Work Schedule
Standard Office Hours (40/wk)Environmental Conditions
OfficeJob Description
As part of the Thermo Fisher Scientific team, you’ll discover meaningful work that makes a positive impact on a global scale. Our colleagues bring our Mission to life every day—enabling customers to make the world healthier, cleaner, and safer. We provide the resources and support needed to achieve your career goals while tackling some of the world’s toughest challenges, from environmental protection to advancing healthcare and curing disease.
Work Location & Expectations
This role requires 4 days onsite per week at one of Thermo Fisher Scientific’s primary East Coast manufacturing sites, including but not limited to:
- Asheville, NC
- Fair Lawn, NJ
- Grand Island, NY
- Greenville, NC
- Lebanon, TN
- St. Louis, MO
- Middletown, VA
Position Summary
As part of the Global Clinical Diagnostics Costing team, this role is responsible for leading cost accounting and inventory activities for CDR manufacturing sites, including Middletown, US and Suzhou, CN. Partnering closely with the Sr. Cost Accounting Manager and Operations Finance teams, you will drive global best practices and standardize processes across manufacturing sites.
How You’ll Make an Impact
You will help build a world-class cost accounting function by implementing consistent methodologies for standard costing, variance analysis, and reporting. This role partners cross-functionally with supply chain, sourcing, operations, and continuous improvement teams to drive critical financial and operational metrics.
Key Responsibilities
Standard Costing
- Lead annual standard cost updates in SAP
- Partner with procurement to establish accurate material costs
- Develop and standardize labor and overhead rates across sites
- Analyze year-over-year cost variances
- Consolidate SKU-level costs for pricing updates
- Support new product introductions through cost modeling
- Manage inventory revaluation and variance communication
Monthly Close
- Calculate excess and obsolescence reserves
- Prepare and post journal entries (PPV, variances, accruals, etc.)
- Consolidate production volumes and absorption metrics
- Support procurement savings reporting and monthly reviews
- Perform ad hoc financial and operational analysis
Additional Responsibilities
- Support cycle counts and physical inventory processes
- Maintain and activate new parts data
- Generate weekly production and procurement reports
- Participate in BOM audits and validation
- Drive process standardization and best practices
- Support site inquiries and operational initiatives
- Participate in key projects (cost roll implementations, production transfers, etc.)
Qualifications
- Advanced Degree with 6+ years, or Bachelor’s Degree with 8+ years of relevant experience in manufacturing cost accounting or finance
- Degree in Accounting, Finance, or related field preferred
- MBA, CPA, or CMA strongly preferred
- Strong ERP experience (SAP, JD Edwards, Oracle)
- Advanced Excel and financial reporting tool proficiency
- Expertise in standard costing, variance analysis, and inventory management
- Experience with monthly close and journal entries
- Strong understanding of GAAP and SOX compliance
- Proven audit support experience
- Excellent analytical, problem-solving, and communication skills
- Ability to operate effectively in a matrixed, global environment
- Process improvement mindset with strong cross-functional collaboration skills
- Experience with BOM and production routing analysis
Compensation and Benefits
The salary range estimated for this position based in Virginia is $93,800.00–$140,675.00.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
Skills Required
- Advanced Degree plus 6 years of experience, or Bachelor's Degree plus 8 years of experience in manufacturing cost accounting or finance
- MBA, CPA, or CMA certification
- Strong proficiency in ERP systems (SAP, JD Edwards E1, or Oracle R12)
- Advanced Excel skills
- Demonstrated expertise in standard cost accounting, variance analysis, and inventory management
- Experience with monthly/quarterly close processes and journal entries
- Ability to perform cost modeling and analysis for business cases, NPIs, and make-vs-buy decisions
- Strong knowledge of GAAP and SOX compliance requirements
- Experience supporting internal and external audits
- Excellent analytical and problem-solving capabilities
- Strong written and verbal communication skills
- Ability to work effectively in a structured, matrix environment
- Process improvement mindset
- Experience with Bill of Materials (BOM) and production routing analysis
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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