Thermo Fisher Scientific Sr Cost Accountant in Tewksbury, Massachusetts

Job Description

Company Information

Thermo Fisher Scientifics’, Chemical Analysis Division generates approx. $1.1 billion in annual revenues with 3,200 employees. Franklin Financial Shared Services supports multiple businesses that total approx. $325M in related volume and is focused on instrument manufacturing and services with industry demographics of environmental, laboratory, & process applications. The division is headquartered in Tewksbury, MA with multiple operations throughout the world.

Job Description

Position Summary:

The Senior Cost Accountant is responsible for all aspects of the cost accounting function including, but not limited to: the accurate costing of inventory, providing guidance on the proper handling of inventory transactions, month-end close process, running costed BOM’s, variance analysis, and supporting the yearly cost roll, cycle count process, and physical inventories.

Essential Job Functions and Accountabilities:

  • Prepare monthly journal entries and account reconciliations in an accurate and timely manner

  • Perform monthly analysis of inventory and variance accounts to make sure all inventory related accounts are reconciled for accuracy and reasonableness on a monthly basis

  • Review, summarize, and report recommendations on inventory, E&O reserve, and gross margin

  • Work with cross-functional groups to minimize Excess & Obsolete (E&O) inventory risk

  • Develop and/or improve upon established policies and procedures to enhance inventory control efforts including the cycle counting process, scrap process, etc.

  • Become a business partner with the Operations department

  • Perform cycle count audit

  • Prepare costed BOM’s from the ERP with the ability to drill into the details and identify any inconsistencies with costs

  • Train and supervise the day-to-day tasks and evaluations of a trainee going through the Finance Leadership Development Program (FLDP)

  • Support manager in oversight and training of staff

  • Assists with annual audits, quarterly reviews, annual forecast, and annual operating plan (AOP) preparation

  • Apply sound judgment based on accounting principles

  • Use PPI to drive process improvements

  • Other duties as assigned

Minimum Requirements/Qualifications:


  • Bachelor’s Degree in Finance or Accounting required


  • 3+ years of finance experience required

  • 2+ years experience in cost accounting preferred

Non-Negotiable Hiring Criteria:

  • Keen attention to detail

  • Skilled Excel user, able to create and maintain complex spreadsheets

  • Experience with and understanding of ERP systems in a manufacturing environment

  • Understanding of accounting principles and practices

  • Strong written and oral communication skills with the ability to interact with all levels within the organization

  • Strong interpersonal and customer service skills

  • Self-motivated with the ability to multi-task, work under pressure, and meet tight deadlines

  • Commitment to excellence and high standards

Travel requirements:

  • Less than 10%

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.