The Cost Accounting Manager position is a critical member of the Thermo Fisher Scientific - High Point Site finance team and will closely collaborate with operations in providing solutions to achieve operational and financial targets. This role provides support on a wide scope of operational, manufacturing, and strategic matters impacting the Site s objectives.
Integral role in the preparation of the annual budget, as well as periodic forecasts for the site
Develops and reviews labor and overhead standard costs to reflect actual costs on periodical basis
Provide relevant data, analysis and fact-based recommendations
Identify and document improvement opportunities based on best practices and knowledge of internal/external business challenges
Provide support for special projects/analysis within the Softgels finance team
Maintain and review product standard cost and analyze cost variances for management action and determine inventory balances to comply with US GAAP
Assist with the development of appropriate set of performance metrics for the business and then report and analyze these metrics on a consistent basis
Performs cost month-end closing (prepare journal entries as necessary, analyze inventory evaluation, inventory roll forward)
Analyzes and reports variances in expenses and materials relating to budget forecast
Develops and review weekly production data reports (i.e. production output, absorption, and yields)
Manages the development and maintenance of the costing system
Provides verbal and written reports of current financial status of the plant to department managers and senior management.
Coordinates with IT department for system issues, maintenance and development such as production, material purchasing, goods receiving, goods shipping, and other inventory related transactions.
Prepares or supervises the preparation of reports as required by regulatory agencies.
Finance partner to the cycle count/physical inventory process
Support and assist internal department reporting requirements such as audit schedules, tax schedules and Sarbanes Oxley compliance
Maintains fixed asset ledger
Provides analysis as needed for capital spending projects. Approves capital expense requests and ensures accurate tracking of expenditures.
Familiarity with Sarbanes Oxley implementation and control testing
Business analysis, financial planning and reporting skills that generate business insights that add measurable value
Understanding of updated Revenue Recognition rules as per (ASC606)
Current knowledge of trends in finance and functional best-practices
Ability to manage by influence
Excellent interpersonal, communication (both written and verbal) and presentation skills
Demonstrated ability to work effectively in a matrixed environment and capable of gaining commitment and coordinate action for initiatives
Ability to have effective working relationships across the company
Strong business acumen and judgement
Demonstrate the following behavioral attributes: Adaptable, Resilient, Accurate, Inquisitive, Influential
Strong organization skills and ability to prioritize workload
Project management capabilities
Ability to develop and manage processes that are effective and efficient
Proven ability to work with professional discretion and confidential information
Bachelor s degree in Accounting or Finance
CPA or MBA strongly preferred
At least 10 years of experience in finance related roles
At least 5 years in controlling/business finance positions with demonstrated success
Outstanding financial analysis skills
Experience working in a manufacturing environment, working knowledge of cost accounting
Hyperion experience required
SAP experience is a plus
Advanced desktop application experience Microsoft Power Point, Excel and Word
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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.
* The salary listed in the header is an estimate based on salary data for similar jobs in the same area. Salary or compensation data found in the job description is accurate.