Financial Analyst II

Position:    Financial Analyst II, Band V 

Reports To:  Manager, Finance – Healthcare Corporate Accounts 

Location:   Pittsburgh

COMPANY INFORMATION 

Thermo Fisher Scientific Inc. (NYSE: TMO) is the world leader in serving science, with revenues of more than $26 billion and approximately 75,000 employees globally. Our mission is to enable our customers to make the world healthier, cleaner and safer. We help our customers accelerate life sciences research, solve sophisticated analytical challenges, improve patient diagnostics, deliver medicines to market and increase laboratory productivity. 

This posting is to support the $1.9B Corporate Accounts Healthcare team and be a critical member of the Commercial Finance organization for our Healthcare vertical. This role drives business decisions through effective analysis and communication with the Corporate Accounts GPO leadership, Specialty Diagnostics and the Healthcare Market teams.  It is critical that this role builds solid relationships and remain closely connected to all Divisional and Corporate Finance teams to improve GPO contract implementation, contract maintenance, analysis and ultimately results for the total company. 

Key Responsibilities: 

• Be a strong business partner to the Commercial GPO Directors and Managers / Divisional Commercial Account Owners/ BU Finance, Pricing and Legal support teams. 

• Responsible for practicing policies, procedures, and processes to harmonize all aspects of GPO admin fees, GPO membership management with appropriate flexibility to meet customer/market needs and dynamics 

• Coordinate and lead the management of all the Corporate Incentive rebates to provide appropriate accrual guidance to division finance teams. 

• Provide financial support, analysis and insights for the Enterprise Leads to include gathering required pricing approvals & non-financial information as well review terms and conditions in close coordination with legal, & field for timely submission. 

• Support the financial preparation of the Commercial monthly and quarterly business review (MBR’s and QBR’s) presentations by handling GPO account membership for precise reporting 

• Partner with Division / BU organization to establish growth revenue targets for GPO Contracts 

• Provide qualified analytics and insights to drive Commercial action/behavior; Increase Commercial awareness/ownership of top-line and bottom-line investments. 

• Help drive contracting and pricing excellence through ad hoc projects aimed at improving Divisional practices and Implementation of price changes resulting from contract maintenance activity to include scheduled price increases stipulated in the contract and compliance price adjustments for noncompliant accounts. 

• Work closely with the GPO Leads to ensure positive outcomes for all new and existing contract terms and conditions/ 

• Prepare ad-hoc financial analysis and analytical modeling via the use of multiple systems 

• Bring forth ideas and participate in or lead cross-functional and continuous operational improvement projects driving efficiency and productivity for the entire team 

Minimum Qualifications: 

• 3-5 years of meaningful experience in a sophisticated, multinational, multi-site environment 

• Bachelor’s degree in finance, accounting, or related field 

• Strong and persuasive communicator: crucial to have credibility within a complex, complicated environment and in the context of providing outstanding business partnering support 

• Desire to formulate and drive operational improvements, challenging the status quo 

• Demonstrated focus on being able to translate data and metrics into predictable, beneficial business insight. 

• Professional maturity and communication style to directly contact customers as needed 

• Strong results orientation, bias for action 

Non-Negotiable Hiring Criteria: 

• Must have an outstanding attention to detail and strong process rigor 

• Ability to multi-task, prioritize and meet deadlines while delivering consistent, accurate and reliable work 

• Proven ability to operate independently with broad guidance against a framework of defined business objectives in a matrix environment 

• Strong analytical skills and ability to apply those skills to influence and motivate change 

• Effective verbal and written communication skills 

• Advanced use of Microsoft Excel 

• Proficient use of MS Office software (Outlook, Word, PowerPoint)