Financial/Credit Analyst
Thermo Fisher
Summary
The Financial/Credit Analyst III supports month-end close, government contract accounting, indirect rate calculations, revenue and billing reconciliations, and compliance reporting. The role works with finance, contracts, project, and operational teams to ensure contract costs and revenue are recorded accurately, calculations are well supported, and required submissions and audit materials are completed on schedule.
Job description
This 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.
Month-end close and contract accounting
- 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
Rate calculations and invoicing
- 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
Compliance, submissions, and audits
- 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
Process and collaboration
- 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
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, analytical skills, and ability to manage multiple deadlines
- Clear written and verbal communication skills and ability to prepare complete, reviewable workpapers
- Experience supporting an ICS, provisional or final rate submissions, or government rate audits
- Familiarity with applicable government contract accounting requirements, including FAR and CAS
- Experience with organization's ERP or project accounting system
Benefits
- Medical, Dental & Vision
- Health Incentive Programs
- Employee Assistance Program
- Family Support Programs
- Commuter Benefits
- Tuition Reimbursement
- Paid Time Off
- Paid Holidays
- Paid Parental Leave
- Accident Insurance
- Life Insurance
- Short-Term Disability
- Long-Term Disability
- 401(k) Matching
- Employee Stock Purchase Plan
- Variable Annual Bonus
Company overview
Thermo Fisher Scientific is a global leader in serving science, with annual revenue of approximately $40 billion. The company provides a comprehensive portfolio of analytical instruments, equipment, reagents and consumables, software, and services for research, analysis, discovery, and diagnostics. Their mission is to enable customers to make the world healthier, cleaner, and safer by accelerating life sciences research, solving complex analytical challenges, improving patient diagnostics and therapies, and increasing laboratory productivity. Thermo Fisher serves pharmaceutical and biotech companies, hospitals and clinical diagnostic labs, universities, research institutions, and government agencies worldwide. The company operates through four business segments: Life Sciences Solutions, Analytical Instruments, Specialty Diagnostics, and Laboratory Products and Services.