Senior Product Costing Analyst

Job not on LinkedIn

🔥 19 minutes ago

🤠 Texas – Remote

🤠 Texas – Remote

⏰ Full Time

🟠 Senior

🧐 Analyst

🦅 H1B Visa Sponsor

This company has sponsored H1B visas in the past.

👻 Ghost score 23%

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Formfactor

WebsiteLinkedInAll Job Openings

11 - 50 employees

💼 Consulting

📚 Education

🎯 Recruiter

Consulting • Education • Recruitment

Formfactor is a product design school based in Russia that offers training programs for aspiring and experienced designers, including job-placement (employment guarantee) and skills-development tracks. The organization runs career consultations, skills assessments, tailored learning programs, and has a large community of designers. Their services are aimed at individuals seeking to start or advance a career in product design.

📋 Description

• Develop, maintain, and continuously improve product cost models and standard costing methodologies • Lead standard cost development, updates, reviews, and variance analysis • Analyze material, labor, overhead, and manufacturing process costs to improve cost accuracy and profitability • Evaluate product-level profitability, margin performance, cost drivers, and business risks • Support pricing, product portfolio, and profitability decisions through financial analysis • Partner with Product Management, Engineering, and Operations on new product opportunities • Develop business cases, cost estimates, ROI analyses, and investment justifications • Support stage-gate and phase-gate reviews throughout product development • Assess cost, capacity, yield, and operational impacts of new product introductions • Collaborate with Engineering and Manufacturing teams to understand production processes, routings, yields, cycle times, labor requirements, and capacity constraints • Analyze utilization, throughput, labor efficiency, cycle time, scrap, and yield performance • Support routing reviews, router maintenance, process changes, and cost-impact assessments • Translate operational performance into financial impacts and actionable recommendations • Drive cross-functional cost reduction and profitability improvement initiatives • Identify, quantify, prioritize, and track operational cost-saving opportunities • Evaluate capital investments, automation projects, process improvements, and manufacturing optimization initiatives • Provide financial leadership and analytical support for strategic decisions and operational improvement programs • Present financial and operational insights to management and executive stakeholders • Act as a trusted advisor to engineering, operations, supply chain, and finance leaders • Lead complex analyses and high-visibility projects • Promote financial discipline, operational accountability, and continuous improvement

🎯 Requirements

• Minimum of 12 years of related experience with a Bachelor’s degree; or 8 years and a Master’s degree; or a PhD with 5 years experience; or equivalent experience • Product costing experience in the semiconductor industry strongly preferred • Semiconductor test, probe card manufacturing, wafer fabrication, advanced packaging, MEMS, or related semiconductor manufacturing experience highly desirable • Experience with stage-gate product development processes • Experience supporting manufacturing routing development and maintenance • ERP, business intelligence, Power BI, SQL, Oracle, or related analytics experience • Project management experience • Financial analysis experience for candidates from Manufacturing Engineering, Industrial Engineering, Operations, Supply Chain, or other technical disciplines • Skills in business cases, communication, cross-functional collaboration, data-driven decision making, financial modeling, manufacturing finance, manufacturing processes, marketing ROI analysis, new product introduction (NPI), product costing, and supply chain

🏖️ Benefits

• Medical insurance • Dental insurance • Vision insurance • Employee Assistance Program (EAP) • Short-term disability • Long-term disability • Life insurance • Flexible spending and savings accounts • 401(k) • Employee Stock Purchase Plan (ESPP) • Paid time off