About IEM
Industrial Electric Mfg. (IEM) is the largest independent full-line manufacturer of custom power distribution systems in North America. Founded more than 75 years ago in Fremont, California, IEM grew alongside Silicon Valley and today operates over 1.7 million square feet of manufacturing capacity. With $1B+ in annual sales and 10,000+ commissioned projects across technology, data centers, commercial, energy, utilities, healthcare, industrial, and infrastructure markets, IEM continues to deliver exceptional product quality, dependable service, and the flexibility to meet complex technical requirements at scale.
Position Summary
We are seeking a highly motivated and analytically rigorous Senior Manager, FP&A Operations with deep manufacturing finance experience to join our Financial Planning & Analysis team. This role will focus on financial modeling, tracking, and reporting of manufacturing spend β including Direct and Indirect Labor, Facilities, Fixed Overhead, Other COGS, and Manufacturing Variances β across our Value Streams. The ideal candidate will build and maintain robust views of Value Stream-level productivity and profitability, partnering closely with Operations to support informed, data-driven decisions. This position requires a blend of strong financial acumen, operational understanding and the ability to collaborate effectively across functions in a fast-paced manufacturing environment.
Key Responsibilities
β’ Value Stream Labor Cost Tracking: Develop and maintain detailed financial models for Direct and Indirect Labor costs across all manufacturing Value Streams. Track headcount, rates, efficiency, and utilization against Budget and Forecast. Identify and communicate variances with root-cause analysis, partnering with Value Stream leaders and Operations finance to drive accountability and corrective action.
β’ Facilities, Fixed Overhead & Other COGS: Manage financial tracking and reporting for Facilities spend, Fixed Overhead, and Other COGS components allocated to or incurred within manufacturing Value Streams. Maintain budget-to-actual comparisons, support monthly close activities, and coordinate with Accounting and Facilities teams to ensure accurate cost capture and allocation. Identify opportunities to improve cost visibility and allocation methodology.
β’ Manufacturing Variance Modeling: Build and maintain Manufacturing Variance models to track, analyze, and explain variances between standard and actual costs across labor, overhead, and materials. Develop a consistent variance reporting framework β including price, efficiency, volume, and mix variances β and work cross-functionally with Operations, Engineering, and Accounting to drive understanding and resolution of significant variance drivers.
β’ Productivity & Profitability Reporting: Design and maintain Value Stream-level views of productivity (e.g., output per labor dollar, earned hours vs. actual hours, labor efficiency ratios) and profitability (e.g., contribution margin, overhead absorption, cost per unit). Develop standardized dashboards and reporting packages for Operations and Finance that translate manufacturing performance into clear financial outcomes.
β’ Budget & Forecast Management: Support the annual budgeting and quarterly/monthly forecasting processes for manufacturing labor, facilities, fixed overhead, and other COGS. Partner with Value Stream Managers, HR, Facilities, and Operations to build bottoms-up cost plans aligned with production schedules and capacity assumptions. Maintain forecast accuracy and support continuous improvement in planning processes.
β’ Cost Structure & Margin Analysis: Analyze manufacturing cost structures at the Value Stream level, including direct and indirect labor, facilities, fixed overhead, and other COGS components. Incorporate manufacturing variance analysis into ongoing cost reviews to identify efficiency trends, cost-saving opportunities, and areas for operational improvement. Support make vs. buy and capital investment analyses as needed.
β’ Cross-functional Partnership: Serve as the primary FP&A liaison to Value Stream leaders and Operations management. Translate complex financial data into actionable operational insights. Participate in Value Stream performance reviews and operational cadences, ensuring financial context is integrated into decision-making.
β’ Collaboration & Process Improvement: Collaborate with analyst-level team members within FP&A Operations to drive best practices in financial modeling, data integrity, and reporting. Champion process improvement initiatives, leveraging ERP and BI tools to reduce manual effort and improve reporting timeliness and accuracy.
β’ Long-Range Planning Support: Support the development and maintenance of the long-range plan with a specific focus on labor cost trajectories and Value Stream profitability scenarios. Provide scenario analysis around workforce changes, volume fluctuations, and productivity improvement initiatives.
Qualifications
β’ Bachelor's degree in Finance, Accounting, Economics, Business, or a related field. MBA or relevant certification (CFA, CPA) strongly preferred.
β’ 8+ years of progressive experience in financial analysis, FP&A, or manufacturing finance.
β’ Demonstrated experience tracking and analyzing manufacturing costs including Direct and Indirect Labor, Facilities, Fixed Overhead, and Manufacturing Variances.
β’ Prior exposure to Value Stream Management, Lean manufacturing principles, or Value Stream costing methodologies strongly preferred.
β’ Advanced proficiency in financial modeling and Excel; experience with BI tools such as Power BI or Tableau.
β’ Experience with ERP systems (e.g., Infor, Oracle, SAP) and familiarity with manufacturing planning tools; proficiency in Tableau for data visualization and reporting.
β’ Experience using AI tools (e.g., Claude, ChatGPT) to streamline FP&A processes, improve analytical workflows, and accelerate reporting and modeling tasks.
β’ Deep understanding of manufacturing cost structures including direct/indirect labor, facilities, fixed overhead, Other COGS, and standard costing concepts.
β’ Experience with manufacturing variance analysis, including price, efficiency, volume, and mix variances.
β’ Strong analytical skills with the ability to synthesize large datasets into clear, actionable insights for Finance and Operations stakeholders.
β’ Excellent communication and presentation skills; able to engage credibly with both finance and operations audiences.
β’ Experience building or improving financial reporting and planning tools, with a focus on automation and scalability.
β’ Strategic-thinker who can connect operational detail to enterprise financial outcomes.
β’ Highly collaborative, with the ability to build trusted partnerships across Operations, HR, Accounting, and Supply Chain.
β’ Self-motivated and comfortable operating with ambiguity; able to define structure where it does not yet exist.
β’ Detail-oriented with strong organizational skills and the ability to manage multiple priorities in a fast-paced environment.
β’ Proactive and solutions-oriented; demonstrates intellectual curiosity and a bias toward continuous improvement.
Workplace Conditions
β’ This role will require up to 50% travel and longer than average working hours (averaging 40-60 hours a week with frequent travel between our Vancouver, British Columbia (Canada), Jacksonville, Florida & Fremont, California.
Location
β’ The position is fully remote, but will require up to 50% travel to IEM facilities, supplier sites, compliance audits or conferences.
β’ This position is currently not available to California residents.
Why Join IEM
At IEM, youβll join a team that powers some of the worldβs most ambitious projects. Weβre engineers, makers, and problem-solvers who thrive on tackling complex challenges and delivering solutions that keep industries moving forward. If youβre driven, collaborative, and ready to make an impact, weβd love to hear from you. Your creativity and passion can help us achieve great thingsβcome be part of the journey.
Learn more about IEM at [Upgrade to PRO to see link]
We offer comprehensive and competitive benefits package designed to support our employees' well-being, growth, and long-term success. View a snapshot of our benefits at [Upgrade to PRO to see link]
Recruiting Scams
Beware of recruiting scams. IEM never charges candidates fees, and all recruiter emails come from an @iemfg.com address. If you suspect fraudulent activity, do not share personal information and report it to us at iemfg.com/contact
Non-Discrimination Statement
IEM does not discriminate against any applicant based on any characteristic protected by law.
Privacy
Information collected and processed as part of your IEM Careers profile, and any job applications you choose to submit is subject to IEM's Workforce Member Privacy Policy.