Careers at ThermoFisher Scientific

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US - California - Fremont
Job Description

Company Information

About Thermo Fisher Scientific
Thermo Fisher Scientific Inc. (NYSE: TMO) is the world leader in serving science. Our mission is to enable our customers to make the world healthier, cleaner and safer. With revenues of more than $10 billion, we have approximately 35,000 employees and serve customers within pharmaceutical and biotech companies, hospitals and clinical diagnostic labs, universities, research institutions and government agencies, as well as in environmental and process control industries. We create value for our key stakeholders through two premier brands, Thermo Scientific and Fisher Scientific, which offer a unique combination of continuous technology development and the most convenient purchasing options. Our products and services help accelerate the pace of scientific discovery, and solve analytical challenges ranging from complex research to routine testing to field applications. Visit www.thermofisher.com .

Job Description

Job Title:­ Controller
Reports To:­ Finance Director
Group/Division:­ SDG / CDD / Niche Diagnostics
Location:­ Fremont, California
No. of Direct Reports:­ 10-13
FLSA Status:­ Exempt
Position Summary:
The Controller is responsible for all Accounting Activities including Month, Quarter and Year End Close, leading Audit engagements, driving SOX and Controls Compliance, and Oversight of Standard Cost, AP, AR and GL Management. Continuous improvement of performance over time on a consistent, global basis is also required.­ Specific job responsibilities can be grouped into four main areas: (i) Closing Activities (ii) Accounting and Financial Procedures and Controls; (iii) Cost and transactional Management; (iv) Personnel Development.
­(i) Closing Activities:
  1. Direct and guide all entities within the Business through monthly, quarterly and yearly closing activities.
  2. Manage all month-end, quarter-end and year-end company wide Accounting deliverables in an accurate and timely fashion.
  3. Apply Generally Accepted Accounting Principles and corporate accounting policy and seek guidance from Director of Finance or Technical accounting team in complex situations.
  4. Manage Monthly balance sheet reconciliation process to ensure accuracy of results
­(ii) Accounting and Finance Procedures and Controls:
  1. Ensure integrity of accounting processes and controls at all times.
  2. Manage internal and external audit and work with senior management to develop remediation plans as necessary.­
  3. Seek waivers to policy from the Chief Accounting Officer when appropriate and ensure these are applied as written and reviewed/updated as needed.
  4. Provide guidance to international entities regarding accounting for transactions in accordance with US GAAP and seek consultation from the Chief Accounting Officer as needed.
(iii) Cost and Transactional Management
  1. Responsible for annual updating of Standard costs and additional maintenance throughout the year as necessary.­
  2. Manage Accounts Receivable team and ensure timely collections of receivables within contractual terms.
  3. Manage Accounts Payable team and ensure timely payment of invoices within contractual terms.
  4. Manage Staff Accountants to ensure accurate and timely completion of transactions and journal entries in support of monthly closing and reporting processes
  5. Focus on Working Capital optimization via:
    1. Strict customer credit policies, more extensive use of Letters of Credit, Documentary Collections, Cash-in-Advance, recovery of aged bad debt, improved working capital forecasting and tracking, etc.
    2. Identification and implementation of SIOP improvement initiatives, developing inventory entitlement model to highlight improvement areas for inventory reduction initiatives.
    3. Rigorous management of Capital deployment to ensure understanding of business need and ROI­
(iv) ­Personnel Development:
  1. Develop direct reports.­ Work together with them to advance their professional development via training, personal target setting and regular performance evaluations.
  2. Ensure proper communication with direct reports and all other employees in the division with regards to personal and Business Unit goals, as well as performance against those goals especially those related to the financial performance of the Business.
  3. Ensure active participation in the PMD and HRR processes to ensure staff are progressing in their current roles and that they are positioned for future growth/advancement.­ Ensure we have adequate succession planning as well.
Minimum Requirements/Qualifications:
  • Accounting software:­ HFM/Hyperion – Experience Preferred
  • Possess international experience and a global approach to business.­ Experience working in a multi-currency environment preferred.
  • Strong knowledge and experience applying the use of Generally Accepted Accounting Principles. Public Accounting Experience preferred.
  • A self starter with a proven track record of driving projects through to implementation.
  • Demonstrates strong leadership skills and an initiative/creativity to drive change with a hands-on approach and an intense focus on results.­
  • Clear understanding of the value of metrics and processes.
  • Excellent organizational and analytical skills with a strong attention to detail.
  • Excellent communication skills.­ An ability to summarize information and present it in a concise and effective manner to influence other members of the management team at the BU, group and corporate levels.
  • Excellent interpersonal skills.­­ Ability to successfully interact with other parties (customers, suppliers, service providers, senior management, peers, etc.) in an international setting w/cultural differences.­
  • A proven record of being able to multi-task and adapt to changing situations and varied demands.­ Ability to work in a fast paced, fluid environment on his/her own and handle numerous responsibilities.­­
  • Approximately 10% travel.
Non-Negotiable Hiring Criteria:
  • 7-10 years of work experience in Accounting/Finance for a multi-national organization. International experience preferred.
  • Bachelors’ degree in Accounting/Finance. ­CPA and Masters’ degree (MBA) preferred.


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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