Thermo Fisher Scientific
Sr. Cost Accountant
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Senior Cost Accounting Manager – Global Clinical Diagnostics BAI Manufacturing Sites
Work Schedule
Standard Office Hours (40 hours per week)
Environmental Conditions
Office-based
About the Role
As part of the Thermo Fisher Scientific team, you’ll engage in meaningful work with a global impact. Join our mission-driven colleagues in enabling customers to make the world healthier, cleaner, and safer. Our Global Clinical Diagnostics Costing team develops solutions for critical challenges—like environmental protection, food safety, and innovative healthcare advancements.
This Senior Cost Accounting Manager role is responsible for leading all cost accounting and inventory activities across BAI manufacturing sites in:
- Nîmes, France
- Vantaa, Finland
- Hennigsdorf, Germany
You will partner closely with the Sr. Cost Accounting Manager and operations finance leads to drive global best practices and standardize processes.
Key Responsibilities
Standard Costing
- Annual Standard Costs in SAP ERP:
- Collaborate with procurement to establish accurate material cost benchmarks.
- Calculate and apply direct labor and overhead rates for the upcoming fiscal year while ensuring standardized methodology is used across all BAI sites.
- Align with Regional Controllers and Site Finance Leaders for compliance and input.
- Variance Analysis & Reporting:
- Analyze year-over-year variances for both material, labor, and overhead costs.
- Consolidate updated standard costs by SKU for pricing updates and strategic business decisions.
- New Product Development & Inventory Reconciliation:
- Support New Product Introduction (NPI) efforts by performing cost modeling for new products.
- Ensure inventory revaluation aligns with expectations and proactively address any deviations.
Monthly Closing
- Obsolescence & Reserve Calculations:
- Calculate excess, obsolescence, expiry, and blocked reserves.
- Partner with operations, supply chain, and finance teams to ensure all business decisions are embedded in risk communication.
- Lead monthly call reviews for assigned sites.
- Journal Entries & Reconciliation:
- Prepare monthly journal adjustments for:
- Material variance capitalization
- Purchase price variance reclassifications
- Labor, overhead, and freight absorption
- Rebates accruals
- Ad-hoc manual entries
- Consolidate regional production volumes (standard hours, units, absorption).
- Develop the monthly “Net Savings” report, review manual project calculations, and align with operational teams.
- Prepare monthly journal adjustments for:
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Process Improvement & Compliance
- Cycle Counts & Inventory Audits:
- Support cycle count programs and help conduct annual physical inventories if recurring exceptions prevent consolidation.
- ERP System Enhancements:
- Implement standard-cost rollouts and new parts across sites.
- Reporting & Strategic Initiatives:
- Generate weekly production volumes (standard hours/units) and procurement reports.
- Field cost accounting inquiries from manufacturing sites.
- Participate in operational projects, such as cost roll implementations, cross-site production optimizations, and strategic business case development.
Requirements
Education & Experience
- Minimums:
- An Advanced Degree (Master’s or higher) plus 6 years of experience in manufacturing cost accounting or finance.
- OR a Bachelor’s Degree plus 8 years of pertinent experience.
- Preferred:
- MBA, CPA, or CMA certification.
- Background in Accounting, Finance, or a related discipline.
Technical & Functional Skills
- ERP Systems:
- Advanced proficiency in SAP (cost accounting modules), JD Edwards E1, or Oracle R12.
- Financial Tools & Analysis:
- Expertise in standard cost accounting, variance analysis, and inventory revaluation.
- Skilled in cost modeling and making business case scenarios (Include: new product introductions, made-vs-bought evaluations).
- Experience in monthly/quarterly close processes and related journal entries.
- Regulatory Compliance:
- In-depth knowledge of GAAP standards and SOX compliance requirements.
- Audit Support:
- Demonstrated experience with internal and external audits, including SOX-related reviews.
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Soft Skills & Mindset
- Strong Analytical & Problem-Solving Capabilities
- Collaborative Scope:
- Ability to build cross-functional partnerships with operations, planning, procurement, and finance.
- Communication Excellence:
- Proficient in clear written and verbal correspondence.
- Process & Improvement Orientation:
- A data-driven mindset focused on raising business-wide standards.
- BOM & Production Flexibility:
- Hands-on experience with Bill of Materials (BOMs) and production routing analysis.
Company Culture & Ethics
Thermo Fisher Scientific values diversity, inclusion, and equal opportunity. We are committed to providing a workplace where all employees thrive, including those with disabilities requiring accommodations. Please contact HR to discuss accessibility options.
As an Equal Opportunity Employer, we ensure consideration for all qualified candidates without regard to:
- Race
- Religion
- Age
- Nationality
- Gender identity (including non-binary)
- Disability status
- Veteran status
Join Us – Build Your Story with Purpose
Explore how we’re revolutionizing science, technology, and healthcare through customer-centric innovation. At Thermo Fisher, every career contributes to making meaningful outcomes—whether in life sciences, diagnostics, or the environment.
What impact will you deliver? Discover how thousands of professionals align every day with our Mission: Helping our customers create a healthier, cleaner, safer world.
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