Cost Accountant III

Job Description

At Thermo Fisher Scientific, our Finance teams are essential 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 unique career experiences and perspectives. Ranked #92 on the 2022 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:

The Life Sciences and Laboratory Products Group (LSLPG) within Thermo Fisher Scientific is seeking a Cost Accountant in Carlsbad, CA. The Cost Accountant will be a key partner and support all LSLPG businesses in setting accurate standard costs for new SKUs and ensuring that new inventory is valued correctly on the Balance Sheet. You will be the leader of all inventory processes at our Milwaukee, WI plant.

What you will do:

• Set new SKUs standard costs in E1 and SAP for North America in accordance with corporate policies and generally accepted accounting principles. Support EMEA and APAC regions in setting new SKU standard costs as needed.
• Actively seek out and implement process improvements for new SKU costing. Collaborate with the EMEA and APAC regions to share best practices and explore global solutions to new SKU costing.
• Lead all costing activities for the Milwaukee BID Plant, including the following:
  • Perform the monthly close for all inventory activities.
  • Review and help to explain monthly results with the Milwaukee Finance team.
  • Monitor work order variances, absorption, and PPV each week.
  • Lead the plant in rolling standard costs, including the calculation of standard rates.
  • Provide E&O support and analysis for the plant, and record entries to adjust the reserve each quarter.
  • Observe and support the Cycle Count program for the plant; establish robust cycle count processes and controls.
• Track and depreciate Demo inventory for LSLPG. Assist LSLPG businesses in reconciling Demo inventory account balances and ensure the correct addition and timely retirement of Demo inventory. Assist with Physical Inventories of Demo inventory as needed. Reconcile all Demo inventory accounts each month.
• Prepare journal entry to record global Intercompany Goods In-Transit (GIT) during the monthly close. Reconcile all GIT accounts during closing.
• Support the LSLPG Cost Accounting Team in the bi-annual Global Cost Roll. Build reporting templates and perform ad hoc analyses as assigned by the Finance Director, Ops Finance, or the businesses.
• Perform other related duties as required and/or assigned.

How will you get here:

Education:

• Bachelor's degree in Accounting, Finance, or relevant discipline

Experience:

• Minimum of 3 years of experience is required, preferably supporting manufacturing
• Experience in E1 and SAP ERP systems is required, preferably in Costing

Knowledge/Skills/Abilities:

• Proficiency in Excel advanced formulas and PowerPoint
• Excellent verbal and written communication skills
• Must be able to interface effectively at all levels and demonstrate good judgment, and tact and diplomacy with internal customers. Self-initiative, strong organization skills, and a positive attitude are helpful.
• Experience working in a matrixed organization is preferred.
• Minimal travel required.

The salary range estimated for this position is $74,800 - $114,400. This position will also be eligible to receive a variable annual bonus based on company, team, and/or individual performance results in accordance with company policy. Actual compensation will be confirmed in writing at the time of offer.

We offer a comprehensive Total Rewards package that our US colleagues and their families can count on, which generally includes:

• A choice of national medical and dental plans, and a national vision plan
• A wellness program, and valuable health incentive opportunities for company contributions to a Health Reimbursement Account (HRA) or Health Savings Account (HSA)
• Tax-advantaged savings and spending accounts and commuter benefits
• Employee assistance program
• 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, short- and long-term disability, and volunteer time off 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

Thermo Fisher Scientific is an EEO/Affirmative Action Employer and does not discriminate on the basis of race, color, religion, sex, sexual orientation, gender identity, national origin, protected veteran status, disability or any other legally protected status.

Our Mission is to enable our customers to make the world healthier, cleaner and safer. Watch as our colleagues explain 5 reasons to work with us. As one team of 100,000+ colleagues, we share a common set of values - Integrity, Intensity, Innovation and Involvement - working together to accelerate research, solve complex scientific challenges, drive technological innovation and support patients in need. #StartYourStory at Thermo Fisher Scientific, where diverse experiences, backgrounds and perspectives are valued.

Apply today! http://jobs.thermofisher.com

We will ensure that individuals with disabilities are provided reasonable accommodation to participate in the job application or interview process, to perform essential job functions, and to receive other benefits and privileges of employment. Please contact us to request accommodation.

Accessibility/Disability Access

Job Seekers with a Disability: Thermo Fisher Scientific offers accessibility service for job seekers requiring accommodations in the job application process. For example, this may include individuals requiring assistance because of hearing, vision, mobility, or cognitive impairments. If you are a job seeker with a disability, or assisting a person with a disability, and require accessibility assistance or an accommodation to apply for one of our jobs, please submit a request by telephone at 1-855-471-2255*. Please include your contact information and specific details about your required accommodation to support you during the job application process.

*This telephone line is reserved solely for job seekers with disabilities requiring accessibility assistance or an accommodation in the job application process. Messages left for other purposes, such as not being able to get into the career website, following up on an application, or other non-disability related technical issues will not receive a response.

Compensation and Benefits

The salary range estimated for this position based in California is $83,300.00-$138,900.00.

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