Director, Cost Accounting

Job description

The Allegro team is united by a clear purpose—advancing technologies that make the world safer, more efficient, and more sustainable. With over 30 years of experience in semiconductor innovation, we bring that purpose to life across every part of the business—from breakthrough product development and customer success to how we show up for each other and the communities we serve. The Opportunity Lead a team responsible for inventory, product costing, fixed assets, patents and cost control systems. Responsible for adherence to the monthly and quarterly close process and timeline, oversee all entries to the general ledger and account reconciliation and analysis related to inventory, and cost variances in order to ensure the continued integrity and accuracy of these accounts on the Company’s financial results and balance sheet. Role includes gathering of historical cost data, investigating cost structures, pricing/costing of new products or services, preparing of budget versus actual expense reports and manages, interpreting cost audits and providing impartial financial analysis and guidance, decision support, and development of financial acumen for cost accounting scope in all countries where Allegro operates. Develops and implements procedures and policies for the cost accounting systems. Selects, develops, and evaluates personnel to ensure the efficient operation of cost accounting function. What You Will Do Lead the development and execution of strategic cost accounting initiatives, including systems transformation, process automation, and analytics capabilities. Partner with Finance leadership to align cost accounting with company strategy, profitability goals, and margin optimization. Oversee policy development for product costing, inventory valuation, standard costs, and overhead absorption methodologies. Understand and develop process for unique areas that impact cost accounting, e.g., Vendor Managed Inventory. Provide executive-level insights into cost structures, manufacturing efficiency, and supply chain performance. Drive change management, including evaluation and adoption of new technologies or ERP systems (Oracle upgrade). Ensure compliance with U.S. GAAP, internal controls, and SOX requirements. Align with Cost Accounting Manager to oversee cost accounting, inventory, fixed assets and related month-end close processes for all entities worldwide. Oversee Cost Accounting Manager to ensure accurate roll-up and update of Oracle standard cost and calculation of transfer price. Reviews and understand Probe/Assembly/Test variance to standards, PPV and trends. Reviews and understand job lot variance, assembly yield variance, cycle time and trends. Develops cost projections for COGS and COGS components. Understand cost analyses and accounting entries of the cost, inventory and fixed asset teams. Ensures that issues on raw material shortage in shop floor, expiration and usage rate are attended to. Participates in streamlining and managing an effective cost accounting system, cost and budget analysis and review. Supports adhoc projects, and other duties as assigned by the immediate head. Mentor and develop cost accounting leaders and build a strong pipeline of talent. What You Will Need Bachelor of Science in Accountancy Certified Public Accountant is an advantage At least 12 years of relevant work experience in Cost Accounting in a manufacturing set up At least 5 years managerial experience Deep knowledge of manufacturing cost accounting, inventory, and variance analysis Strong track record of driving strategic projects, system implementations, and process improvement Why Allegro? Join Allegro and become part of a team where your contributions truly matter. We foster a culture of Real Innovation , empowering you to push boundaries, develop cutting-edge solutions, and drive continuous improvement. Your work will create a Real Impact by solving complex real-world challenges that fuel our success and shape the future of technology. You’ll experience Real Connection , collaborating with talented colleagues around the globe in an environment built on trust, respect, and a shared purpose. Join us—and help build what’s next.