVisa

Life Sciences, BioproductionIndustries

Requirements

Degree in Finance or Accounting (MBA, CPA/CMA a plus)
At least 4+ years of manufacturing cost accounting or finance experience
Proficiency in Excel required
JD Edwards E1 ERP system is a strong preference
Excellent written and oral communication skills
Ability to thrive in a sophisticated, multi-level environment and work cross-functionally with individuals and teams
Self-motivated, independent, with enthusiasm and energy for the job
Eye toward continuous improvement with a successful track record of optimizing processes
Ability to take on ad hoc projects and complete them timely and accurately
Successful in a fast-paced environment

Responsibilities

Collaborate with the Operations Finance team to analyze cost data to identify productivity opportunities to improve the total cost of product manufactured in the Rockford, IL plant
Perform weekly reviews of variances to Standard Cost, including WOV, PPV, and Absorption, and translate findings into concrete actions with planning or procurement that get to the root causes
Perform regular tasks relating to the monthly, quarterly, and yearly financial close process, including reconciliations
Support the Global Annual Inventory Cost Roll by working directly with manufacturing teams to review new standards and their impact on inventory revaluation and updating Labor and Overhead rates for E1 Rockford plants
Maintain data integrity globally for standard costing; this includes cost re-rolls, data maintenance and working closely with IT and Finance to understand and communicate impact
Support the local Operations teams from a cost accounting perspective to help quantify savings for potential projects/initiatives (e.g., purchasing team, warehouse, planning, etc.)
Become adept in data reporting and analytics from ERP systems, G/L, GLA, SPoT, Cognos and PLN
Cultivate business partnerships with Operations, Planning, Procurement, Supply Chain, and Ops Finance to drive process improvements
Support the management of excess and obsolete inventory for the plants supported in this role; partner with site finance to provide analysis of at-risk inventory
Support SOX and external auditors by providing clear supporting explanations and documents

Skills

Standard Costing

Variance Analysis

WOV

PPV

Absorption

Financial Close

Reconciliations

Inventory Cost Roll

Labor Rates

Overhead Rates

ERP E1

Data Analytics

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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