Work Schedule

Standard (Mon-Fri)

Environmental Conditions

Office

Job Description

About Thermo Fisher Scientific

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.

Role

Rebate Management Specialist

Location/Division Specific Information

Based in the vibrant city of Bangalore, Karnataka, India, our team is part of Thermo Fisher Scientific's global network.

Discover Impactful Work

Ensure rebate/VSP programs are configured correctly, claims are processed accurately and on time, and accruals reconcile with actuals — minimizing margin leakage while enabling sales wins.

A day in the Life

• Request Intake & Requirements: Manage intake of rebate requests; gather commercial rationale, scope, and supporting data to ensure completeness and accuracy.
• Agreement Drafting & Approvals: Draft Vendor Support Agreements using approved templates. Coordinate cross-functional approvals with Sales, Pricing, Finance, and Legal.
• System Configuration: Set up and maintain program parameters (rates, tiers, eligibility, caps, floors, stacking) in the rebate management tool.
• Accrual Enablement: Partner with Finance to define accrual logic and timing. Monitor accrual postings, investigate variances, and ensure financial accuracy.
• Claim Processing: Load monthly claim files and run automated validations. Investigate exceptions and prepare settlement statements, credit memos, or AP requests.
• Reconciliation & Reporting: Perform month-end reconciliations and variance analysis. Deliver dashboards and insights on key performance metrics, including denials and leakage drivers.
• Controls & Compliance: Maintain complete audit trails and ensure compliance with rebate floor policies. Support internal and external audits as needed.
• Continuous Improvement: Standardize templates and enhance automation opportunities. Maintain SOPs and support training for new processes or tools.

Keys to Success

Collaboration, detail orientation, and a proactive approach are crucial. You will be part of a dynamic team, continuously striving for excellence in rebate management.

Education

Bachelor’s degree in Finance, Accounting, Business, Data Analytics, or related field.

Experience

4+ years in pricing, rebates, channel finance.

Knowledge, Skills, Abilities

• Strong Excel (pivot, vlookup/xlookup, sumifs, Power Query); SQL a plus.
• Experience with ERP (E1, SAP, Oracle CPQ, Salesforce) and a rebate platform is highly valued.
• Working understanding of price waterfalls, accrual accounting, and controls (SOX).
• Detail orientation, analytical rigor, collaborator management, clear communication.

Physical Requirements / Work Environment

This role is primarily office-based, with a dynamic and collaborative work environment.

Benefits

We offer competitive remuneration, annual incentive plan bonus, healthcare, and a range of employee benefits. Thermo Fisher Scientific offers employment with an innovative, forward-thinking organization, and outstanding career and development prospects. We offer an exciting company culture that stands for integrity, intensity, involvement, and innovation! Our Mission is to enable our customers to make the world healthier, cleaner and safer. Watch as our colleagues explain 5 reasons to work with us. As one team of 100,000+ colleagues, we share a common set of values - Integrity, Intensity, Innovation and Involvement - working together to accelerate research, solve complex scientific challenges, drive technological innovation and support patients in need. #StartYourStory at Thermo Fisher Scientific, where diverse experiences, backgrounds and perspectives are valued.

Apply today! http://jobs.thermofisher.com

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.