Job description
Why join Freenome?
Freenome is a high-growth biotech company developing tests to detect cancer using a standard blood draw. To do this, Freenome uses a multiomics platform that combines tumor and non-tumor signals with machine learning to find cancer in its earliest, most-treatable stages.
Cancer is relentless. This is why Freenome is building the clinical, economic, and operational evidence to drive cancer screening and save lives. Our first screening test is for colorectal cancer (CRC) and advanced adenomas, and it’s just the beginning.
Founded in 2014, Freenome has ~400 employees and continues to grow to match the scope of our ambitions to provide access to better screening and earlier cancer detection.
At Freenome, we aim to impact patients by empowering everyone to prevent, detect, and treat their disease. This, together with our high-performing culture of respect and cross-collaboration, is what motivates us to make every day count.
Become a Freenomer
Do you have what it takes to be a Freenomer? A “Freenomer” is a determined, mission-driven, results-oriented employee fueled by the opportunity to change the landscape of cancer and make a positive impact on patients’ lives. Freenomers bring their diverse experience, expertise, and personal perspective to solve problems and push to achieve what’s possible, one breakthrough at a time.
About this opportunity:
To support Freenome’s rapid growth, we’re looking for a proven and collaborative FP&A Manager, Cost Controlling to join our team! This is a highly visible role responsible for all the key activities related to cost controlling, including budgeting, product costing, manufacturing variance analysis, management reporting, and supporting/advising operations/CLIA lab and Quality teams in increasing financial efficiency in the production environment. The position will play a key role in the development, implementation, and improvement of cost analysis, related systems, and process improvements.
In this role, you will report directly to our Director, FP&A, and will closely collaborate with the accounting team. This role will be a Hybrid role based out of our Brisbane, California headquarters.
What you’ll do:
- Work cross-functionally and partner closely with the accounting team, multiple Operations/CLIA Lab functions, in addition to IT/Facilities teams, to deliver cost accounting solutions that support evolving business needs.
- Drive the forward-looking cost of goods sold (COGS) modeling and review process for Freenome, partnering with functional finance peers and key members of the business to further standardize COGS modeling, tracking of COGS improvement targets, and measuring performance vs. target.
- Provide a robust challenge to the business during planning/budgeting processes to ensure Operations/CLIA Lab budgets and forecasts are reasonable.
- Oversee the Standard cost set-up, lead the monthly COGS analytics and actual cost variances, quarterly forecast, annual budget, long-range plan, and other major planning processes for Freenome with an emphasis on product costing.
- Provides financial direction and strategic insight to Freenome functional leaders. Helps to define and deliver against short-term and long-term goals, including identification of key value drivers and Business KPIs. Provide a robust challenge to the business during planning/budgeting processes.
- Responsible for monthly and quarterly close of cost of goods sales and inventory, including but not limited to preparing journal entries, meeting the close timeline, providing audit and SOX schedules related to COGS and Inventory.
- Manage monthly meetings and partner with Operations/CLIA Lab and Supply Chain to analyze inventory for potential excess and obsolete reserves and make related entries in accordance with the company’s policies.
- Collaborate with the accounting team in the development of processes, procedures, and SOX controls to ensure the accuracy of inventory data, and implement changes as needed.
- Analyze standard and actual costs, direct and indirect materials, direct labor, and overhead costs for variances and drive the efforts to address the underlying root causes.
- Develop and maintain a methodology for calculating and applying material costs, labor costs, and overhead rates as required by generally accepted accounting principles.
- Support ERP and FP&A tool initiatives. Ensure the NetSuite Master Data related to cost controlling is accurate and up to date.
- Support key financial aspects related to the launch of our first product, and particularly the cost aspect of it.
- Influence key decisions by delivering high-value financial analysis to identify opportunities to invest, reduce costs, and mitigate risks.
- Play a key role in assessing and evaluating opportunities to streamline and improve company-level planning processes and efficiencies.
- Support and execute on ad-hoc requests as assigned as necessary.
Must haves:
- Bachelor’s degree in Accounting/Finance/Business.
- Minimum of 6+ years of FP&A experience as a business partner in a fast-paced, high-growth biotech, diagnostic, medical device environment.
- Willingness to roll up your sleeves, handle large amounts of data, and build complex financial models.
- Strong analytical background with the ability to creatively solve problems with a data-driven approach.
- Ability to articulate complex financial concepts in understandable terms to non-finance professionals.
- Demonstrated ability to think strategically while maintaining a command of the details.
- Extremely well-organized and data-driven.
- Exposure to and proven experience building key financial management processes, management reporting, and financial discipline as required in a scaling organization.
- Self-motivated and capable of driving business results without significant supervision.
Nice to haves:
- MBA or Big-4 a plus.
- Experience as a FP&A professional for single-site labs (FDA/CLIA diagnostics business) and/or reagent manufacturing environments.
- Knowledge of clinical diagnostics development, operations, and portfolio management.
Benefits and additional information:
The US target range of our base salary for new hires is $131,325 - $201,000. You will also be eligible to receive pre-IPO equity, cash bonuses, and a full range of medical, financial, and other benefits depending on the position offered. Please note that individual total compensation for this position will be determined at the Company’s sole discretion and may vary based on several factors, including but not limited to, location, skill level, years and depth of relevant experience, and education. We invite you to check out our career page @ _freenome.com/job-openings/_ for additional company information.
Freenome is proud to be an equal-opportunity employer, and we value diversity. Freenome does not discriminate on the basis of race, color, religion, marital status, age, national origin, ancestry, physical or mental disability, medical condition, pregnancy, genetic information, gender, sexual orientation, gender identity or expression, veteran status, or any other status protected under federal, state, or local law.
Applicants have rights under Federal Employment Laws.
- Family & Medical Leave Act (FMLA)
- Equal Employment Opportunity (EEO)
- Employee Polygraph Protection Act (EPPA)
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