Financial Analyst - Cost Accounting

at  Thermo Fisher Scientific

SUMMARY:

This role is responsible for producing work center rates and product standard costs and pricing as defined in each Master Service Agreement (MSA) contract, valuing and balancing inventory, all reserves and auditing the data integrity of the SAP master databases for Item, Bill of Material and Routings. Analysis of Gross Margin Report highlighting and investigating differences between actual performance versus standard.

EDUCATION:

B.A. in Accounting or Business Administration.
Finance/Accounting Designation is preferred.

EXPERIENCE:

Minimum 3 years’ experience in Cost accounting; ideally in the pharmaceutical industry and/or a large corporate environment.
Experience in Manufacturing entities with strong technical understanding of costing and operations.
Experience with data management and reporting software tools including advanced level knowledge of Microsoft Excel application, SAP. Smartsheets, PowerBI.

KNOWLEDGE, SKILLS, AND ABILITIES:

Demonstrated experience in providing financial data and systems support and analysis to cross functional teams for projects and business opportunities through financial modeling. Experience coordinating and preparing costing budgets and latest estimates and positively impacting the financial results by making recommendations. Creative thinker, problem solver, and strong technical ability. Good organizational skills and the ability to work on multiple tasks simultaneously. Self-starter and detail oriented. Proficiency with the English Language.

PHYSICAL REQUIREMENTS:

Light physical effort and fatigue. Walks, sits, or stands for limited periods. May require occasional equipment operation including keyboard equipment. Lifts light items for limited duration. Typically located in a comfortable indoor area. There may be regular exposure to mild physical discomfort from factors such as dust, fumes or odours, loud noise, strong drafts, or bright lights. Use of Personal Protective equipment may be required and may include any of the following: safety glasses, safety shoes, lab coat, gloves, hair net, beard cover, safety apron, respirator on occasionally.

DISCLAIMER:

This job description is intended to present the general content and requirements for the performance of this job. The description is not to be construed as a comprehensive statement of work, responsibilities, or requirements. Managers and supervisors may assign other duties as needed.
Nothing contained herein should be construed to create an employment contract. Occasionally, required skills/experiences for jobs are expressed in brief terms. Any language contained herein is intended to fully align with all obligations imposed by the legislation of each country in which it operates, including the implementation of the EU Equality Directive, in relation to the recruitment and employment of its employees

• Complete Month-end tasks including Drug Product Services (DPS) and Pharmaceutical Development Services (PDS); Cost of Goods (COG) Reconciliation, ASC606 Revenue, Inventory Provisions, Inventory Reconciliations, Accruals, Various Journal Entries (JE) / Etc., Balance Sheet Account Reconciliations, Problem Products review, Total Month End Cycle, etc.
• Responsible for standards cost by developing Material Costing, develop annual standard rates and annual cost rollup. Input in SAP. Ongoing analysis and troubleshooting.
• Responsible for standards cost development for new skus when needed (Ad hoc). Ongoing analysis and troubleshooting.
• Act as Single Point of Contact (SPOC) for any cost or accounting analysis, investigation and/or review as required.
• Provide support on internal audits and external audits.
• Review open process orders and TECO (Technically Complete).
• Drive Financial Operational Excellence / Continuous Improvements projects by leading or being a key contributor as required.
• Frequent Revenue, materials and labour hours forecasting.
• Review Material Usages and Frequent review of excess and obsolete (E&O) inventory.