Sr. Product Costing Analyst

About the job

Forming Our Future together
FormFactor, Inc. (NASDAQ: FORM), is a leading provider of essential test and measurement technologies along the full semiconductor product life cycle — from characterization, modeling, reliability, and design de-bug, to qualification and production test. Semiconductor companies rely upon FormFactor’s products and services to accelerate profitability by optimizing device performance and advancing yield knowledge. The company serves customers through its network of facilities in Asia, Europe, and North America.

Rooted in our core values — Focus on the Customer, Ownership & Accountability, Respectfully & Effectively Communicate, and Motivate & Develop People — we foster an environment where diverse perspectives are not only welcomed but celebrated. Everyone can make an impact here. Whether it's improving products, supporting customers, or positively influencing peers and the community, the contributions of our people matter.

Shift:
The regular hours for this position are day shift.

Job Description:
Do you enjoy working at the intersection of operations, engineering, and finance? Are you passionate about understanding how products are built, how manufacturing processes perform, and how operational decisions drive profitability?

We are seeking a Sr. Product Costing Analyst to partner with Engineering, Operations, Product Management, Supply Chain, and Finance to support new product introductions, product costing, manufacturing performance, and profitability improvement initiatives.

This role extends beyond traditional finance responsibilities. The ideal candidate will combine strong financial and analytical acumen with a deep understanding of manufacturing operations to evaluate product economics, identify cost improvement opportunities, challenge assumptions, and influence strategic decision-making across the organization.

Candidates with semiconductor manufacturing experience are strongly preferred, especially those who have partnered closely with engineering and operations teams to improve yields, productivity, product costs, and overall business performance.

Key Responsibilities:

• Product Costing & Financial Analysis
• Develop, maintain, and continuously improve product cost models and standard costing methodologies.

• Lead standard cost development, updates, reviews, and variance analysis activities.

• Analyze material, labor, overhead, and manufacturing process costs to identify opportunities for improved cost accuracy and profitability.

• Evaluate product-level profitability and provide insights on margin performance, cost drivers, and business risks.

• Support pricing, product portfolio, and profitability decisions through comprehensive financial analysis.

• New Product Introduction (NPI) Support
• Partner with Product Management, Engineering, and Operations to evaluate new product opportunities.

• Develop business cases, cost estimates, ROI analyses, and investment justifications for new products and manufacturing initiatives.

• Support stage-gate and phase-gate reviews throughout the product development lifecycle.

• Assess cost, capacity, yield, and operational impacts associated with new product introductions.

• Manufacturing Operations Partnership
• Collaborate with Engineering and Manufacturing teams to understand production processes, routings, yields, cycle times, labor requirements, and capacity constraints.

• Analyze manufacturing performance metrics including 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.

• Cost Improvement & Strategic Initiatives
• Drive cross-functional cost reduction and profitability improvement initiatives across manufacturing operations.

• 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 business decisions and operational improvement programs.

• Business Partnership & Leadership
• Present financial and operational insights to management and executive stakeholders.

• Influence decision-making by leveraging data-driven analysis and business acumen.

• Act as a trusted advisor to engineering, operations, supply chain, and finance leaders.

• Lead complex analyses and projects with significant visibility and impact across the organization.

• Promote financial discipline, operational accountability, and continuous improvement throughout the business.

• Preferred Qualifications & Experiences:
• 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.

• Candidates from Manufacturing Engineering, Industrial Engineering, Operations, Supply Chain, or other technical disciplines with demonstrated financial analysis experience are encouraged to apply.

Skills:
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, Supply Chain .
Education & Experience:
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 | Required .
FormFactor Benefits:
Benefits offered for this role include medical, dental, vision, EAP, short-term and long-term disability, life insurance, flexible spending and savings accounts, 401(k), ESPP and paid time off.

Equal Employment Opportunity Statement
FormFactor is an equal opportunity employer. FormFactor complies with all national, state, and local laws that seek to promote equal opportunities for any applicant or employee without regard to age, race, color, gender, gender identity/expression, national origin, sexual orientation, religion, disability, marital status, pregnancy or related condition, military service, or any other legally protected characteristics. These protections apply to all aspects of employment, including but not limited to, recruitment, hiring, training, promotions, and compensation.

For roles that are designated as remote-eligible, employees cannot be located in: AL, AK, AR, DE, GA, HI, IL, IA, LA, ME, MD, MS, MO, NE, NV, NJ, NM, ND, OK, PA, RI, SC, SD, TN, WV, WI, WY. This list is continuously evolving and being updated, please check back with us if the state you live in is on the exclusion list. A role is remote-eligible only when it is listed as "Remote" in the job location.