Financial/Credit Analyst

Thermo Fisher Scientific • Rockville, MD

1d • $75,000 - $110,000

About The Position

The Financial/Credit Analyst III supports month-end close, government contract accounting, indirect rate calculations, revenue and billing reconciliations, and compliance reporting. The role partners with finance, contracts, project, and operational teams to ensure contract costs and revenue are recorded accurately, calculations are supported, and submissions and audit materials are completed on schedule.

The position has a significant role in Cost-Plus-Fixed-Fee (CPFF) contract accounting, including revenue calculations, indirect rate development, final rate variance invoicing, annual Incurred Cost Submissions, and rate audits. Success involves producing accurate, well-supported analyses, keeping close and submission work on schedule, resolving reconciliation issues, and maintaining documentation for internal review and external audit.

Requirements

• 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, with the ability to manage multiple deadlines.
• Clear written and verbal communication skills and ability to prepare complete, reviewable workpapers.

Nice To Haves

• Experience supporting an ICS, 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.

Responsibilities

• Support month-end close, 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 (ICS), 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.

Benefits

• 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 of paid time off (PTO) and 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.
• Competitive 401(k) U.S. retirement savings plan.
• Employees’ Stock Purchase Plan (ESPP), with eligible colleagues able to purchase company stock at a discount.
• Potential eligibility for a variable annual bonus based on company, team, and/or individual performance results in accordance with company policy.

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level