Finance Manager

What if the work you did every day could impact the lives of people you know? Or all of humanity?At Illumina, we are expanding access to genomic technology to realize health equity for billions of people around the world. Our efforts enable life-changing discoveries that are transforming human health through the early detection and diagnosis of diseases and new treatment options for patients.Working at Illumina means being part of something bigger than yourself. Every person, in every role, has the opportunity to make a difference. Surrounded by extraordinary people, inspiring leaders, and world changing projects, you will do more and become more than you ever thought possible.Position Summary:The Finance Manager is a vital role providing support to Operations and Finance leaders. This position requires an ability to be adaptable to fast changing business/operational conditions, while providing timely and accurate analytics and reporting to Finance and Operations management. Strong cross-functional collaboration, ability to influence across the organization as well as possession of outstanding analytical skills are required. The candidate needs to have an in-depth knowledge of Operations Finance, Cost Accounting concepts, inventory, absorption, variances, gross margin, applicable China and US GAAP accounting standards and manufacturing acumen.Key ResponsibilitiesProduct CostingLead and supervise all costing function in support of the China Manufacturing OperationsUnderstand business drivers and to provide Management with timely variance and analysis reports of product cost and manufacturing KPIs.Perform deep analyses of production orders and BOM change request for anomalies, investigate into issues and propose solutions and highlight risks or issuesLead and support annual Global Cost Roll in close collaboration with Singapore and San Diego Costing teams.Develop labor/overhead rates and manage the standard cost setting process to ensure accurate inventory valuationTake charge of monthly forecast and manage the annual budget exercise relating to cost of production and variances.Resolve product costing issues with Work Centers, develop and recommends operational & internal control improvementsFinance lead for cycle counts and inventory valuation matters.Financial Planning & AnalysisServe as a financial business partner for the China Manufacturing site, building key relationships and supporting the achievement of site priorities and key objectivesEnable prudent decision-making by collaborating with site leaders across several departments to evaluate the financial implications of site-specific strategic choices and build thorough business casesWork with business and Management to monitor ongoing Operations costs and help identify opportunities for improving margins.Collaborate with systems teams and other site finance leads to enable visibility into site performance KPIs and share best practicesReview and present to Management monthly financial close and business performance.Lead the development and management of annual operating plans for manufacturing spend, OpEx, CapEx and headcount and monitor adherence to approved budget.Financial Accounting & ReportingPartner with Accounting Manager in setting up the infrastructure including SAP system, licenses and etc to enable local manufacturingProvide necessary support in local statutory compliance and prepare statutory financial statementsAnalyze financial data to ensure accuracy and for compliance with policy and proceduresMaximize long-term shareholder value while protecting corporate assetsListed responsibilities are an essential, but not exhaustive list, of the usual duties associated with the position. Changes to individual responsibilities may occur due to business needs.Requirements:Bachelor’s degree and a minimum of 10 years of related experience, with 1-3 years of Management experience.Exceptional interpersonal and collaborative skills and ability to establish strong rapport and partnerships at all levels of the organizationSelf-directed and able to work well and communicate effectively in a team environment. Hands on and able to work with minimal supervisionClear leadership and development potentialHighly motivated with positive attitude and strong work ethicsSuperb verbal and written communication and project management skillsExceptional commitment to accuracy and quality while meeting goals or deadlinesInvolved in day-to-day activities where their acquired expertise and knowledge provide focus to ManagementHands-on experience with SAP (or equivalent ERP) and COGNOS TM1 (or equivalent financial planning & analysis tool)Cost accounting experience : Analytical background as it pertains to identifying and explaining manufacturing variances (absorption, spend, etc.), inventory, and other gross margin-related and financial drivers to finance and businessStrong understanding of corporate financing principles; NPV, budgeting processes, forecasting, financial modelling, etc.Good understanding of US GAAP and China GAAP and their applicationProven ability to evaluate and solve complex problems and the strategic implications of different business approachesAll listed requirements are deemed as essential functions to this position; however, business conditions may require reasonable accommodations for additional task and responsibilities.Education:BS or BA in Business Administration, Finance, Accounting or related fieldIllumina believes that everyone has the ability to make an impact, and we are proud to be an equal opportunity employer committed to providing employment opportunity regardless of sex, race, creed, color, gender, religion, marital status, domestic partner status, age, national origin or ancestry, physical or mental disability, medical condition, sexual orientation, pregnancy, military or veteran status, citizenship status, and genetic information.