Operations Cost Accountant

at  Thermo Fisher Scientific

EDUCATION

• Required: An undergraduate degree in Business, Finance or Accounting
• CPA and/or CMA preferred

EXPERIENCE

• Minimum of 3 years of finance and/or accounting experience preferably in operations accounting

KNOWLEDGE, SKILLS, ABILITIES.

• Excellent understanding of financial accounting standards and cost accounting.
• Proficient user of Excel; experience with QAD ERP (or equivalent) PowerPoint, and Hyperion is desired
• Proficient verbal and written communication skills
• Challenges the status quo; introduces and proactively seeks out new insights and solutions to strengthen business performance.

TRAVEL REQUIREMENTS

Non

• Participate in Month-End Close Process: ensuring all financial transactions for the month are accurately recorded and reconciled promptly. Tasks include preparing journal entries, reconciling general ledger accounts, and assisting in financial reporting.
• Cost Analysis: Conduct detailed analysis of production costs, including direct materials, labor, and overheads, to ensure accuracy and identify cost-saving opportunities.
• Inventory Management: Supervise inventory levels, track usage, and reconcile discrepancies, ensuring accurate valuation and minimizing waste or shortages.
• Collaboration: Work closely with cross-functional teams, including production, procurement, and finance, to streamline processes and optimize cost-efficiency.
• Variance Analysis: Monitor and analyze cost variances, investigating discrepancies and implementing corrective measures to align with budgeted targets.
• Process Optimization: Identify areas for process improvement within finance and manufacturing operations, recommending and implementing strategies to enhance efficiency without compromising quality.
• Financial Reporting: Prepare and present comprehensive reports on manufacturing costs, providing insights and recommendations to support informed decision-making by senior management.
• Compliance: Ensure compliance with accounting standards, internal controls, and regulatory requirements in all cost accounting activities.
• Continuous Improvement: Proactively seek opportunities for cost reduction, develop and implement standard processes, and contribute to ongoing efforts aimed at enhancing operational effectiveness and profitability.