Intercompany Accountant

at  Thermo Fisher Scientific

JOB DESCRIPTION

Job Title: Accountant I, ICO
Reports to: Manager IC & Cash & Banking
Group / Division: Global Business Services
Career Band: 4

POSITION SUMMARY:

Due to expansion we have an excellent opportunity for an individual to join our Intercompany Team based in Budapest. This is an exciting opportunity to work in an expanding Global Business Service in an organisation considered a global leader in its field which offers great career development and opportunities.
The Centre provides financial partnership in the EMEA region for two of the Thermo Fisher Scientific groups. We are responsible for a large number of entities within that portfolio and work to strict corporate deadlines.

SKILLS REQUIRED:

• Highly motivated and detail oriented individual with excellent communication, computer and organizational skills.
• Ability to prioritize and follow through in a fast-paced, multitask environment.
• Excellent attention to detail as accuracy is required in performing all aspects of the role
• Proficient in MS Excel.
• Ability to work well under time constraints.
• High level of pro-activity to drive continuous improvement.
• Proficient in English.
• Demonstrate Thermo Fisher Scientific values – Integrity, Intensity, Innovation and Involvement.

EDUCATION AND EXPERIENCE:

• University or College Degree in Finance field.
• Experience of high volume intercompany or Accounts Payable environment.
• 1 to 3 years previous experience in a large scale organisation would be beneficial.
• Working knowledge of ERPs (E1 or SAP) (Desired but not essential).
  New line
  This includes the open AR follow-up with the partners and asking them to pay.
  Accountant scope includes GRIR clearing and follow-up

• Proven ownership and control after transition period over the entities’ intercompany portion and/or processes in scope, which includes trackable improvement in backlog or providing constant good quality
• Manage specific bank accounts throughout the month, ensuring all entries posted either manually or automatically, investigating and resolving any differences.
• Working with Accounting teams to clear cash in transit accounts.
• Working with Accounting teams and Treasury to ensure mapping rules are set up correctly.
• Processing Intercompany recharges in a timely and accurate manner resolving any issues.
• Review and clear aged intercompany AR items.
• Agree intercompany AR balances with appropriate counterparty for month-end close.
• Book any month-end adjustments as required to reconcile intercompany relationships.
• Processing Intercompany invoices in a timely and accurate manner resolving any issues.
• Process intercompany netting payments and allocate any payments/receipts on a monthly basis.
• Monthly analysis of goods received but not invoiced (GRNI).
• Perform balance sheet account reconciliations for accounts within the roles remit, research and resolve any reconciling items on a monthly basis.
• Assist Sarbanes-Oxley team with walkthrough and control testing performance and coordination.
• Assist with requests from external and internal auditors as well as various groups companywide.
• Complete special projects as requested.