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Our Mission is to enable our customers to make the world healthier, cleaner and safer.
The Role
Manages month-end close, journal entries, balance sheet reconciliations, accounts receivable, revenue recognition, and contract asset and liability accounting. Prepares financial reporting, forecasts, and analysis; applies ASC 606; supports audits and SOX compliance; and leads process improvements and control enhancements. Partners with business management and supports annual planning and operational reporting for the US Biologics business.
Summary Generated by Built In
Work Schedule
Standard (Mon-Fri)Environmental Conditions
OfficeJob Description
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.Location/Division Specific Information: St. Louis/US BiologicsDESCRIPTIONHow you will make an impact:Tasked with delivering financial transaction, reporting, and analysis support to the US Biologics business, particularly focusing on the St. Louis site operations. The US Biologics business is poised for quick and significant growth over the next 5 years. The candidate will be part of an evolving finance and accounting team that seeks to be recognized as valued business partners. This position will have exposure to many levels of the organization, offering the successful candidate many chances to truly influence the direction of the business and advance one's career.What you will do:- Manage month end close for areas of responsibility including but not limited to journal entries and balance sheet reconciliations. Review monthly results for reasonableness.
- Oversee accounts receivable activities including monitoring aging, collections, and cash application. Act as the St. Louis Operations subject matter expert for AR processes.
- Prepare and analyze contract assets and liabilities accounting driven by revenue recognition timing, including accrued and deferred revenue calculations and journal entries.
- Prepare monthly balance sheet roll forward analysis for AR, contract assets, and contract liabilities and other corporate required financial reporting.
- Partner with business management to provide detailed reporting and analysis of contract balances and revenue-related impacts on financial position.
- Work with business management to understand and apply ASC 606 principles as they relate to customer contract terms and their impact on contract assets and liabilities.
- Drive Practical Process Improvement (PPI) initiatives to streamline AR and contract accounting processes, improve cycle times, and enhance data accuracy.
- Identify and implement process improvements and control enhancements to strengthen the control environment and increase operational efficiencies.
- Ensure compliance with internal controls, SOX requirements, and accounting policies; recommend and implement control improvements as needed.
- Assist with preparation of management level reporting related to AR and contract balances.
- Support internal and external audit activities related to revenue recognition and AR cycles.
- Assist in the preparation of the annual operating plan and monthly forecasts for AR and revenue-related accounts.
- Other projects and duties as assigned.
- Bachelor's Degree in accounting and/or finance.
- MBA and/or CPA a plus
- Strong track record in accounting, reporting, and/or financial analysis
- Excellent verbal and written communication skills
- Experience with accounts receivable and revenue recognition accounting is helpful
- Understanding of contract assets and liabilities and the application of ASC 606 principles is helpful
- Experience in a manufacturing or contract services environment is a plus
- SAP and Hyperion experience is a plus
- Ability to react calmly to pressure and changing priorities
- Desire to advance one's career beyond current role
- Strong desktop application experience in Microsoft Excel, PowerPoint and Word
- Strong attention to detail
- Ability to coordinate and prioritize results
- Demonstrated ability to identify process inefficiencies and implement continuous improvement initiatives
- Experience with PPI methodologies and control framework enhancements
- Established reputation for engaging with professional discretion and safeguarding confidential information
Skills Required
- Bachelor's degree in accounting and/or finance
- Strong track record in accounting, reporting, and/or financial analysis
- Excellent verbal and written communication skills
- Experience with accounts receivable and revenue recognition accounting
- Understanding of contract assets and liabilities and ASC 606 principles
- Experience in a manufacturing or contract services environment
- SAP experience
- Hyperion experience
- Strong experience with Microsoft Excel, PowerPoint, and Word
- Ability to identify process inefficiencies and implement continuous improvement initiatives
- Experience with PPI methodologies and control framework enhancements
- Strong attention to detail and ability to coordinate and prioritize results
- Professional discretion and ability to safeguard confidential information
- MBA and/or CPA
Thermo Fisher Scientific Compensation & Benefits Highlights
The following summarizes recurring compensation and benefits themes identified from responses generated by popular LLMs to common candidate questions about Thermo Fisher Scientific and has not been reviewed or approved by Thermo Fisher Scientific.
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Retirement Support — Retirement programs include a strong company 401(k) match and an employee stock purchase plan that add meaningful long‑term value. Feedback suggests these features stand out among core financial benefits even when base pay feels average.
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Healthcare Strength — Health coverage offers multiple national medical options alongside dental and vision, with company‑paid life and disability coverage. This breadth is considered a solid foundation even if some costs may not be the lowest among peers.
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Parental & Family Support — Paid parental and caregiver leave, backup care, adoption assistance, and specialized family resources are available. Feedback suggests these supports are a notable plus for colleagues managing family and caregiving needs.
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The Company
What We Do
Thermo Fisher Scientific Inc. is the world leader in serving science, with annual revenue of approximately $40 billion. Our Mission is to enable our customers to make the world healthier, cleaner and safer. Whether our customers are accelerating life sciences research, solving complex analytical challenges, increasing productivity in their laboratories, improving patient health through diagnostics or the development and manufacture of life-changing therapies, we are here to support them. Our global team delivers an unrivaled combination of innovative technologies, purchasing convenience and pharmaceutical services through our industry-leading brands, including Thermo Scientific, Applied Biosystems, Invitrogen, Fisher Scientific, Unity Lab Services, Patheon and PPD.
Why Work With Us
You will join a company which every colleague has the opportunity to create possibilities, for oneself, for our customers and patients. There is no more exciting place to be than at the forefront of solving problems which help improve lives around the world. As a company, we are committed to supporting your career aspirations and your journey.
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