Manager, Cost Accounting

FormFactor Inc.•Livermore, CA

2d•$109,300 - $143,430•Onsite

About The Position

The Manager, Cost Accounting leads the cost accounting function for semiconductor manufacturing operations. This role is responsible for overseeing cost accounting processes, ensuring accurate inventory valuation, supporting financial reporting, and driving cost visibility across manufacturing sites. The position provides leadership to a team and partners cross-functionally with Operations, Supply Chain, and Finance to improve cost performance and compliance.

Requirements

Minimum of 8 years of related experience with a Bachelor’s degree; or 6 years and a Master’s degree; or a PhD with 3 years experience; or equivalent experience
Budget Forecasting
Business Partnerships
Compliance SOX
Cost Accounting
Enterprise Resource Planning (ERP) Systems
Financial Analysis
Generally Accepted Accounting Principles (GAAP)
Inventory Accounting
Microsoft Excel
People Management
Performance Management (PM)
Standard Costs
Variance Analysis

Responsibilities

Lead all cost accounting activities, including standard costing, variance analysis, inventory valuation, and cost of goods sold (COGS) reporting.
Oversee monthly, quarterly, and annual close processes related to manufacturing costs.
Ensure accuracy of inventory accounting, including reserves, cycle counts, and physical inventory processes.
Analyze manufacturing variances (labor, overhead, scrap, yield) and provide actionable insights to business leaders.
Support product costing, new product introductions (NPI), and ongoing cost improvement initiatives.
Ensure compliance with US GAAP, internal controls (SOX), and corporate accounting policies.
Partner with Manufacturing, Engineering, and Supply Chain teams to improve cost performance and operational efficiency.
Provide financial analysis and recommendations to support capacity decisions, capital investments, and process improvements.
Drive standard cost updates and review cost assumptions with site leadership.
Support budgeting, forecasting, and long-range planning processes.
Identify and implement process improvements in cost accounting workflows and reporting.
Maintain and enhance ERP systems (e.g., SAP, Oracle, or equivalent) related to cost accounting.
Develop reporting tools and dashboards to improve transparency of manufacturing costs.
Standardize processes across sites where applicable.
Manage, develop, and lead a team of cost accountants (typically 3–8 employees).
Set clear goals and performance expectations aligned to organizational objectives.
Conduct performance reviews, provide ongoing coaching, and support career development.
Allocate resources and prioritize team workload to meet deadlines and business needs.
Ensure team adherence to company policies and procedures.
Build team capability in cost analysis, financial systems, and business partnership skills.
Maintain strong internal controls over inventory and cost accounting processes.
Ensure audit readiness and support internal and external audits.
Monitor compliance with accounting standards and company policies.
Recommend and implement improvements to policies and procedures.