Sr Manager, Cost Accounting

At Thermo Fisher Scientific, our Finance teams are essential 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 unique 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.

How will you make an impact?

The Life Sciences Group within the Life Sciences and Laboratory Products Group of Thermo Fisher Scientific is seeking a Senior Manager, Costing Accounting in Carlsbad, Ca.

What will you do?

• Ownership of E1 Cost Accounting and inventory systems including product costing, inventory control, variance analysis and recording of excess and obsolete inventory.
• The E1 team will lead CMV monthly actuals calculation, and support CMV and analysis projects.
• Execute regular tasks relating to the monthly, quarterly, and yearly financial close process including journal entry approvals, reconciliation review and approvals and P&L reporting.
• Cost modeling for business cases, including new product development, and Make vs Buy analysis.
• Support technical accounting issues related to the month end and quarter end financial close and understand the accounting impact of proposed transactions regarding different functions and ensure GAAP is maintained.
• Support the Global Annual Cost Roll by working directly with site cost accountants for inventory revaluation and Capitalized Variance analysis, along with management of purchase price updates, labor & OH rate calculations and allocation spread. Responsibility for divisional reporting of revaluation, CMV analysis and global impact.
• Ownership of data integrity globally for E1 costing; this includes cost re-rolls, data maintenance and working closely with IT and Finance to understand and articulate impact.
• Interface with different functions and effectively communicate with all levels of employees within the company and demonstrate judgment, tact, and diplomacy when dealing with internal and external customers.
• Participate in process improvements in data reporting/analytics and extracts of data and reconcile between source SAP / E1 systems GL and transactional data to consolidated reporting.
• Serve as the Cycle Count Finance leader for SAP (Co. 161) / E1 (Co. 100) sites. Serve as a leader and champion to promote and implement robust cycle count controls and processes. Partner with Inventory Control group to maintain cycle count procedures that are in compliance with corporate policy. Assist in preparing cycle count documentation for the internal and external audits.
• Ownership of audit requests for Co. 100; providing clear supporting explanations and documents.
• Business partner with on-site Finance to maintain transparency and address issues across departments/sites.
• Identify and implement process improvement projects to streamline and add efficiencies.
• Review current product costing methodology & process and identify improvement opportunities
• Prepare, review, and present financial schedules such as fluxes, absorption tests, excess capacity analysis, month-end reports, accounting memos, and other ad hoc schedules, as needed
• Strong written, presentation, and interpersonal skills required; must be able to present financial information in a meaningful, understandable way
• Ability to work in a fast-paced, changing environment, meeting deadlines in an accurate and timely manner; must be detail oriented

How will you get here?

Education:

• Bachelor’s in Accounting or related field, or the equivalent combination of education and experience; Master's, MBA, and/or CPA/CMA is a plus

Experience:

• Minimum 6-8+ years of progressive Cost Accounting or finance experience
• Strong evidence of previous direct management/supervisory experience. This position will have 7 direct reports.
• E1 system experience is preferred.
• Experience in HFM consolidation reporting systems is a plus.
• Experience in biotech or pharmaceutical industry is a plus.

Knowledge/Skills:

• Demonstrates strong leadership skills and an initiative/creativity to inspire change with a hands-on approach and a driven focus on results.
• Must have the ability to mentor and development direct reports, to form a high-performing team that is effective and adept in all Costing areas.
• Excellent communication skills. An ability to summarize information and present it in a concise and effective manner to influence other members of the management team at the business unit, division, group and corporate levels.
• Excellent interpersonal skills. Ability to successfully interact with other parties (customers, suppliers, service providers, senior management, peers, etc.) in an international setting w/cultural differences.
• A proven record of being able to multi-task and adapt to changing situations and varied demands. Ability to work in a fast paced, fluid environment on his/her own and handle numerous responsibilities.

Our Mission is to enable our customers to make the world healthier, cleaner and safer. As one team of 100,000+ colleagues, we share a common set of values - Integrity, Intensity, Innovation and Involvement - working together to accelerate research, solve sophisticated scientific challenges, drive technological innovation and support patients in need. #StartYourStory at Thermo Fisher Scientific, where diverse experiences, backgrounds and perspectives are valued.

EEO/Reasonable Accommodation:
Thermo Fisher Scientific is an EEO/Affirmative Action Employer and does not discriminate based on race, color, religion, sex, sexual orientation, gender identity, national origin, protected veteran status, disability, or any other legally protected status. We will ensure that individuals with disabilities are provided a reasonable accommodation to participate in the job application or interview process, to perform critical job functions, and to receive other benefits and privileges of employment. Please contact us to request an accommodation.

Job Seekers with a Disability: Thermo Fisher Scientific offers accessibility service for job seekers requiring accommodations in the job application process. For example, this may include individuals requiring assistance because of hearing, vision, mobility, or cognitive impairments. If you are a job seeker with a disability, or assisting a person with a disability, and require accessibility assistance or an accommodation to apply for one of our jobs, please submit a request by telephone at 1-855-471-2255*. Please include your contact information and specific details about your required accommodation to support you during the job application process.

Compensation and Benefits

This position may also be eligible to receive a variable annual bonus based on company, team, and/or individual performance results in accordance with company policy. We offer a comprehensive Total Rewards package that our U.S. colleagues and their families can count on, which includes:

• A choice of national medical and dental plans, and a national vision plan, including health incentive programs

• Employee assistance and family support programs, including commuter benefits and tuition reimbursement

• At least 120 hours paid time off (PTO), 10 paid holidays annually, paid parental leave (3 weeks for bonding and 8 weeks for caregiver leave), accident and life insurance, and short- and long-term disability in accordance with company policy

• Retirement and savings programs, such as our competitive 401(k) U.S. retirement savings plan

• Employees’ Stock Purchase Plan (ESPP) offers eligible colleagues the opportunity to purchase company stock at a discount

For more information on our benefits, please visit: https://jobs.thermofisher.com/global/en/total-rewards