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Semtech

Cost Accountant

Posted 9 Days Ago
Be an Early Applicant
Hybrid
3 Locations
100K-120K Annually
Mid level
Hybrid
3 Locations
100K-120K Annually
Mid level
Supports accounting operations, reconciliations, month-end close, financial reporting, audits, and compliance. Performs semiconductor manufacturing cost analysis, including standard costing, yield and process cost modeling, variance analysis, product margins, target costing, and cost-driver assessment. Collaborates with operations, engineering, and supply chain teams on manufacturing profitability, capacity planning, technology investment, process improvement, documentation, and adoption of cost accounting tools.
The summary above was generated by AI

Location: Irvine, CA 

 

Work Arrangement: Hybrid, 4 days on site (Monday to Thursday)  

Job Summary:    

The Cost Accountant provides accounting and cost accounting support within our semiconductor company, covering financial reporting, accounting operations, and cost analysis. This includes gathering historical cost data, investigating cost structures, and analyzing product and service pricing and budget-versus-actual results. The role applies analytical methods to semiconductor manufacturing economics, such as cost models for production processes, yield management, and technology nodes, to support manufacturing profitability and cost competitiveness. The position requires strong accounting and cost accounting knowledge, analytical skills, and the ability to work effectively across accounting and cost accounting teams to ensure accurate financial recording, reporting, and cost management. 

 

Responsibilities:  

Accounting Operations

  • Supporting processes and procedures 

  • Assist with transaction processing and reconciliation 

  • Contribute to month-end closing activities 

  • Help prepare financial statements and reports 

  • Support identification and resolution of accounting discrepancies and exceptions 

  • Maintain reconciliation and supporting accounting documentation 

Financial Reporting and Cost Analysis

  • Support financial reporting processes and data collection and verification 

  • Help prepare required financial disclosures and management reporting packages 

  • Support compliance with accounting standards and cost accounting policies 

  • Contribute to cost frameworks and cost models that support business decision-making 

  • Assist with product and portfolio cost analysis, including margin analysis and target-costing support 

Manufacturing Cost Analysis

  • Support cost analysis of semiconductor manufacturing operations and technologies 

  • Assist with development of cost models for production processes, yield management, and technology nodes 

  • Help identify manufacturing cost drivers and cost trends 

  • Run analysis that supports manufacturing optimization, capacity planning, and technology investment decisions 

  • Assist with maintaining and contributing to the Bi-annual standard cost updates 

  • Assist insight into MFG variances, PPV, and E&O 

  • Support initiatives aimed at improving manufacturing profitability and cost competitiveness 

Audit Support

  • Assist with internal and external audit activities 

  • Support preparation of audit schedules and documentation 

  • Help respond to audit inquiries and requests 

  • Contribute to implementation of audit recommendations 

  • Document audit support activities 

Cross-functional Support and Knowledge Transfer

  • Support accounting interfaces with other departments, including operations, engineering, and supply chain 

  • Assist with financial communications and information sharing across functions 

  • Contribute to cross-functional financial initiatives and process improvement efforts 

  • Document processes and procedures for knowledge transfer 

  • Share accounting expertise and support training on specific procedures 

  • Support adoption of new cost accounting tools, technologies, and digital solutions 

Compliance Requirements 

  • Adheres to all Company security and confidentiality requirements 

  • Comply with financial data protection policies 

  • Follows all accounting standards and financial regulations 

  • Maintains appropriate documentation of accounting activities 

  • Completes all required training and certifications 

 

 

Minimum Qualifications: 

  • Solid knowledge of accounting principles and practices 

  • Strong analytical skills and attention to detail 

  • Experience with accounting software and systems 

  • High level of accuracy in financial calculations 

  • Good problem-solving abilities 

  • Effective written and verbal communication skills 

  • Ability to work effectively in team environments 

  • Advanced Excel and Accounting Software skills 

  • Flexibility to adapt to changing accounting requirements 

  • Commitment to financial accuracy and integrity 

  • Understanding of semiconductor manufacturing processes, technologies, and cost drivers 

  • Strong communication skills with ability to engage effectively across functions 

  • Experience with advanced costing methodologies including activity-based costing and target costing 

  • Knowledge of ERP systems (SAP Preferred), cost modules, and analytical platforms 

Education and Experience 

  • Bachelor's degree in accounting, finance, or related field required 

  • 2+ years of experience in accounting, financial reporting, or related role 

  • Knowledge of accounting principles and standards 

  • Experience with accounting systems and financial applications 

  • Background in technology or manufacturing industry preferred 

  • 2-5 years of progressive experience in cost accounting, manufacturing finance, or related roles 

  • Advanced knowledge of semiconductor manufacturing economics and cost structures 

 

The intent of this job description is to describe the major duties and responsibilities performed by incumbents of this job. Incumbents may be required to perform job-related tasks other than those specifically included in this description. 

 

All duties and responsibilities are essential job functions and requirements and are subject to possible modification to reasonably accommodate individuals with disabilities. 

 

A reasonable estimate of the pay range for this position is $100,000 - $120,000.  There are several factors taken into consideration in determining base salary, including but not limited to: job-related qualifications, skills, education and experience, as well as job location and the value of other elements of an employee’s total compensation package. 

#LI-Hybrid

HQ

Semtech Camarillo, California, USA Office

200 Flynn Road, Camarillo, CA, United States, 93012

Semtech Irvine, California, USA Office

5141 California Ave # 150, Irvine, California, 92617-3069, United States, Irvine, United States, 92617-3069

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