About the Role
Job Details: Job Description: 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. The pay range below is for Bay Area California only. Actual salary may vary based on a number of factors including job location, job-related knowledge, skills, experiences, trainings, etc. We also offer incentive opportunities that reward employees based on individual and company performance. $132.1K - $170.0K USD We use artificial intelligence to screen, assess, or select applicants for the position. Applicants must be eligible for any required U.S. export authorizations. Qualifications: Required Bachelor's Degree in Accounting, Finance, or related field. 10+ years of cost accounting or manufacturing accounting experience. Strong understanding of standard costing, inventory valuation, and cost of goods sold concepts. Experience with ERP systems (e.g., SAP, Oracle, NetSuite, Workday, or similar). Strong analytical skills with advanced proficiency in Excel (pivot tables, lookups, modeling). Ability to work cross functionally and communicate complex information clearly. High attention to detail and strong organizational skills. Ability to work in a fast-paced, dynamic environment and meet tight deadlines. Preferred CPA, CMA, or progress toward certification. Experience in manufacturing, hardware, semiconductors, or technology environments. Knowledge of Lean manufacturing concepts and operational KPIs. Experience supporting multisite or global operations. Job Type: Regular Shift: Shift 1 (United States of America) Primary Location: San Jose, California, United States Additional Locations: Posting Statement: All qualified applicants will receive consideration for employment without regard to race, color, religion, religious creed, sex, national origin, ancestry, age, physical or mental disability, medical condition, genetic information, military and veteran status, marital status, pregnancy, gender, gender expression, gender identity, sexual orientation, or any other characteristic protected by local law, regulation, or ordinance. About Altera Altera: Accelerating Innovators Altera provides leadership programmable solutions that are easy-to-use and deploy in applications from cloud to edge, offering limitless AI possibilities. Our end-to-end broad portfolio of products including FPGAs, CPLDs, Intellectual Property, development tools, System on Modules, SmartNICs and IPUs provide the flexibility to accelerate innovation. Altera is helping to shape the future through pioneering innovation that unlocks extraordinary possibilities for everyone on the planet. Don't see the dream job you are looking for? Click "Get Started" below to drop off your contact information and resume and we will reach out to you if we find the perfect fit.