Finance Cost and Inventory Director

Finance Cost And Inventory Director

GlobalFoundries is a leading full-service semiconductor foundry providing a unique combination of design, development, and fabrication services to some of the world's most inspired technology companies. With a global manufacturing footprint spanning three continents, GlobalFoundries makes possible the technologies and systems that transform industries and give customers the power to shape their markets.

The Finance Cost And Inventory Director is a senior leadership role responsible for leading GlobalFoundries' cost and inventory planning functions across multiple fabs located in the US, Europe, and Asia. This leader drives standard cost design, monthly close execution, inventory valuation, and business controls, while championing system transformation initiatives that modernize and optimize financial processes and tools. The role fosters cross-functional alignment between Product Lines, Manufacturing Finance, Engineering, Procurement, and IT, ensuring cost integrity, accurate gross margin reporting, and the implementation of scalable, future-ready controls as systems and processes evolve.

Essential Responsibilities:

• Cost accounting systems and processes: Accountable for the development and implementation of robust cost accounting process & tools ensuring accuracy in product costing and margin analysis. Includes flux analysis for products in high volume production.
• Designing for Product Cost Effectiveness: Provides company-wide tools and processes that ensure transparency and accountability in the definition of next generation product designs and manufacturing flows
• Inventory management and controls: Manages inventory balances, valuation and reconciliation. Leads implementation of best practices to minimize discrepancies and financial risks to the company. Coordinates global optimization including minimizing reserves.
• Ensure financial reporting and compliance: Prepare and present financial reports, audits, and maintain compliance with company and regulatory standards.
• Champion system transformation and process improvement: Lead and advocate projects focused on process efficiencies, system upgrades, and digital initiatives, driving business transformation and modernizing financial operations.
• Develop and mentoring teams: Manages and develops direct line and matrix reports globally across finance and accounting professionals. Role model for innovation and operational excellence.
• Integration of mergers and acquisitions: Leads cost accounting and inventory activities during the integration of newly acquired entities, ensuring alignment of policies, systems, and controls.
• Perform all activities in a safe and responsible manner and support all Environmental, Health, Safety & Security requirements and programs.

Required Qualifications:

• Bachelor's degree in Accounting, Finance, or related field (Master's or CPA/CMA preferred).
• 10+ years in cost accounting for complex manufacturing (semiconductor) with global multi-site experience and direct leadership of senior managers/staff.
• Deep expertise in product costing standards, variance analysis (PPV, utilization, labor/overhead), and inventory valuation across MES and ERP systems.
• Proven success designing audit ready controls and leading SOX/external walkthroughs; authoring technical memos and control narratives.
• Demonstrated leadership in ERP transformation (Oracle EBS, SAP S/4HANA, Ariba) and resolving cross-system reporting/interface issues.
• Excellent executive communication and stakeholder management across Manufacturing, Finance, Engineering, Procurement, Supply Chain and Product Business Lines.

Key Competencies:

• Process Excellence: Expert in thinking and driving results through predictable, repeatable, and sustainable processes

• Systems thinking: Connects process, policy, and data across application platforms to ensure robust controls in support of financial reporting and to ensure audit readiness

• Influence: Delivers results via global stakeholders through demonstrated expertise and both formal and informal communication channels

• Decision quality: Balances speed and control while driving positive organizational outcomes

• Results orientation: Expert in making and meeting commitments and setting a pace that others follow

Expected Salary Range $146,000.00 - $267,000.00. The exact Salary will be determined based on qualifications, experience and location.