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Thermo Fisher Scientific

Makes lab instruments, reagents and supplies

Financial/Credit Analyst

Financial AccountingPosted on Nov 10
Full-timeRockville, MD, USAHybrid

About the Job

Requirements

  • A bachelor's degree in Accounting, Finance, or a related field, or equivalent relevant experience.
  • At least 5 years of progressive accounting or financial analysis experience, including experience with government contracts or government contract cost accounting.
  • Experience with cost-type contracts, preferably CPFF contracts.
  • Experience preparing or supporting indirect rate calculations, revenue reconciliations, and billing or variance invoices.
  • Strong Excel skills and experience working with accounting systems and large financial datasets.
  • Strong attention to detail, organization, and analytical skills, and the ability to manage multiple deadlines.
  • Clear written and verbal communication skills and the ability to prepare complete, reviewable workpapers.

Responsibilities

  • Support month-end close activities, including revenue calculations and accruals, government contract labor and other cost allocations, fringe and G&A allocations, and monthly indirect rate calculations.
  • Prepare estimates of monthly receivables and liabilities for CPFF contracts.
  • Calculate CPFF revenue and prepare related journal entries.
  • Reconcile CPFF revenue to current billing amounts and investigate and resolve differences.
  • Calculate, reconcile, and support unbilled revenue balances and related entries.
  • Maintain accurate, complete, and well-documented accounting schedules and workpapers.
  • Support final indirect rate calculations and variance invoicing for CPFF projects.
  • Calculate final rate variances, prepare related variance invoices, and adjust or reconcile revenue to align with final invoiced amounts.
  • Assist with historical rate and variance work across multiple fiscal years.
  • Support annual provisional indirect rate calculations and related government submissions.
  • Review rate calculations for accuracy, consistency, and adequate supporting documentation.
  • Support preparation of the annual Incurred Cost Submission, including calculations, reconciliations, schedules, and supporting documentation.
  • Coordinate and track work required to meet government submission deadlines.
  • Support rate audits by preparing calculations, reconciliations, and audit-ready documentation.
  • Respond to audit questions and requests by researching records and coordinating with internal stakeholders.
  • Follow applicable contract terms, company policies, and government accounting and compliance requirements.
  • Work with finance, contracts, project, and operational teams to obtain and validate accounting inputs.
  • Identify discrepancies, assess their impact, and communicate issues and proposed resolutions to management.
  • Help improve accounting schedules, reconciliations, documentation, and close processes.
  • Perform other related duties as needed.

Desired Qualifications

  • Experience supporting an Incurred Cost Submission, provisional or final rate submissions, or government rate audits.
  • Familiarity with applicable government contract accounting requirements, including FAR and CAS, as relevant to the organization's contracts.
  • Experience with the organization's ERP or project accounting system.

About the Company

Thermo Fisher Scientific

Makes lab instruments, reagents and supplies

Thermo Fisher Scientific makes and sells the instruments, chemicals, consumables and lab services that drug companies, hospitals, universities and industrial labs use for research, testing and production. Its products cover work from gene sequencing and protein analysis to diagnostic tests and lab freezers, and its distribution arm ships supplies to labs worldwide. Drug developers also hire it to run clinical trials and to manufacture medicines under contract. It earns money from consumables that labs buy again and again, along with instrument sales, service contracts and outsourcing fees. The company traces its roots to Thermo Electron, founded in 1956, which merged with Fisher Scientific in 2006, and it is based in Waltham, Massachusetts.

Company size
10,001+
Company stage
IPO
Headquarters
Waltham, MA
Founded
1956

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