The FAB Controller is responsible for financial control, reporting, forecasting, and cost analysis for semiconductor fabrication operations. This role partners with factory leadership, operations, engineering, supply chain, and finance teams to provide accurate financial reporting, strong cost governance, inventory control, and actionable business insights. The FAB Controller plays a key role in managing manufacturing performance, supporting capital investments, and ensuring compliance with accounting policies and internal controls.
ResponsibilitiesFinancial reporting and close
- Lead monthly, quarterly, and annual close activities for FAB operations.
- Prepare and review journal entries, accruals, reconciliations, and financial reporting related to manufacturing operations.
- Ensure timely and accurate reporting of factory financial results, including manufacturing variances and operational spend.
- Support management reviews with clear financial commentary on actuals versus forecast, budget, and prior periods.
Cost accounting and manufacturing variance analysis
- Own and analyze manufacturing cost performance, including labor, overhead, materials, purchase price variance, scrap, yield, and absorption.
- Monitor standard cost versus actual cost and explain key drivers of variances.
- Support standard cost updates and maintain accuracy of cost assumptions for factory-produced materials and finished goods.
- Partner with operations to identify and track cost reduction opportunities and corrective actions.
Inventory control and valuation
- Oversee inventory accounting for raw materials, work-in-process, finished goods, reserves, and excess and obsolete inventory.
- Ensure inventory balances are accurate, properly reconciled, and compliant with accounting requirements.
- Support cycle count, physical inventory, and inventory reserve processes.
- Monitor manufacturing-related balance sheet accounts and drive timely issue resolution.
Forecasting, budgeting, and planning
- Lead FAB budgeting, quarterly forecasting, and long-range planning processes.
- Develop cost forecasts for factory spend, variances, headcount, and capital investments.
- Model financial impact of production volume, utilization, ramp plans, yield changes, and operational scenarios.
- Support business planning for new capacity, technology ramps, and strategic manufacturing initiatives.
Capital expenditure and asset management
- Track manufacturing capex against plan and support capital forecasting and reporting.
- Partner with operations and engineering to evaluate the financial impact of new tools, equipment, and facility investments.
- Monitor depreciation-related impacts and support capitalization decisions in line with policy.
- Provide financial support for major fab expansion or strategic investment programs.
Business partnering with operations
- Act as the key finance partner to FAB leadership, manufacturing, engineering, supply chain, and procurement teams.
- Translate operational issues into financial implications and support data-driven decision-making.
- Challenge assumptions, highlight risks and opportunities, and support accountability for factory financial performance.
- Participate in regular operational and financial review meetings.
Controls, compliance, and audit support
- Maintain a strong internal control environment for manufacturing finance processes.
- Ensure compliance with accounting policies, internal controls, and audit requirements.
- Support internal and external audit requests related to inventory, cost accounting, capex, and manufacturing transactions.
- Help drive remediation and process improvements where control gaps or inefficiencies are identified.
Process improvement and systems support
- Improve reporting, forecasting, and analytics for factory finance.
- Support ERP, costing, and reporting system enhancements affecting manufacturing finance.
- Drive simplification, standardization, and automation of recurring finance processes.
- Strengthen data quality and transparency across manufacturing and finance reporting.
Required
- Bachelor’s degree in Finance, Accounting, Economics, or related field.
- Significant experience in finance, controlling, or cost accounting within a manufacturing environment.
- Strong understanding of standard costing, inventory accounting, manufacturing variances, and financial planning.
- Experience supporting monthly close, forecasts, budgeting, and management reporting.
- Strong analytical skills with the ability to interpret large data sets and translate them into actionable business insights.
- Ability to work cross-functionally with operations, engineering, supply chain, and senior leadership.
- Strong communication and presentation skills.
- Proficiency in ERP systems and Excel-based financial modeling.
Preferred
- Experience in semiconductor, high-tech, or advanced manufacturing environments.
- Knowledge of FAB-specific metrics such as yield, scrap, cycle time, utilization, and cost absorption.
- Experience with capex-intensive manufacturing operations.
- Familiarity with internal controls, audit support, and compliance processes.
- CPA, CMA, or MBA is a plus.
Nokia is a global leader in connectivity for the AI era. With expertise across fixed, mobile and transport networks, powered by the innovation of Nokia Bell Labs, we’re advancing connectivity to secure a brighter world.
Our recruitment process
We act inclusively and respect the uniqueness of people. Our employment decisions are made regardless of race, color, national or ethnic origin, religion, gender, sexual orientation, gender identity or expression, age, marital status, disability, protected veteran status or other characteristics protected by law. We are committed to a culture of inclusion built upon our core value of respect.
If you’re interested in this role but don’t meet every listed requirement, we still encourage you to apply. Unique backgrounds, perspectives, and experiences enrich our teams, and you may be just the right candidate for this or another opportunity.
The length of the recruitment process may vary depending on the specific role's requirements. We strive to ensure a smooth and inclusive experience for all candidates. Discover more about the recruitment process at Nokia.
- Corporate Retirement Savings Plan
- Health and dental benefits
- Short-term disability, and long-term disability
- Life insurance, and AD&D – Company paid 2x base pay
- Optional or Supplemental life and AD&D insurance (Employee/Spouse/Child)
- Paid time off for holidays and Vacation
- Employee Stock Purchase Plan
- Tuition Assistance Plan
- Adoption assistance
- Employee Assistance Program/Work Life Resource Program
Skills Required
- Bachelor's degree in Finance, Accounting, Economics, or a related field
- Significant experience in finance, controlling, or cost accounting within a manufacturing environment
- Strong understanding of standard costing, inventory accounting, manufacturing variances, and financial planning
- Experience supporting monthly close, forecasts, budgeting, and management reporting
- Strong analytical skills and ability to interpret large data sets into actionable insights
- Ability to work cross-functionally with operations, engineering, supply chain, and senior leadership
- Strong communication and presentation skills
- Proficiency in ERP systems and Excel-based financial modeling
- Experience in semiconductor, high-tech, or advanced manufacturing environments
- Knowledge of FAB metrics including yield, scrap, cycle time, utilization, and cost absorption
- Experience with capital expenditure-intensive manufacturing operations
- Familiarity with internal controls, audit support, and compliance processes
- CPA, CMA, or MBA
Nokia Compensation & Benefits Highlights
The following summarizes recurring compensation and benefits themes identified from responses generated by popular LLMs to common candidate questions about Nokia and has not been reviewed or approved by Nokia.
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Equity Value & Accessibility — Equity programs include a global employee share purchase plan with company matching and multi‑year share awards. These mechanisms broaden participation and tie rewards to long‑term outcomes.
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Healthcare Strength — Health coverage includes major medical plans with supplementary options such as vision, legal services, and care navigation. The range of offerings indicates comprehensive support for medical needs.
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Parental & Family Support — A global policy grants paid leave for new parents regardless of gender and provides structured return‑to‑work support. Company‑paid life insurance further strengthens family protection across regions.
Nokia Insights
What We Do
At Nokia, we create technology that helps the world act together. As a trusted partner for critical networks, we are committed to innovation and technology leadership across mobile, fixed and cloud networks. We create value with intellectual property and long-term research, led by the award-winning Nokia Bell Labs. Adhering to the highest standards of integrity and security, we help build the capabilities needed for a more productive, sustainable and inclusive world.
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