Work Schedule
Standard (Mon-Fri)Environmental Conditions
OfficeJob 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.Skills Required
- B.A. in Accounting or Business Administration or equivalent
- Finance/Accounting designation
- Minimum 3 years progressive experience in finance or cost accounting
- Manufacturing experience
- Pharmaceutical or life sciences experience
- Experience supporting operations or supply chain finance
- Technical skills in cost accounting, standard costing, manufacturing finance and inventory accounting
- Advanced level Excel
- Proficiency with Power BI and Smartsheet
- Proficiency with SAP (maintain cost rollups)
- Experience with financial modelling
- Strong analytical, communication, attention to detail and organizational skills; ability to explain financial concepts to non-financial partners
- Proficiency with the English language
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.
Thermo Fisher Scientific Insights
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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