Sr. Cost Accountant Manager – CDD Operations

Work Schedule

Standard Office Hours (40/wk)

Environmental Conditions

Office

Job Description

As part of the Thermo Fisher Scientific team, you’ll discover meaningful work that makes a positive impact on a global scale. Join our colleagues in bringing our Mission to life every single day to enable our customers to make the world healthier, cleaner and safer. We provide our global teams with the resources needed to achieve individual career goals while helping to take science a step beyond by developing solutions for some of the world’s toughest challenges, like protecting the environment, making sure our food is safe or helping find cures for cancer.

As the Sr. Manager Cost Accounting, Global ERP & Costing you will assume responsibility for driving a harmonized and streamlined approach to Costing across Clinical Diagnostic Division. Working closely with the Finance Director of Global Operations, Q&RA, Business Unit Finance Directors & Operations Sr. Finance Managers

How will you make an impact?

You will work to build a world class cost accounting organization by developing and deploying consistent methods of establishing standard costs, variance analysis and reporting. You will be an integral part of the global cost accounting organization, partnering with supply chain, sourcing, site operations, and operational improvement leaders to drive critical metrics.

What you will do:

• Manage, lead, and develop a global team
• 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.
• Support technical accounting issues related to the month end and quarter end financial close and understand the accounting impact of proposed transactions to ensure GAAP is maintained.
• Become adept in data reporting and analytics from ERP systems, G/L, GLA, SPoT, Cognos and PLN. Use this skill set to support the Sr. Managers and the Finance Director in reporting and cost roll data analysis.
• Serve as the project manager for the Divisional global cost roll. Lead communications and coordination at each stage gate, serving as the key point of contact for cost roll questions. Support each site controller in data consolidation, division communication, and reporting during the cost roll.
• Take an active role on the data consolidation team, and support the Finance Director, in reporting cost roll P&L impact.
• Lead your team to execute the cost roll, and E&O reserves in understanding, reporting and explaining inventory revaluation and the offset for capitalized manufacturing variances. Manage purchase price updates, labor & OH rate calculations and allocation spread. Responsibility for divisional reporting of revaluation, CMV analysis and global 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.
• 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.
• Support the annual physical inventories and cycle count programs at each site.
• Support periodic audits of bills of materials.
• Drive standardized daily/weekly metrics reporting for inventory scrap, materials usage, and purchase price variances.
• Generate daily production volumes reports (standard hours/units).

REQUIREMENTS:
• Advanced Degree plus 6 years of experience, or Bachelor's Degree plus 8 years of experience in cost accounting or finance, with proven leadership experience in manufacturing environments
• Preferred Fields of Study: Accounting, Finance, Economics, or related business field
• CPA or CMA preferred
• Strong expertise in cost accounting principles, GAAP, and financial analysis
• Advanced proficiency in ERP systems (SAP, Oracle, JD Edwards) and financial applications (Excel, PowerBI, HFM/CMR)
• Demonstrated ability to lead and develop teams
• Excellence in financial forecasting, budgeting, variance analysis, and root cause interpretation
• Strong analytical skills with ability to handle large datasets and deliver accurate reporting
• Effective communication and presentation abilities to engage stakeholders at all levels
• Experience in leading month-end close processes, standard costing, and inventory management
• Demonstrated success in identifying and implementing process improvements
• Strong business partnering skills with ability to work cross-functionally
• Self-directed with excellent organizational and time management capabilities
• Travel may be required
• Experience in biotech or pharmaceutical industry preferred

Compensation and Benefits

The salary range estimated for this position based in Massachusetts is $130,000.00–$190,000.00.

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