Work Schedule

Environmental Conditions

Job Description

About Thermo Fisher Scientific:

Thermo Fisher Scientific Inc. is the world leader in serving science, with annual revenue exceeding $40 billion. Our Mission is to enable our customers to make the world healthier, cleaner and safer. Whether our customers are accelerating life sciences research, solving complex analytical challenges, improving patient diagnostics and therapies or increasing productivity in their laboratories, we are here to support them. Our global team of more than 100,000 colleagues delivers an unrivalled combination of innovative technologies, purchasing convenience and pharmaceutical services through our industry-leading brands, including Thermo Scientific, Applied Biosystems, Invitrogen, Fisher Scientific, Unity Lab Services and Patheon. For more information, please visit www.thermofisher.com.

Job title:     PTP Operational Excellence Analyst

Group / Division:     Global Business Services

Career Band:     4

Position Location:     Budapest, Hungary

Reports to:                  Manager, Accounts Payable

Position Summary:

The role is responsible for executing specified Accounts Payable projects in a timely manner and plays a key part in supporting ongoing system and process migrations. The position requires end-to-end knowledge of the overall P2P process. The ideal candidate will have a comprehensive understanding of the full P2P cycle and accounting principles and will be assigned to specific tasks or fixed-term projects that address particular needs or drive improvements within the P2P process.
The role can involve responsibilities across the entire P2P end-to-end process, including activities such as invoice troubleshooting, AP accounting support, vendor master data clean-up, and disbursement-related tasks, including payment forecasting, depending on business needs and project assignments.

In addition to project responsibilities, the individual is expected to build strong operational knowledge and be able to transition into or support daily operations when needed, providing functional assistance across both the Support Center and the Solution & Compliance Center teams.

Key Responsibilities:

• Ensure timely completion of assigned projects with a focus on improving and/or stabilizing the impacted Accounts Payable processes.
• Utilize E2E knowledge to effectively support the PTP Operations (both Support & Compliance and the Solution Centers Teams)
• Deliver ongoing support for assigned Accounts Payable process areas, ensuring consistent service delivery and operational excellence across the end-to-end P2P process.
• Leverage comprehensive operational expertise and a strong understanding of daily activities to provide expert-level, long-term support and ownership for the Operations teams. This deep operational knowledge is essential, as it enables the individual to effectively transition into and contribute within the operational environment when needed.
• Participate in system upgrades and enhancements related to P2P processes.
• Ensure compliance with corporate policies, audit requirements, SOX requirements, and VAT rules.
• Contribute to the department’s Operational Improvement agenda and PPI Journey
• Maintain a high level of accuracy and attention to detail in all tasks; support identification of process gaps or pain points and propose creative, practical solutions.
• Collaborate with various departments to ensure process improvements and harmonization with GBS EMEA processes.
• Contribute to the stabilization of new P2P processes after go-live, and support the transition to business-as-usual
• Other tasks as assigned

Education & Experience:

• Bachelor’s degree in Accounting, Finance, or Business Administration is preferred.
• Proven experience in Accounts Payable or a related finance role, with a focus on Procure To Pay (P2P) processes.
• Solid understanding of accounting principles, practices, and regulations.
• Proficiency in AP software and ERP systems.
• Fluent in English is required, both written and spoken – fluency in German and/or French is highly desirable.

Skills Required:

• Strong project management skills, with the ability to manage multiple projects simultaneously, ensure timely delivery, coordinate stakeholders, and monitor progress effectively.
• Advanced analytical skills, including the ability to interpret large data sets, identify trends and discrepancies, and apply insights to drive effective solutions.
• Effective collaboration skills, with the ability to work across procurement, finance, IT, and other stakeholders, building productive relationships
• High adaptability, with the ability to adjust quickly to shifting priorities and transition efficiently between tasks, teams or projects based on business needs.
• Continuous improvement mindset, proactively identifying opportunities to enhance processes, reduce inefficiencies, and implement best practices across the P2P cycle.

Thermo Fisher Scientific is an EEO/Affirmative Action Employer and does not discriminate on the basis of race, color, religion, sex, sexual orientation, gender identity, national origin, protected veteran status, disability or any other legally protected status.