Finance Manager at Lam Research

Fremont, California, United States -

Full Time

Start Date

Immediate

Expiry Date

25 Mar, 26

Salary

253000.0

Posted On

25 Dec, 25

Experience

10 year(s) or above

Remote Job

Yes

Telecommute

Yes

Sponsor Visa

Skills

Cost Accounting, Variance Analysis, ERP Systems, Production Order Accounting, Material Costing, BOM/Routing Structures, Inventory Valuation, Advanced Excel Skills, Problem-Solving, Collaboration, Financial Integrity, Operational Efficiency, Continuous Improvement, Labor Absorption, Overhead Allocation, Data Interpretation

Industry

Semiconductor Manufacturing

Description

The group you’ll be a part of 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. The impact you’ll make 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. What you’ll do Key Responsibilities Production Order & Variance Management 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. Labor Absorption & Overhead 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. Material Costing & BOM/Routing Reviews 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. Monthly Close & Reporting 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. Cross-Functional Support & Process Improvements 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. Who we’re looking for 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. Preferred qualifications 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. Our commitment We believe it is important for every person to feel valued, included, and empowered to achieve their full potential. By bringing unique individuals and viewpoints together, we achieve extraordinary results. Lam Research ("Lam" or the "Company") is an equal opportunity employer. Lam is committed to and reaffirms support of equal opportunity in employment and non-discrimination in employment policies, practices and procedures on the basis of race, religious creed, color, national origin, ancestry, physical disability, mental disability, medical condition, genetic information, marital status, sex (including pregnancy, childbirth and related medical conditions), gender, gender identity, gender expression, age, sexual orientation, or military and veteran status or any other category protected by applicable federal, state, or local laws. It is the Company's intention to comply with all applicable laws and regulations. Company policy prohibits unlawful discrimination against applicants or employees. Lam offers a variety of work location models based on the needs of each role. Our hybrid roles combine the benefits of on-site collaboration with colleagues and the flexibility to work remotely and fall into two categories – On-site Flex and Virtual Flex. ‘On-site Flex’ you’ll work 3+ days per week on-site at a Lam or customer/supplier location, with the opportunity to work remotely for the balance of the week. ‘Virtual Flex’ you’ll work 1-2 days per week on-site at a Lam or customer/supplier location, and remotely the rest of the time. Salary CA San Francisco Bay Area Salary Range for this position: $114,000.00 - $253,000.00. The above salary range for this position is relevant to applicants that reside or work onsite in the California, San Francisco Bay Area only. Salary offers will depend on factors that include the location you work from, your level, education, training, specific skills, years of experience and comparison to other employees already in this role. Actual salary may vary from salary offered due to numerous factors including but not limited to unpaid time off, unpaid leave, company mandated shutdown, and other relevant factors. Our Perks and 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.

Responsibilities

The Finance Manager will monitor and analyze production orders, perform variance analysis, and partner with operations to drive corrective actions. Additionally, they will execute monthly cost accounting close and support cross-functional initiatives to improve cost accuracy and efficiency.