Sr. Product Costing Analyst

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.

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.

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,