Finance Manager

Lam Research • Fremont, CA

1d • $114,000 - $253,000 • Hybrid

About The Position

You will be part of a high-preforming Cost Accounting and Operations Finance team that partners closely with Manufacturing, Supply Chain, Planning and Engineering. Our group plays a critical role in ensuring cost accuracy, operational transparency, and financial integrity across the production environment. We value clear communication, strong problem-solving skills, collaboration, and a continuous improvement mindset, and we work as trusted business partners to support both day-to-day operations and long-term strategic initiatives. At Lam, as a Financial Analyst, you will help drive deeper insights into production performance, cost trends, and operational efficiency by owning key elements of production order accounting, variance analysis, and material cost integrity. We are looking for someone who understands how costs move through an ERP system, can identify inefficiencies or inaccuracies quickly, and enjoys partnering with operations to fix root causes. Your work will enhance transparency, improve cost predictability, and support leadership in driving productivity and cost improvements.

Requirements

• Bachelor’s degree in Finance, Accounting, or business-related field with 12+ years of experience; or Master’s degree or equivalent certification (MBA, CPA, CFA, CA, CMA, or equivalent) with 8+ years’ experience; or equivalent experience.

Nice To Haves

• Bachelor’s degree in Accounting, Finance, or related field
• 12+ years of experience in manufacturing or cost accounting, ideally in a high-volume or complex production environment.
• Strong knowledge of standard costing, production order accounting, BOM/routing structures, and inventory valuation.
• Advanced Excel skills; experience with ERP systems such as SAP (CO/PP/MM) strongly preferred.
• Ability to interpret operational data, communicate insights clearly, and influence decision-making.
• Strong problem-solving skills with a continuous improvement mindset.
• Ability to manage multiple priorities in fast-paced environments with accuracy and attention to detail.

Responsibilities

• Monitor, analyze, and reconcile production orders, including WIP evaluation, settlement, and closure.
• Perform detailed variance analysis (PPV, usage, routing/BOM variances, scrap, labor efficiencies, and overhead absorption).
• Partner with Operations and Production Management to investigate root causes and drive corrective action.
• Review labor routing standards and support updates based on time studies or efficiency trends.
• Analyze labor and machine-hour absorption; identify accuracy issues, bottlenecks, or under-absorption trends.
• Validate overhead allocations and ensure alignment with production volumes and cost-center budgets.
• Prepare monthly absorption reporting with commentary for leadership and FP&A.
• Review billed materials (BOMs) for accuracy, completeness, and alignment with engineering standards.
• Support cost roll processes, including BOM audits, routing verification, and standard cost updates.
• Analyze material usage trends and scrap levels; collaborate with Engineering and Supply Chain to resolve inconsistencies.
• Execute monthly cost accounting close, including journal entries, reconciliations, inventory valuation, and variance reporting.
• Support internal and external audit requests, ensuring full documentation and GAAP compliance.
• Prepare management reporting on cost performance trends and operational drivers.
• Partner with Supply Chain, Operations, Manufacturing Engineering, and FP&A on initiatives impacting cost accuracy and efficiency.
• Improve ERP reporting, cost flows, and accounting processes to enhance transparency and control.
• Lead or support special projects such as cost modeling, new product introduction costing, or system enhancements.

Benefits

• At Lam, our people make amazing things possible. That’s why we invest in you throughout the phases of your life with a comprehensive set of outstanding benefits.

What This Job Offers

• Job Type: Full-time
• Career Level: Manager
• Number of Employees: 5,001-10,000 employees