Cost Accountant III
At Thermo Fisher Scientific, our Finance teams are important to our business and functional teams to make educated, sound decisions that drive our Mission and make us a stable and trusted industry leader. From Financial Planning & Analysis, Tax, Treasury, Financial Reporting, Audit, Investor Relations, Strategy & Corporate Development to Accounting, our Finance functions have a diverse and global presence, providing significant opportunities to develop outstanding career experiences and perspectives. Ranked #95 on the 2021 Fortune 500 list and with revenues of more than $40 billion, you’ll discover endless opportunities to grow a rewarding career as part of the world leader serving science.
Location/Division Specific Information
The Chemical Analysis Division (CAD) is headquartered in Franklin, MA.
Discover Impactful Work:
An opportunity exists for a results-oriented professional to be an important contributor within the Franklin Financial Shared Services Team (FFSS). This position reports to the Cost Accounting Manager and will be responsible for cost accounting strategies and inventory management for various sites, offering the right candidate a significant opportunity for career development and growth.
A day in the Life:
- Perform monthly financial close activities including accuracy of manufacturing overhead expenses, overhead allocations, inventory, and cost-of-goods-sold. Ensure accuracy and reliability of general ledger/trial balance for the inventory grouping of accounts.
- Audit the Cycle Count Program for the sites ensuring accuracy and proper valuation of site perpetual inventories. Coordinate and assist with physical inventories, as needed.
- Lead continuous process improvement projects in the inventory control, cycle counting, and E&O reserve requirement area. Review, summarize and report recommendations on inventory, E&O reserve, and direct material costs.
- Responsible for driving the yearly cost roll to ensure accurate costing.
- Perform margin analysis to account for the impact of price, mix, and volume.
- Ensures compliance with U.S. GAAP, Sarbanes-Oxley requirements, company policy, approval authority matrix and standard operating procedure; recommends changes to strengthen control environment
- Perform special projects and ad-hoc reporting as needed and other accounting duties as assigned by management.
- Some travel may be required.
Keys to Success:
Education
- Bachelor’s degree in Accounting, Finance, related area or equivalent work experience
- MBA / Certified Management Accountant is a plus but not required
Experience
- Three (3)+ years accounting experience, including a minimum of one (1)+ of cost accounting experience or equivalent work experience.
- Experience with Infor XA (MAPICS) is a plus but not required
- Proficiency in excel is required
Knowledge, Skills, Abilities
- Solid understanding of fundamental cost accounting theories and concepts, including Sarbanes-Oxley compliance principles.
- Ability to multi-task and work independently in a fast-paced environment while meeting required deadlines.
- Self-motivated with a high bias for action.
- Desire to drive business process improvements and performance.
- Strong understanding of U.S. GAAP concepts with proven technical accounting skills.
- Proficiency in Microsoft Office including Excel, Word, and Outlook.