Principal Financial Planning Analyst (FP&A) Analyst – Salary & Benefits Planning

About Analog Devices

Analog Devices, Inc. (NASDAQ: ADI ) is a global semiconductor leader that bridges the physical and digital worlds to enable breakthroughs at the Intelligent Edge. ADI combines analog, digital, and software technologies into solutions that help drive advancements in digitized factories, mobility, and digital healthcare, combat climate change, and reliably connect humans and the world. With revenue of more than $9 billion in FY24 and approximately 24,000 people globally, ADI ensures today's innovators stay Ahead of What's Possible™. Learn more at www.analog.com and on LinkedIn and Twitter (X).

General Summary

This high-impact Principal Financial Planning Analyst role is responsible for owning end to end the forecasting and analysis of headcount and salary expenses across Analog Devices Inc. (ADI), with a strategic focus on process redesign for headcount and benefits planning. The analyst will serve as a finance business partner to executive leadership, driving insights and recommendations that shape workforce investment decisions and support enterprise-wide financial agility. This role blends deep financial acumen, advanced analytics, and project management skills to deliver scalable solutions and continuous process improvements.

Primary Responsibilities:

Headcount & Salary Forecasting

• Lead the forecasting, trend analysis, and narrative development for total ADI headcount, benefit, and salary expenses.
• Collaborate with HR, business units, and functional stakeholders to ensure alignment and transparency in workforce planning and execution.
• Apply advanced analytics to uncover short- and long-term trends in headcount, compensation, and benefits.
• Deliver timely, data-driven insights to senior leadership, highlighting risks, opportunities, and actionable recommendations.

Process Redesign Project

• Drive a project-based initiative to redesign the headcount and benefits planning process, focusing on automation, standardization, and scalability.
• Partner cross-functionally with HR, Corporate FP&A, Global Operations, and IT to map current processes, identify pain points, and implement best practices.
• Develop and maintain dynamic dashboards and reporting packages that track key workforce KPIs and support decision-making.
• Champion enhancements in forecasting, reporting, and planning processes to elevate the FP&A function and support enterprise-wide financial agility.

Financial Analysis & Reporting

• Lead targeted financial analyses on strategic initiatives, market dynamics, and operational challenges related to workforce investments.
• Provide decision support through deep dives into business issues and scenario modeling for headcount and benefits.

Continuous Improvement & Stakeholder Engagement

• Benchmark performance against industry standards to ensure optimal resource utilization.
• Effectively communicate and collaborate with executive leadership and cross-functional teams.
• Drive automation and efficiency improvements in headcount and benefits forecasting.

Minimum Education Required:

• Bachelor’s Degree – preferably in Finance, Accounting or Business Administration, MBA preferred

Minimum Experience Required:

• Minimum 10-15 years of professional experience in financial analysis or FP&A.
• Prior headcount and salary management experience
• Strong analytical skills with the ability to interpret complex financial and workforce data, independently develop insights, and provide actionable recommendations.
• Expert in financial modeling through Excel, Anaplan, and financial analysis tools; experience with SAP and business intelligence tools (Qlikview, Tableau, PowerBI) preferred.
• Excellent written and verbal communication skills, with the ability to present financial data and insights to senior management and non-financial stakeholders.
• High level of accuracy and attention to detail, especially when analyzing workforce trends and financial reports.
• Proven project management skills, with the ability to lead multiple projects simultaneously in a dynamic environment.
• Ability to challenge status quo and execute improvements in processes.
• Proficient with MS Excel, Word, and Power Point

Experience Preferred:

• 10-15 years professional related experience
• Knowledge of SAP preferred
• Knowledge of business intelligence tools (Qlikview, Tableau, PowerBI) preferred

For positions requiring access to technical data, Analog Devices, Inc. may have to obtain export  licensing approval from the U.S. Department of Commerce - Bureau of Industry and Security and/or the U.S. Department of State - Directorate of Defense Trade Controls.  As such, applicants for this position – except US Citizens, US Permanent Residents, and protected individuals as defined by 8 U.S.C. 1324b(a)(3) – may have to go through an export licensing review process.

Analog Devices is an equal opportunity employer. We foster a culture where everyone has an opportunity to succeed regardless of their race, color, religion, age, ancestry, national origin, social or ethnic origin, sex, sexual orientation, gender, gender identity, gender expression, marital status, pregnancy, parental status, disability, medical condition, genetic information, military or veteran status, union membership, and political affiliation, or any other legally protected group.

EEO is the Law: Notice of Applicant Rights Under the Law.

• Actual wage offered may vary depending on work location, experience, education, training, external market data, internal pay equity, or other bona fide factors.

• This position qualifies for a discretionary performance-based bonus which is based on personal and company factors.

• This position includes medical, vision and dental coverage, 401k, paid vacation, holidays, and sick time, and other benefits.