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Sr. Cost Accountant - CDR

ThermoFisher Scientific • Middletown, VA • 18h ago

Work Schedule

Standard Office Hours (40/wk)

Environmental Conditions

Office

Job Description

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

Compensation and Benefits

The salary range estimated for this position based in Virginia is $93,800.00-$140,675.00.

This position may also be eligible to receive a variable annual bonus based on company, team, and/or individual performance results in accordance with company policy. We offer a comprehensive Total Rewards package that our U.S. colleagues and their families can count on, which includes:

A choice of national medical and dental plans, and a national vision plan, including health incentive programs

Employee assistance and family support programs, including commuter benefits and tuition reimbursement

At least 120 hours paid time off (PTO), 10 paid holidays annually, paid parental leave (3 weeks for bonding and 8 weeks for caregiver leave), accident and life insurance, and short- and long-term disability in accordance with company policy

Retirement and savings programs, such as our competitive 401(k) U.S. retirement savings plan

Employees' Stock Purchase Plan (ESPP) offers eligible colleagues the opportunity to purchase company stock at a discount

For more information on our benefits, please visit: https://jobs.thermofisher.com/global/en/total-rewards

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.

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