The posting
Work Schedule
First Shift (Days)
Environmental Conditions
Office
Job Description
As part of the Thermo Fisher Scientific team, you’ll discover meaningful work that makes a positive impact on a global scale. Join our colleagues in bringing our Mission to life every single day to enable our customers to make the world healthier, cleaner and safer. We provide our global teams with the resources needed to achieve individual career goals while helping to take science a step beyond by developing solutions for some of the world’s toughest challenges, like protecting the environment, making sure our food is safe or helping find cures for cancer.
DESCRIPTION:
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.
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.
What you will do:
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
Required qualifications:
- 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
Preferred qualifications:
- 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 organization's ERP or project accounting system
Success in this role: The successful candidate will produce accurate, well-supported analyses; keep close and submission work on schedule; identify and resolve reconciliation issues; and maintain documentation that supports internal review and external audit.
Compensation and Benefits
The salary range estimated for this position based in Maryland is $75,000.00–$110,000.00.
This position may also be eligible to receive a variable annual bonus based on company, team, and/or individual performance results in accordance with company policy. We offer a comprehensive Total Rewards package that our U.S. colleagues and their families can count on, which includes:
- 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, and 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
For more information on our benefits, please visit: https://jobs.thermofisher.com/global/en/total-rewards
