Job description
BillionToOne is a next-generation molecular diagnostics company dedicated to developing powerful and accurate diagnostic tests that are accessible to all. Our innovative QCT molecular counting technology significantly enhances the resolution of disease detection using cell-free DNA by over a thousandfold. This groundbreaking technology is integral to our product offerings, including one of our flagship products, Unity Complete™, the only non-invasive prenatal screen capable of assessing fetal risk for both common recessive conditions and aneuploidies from a single maternal blood sample. Leveraging the same molecular counting technology, we’ve expanded our impact into oncology in 2023 with a pioneering liquid biopsy test, Northstar, that combines treatment selection with monitoring. To date, over 1,000,000 patients have benefited from our innovative and precise diagnostic tests, and our Annual Recurring Revenue (ARR) has grown from $0 to $125 million in the last ~4 years.
BillionToOne has successfully raised close to $400 million in funding, with a notable $130 million Series D round completed in June 2024, resulting in a company valuation of over $1 billion. This funding has come from prestigious global institutional investors, including Hummingbird, Adams Street Partners, Neuberger Berman, Baillie Gifford, and Premji Invest. BillionToOne has recently been recognized by Forbes as one of America’s Best Startup Employers for 2024, highlighting the company’s exceptional work environment and commitment to innovation.
Our team has grown significantly and we now proudly employ over 500 highly skilled individuals. Despite substantial growth, we have successfully maintained the unique culture that has defined BillionToOne from inception, continuing to cultivate a team that is not only diverse and passionate but also innovative. Headquartered in Menlo Park, California, with an additional facility in Union City, California, BillionToOne remains at the forefront of significant advances in molecular diagnostics, evidenced by the recent announcement of clinical outcomes data for its Unity Fetal Risk Screen and new advancements in cancer diagnostics. For more detailed information about BillionToOne and its groundbreaking work, please visit our website at www.billiontoone.com.
We are seeking a highly skilled and experienced Assistant Controller to join our team.
The Assistant Controller/Sr. Director of Accounting will be responsible for managing various accounting functions, including inventory and cost accounting, financial reporting, equity & tax accounting processes and procedures. This role will oversee monthly, quarterly, and annual financial reporting, ensuring timely and effective processes and controls in reporting the company’s financial position and cash flows.
Key Responsibilities:
- Oversee inventory and cost accounting, partnering with Supply Chain to improve processes and ensure accurate financial reporting.
- Manage monthly close, reconciliations, account analysis, and preparation and posting of journal entries.
- Prepare, review, and maintain supporting documentation, performing monthly and quarterly flux analyses of financial accounts and statements.
- Coordinate with outsourced tax providers for accurate tax accounting, quarterly and annual tax projections, and filings.
- Develop strong collaborative relationships with other teams to understand the business and apply that knowledge to financial statements and reporting.
- Work with financial statement auditors to complete quarterly reviews and annual audits, providing necessary documentation and support.
- Assist with Sarbanes-Oxley (SOX) compliance, including the development and documentation of controls and maintenance of effective internal control processes.
- Oversee compliance with company policies and regulations.
- Manage and engage members of the accounting team.
- Assist in management of key system implementations and process improvements.
- Manage and complete special projects as necessary.
Qualifications:
- Bachelor’s degree in accounting, finance, or economics
- CPA certification required
- Minimum 12+ years of progressive experience in accounting leadership in a corporate accounting environment combined with public accounting experience
- Big 4 experience preferred
- Experience with NetSuite preferred
- Strong business acumen, critical thinking proficiency, and excellent communication skills
- Deep knowledge and application of US GAAP and SOX 404 regulations and guidelines
Benefits and Perks:
- Working with a team of ‘superstars’ who bring out the best in everyone
- Competitive pay and generous equity package
- Open, transparent culture that includes weekly Town Hall meetings
- The ability to indirectly or directly change the lives of hundreds of thousand patients
- Multiple medical benefit options; employee premiums paid 100% of select plans, dependents covered at 80%
- Extremely generous Family Bonding Leave for new parents (16 weeks, paid at 100%)
- Retirement savings program including a 4% Company match
- Free daily on-site lunches provided from top eateries
- Latest and greatest hardware (laptop, lab equipment, facilities)
- A variety of perks on campus (state of the art gym, restaurant)
- Free on-site EV charging (compatible with all EVs, including Tesla)
At BillionToOne, we are proud to offer a combination of a (1) base pay range (actual amount offered is based on experience and salary/equity options split that the candidate chooses), (2) generous equity options offering, (3) corporate bonus program, on top of (4) industry leading company benefits (free healthcare options, 401k match, very generous fully paid parental leave, etc.).
For this position, we offer a total compensation package of up to $450,000per year, including a base pay range of $200,000 - $250,000 per year.
BillionToOne is an equal opportunity employer. We do not discriminate on the basis of race, religion, color, national origin, gender, sexual orientation, age, marital status, veteran status, or disability status.
For more information about how we protect your information, we encourage you to review our Privacy Policy.
