Operations Finance Analyst Job in Bangalore at Thermo Fisher Scientific

Thermo Fisher Scientific is hiring for the role of Operations Finance Analyst!

Responsibilities of the Candidate:

• Risk Mitigation: Ensure monthly client reporting, including SUA studies, and timely follow-up on overdue A/R. Discuss with manager any red flags with sponsors (cashflow, study cancellations, client turnover, collections, mod delays) and use the risk review escalation process.
• Accountability: Have full command of the studies you manage, understanding finances and key study drivers.
• High-Quality Financial Analysis: Provide financial analysis to support decision-making and operational excellence.
• Client Relationships: Deliver "best in class" support to earn repeat business by ensuring timely and accurate reporting, forecasting, and invoicing. Act with urgency and respond to customers within 24 hours.
• Optimize Cash Flow: Ensure cash neutrality with timely contract modifications and invoicing. Favourable SUA, SOW, and Contract Modification (Change Order) payment schedules, adhering to MSA advances, and ensuring adequate advances throughout the study.
• Manage Out of Scope (OOS): Keep past OOS below 2% of the executed contract value and review future OOS during Monthly finance reviews and proactively seek PL’s input on accuracy and/or coverage. Track OOS using the tool and templates provided
• Forecast Accuracy: Improve forecast accuracy for direct and indirect costs.
• Finance Reviews: Host monthly finance reviews using designated tools.
• Month-End Compliance: Adhere to month-end compliance, deadlines, and deliverables.
• Effective Tool Use: Utilize the tool effectively to keep healthy study financials.
• Reduce Revenue Adjustments: Minimize revenue adjustments and understand month-end drivers.
• Minimal Manual Adjustments: Limit post month end manual adjustments.
• Enhance pickup calculations for better forecast accuracy and ad