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Financial Analyst

1 month ago

Mississauga, Ontario, Canada Thermo Fisher Scientific Full time
Job Title: Financial Analyst

Thermo Fisher Scientific is seeking a highly motivated and detail-oriented Financial Analyst to join our team in Canada. As a Financial Analyst, you will play a key role in supporting the finance team by performing a combination of financial accounting and management reporting activities.

Key Responsibilities:
  • Participate in month-end close activities and act as a delegate for key tasks when needed.
  • Gather documentation for the annual audit and tax review requirements.
  • Review and reduce aged payables to improve Paid on Time metrics.
  • Create and update standard operating procedures to ensure consistency across sites.
  • Attend and review select inventory cycle counts.
  • Participate in fixed asset counts and assist with the maintenance and clean-up of the fixed asset ledger.
  • Monitor and review monthly HST transactions for accuracy and completeness and investigate/correct discrepancies as needed.
  • Monitor and review the completeness of labour hours reported for SRED eligible projects.
  • Assist the team with the management of inventory and annual standard cost rollover calculations.
  • Actively participate in tier meetings for either the manufacturing or packaging areas.
  • Deliver financial and operational performance analysis, including product portfolio, to drive profitability using the Practical Process Improvement (PPI) Business System.
  • Partner with business unit (BU) area managers to promote financial transparency and accountability.
  • Drive BU performance through established metrics (Absorption, Materials Usage Variance, Purchase Price Variance, Direct Labour efficiency).
  • Update weekly BI reports for overtime, labour efficiency and headcount.
  • Update weekly & daily revenue & performance trackers.
  • Work with BU area managers to understand routings and update when vital.
  • Complete actual vs. standard cost reporting by product to drive operational efficiencies.
  • Assist with updating monthly cost trackers and labour reports and preparing budget vs. actual variance analysis.
  • Maintain a safe working environment and report potential hazards.
Requirements:
  • High school diploma/General Educational Development (GED) Certificate is required.
  • Working towards Bachelor's degree in Accounting or Finance.
  • University Student in Year 3-4.
  • Equivalent combinations of education, training, and relevant work experience may be considered.
Preferred Qualifications:
  • Knowledge of Systems: SAP and Hyperion an asset.
  • Strong written and verbal communication skills.
  • Strong customer focus and drive for results with strong problem-solving abilities.
  • Capable of setting clear priorities, organizing work, and making quality decisions.
  • Demonstrated computer proficiency with Microsoft Office programs.
  • Proficiency with the English Language.