Supervisor Cash Allocations at Thermo Fisher Scientific

Quezon City, Metro Manila, Philippines

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Not SpecifiedCompensation

Mid-level (3 to 4 years), Senior (5 to 8 years)Experience Level

Full TimeJob Type

UnknownVisa

Life Sciences, BiotechnologyIndustries

Requirements

Excellent rapport-building ability
Strong verbal and written communication skills
Strong people management and leadership skills
Experience in cash allocations
Experience in people management
Passion for achieving critical metrics
Demonstrated strong leadership skills, ability to inspire and motivate team members, set clear expectations, and provide guidance and support
Effective communication skills to convey expectations, provide feedback, and lead successful negotiations
Strong problem-solving skills to handle complex situations, identify root causes, and develop effective solutions
Excellent organizational skills: ability to prioritize tasks, manage multiple projects simultaneously, and meet deadlines
Ability to collaborate with other departments, including Credit & Collections, Treasury, and Accounting teams
Flexibility and adaptability to changing business needs and priorities
Excellent attention to detail to ensure accuracy in processing, documentation, and reporting
Solid understanding of basic and advanced accounting principles
In-depth understanding of end-to-end Accounts Receivable functions (credit, collections, cash allocations, reporting processes, and procedures)
Proven track record of excellent judgment and decision-making ability
Demonstrated diplomacy, integrity, and ethical standards
Fluent in English
University or College degree
Previous experience in leading an operational team in a fast-paced accounts receivable environment

Responsibilities

Guide the team's performance and advancement by conducting routine one-on-one meetings and portfolio reviews
Attain the direct team’s objectives through daily oversight of Key Performance Indicators concerning cash application and compliance with Service Level Agreements
Prepare root cause analysis for misses and work on continuous performance improvement
Take charge of the reconciliation process to guarantee a robust receivable, working closely with the credit & collections teams
Work closely with the Credit & Collections, Treasury, and Accounting teams to enhance quality and cash flow, while guaranteeing streamlined processes
Provide support in resolving unreconciled items and unknown customer receipts
Maintain accurate documentation and information in compliance with existing processes and regulations
Ensure smooth performance of month-end activities such as account reconciliation, general ledger close, and cash reporting
Drive a culture of continuous process improvements with the goal of creating lean processes and standardization
Collaborate effectively with Internal and External Audit teams to facilitate testing procedures
Deputize for the Manager where required
Undertake other projects and responsibilities as assigned
Ensure the performance of all tasks is carried out in line with company policies, internal controls, and Sarbanes-Oxley requirements
Align with equal employment opportunity laws, regulations, and company policies related to discrimination in hiring, performance management, promotion, and compensation, including sexual harassment

Skills

Cash Allocations

Accounts Receivable

Bank Reconciliation

Root Cause Analysis

People Management

Leadership

KPIs

SLAs

Month-End Close

Performance Improvement

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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