Thermo Fisher Scientific

Financial Analyst - FP&A

Thermo Fisher Scientific$69K — $104K *
Manufacturing & Automotive
Less than 5 years of experience
Job Overview by Ladders

Qualifications

  • Bachelor's degree in Accounting or Business Administration; Finance/Accounting designation preferred.
  • 3+ years of progressive experience in finance or cost accounting, with manufacturing experience required.
  • Experience in pharmaceutical or life sciences sectors is a plus.
  • Preferred experience in operations or supply chain finance.
  • Strong technical skills in cost accounting and inventory valuation.

Responsibilities

  • Execute month-end close activities such as journal entries and reconciliations.
  • Support revenue recognition in compliance with ASC 606.
  • Investigate financial discrepancies in problem products.
  • Develop and maintain annual standard costs for all materials, labor, and overhead.
  • Analyze manufacturing variances in key metrics like PPV and material usage.
  • Review inventory valuation and conduct quarterly excess and obsolete inventory analyses.
  • Collaborate with Supply Chain and Operations on product costing and revenue forecasts.

Benefits

  • Opportunity to partner with leadership in a global organization.
  • Participation in process improvement initiatives.
  • Improved reporting through advanced tools like SAP and Power BI.
  • Support for internal and external audits.
Full Job Description
Work Schedule
Standard (Mon-Fri)

Environmental Conditions
Office

Job Description

Summary:

The Financial Analyst supports manufacturing operations by providing financial analysis, cost accounting, inventory valuation, revenue recognition support, and month-end close activities. Working closely with Supply Chain, Operations, and Finance leadership, this role ensures accurate financial reporting, develops product standard costs, analyzes manufacturing performance, and identifies opportunities to improve operational efficiency and profitability. This position offers the opportunity to partner directly with manufacturing and supply chain leaders, influence operational decisions, explain financial results, improve financial performance, and recommend improvements within a global organization.

Essential Functions:
  • Complete month-end close activities, including journal entries and reconciliations focused on Cost of Goods, Inventory, Revenue/Deferred Revenue and Provisions.
  • Support revenue recognition in accordance with ASC 606.
  • Review problem products and investigate financial discrepancies.
  • Validate, develop and maintain annual standard costs for materials, labour, and overhead.
  • Maintain cost rollups in SAP.
  • Analyze manufacturing variances including:
    • PPV
    • Material usage
    • Labour
    • Overhead
  • Support new product costing.
  • Review inventory valuation and reserves.
  • Perform quarterly excess and obsolete inventory analysis.
  • Monitor work orders and close completed process orders.
  • Support WIP valuation.
  • Partner with Supply Chain and Operations to ensure accurate product costing and revenue recognition.
  • Support forecasts for revenue, labour, and materials.
  • Investigate cost variances and recommend corrective actions.
  • Support internal and external audits.
  • Lead or participate in process improvement initiatives.
  • Improve reporting through SAP, Excel, Power BI, and Smartsheet.
  • Maintain a safe working environment and report potential hazards.


REQUIRED QUALIFICATIONS

Education:
  • B.A. in Accounting or Business Administration or equivalent.
  • Finance/Accounting Designation is preferred.


Experience:
  • Minimum 3 years of progressive experience in finance or cost accounting
  • Manufacturing experience required; pharmaceutical or life sciences experience is an asset
  • Experience supporting operations or supply chain finance preferred.


Knowledge, Skills, and Abilities:
  • Technical skills in cost accounting, standard costing, manufacturing finance and inventory accounting.
  • Demonstrated computer proficiency with Microsoft Office programs, Advanced level excel is required.
  • Proficiency with Power BI and Smartsheet and Financial Modelling is an asset
  • Strong analytical thinking
  • Excellent communication skills
  • Ability to explain financial concepts to non-financial partners
  • Strong attention to detail and organizational skills
  • Ability to manage competing priorities
  • Continuous improvement mindset
  • Proficiency with the English Language


Compensation
The estimated annualized pay range for this position in Ontario is $69,400.00-$104,050.00.

About Thermo Fisher Scientific

Thermo Fisher Scientific Careers

Join the vibrant team at Thermo Fisher Scientific, a global leader in serving science and making the world healthier, cleaner, and safer. With a workforce of over 75,000 professionals, Thermo Fisher Scientific offers unparalleled job opportunities and a culture of innovation that propels your career to new heights. Work You’ll Do At Thermo Fisher Scientific, you will be part of a team that is dedicated to enabling our customers to make the world healthier. Whether you are involved in the development of life-saving drugs or innovative environmental solutions, your work will have a profound impact on society. Our commitment to leadership in the industry is unwavering. With Thermo Fisher Scientific, you will lead projects that set standards in scientific inquiry and market leadership. You will work at the intersection of science, technology, and industry expertise, driving digital innovation in every aspect of our business. Join our diverse team of professionals and engage in roles that span across various functions and disciplines. From research and development to marketing and sales, the breadth of job opportunities available means that you can find the perfect match for your skills and passions. Innovative Work As part of our team, you will have access to cutting-edge tools and technologies that foster creativity and innovation. Thermo Fisher Scientific is home to a dynamic range of career paths, all designed to challenge you and help you grow as a professional. Our employment philosophy emphasizes diversity and inclusivity, ensuring that all team members have the opportunity to thrive. We believe in nurturing talent through robust training programs, leadership development, and opportunities for career advancement. Be Part of a Great Team Working at Thermo Fisher Scientific means being part of a global network of enthusiastic, talented, and ambitious individuals. Our culture is built on collaboration, where each member’s unique skills and perspectives are valued. You will enjoy benefits that support both your professional growth and personal well-being. Future-Proof Your Career Embark on a journey of growth and continuous learning with Thermo Fisher Scientific. We offer a variety of training and development programs that cater to your interests and career goals. From internships for budding scientists to leadership training for aspiring executives, our programs are designed to equip you with the skills needed for a successful and fulfilling career. Explore Discover how our commitment to innovation leads to advancements in health and science: [Read More] Learn about our leadership in environmental sustainability and how you can contribute: [Read More] The Thermo Fisher Scientific Difference Our global presence and commitment to innovation mean that your work extends beyond borders and makes a tangible impact worldwide. The collaboration between our teams drives our leadership in the scientific community and contributes to a culture that embraces diversity and fosters professional growth. Stay Connected Join Our Team Search open positions that match your skills and interest. We are always on the lookout for passionate, curious, and driven team players. Explore our job opportunities and find out how you can contribute to our meaningful work. SEARCH THERMO FISHER SCIENTIFIC JOBS Keep Up to Date Stay ahead with career tips, insider perspectives, and industry-leading insights you can put to use today—all from the people who work here. READ CAREERS BLOG Job Alert Emails Customize your subscription to receive job alerts, latest news, and insider tips tailored to your preferences. Discover the exciting and rewarding opportunities that await at Thermo Fisher Scientific.
Learn more about Thermo Fisher Scientific
Size
130,000 employees
Market Cap
$213.3 billion
Industry
Net Income
$6.3 billion
Founded
1956
5 Year Trend
+16.5%
Revenue
$32.2 billion
NASDAQ

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