About the role

Aplyr's Quick Take

This role is for a Financial Analyst focused on supporting manufacturing operations through financial analysis, cost accounting, and inventory management. You'll work closely with supply chain and operations teams to ensure accurate financial reporting and improve profitability. It's primarily an individual contributor role with a strong emphasis on analytical skills and financial processes.

Good fit

Ideal candidates have at least 3 years of experience in finance or cost accounting, preferably in a manufacturing environment. A background in pharmaceuticals or life sciences is a plus, and those who thrive in collaborative, detail-oriented settings will do well here.

Worth noting

The role involves significant interaction with manufacturing and supply chain leaders, which could provide valuable exposure and influence within the organization. However, the spec does not clarify how much autonomy the analyst will have in decision-making.

Work Schedule

Standard (Mon-Fri)

Environmental Conditions

Office

Job Description

Summary:

The Financial Analyst supports manufacturing operations by providing financial analysis, cost accounting, inventory valuation, revenue recognition support, and month-end close activities. Working closely with Supply Chain, Operations, and Finance leadership, this role ensures accurate financial reporting, develops product standard costs, analyzes manufacturing performance, and identifies opportunities to improve operational efficiency and profitability. This position offers the opportunity to partner directly with manufacturing and supply chain leaders, influence operational decisions, explain financial results, improve financial performance, and recommend improvements within a global organization.

Essential Functions:

Complete month-end close activities, including journal entries and reconciliations focused on Cost of Goods, Inventory, Revenue/Deferred Revenue and Provisions.
Support revenue recognition in accordance with ASC 606.
Review problem products and investigate financial discrepancies.

Validate, develop and maintain annual standard costs for materials, labour, and overhead.
Maintain cost rollups in SAP.
Analyze manufacturing variances including:
- PPV
- Material usage
- Labour
- Overhead
Support new product costing.

Review inventory valuation and reserves.
Perform quarterly excess and obsolete inventory analysis.
Monitor work orders and close completed process orders.
Support WIP valuation.

Partner with Supply Chain and Operations to ensure accurate product costing and revenue recognition.
Support forecasts for revenue, labour, and materials.
Investigate cost variances and recommend corrective actions.

Support internal and external audits.
Lead or participate in process improvement initiatives.
Improve reporting through SAP, Excel, Power BI, and Smartsheet.
Maintain a safe working environment and report potential hazards.

REQUIRED QUALIFICATIONS

Education:

B.A. in Accounting or Business Administration or equivalent.
Finance/Accounting Designation is preferred.

Experience:

Minimum 3 years of progressive experience in finance or cost accounting
Manufacturing experience required; pharmaceutical or life sciences experience is an asset
Experience supporting operations or supply chain finance preferred.

Knowledge, Skills, and Abilities:

Technical skills in cost accounting, standard costing, manufacturing finance and inventory accounting.
Demonstrated computer proficiency with Microsoft Office programs, Advanced level excel is required.
Proficiency with Power BI and Smartsheet and Financial Modelling is an asset
Strong analytical thinking
Excellent communication skills
Ability to explain financial concepts to non-financial partners
Strong attention to detail and organizational skills
Ability to manage competing priorities
Continuous improvement mindset
Proficiency with the English Language

Compensation

The estimated annualized pay range for this position in Ontario is $69,400.00–$104,050.00.

Aplyr's read

Thermo Fisher Scientific is a powerhouse in biotechnology, attracting professionals passionate about advancing scientific research and innovation across diverse roles and regions.
Synthesized from recent postings & public sources

What's promising

•Thermo Fisher is a leader in the biotech industry, offering stability and growth potential.
•The company invests heavily in R&D, fostering innovation and cutting-edge solutions.
•Global presence provides diverse career opportunities across multiple regions and disciplines.

What to watch

•High pressure and fast-paced environment may not suit everyone.
•Complex organizational structure can lead to communication challenges.
•Frequent acquisitions may result in uncertainty and change for employees.

Why Thermo Fisher

•Thermo Fisher's broad product portfolio spans laboratory equipment to clinical diagnostics.
•The company plays a crucial role in global scientific advancements and healthcare solutions.
•Strong focus on sustainability and corporate responsibility sets it apart in the industry.

Aplyr’s read is generated by AI from public sources. Was it useful?

About Thermo Fisher

Thermo Fisher

thermofisher.com

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Thermo Fisher Scientific is a global leader in serving science, providing a range of products and services to help researchers and scientists in laboratories and clinical settings.