Operations Cost Accountant

Work Schedule
Standard (Mon-Fri)

Environmental Conditions
Office

Job Description

Operations Cost Accountant - Analytical Instruments Group

At Thermo Fisher Scientific, our Finance teams are important 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 outstanding 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 you will make an impact:

As a Cost Accountant in our manufacturing division, operating in a fast-paced environment, you'll be at the heart of ensuring financial integrity and efficiency within our operations. We specialize in manufacturing scanning electron microscopes crucial for quality control in the integrated circuit industry. This role demands resilience and a tenacious spirit. You'll meticulously analyze production costs, monitor inventory levels, and collaborate closely with cross-functional teams to optimize manufacturing processes, ensuring the highest standards of quality for these specialized instruments.

What you will do:

• 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.

How you will get here:

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

None