Thermofisher·2 hours ago
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Accountant III
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About this role
Work Schedule
Standard (Mon-Fri)Environmental Conditions
OfficeJob 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
Strong 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
Company
Thermofisher
Remote, Missouri, USA
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