Cost Accountant III

Thermo Fisher
Swindon, Gloucestershire, United Kingdom, United Kingdom
Competitive salary
12 Jan 2022
10 Feb 2022
Job role
Experience level
Part qualified
Thermo Fisher Scientific Inc. is the world leader in serving science, with annual revenue exceeding $30 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, improving patient diagnostics and therapies or increasing productivity in their laboratories, we are here to support them. Our global team of more than 80,000 colleagues delivers an unrivalled 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 and Patheon. For more information, please visit
To achieve this ambitious development, we're looking for a Cost accountant to support our newly created Commercial Manufacturing Organization (CMO) in Swindon, UK. This key role reporting to the Senior Finance Manager will be part of the PSG segment of Thermo Fisher Scientific.

Discover Impactful Work:

This new cross-functional unit will be at the forefront of the Covid-19 pandemic challenge and will produce one of the most promising vaccines.

A day in the Life:

  • Collaborate with the Operations Finance team to analyse cost data to identify efficiency opportunities to improve the total cost of product manufactured in Swindon, UK manufacturing site.
  • Analyse and maintain cost accounting and inventory systems including product costing, inventory control, variance analysis and calculation of excess and obsolete inventory.
  • Develop Revenue & Costs forecasts accuracy of new business unit
  • Complete regular tasks relating to the monthly, quarterly, and yearly financial close process, including reconciliations.
  • Cost modelling for business cases; including new product development, Make vs Buy analysis and capital appropriations.
  • Support technical accounting issues related to the month end and quarter end financial close and understand the accounting impact of proposed transactions regarding different functions and ensure GAAP is maintained.
  • Support the Global Annual Cost Roll by working directly with Value Stream managers to review new standards and their impacts on margin, inventory revaluation and Capitalised Variance netting, along with updating labour and Overhead rates.
  • Maintain data integrity globally for SAP costing; this includes cost re-rolls, data maintenance and working closely with IT and Finance to understand and effectively communicate impact.
  • Support Swindon site team from a cost accounting perspective to help quantify savings for potential projects/initiatives.
  • Collaborate with multiple functions and efficiently connect with different levels of employees in the company and demonstrate judgement, tact, and subtlety when taking care of internal and external customers.
  • Participate in operational improvements in data reporting and extracts of data and reconcile between source SAP systems GL and transactional data to consolidated reporting in (HFM) Hyperion.
  • Support SOX and External auditors by providing clear supporting explanations and documents

Keys to Success:


  • CIMA qualified/part qualified is a plus


  • SAP extensive knowledge and experience is a must
  • Considerable, dynamic accounting or finance experience
  • Experience in a Manufacturing environment

Knowledge, Skills, Abilities

  • Strong business partnering experience
  • Thrive in a sophisticated, multi-level environment and be able to work cross-functionally with individuals and teams
  • Self-motivated, independent asset in the organization who has passion and energy for the job
  • Keep an eye toward continuous improvement with a successful record of optimising processes
  • Example 3

Our Mission is to enable our customers to make the world healthier, cleaner and safer. Watch as our colleagues explain 5 reasons to work with us. As one team of 90,000 colleagues, we share a common set of values - Integrity, Intensity, Innovation and Involvement - working together to accelerate research, solve complex scientific challenges, drive technological innovation and support patients in need. #StartYourStory at Thermo Fisher Scientific, where diverse experiences, backgrounds and perspectives are valued.

Apply today!

Thermo Fisher Scientific is an EEO/Affirmative Action Employer and does not discriminate on the basis of race, color, religion, sex, sexual orientation, gender identity, national origin, protected veteran status, disability or any other legally protected status.
We will ensure that individuals with disabilities are provided reasonable accommodation to participate in the job application or interview process, to perform essential job functions, and to receive other benefits and privileges of employment. Please contact us to request accommodation.

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