Director, Assistant Treasurer (San Diego/Hybrid) at Illumina

San Diego, California, United States

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Not SpecifiedCompensation

Senior (5 to 8 years), Expert & Leadership (9+ years)Experience Level

Full TimeJob Type

UnknownVisa

Biotechnology, Genomics, HealthcareIndustries

Requirements

Reside in the San Diego area and be able to commute to corporate offices (relocation assistance may be available within 6 months or mutually agreed time)
Availability for full-time role, Monday through Friday, with 2-3 in-office days per week and additional on-site presence as needed
Strong technical expertise in treasury operations, including liquidity management, financial risk mitigation, cash forecasting, capital planning, and financing activities
Ability to operate in a matrixed, global organization and partner with Finance, Legal, Compliance, Tax, and operational leaders
Expertise in implementing treasury systems (e.g., Kyriba, SAP Treasury), controls, and process standardization
Knowledge of regulatory compliance, SOX, audit requirements, and financial governance frameworks
Skills in financial analysis, strategic support to senior leadership (Treasurer, CFO), and influencing across global functions
Experience managing banking relationships, credit facilities, debt issuance, financial covenants, and capital markets

Responsibilities

Oversee global treasury operations and strategy execution, including capital structure, liquidity management, and financial risk mitigation across geographies
Contribute to development and execution of global treasury strategy, ensuring efficient capital structure, liquidity, and funding
Provide analysis and recommendations to Treasurer and CFO on capital allocation, debt management, and investment strategies
Support development of multi-year capital and financing plans aligned with business growth and shareholder objectives
Manage global liquidity and cash flow forecasting to ensure adequate funding for operations and strategic initiatives
Optimize working capital and cash conversion cycles in partnership with FP&A and business finance
Maintain and enhance banking infrastructure, ensuring control, efficiency, and compliance
Identify and manage foreign exchange, interest rate, and counterparty credit risks; implement and monitor FX hedging strategies
Provide periodic reporting on exposures and hedging effectiveness to leadership and Audit Committee
Oversee daily global treasury operations, including cash positioning, investments, and intercompany funding
Lead treasury transformation projects, including system implementations and process standardization across regions
Ensure compliance with SOX, audit, and internal control standards
Serve as primary relationship manager with global banking partners, credit agencies, and financial institutions
Negotiate credit facilities, manage debt issuance, and oversee compliance with financial covenants and regulatory filings
Monitor market developments, assess capital markets opportunities, and prepare management for financing/refinancing activities
Oversee corporate insurance programs, including renewals, coverage optimization, and claims coordination

Skills

Key technologies and capabilities for this role

Treasury OperationsLiquidity ManagementCash ForecastingCapital PlanningFinancial Risk ManagementTreasury SystemsFinancial GovernanceRegulatory ComplianceAudit ComplianceCapital Structure

Questions & Answers

Common questions about this position

What is the work arrangement for this role?

This is a hybrid role based in San Diego with an expectation of 2-3 in-office days per week and additional on-site presence as needed. The individual must reside in the San Diego area and be able to commute to corporate offices, with relocation assistance possibly available within six months.

What salary or compensation does this position offer?

This information is not specified in the job description.

What are the key skills required for the Director, Assistant Treasurer role?

The role requires strong technical expertise in treasury operations, including global liquidity management, cash forecasting, financial risk mitigation (FX hedging, interest rates), and capital planning. It also demands operational execution, strategic analysis, and the ability to influence across global functions in a matrixed organization.

What is the company culture like at Illumina?

Illumina fosters a collaborative environment where every person has the opportunity to make a difference, surrounded by extraordinary people, inspiring leaders, and world-changing projects in genomic technology for health equity.

What makes a strong candidate for this position?

A strong candidate will have expertise in global treasury strategy, liquidity and cash management, financial risk management, and the ability to partner across Finance, Legal, Tax, and operations in a matrixed organization while providing strategic support to senior leadership.

Illumina

Supports genomics startups through funding and resources

About Illumina

Illumina focuses on fostering innovation in the genomics industry by supporting startups through its Illumina Accelerator program. This program helps entrepreneurs create, launch, and grow genomics-focused companies by providing funding and resources. The accelerator operates in two main locations: the San Francisco Bay Area and Cambridge, UK. Illumina Accelerator has successfully invested in 68 genomics startups, which have collectively raised over $1 billion in venture capital. What sets Illumina apart from its competitors is its strong partnership with leading venture capital investors and its dedicated focus on the genomics sector. The goal of Illumina is to build a thriving ecosystem for genomics innovation, enabling new companies to emerge and advance the field.

San Diego, CaliforniaHeadquarters

1998Year Founded

$27.2MTotal Funding

IPOCompany Stage

Venture Capital, BiotechnologyIndustries

5,001-10,000Employees

Risks

Over-reliance on NVIDIA's AI technology may limit flexibility in AI solution adoption.

Standardizing proteomics data across platforms could challenge Illumina's data reliability.

Single-flow-cell NovaSeq X System might cannibalize sales of higher-end models.

Differentiation

Illumina leads in genomic sequencing with advanced AI integration and multiomic data analysis.

The company offers innovative array-based solutions for DNA, RNA, and protein analysis.

Illumina's global expansion includes a new Global Capability Center in Bengaluru.

Upsides

Collaboration with NVIDIA enhances drug discovery and clinical development through AI integration.

Pilot proteomics program with UK Biobank aims to generate crucial reference datasets.

Single-cell sequencing kits make high-throughput sequencing accessible to smaller labs.

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