Accountant III

JOB DESCRIPTION

Work Schedule

Standard (Mon-Fri)

Environmental Conditions

Office

Job 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 Biologics

DESCRIPTION

How 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.

REQUIREMENTS

How you will get here:

Education

• Bachelor's Degree in accounting and/or finance.

• MBA and/or CPA a plus

Experience

• 3+ years of proven 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

Knowledge, Skills, Abilities

• 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