Finance Manager

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.

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.

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.

• 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.

• 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.

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.