SPG Finance Manager, ICAPS - (M5)

Who We Are

Applied Materials is a global leader in materials engineering solutions used to produce virtually every new chip and advanced display in the world. We design, build and service cutting-edge equipment that helps our customers manufacture display and semiconductor chips – the brains of devices we use every day. As the foundation of the global electronics industry, Applied enables the exciting technologies that literally connect our world – like AI and IoT. If you want to push the boundaries of materials science and engineering to create next generation technology, join us to deliver material innovation that changes the world. 

What We Offer

Salary:

$158,500.00 - $218,000.00

Location:

Santa Clara,CA

You’ll benefit from a supportive work culture that encourages you to learn, develop, and grow your career as you take on challenges and drive innovative solutions for our customers. We empower our team to push the boundaries of what is possible—while learning every day in a supportive leading global company. Visit our Careers website to learn more. 

At Applied Materials, we care about the health and wellbeing of our employees. We’re committed to providing programs and support that encourage personal and professional growth and care for you at work, at home, or wherever you may go. Learn more about our benefits. 

About Applied Materials

Applied Materials is the global leader in materials engineering solutions used to produce virtually every new chip and advanced display in the world. Our innovations make possible™ the technology shaping the future. We are committed to building a robust Culture of Inclusion (COI) that drives innovation, builds organizational capabilities, and creates equal opportunities for all.

Role Summary

This role supports the ICAPS business unit, which spans across device markets from Mature Logic to specialty segments such as, Power, Analog, MEMS, and RF. The candidate will apply financial expertise to standardize business processes, solve complex problems, and guide investment decisions for profitable growth. As a key finance business partner, the candidate will manage the product portfolio across multiple KPUs and technologies tailored to ICAPS customers.

Key Responsibilities

Portfolio Management & Strategic Planning

• Lead the development and presentation of the ICAPS portfolio resource plan (headcount, spend, Capex) to BU and Segment ELT, ensuring alignment with program priorities and risk mitigation.
• Own long-term strategic planning for portfolio resources, balancing growth objectives with operational efficiency.
• Drive project funding prioritization, including scope definition, timeline management, valuation modeling, approval workflows, and execution oversight.
• Monitor product program milestones and proactively address execution gaps through corrective actions.

Financial Modeling & Decision Support

• Maintain and present quarterly updates of business case NPV models (Revenue, COS, Opex, Cashflow) to senior leadership.
• Provide scenario-based financial analysis to support decision-making (e.g., budget cutlines, ramp impacts, program sunset planning).
• Partner with portfolio owners to optimize resource allocation, track capital spend, and measure productivity.

Data & Systems Enablement

• Champion the adoption and effective use of financial tools (Anaplan, SAP BPC, Tableau, PRM) for R&D spend analysis and reporting.
• Collaborate with ACE near-shore finance teams to ensure accurate budget capture and planning.
• Ensure data integrity and support leadership in crafting the financial narrative for the business unit.

Virtual P&L Ownership

• Own and manage the virtual P&L for the ICAPS product portfolio, ensuring alignment between engineering investments and business outcomes.
• Track and report on revenue, cost of sales, gross margin, and operating expenses across programs and KPUs.
• Partner with product marketing and operations to forecast and optimize profitability throughout the product lifecycle—from development to ramp and end-of-life.
• Provide insights into margin drivers and cost structures to support pricing strategies and customer negotiations.
• Lead quarterly and annual reviews of virtual P&L performance with BU leadership, highlighting risks, opportunities, and recommended actions.

Qualifications & Preferred Experience

• 7–10 years of progressive corporate finance experience, ideally within semiconductor equipment or manufacturing.
• 2+ years of people management experienc