Job Description

Responsibilities:Accounting and Financial Reporting

• Review standard material, labor, subcon fees and overhead costs
• Prepare journal entries and reconcile inventories to balance sheet
• Analyze gross margin, other cost of sales, inventory trends and turnover ratios, and production yield data
• Prepare audit schedules and footnote disclosures
• Support business unit and manufacturing groups with cost, mfg and inventory analysis
• Assist in complying with Sarbanes-Oxley documentation and internal control requirements

Inventory Accounting and Control

• Work with Manufacturing to plan and conduct physical inventories
• Reconcile physical inventories to SAP systems for applicable locations
• Validate vendor reconciliations performed by our logistics group and follow-up as required
• Understand and monitor inventory movements and the impact on the P&L

Reporting and Analysis

• Validate GAAP and non-GAAP P&L results by performing detailed analysis of \xe2\x80\x98cost of sales\xe2\x80\x99
• Support Product/Customer margin analysis by reviewing, correcting and reconciling SAP transactions that drive detailed corporate and business unit P&L reporting. Reconciliation involves detailed analysis of business activity by P&L account, profit center and company code
• Support the analysis of variances incurred during production and purchasing activities by reviewing production order variances and PPV

Business Process

• Ensure timely completion of month-end process for settlement of production orders and/or the review of production orders prior to settlement
• Support the maintenance material cost updates, activity and overhead rate updates
• Support the process of updating standard costs for new parts and the annual cost roll

Minimum Qualifications:

• B.S. degree in Accounting, Information Systems, Finance, or related field
• 6+ years professional cost accounting experience in manufacturing enviroment (experience in semiconductor industry or similar electronics manufacturing environment preferred)
• Strong understanding of the manufacturing process from raw to finished goods and cost of sales
• Experience in large ERP systems (SAP environment preferred)
• Understanding of Sarbanes-Oxley (SOX)

Semtech