Director of Inventory Operations & Costing
Apply NowCompany: SiTime Corporation
Location: Santa Clara, CA 95051
Description:
About SiTime
SiTime Corporation is the precision timing company. Our semiconductor MEMS programmable solutions offer a rich feature set that enables customers to differentiate their products with higher performance, smaller size, lower power and better reliability. With more than 3 billion devices shipped, SiTime is changing the timing industry. For more information, visit www.sitime.com.
Job Summary
We are looking for a highly skilled and experienced Director of Inventory Operations & Costing with specialized expertise in semi-conductor industry. The candidate will oversee the financial management of company's inventory, gross margin and cost reduction strategy. This role ensures efficient inventory financing, cost control, and optimization of working capital while aligning with the organization's financial goals. It is not necessary to meet all job requirements to be a qualified candidate for the position.
Key Responsibilities:
Qualifications & Requirements (Education must be included):
Desired Characteristics & Attributes:
Compensation: USD 159,300 - 227,810
Base pay is one part of SiTime's Total Rewards Package that is provided to compensate and recognize employees for their work. This role may be eligible for additional discretionary bonuses/incentives, and equity-based compensation.
SiTime is an Equal Opportunity Employer. We treat each person fairly and we do not tolerate discrimination or harassment against anyone on the basis of any protected characteristics, including race, color, religion, national or ethnic origin, sex, sexual orientation, gender identity or expression, age, disability, pregnancy, political affiliation, protected veteran status, protected genetic information, or marital status or other characteristics protected by law. SiTime participates in the E-Verify program.
SiTime Corporation is the precision timing company. Our semiconductor MEMS programmable solutions offer a rich feature set that enables customers to differentiate their products with higher performance, smaller size, lower power and better reliability. With more than 3 billion devices shipped, SiTime is changing the timing industry. For more information, visit www.sitime.com.
Job Summary
We are looking for a highly skilled and experienced Director of Inventory Operations & Costing with specialized expertise in semi-conductor industry. The candidate will oversee the financial management of company's inventory, gross margin and cost reduction strategy. This role ensures efficient inventory financing, cost control, and optimization of working capital while aligning with the organization's financial goals. It is not necessary to meet all job requirements to be a qualified candidate for the position.
Key Responsibilities:
- Financial Planning & Analysis
- Drive gross margin improvement initiatives across organization involving manufacturing operations, sales and engineering.
- Track and analyze gross margin performance, identifying trends and areas requiring attention.
- Analyze inventory product costs and manufacturing overhead, partnering with manufacturing operations global.
- Manage inventory turnover and implement valuation methods to optimize financial performance.
- Prepare financial reports and forecasts related to inventory and gross margins.
- Assess risks and opportunities related to inventory levels and supply chain financing.
- Cost Management & Control:
- Implement cost-control measures to reduce excess inventory and optimize working capital.
- Ensure accurate inventory accounting in compliance with GAAP.
- Operational & Cross-Functional Collaboration:
- Work closely with supply chain and operations teams to align financial strategies with inventory needs.
- Improve processes for inventory tracking, reporting, and financial reconciliation.
- Support ERP system integration for efficient inventory and financial reporting.
Qualifications & Requirements (Education must be included):
- Bachelor's or Master's degree in Finance, Accounting, or a related field.
- CPA, CFA, or MBA is preferred.
- 12+ years of progressive experience in finance, inventory management or supply chain finance.
- Strong knowledge of inventory financing, accounting principles, and financial modeling.
- Proficiency in ERP systems, financial software, and data analytics tools.
Desired Characteristics & Attributes:
- Excellent leadership, communication, and problem-solving skills.
- Strong analytical skills with the ability to drive financial performance in complex environments.
- The team is targeting a leader who can be hands-on, energetic, willing to roll up their sleeves to dig in and find ways to optimize the close, processes and partner/communicate with cross functional leaders.
Compensation: USD 159,300 - 227,810
Base pay is one part of SiTime's Total Rewards Package that is provided to compensate and recognize employees for their work. This role may be eligible for additional discretionary bonuses/incentives, and equity-based compensation.
SiTime is an Equal Opportunity Employer. We treat each person fairly and we do not tolerate discrimination or harassment against anyone on the basis of any protected characteristics, including race, color, religion, national or ethnic origin, sex, sexual orientation, gender identity or expression, age, disability, pregnancy, political affiliation, protected veteran status, protected genetic information, or marital status or other characteristics protected by law. SiTime participates in the E-Verify program.