Accountant

Job Description

When you're part of the team at Thermo Fisher Scientific, you'll do important work that supports a powerful mission. With revenues of more than $24 billion and a track record of stability and consistent growth, we're uniquely able to give our people the resources and opportunities to make significant contributions to the world.

Thermo Fisher Scientific Inc. (NYSE: TMO) is the world leader in serving science, with approximately 70,000 employees globally. Our mission is to enable our customers to make the world healthier, cleaner and safer. We help our customers accelerate life sciences research, solve complex analytical challenges, improve patient diagnostics, deliver medicines to market and increase laboratory productivity.

Due to continued organizational growth, we have a new opportunity for an Accountant within the Laboratory Chemicals Division (LCD). In this role, you will work with the Accounting Manager to take ownership of the Accounts Payable process and other accounting duties.

How you will make an impact:

The Accountant will partner with the Accounting Manager, finance staff, operations and business management to build a best in class Accounts Payable process for ensuring all company expenditures are properly approved (Purchase Order system), paid within terms and maximizing vendor discounts, and coded correctly to allow for proper tracking and analysis of cost center spending. In this role, the Accountant will continue to take on additional responsibilities with increasing complexity, with the expectation of quickly advancing in the organization.

What you will do:

• Drive continual improvements in the processing of supplier invoices - verifying unit costing, quantities, extensions and discounts, debit memos, check requests, credit memos and voided checks.
• Become a resource and Subject Matter Expert (SME) on GL coding of invoices and purchase orders for expense and service-type invoices.
• Analyze and resolve discrepancies between goods receipts and invoices with various departments within the organization, ensuring that personnel and suppliers are held accountable and being a driving force for collaboration and resolution of variances.
• Lead the Process of weekly accounts payable check runs, ensuring that discounts are being obtained, vendors are being paid within terms, and ensuring optimal management of working capital for the site, division, and the organization.
• In addition to processing outsourced check runs, will also process ACH's and Wire payments to domestic and international suppliers through the Treasury department or thru the approval flows developed by the Treasury Department
• Work with other accounting personnel to clear inter-company balances monthly and resolving discrepancies quickly and efficiently.
• Acting as a backup - work with site leadership and treasury to ensure accurate payroll processing on weekly and bi-weekly payrolls.
• Monitor and self-assess, if necessary, sales and use tax on supplier invoices. Maintain status of current sales and use tax rates and laws.
• Meet monthly closing timetable to ensure all expenses are accounted for in the correct month.
• Provide monthly accruals for month-end close.
• Review A/P trial balance for inaccuracies.
• Reconcile monthly supplier statements.
• Maintain monthly cash disbursement files.
• Research and resolve supplier and internal customer inquiries.
• Print and maintain accounts payable reports, journals and check imaging.
• Prepare year-end 1099 IRS forms and maintain W-9 supplier files. Maintain current status of IRS regulations relating to year-end reporting.
• Set up and maintain supplier paid files.
• Preparation and analysis of ad hoc reports for management as needed.
• Stay current on all company policy and procedures relating to accounts payable.
• Promote "best practices" - suggest and drive improvements to existing processes
• Other miscellaneous duties as assigned.

How you will get here:

Education & Experience

• Bachelor's degree in finance or accounting with strong knowledge of GAAP (Master's would be a plus)
• CPA, CPA Candidate, or Qualified Accountant (CA, CIMA or ACCA) would be a plus
• Strong technical accounting knowledge

• 1+ year of experience in accounting, accounts payable, or a finance role preferred
• Prior Manufacturing experience or a desire to work in a Manufacturing environment highly preferred
• System and / or process improvement implementations (or desire to implement) that resulted in reduced close timelines, better information or reporting, or simplification of accounting processes highly desired

Knowledge, Skills, Abilities

• High level of proactivity to drive continuous improvement
• Advanced skills and experience in computerized accounting software systems including the three-way match process preferred
• Advanced skills in Microsoft Office preferred - Pivot Tables, vLookups, SumIfs, Index Match, etc
• Ability to accurately process high volumes of work, prioritize duties, meet deadlines, and work independently while maintaining strong relationships with internal and external customers required
• Proven analytical and problem-solving skills
• Effective oral and written communication skills
• Ability to develop high levels of credibility and forge solid and positive professional relationships with all levels of the organization, including upper management
• Team-oriented focus with demonstrated leadership
• Flexible and adaptable - particularly around month and quarter end

• Commitment to continuous learning, career progression and development, embrace additional responsibilities and seek opportunities to stretch capabilities
• Exhibit leadership potential, initiative, and demonstrate the Thermo Fisher Scientific 4-I values for Integrity, Intensity, Innovation and Involvement
• Experience with PRMS, Oracle and Hyperion are a plus
• Self-motivated with a bias for action