Sr. Cost Accountant CDR

About Thermo Fisher Scientific

As part of the Thermo Fisher Scientific team, you’ll discover meaningful work that makes a positive impact on a global scale. Our colleagues bring our Mission to life every day—enabling customers to make the world healthier, cleaner, and safer. We provide the resources and support needed to achieve your career goals while tackling some of the world’s toughest challenges, from environmental protection to advancing healthcare and curing disease.

Work Location & Expectations

This role requires 4 days onsite per week at one of Thermo Fisher Scientific’s primary East Coast manufacturing sites, including but not limited to:

• Asheville, NC
• Fair Lawn, NJ
• Grand Island, NY
• Greenville, NC
• Lebanon, TN
• St. Louis, MO
• Middletown, VA

Position Summary

As part of the Global Clinical Diagnostics Costing team, this role is responsible for leading cost accounting and inventory activities for CDR manufacturing sites, including Middletown, US and Suzhou, CN. Partnering closely with the Sr. Cost Accounting Manager and Operations Finance teams, you will drive global best practices and standardize processes across manufacturing sites.

How You’ll Make an Impact

You will help build a world-class cost accounting function by implementing consistent methodologies for standard costing, variance analysis, and reporting. This role partners cross-functionally with supply chain, sourcing, operations, and continuous improvement teams to drive critical financial and operational metrics.

Key Responsibilities

Standard Costing

• Lead annual standard cost updates in SAP
• Partner with procurement to establish accurate material costs
• Develop and standardize labor and overhead rates across sites
• Analyze year-over-year cost variances
• Consolidate SKU-level costs for pricing updates
• Support new product introductions through cost modeling
• Manage inventory revaluation and variance communication

Monthly Close

• Calculate excess and obsolescence reserves
• Prepare and post journal entries (PPV, variances, accruals, etc.)
• Consolidate production volumes and absorption metrics
• Support procurement savings reporting and monthly reviews
• Perform ad hoc financial and operational analysis

Additional Responsibilities

• Support cycle counts and physical inventory processes
• Maintain and activate new parts data
• Generate weekly production and procurement reports
• Participate in BOM audits and validation
• Drive process standardization and best practices
• Support site inquiries and operational initiatives
• Participate in key projects (cost roll implementations, production transfers, etc.)

Qualifications

• Advanced Degree with 6+ years, or Bachelor’s Degree with 8+ years of relevant experience in manufacturing cost accounting or finance
• Degree in Accounting, Finance, or related field preferred
• MBA, CPA, or CMA strongly preferred
• Strong ERP experience (SAP, JD Edwards, Oracle)
• Advanced Excel and financial reporting tool proficiency
• Expertise in standard costing, variance analysis, and inventory management
• Experience with monthly close and journal entries
• Strong understanding of GAAP and SOX compliance
• Proven audit support experience
• Excellent analytical, problem-solving, and communication skills
• Ability to operate effectively in a matrixed, global environment
• Process improvement mindset with strong cross-functional collaboration skills
• Experience with BOM and production routing analysis