Sr. Cost Accountant – CDR

Thermo Fisher Scientific • Middletown, VA

17d • Hybrid

About The Position

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. This role requires 4 days onsite per week at one of Thermo Fisher Scientific’s primary East Coast manufacturing sites. 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. 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.

Requirements

• 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

Responsibilities

• 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
• 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
• 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.)

Benefits

• 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
• 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

What This Job Offers

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