Commercial Finance Analyst

Recruiter
Thermo Fisher
Location
Loughborough, Leicestershire, United Kingdom, United Kingdom
Salary
Competitive salary
Posted
07 May 2022
Closes
29 May 2022
Ref
200174BR
Job Title: Commercial Finance Analyst

Position Summary:


The position is responsible for working with the Commercial and Finance teams to deliver value adding analysis to drive revenue and margin. The position will have the key responsibility to ensure accuracy of standard cost, customer incentive programs and value adding analytics. They will provide financial models to assess new opportunities and work with commercial leaders during the annual price renewal process.

Key Responsibilities:
  • Supporting the lead Commercial Finance team with accurate and commercially focused reporting on sales performance, margins, forecasting and product profitability.
  • Diligently manage the accuracy of Standard Costs within IBS. Ensure all changes to costs are analysed and understood, and updates are performed in a timely manner where necessary.
  • Ensure all customer incentives (rebates and signing bonuses) are accurately recorded, forecasted and paid in a timely manner.
  • Support the annual price renewal process, to ensure the business maximizes price performance whilst complying with customer contracts.
  • Able to work with appropriate internal departments to implement pricing and financial terms for customer contracts.
  • Production of customer facing reports to monitor contractual obligations such as savings commitments and incentives.
  • Modelling of customer contracts and tenders.

Minimum Requirements/Qualifications:

  • A degree or equivalent qualification in accountancy or a related commercially or numerically focused discipline.
  • Studying towards a recognized accountancy qualification.
  • Ability to follow departmental procedures relating to financial modelling and analysis. The individual must be able to work as both part of a team, across functions and on their own initiative, be flexible and to review current practices with the target of improving the department to achieve modern best practices.
  • Strong analytical approach; able to interrogate data and possess an enquiring mind.
  • Maintain effective communication both internally and externally.
  • Competent in the use of Microsoft Excel, Word and Outlook.
  • Experience with business intelligence tools (Power BI, Cognos) preferred, not essential.

About Thermo Fisher Scientific:

Thermo Fisher Scientific Inc. (NYSE: TMO) 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 orthedevelopment andmanufacture of life-changing therapies, we are here to support them. Our global teamofmore than 100,000colleaguesdelivers 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. For more information, please visit www.thermofisher.com.

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