Careers at ThermoFisher Scientific

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Job ID :
Location :
US - North Carolina - Asheville
Job Description
Job Title: Sr. Inventory Analyst
Reports To: Sr. Manager, Operations Finance
Group/Division: LSG / LPD
Position Location: Asheville, North Carolina

Position Summary:

This position plays a key partnership role with Operations leadership and offers the right candidate a career development opportunity by contributing to the on-going growth and success of a flagship $500M+ laboratory equipment manufacturing, distribution, and service business located in Asheville, NC.

The successful candidate will have the ability to drive business decisions through effective analysis and communication with management while providing cost analysis and analytical support.

Key Duties and Responsibilities:
  • Analyze, identify, and forecast excess & obsolete (E&O) inventory. Work with Operations, Distribution, and Service team to ensure excess inventory correctly dispositioned and transacted off the system
  • Support Senior Manager, Operations Finance in annual standard cost roll and subsequent update of Sales Data Warehouse
  • Participate in daily shop floor Gemba walks to link operations issues to inventory reporting
  • Month end close activities relating to inventory, including at risk, end of life and E&O charges and estimates
  • Analyze scrap expense in order to identify root causes and drive process improvement
  • Facilitate inventory dispositions across businesses
  • Prepare monthly Balance Sheet reconciliations of inventory balances and related reserves, and book related Journal Entries. Explain variances to plan and significant movements in balances
  • Work with Materials Manager, Planning & Purchasing functions to improve overall Inventory Management and prepare monthly KBM’s to track and report progress
  • Support cycle-counting program in accordance with group accounting policy
  • Actively participate in and support annual Physical Inventory counts
  • Prepare financial reporting by Business Unit and Product Line for month end close and ad-hoc requests
  • Facilitating End Of Life financial process with Cross Functional Team
  • Complete requests for internal, external and other audit and compliance requirements
  • Manage BaaN ERP system integrations between Logistics & Finance for month end, year end, and special projects
  • Other duties as assigned

Minimum Requirements/Qualifications:
  • Clear understanding of operating and cost drivers, with the ability to translate and interpret these within financial results
  • Excellent communication skills: ability to present analytical results in verbal and written form
  • Strong problem solving, data analysis and teamwork skills are essential
  • Ability to work cross-functionally with individuals and teams
  • Experience with Cognos or similar reporting packages highly desirable

Non-Negotiable Hiring Criteria:
  • Bachelor's Degree in Finance, Accounting or Business related
  • 3-5 years of progressive inventory experience in a manufacturing environment
  • Advanced Excel skills. Specific abilities include Pivot tables, V-Look-Ups, What-If statements, and data filters to draw solid business conclusions and spot emerging trends
  • Ability to perform effectively under pressure and to handle multiple assignments simultaneously
  • Ability to develop high levels of credibility and forge solid and positive professional relationships with peers and senior management
  • Comfortable in a fast-paced and team oriented environment
  • Self-motivated with high bias for action

This position has not been approved for relocation assistance.


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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