Cost Accounting Manager

At Altera™, our independence as the world’s largest pureplay FPGA solutions provider gives us the focus, speed, and agility to innovate without compromise. With more than four decades of industry leading FPGA expertise, our singular mission is to deliver the programmable technologies that help customers differentiate, innovate, and scale across rapidly evolving markets like AI, cloud, networking, and edge. As an independent company, we move faster, invest deeper, and partner more closely, empowering our teams to drive breakthrough innovation and shape the future of the FPGA industry. 
 

The Cost Accountant Manager plays a key role in ensuring accurate product costing, inventory accounting, margin analysis, and operational financial support. This position partners closely with Operations, Supply Chain, FP&A, and Finance leadership to analyze production costs, maintain cost models, monitor variances, and drive meaningful insights that influence strategic decisions. 

Key Responsibilities 

Product Costing & Inventory Accounting 

• Maintain and update standard costs in coordination with Operations, Supply Chain, and Finance leadership. 

• Perform inventory valuation, reconcile inventory accounts, and analyze monthly fluctuations. 

• Review and reconcile Work in Process (WIP), raw materials, finished goods, and scrap transactions. 

• Ensure the accuracy of bills of materials (BOM), routing, and overhead rates. 

• Support cycle counts and physical inventory audits across multiple locations and/or manufacturing partners. 

Manufacturing & Variance Analysis 

• Analyze manufacturing variances (PPV, labor, overhead, absorption, yield, etc.) and provide insights on drivers and trends. 

• Partner with Operations to evaluate production efficiency, capacity utilization, and cost saving opportunities. 

• Prepare and communicate variance reports to leadership with meaningful commentary and recommendations. 

• Monitor and analyze actual vs. standard cost performance. 

Financial Reporting & Close 

• Support month end close activities related to COGS, inventory, accruals, and journal entries. 

• Prepare reconciliations for inventory related accounts ensuring accuracy and compliance. 

• Assist with internal and external audits by providing documentation and analytical support. 

Cross Functional Collaboration 

• Work with FP&A to support forecasting and budgeting of cost of goods sold and manufacturing expenses. 

• Partner with Engineering to capture cost impacts for new product introductions (NPI). 

• Collaborate with Supply Chain on material cost changes, supplier pricing, and inventory optimization strategies. 

Process Improvement & Systems 

• Participate in ERP enhancements, cost model optimization, and accounting system automation. 

• Identify opportunities to streamline cost accounting workflows and improve reporting accuracy. 

• Support data integrity initiatives related to inventory transactions and cost structures.