Director, Assistant Treasurer (San Diego/Hybrid)

The Director, Assistant Treasurer at Illumina leads global treasury operations and strategy, focusing on capital structure, liquidity, and financial risk mitigation. This role involves partnering with various departments, providing strategic support for cash forecasting and capital planning, and optimizing liquidity. Key responsibilities include managing global cash flow, identifying financial risks, overseeing treasury systems, and leading a team of treasury professionals. The position requires strong technical expertise, operational execution, and cross-functional influence within a hybrid work model in San Diego.

Must Have

• Oversee global treasury operations and strategy execution.
• Ensure effective capital structure, liquidity management, and financial risk mitigation.
• Provide strategic and analytical support on cash forecasting, capital planning, and financing activities.
• Optimize liquidity, implement treasury systems and controls, and ensure compliance.
• Manage global liquidity and cash flow forecasting.
• Identify and directly manage foreign exchange, interest rate, and counterparty credit risks.
• Oversee daily global treasury operations, including cash positioning and investments.
• Serve as the company's primary relationship manager with global banking partners.
• Oversee corporate insurance programs.
• Lead, mentor, and develop a team of treasury professionals.
• Bachelor’s degree in finance, accounting, business administration, or a related field.
• Minimum of 15-18 years of related experience, including 10+ years in a management capacity.
• Proven success managing global treasury operations in a public, multinational organization.
• Expertise in liquidity management, debt, FX, and investment strategies.
• Strong knowledge of SOX compliance, internal controls, and treasury systems (e.g., Kyriba, SAP Treasury).
• Advanced Excel modelling capabilities.

Good to Have

• MBA, CPA, CFA, or CTP (Certified Treasury Professional) preferred.
• Experience in healthcare, life sciences, or technology industries.

Perks & Benefits

• Variable cash programs (bonus or commission)
• Equity as part of the compensation package
• Access to genomics sequencing
• Family planning
• Health/dental/vision benefits
• Retirement benefits
• Paid time off
• Relocation assistance may be available

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 Director, Assistant Treasurer oversees the company’s global treasury operations and strategy execution, ensuring effective capital structure, liquidity management, and financial risk mitigation across geographies. Operating within a matrixed, global organization, this role partners closely with Finance, Legal, Compliance, Tax, and operational leaders to strengthen financial governance, controls, and risk frameworks.

The Director provides strategic and analytical support to senior leadership on cash forecasting, capital planning, and financing activities. This role is accountable for optimizing liquidity, implementing treasury systems and controls, and ensuring compliance with regulatory and audit requirements. The position requires strong technical expertise, operational execution, and the ability to influence across global functions.

\*This is a full-time role, Monday through Friday, 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 our corporate offices. Relocation assistance may be available and should be completed within a six (6) month period or a mutually agreed upon time.

Essential Duties and Responsibilities:

Strategic & Financial Leadership

• Contribute to the development and execution of the company’s global treasury strategy, ensuring efficient capital structure, liquidity, and funding.
• Provide analysis and recommendations to the 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.

Liquidity and Cash Management

• 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.

Financial Risk Management

• Identify and directly manage foreign exchange, interest rate, and counterparty credit risks.
• Implement and monitor FX hedging and risk mitigation strategies consistent with corporate policy.
• Provide periodic reporting on exposures and hedging effectiveness to leadership and the Audit Committee.

Treasury Operations & Technology

• Oversee daily global treasury operations, including cash positioning, investments, and intercompany funding.
• Lead treasury transformation projects, including system implementations (e.g., Kyriba, SAP Treasury) and process standardization across regions.
• Ensure compliance with SOX, audit, and internal control standards.

Banking & Capital Markets

• Serve as the company's 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 potential financing or refinancing activities.

Insurance & Risk Financing

• Oversee corporate insurance programs, including renewals, coverage optimization, and claims coordination.
• Collaborate with Legal, Compliance, and Operations to align insurance coverage with enterprise risk priorities.

Cross-Functional Collaboration

• Partner with FP&A, Tax, Legal, and Accounting to align treasury operations with business needs.
• Contribute to M&A due diligence and integration activities related to liquidity and risk.
• Support development of global treasury policies, procedures, and governance frameworks.

Leadership & Team Development

• Lead, mentor, and develop a team of treasury professionals focused on operational excellence and continuous improvement.
• Promote a culture of accountability, collaboration, and innovation across regions.

Key Competencies:

Strategic and Analytical Thinking: Uses sound judgment and financial insight to guide treasury priorities and optimize enterprise liquidity.

Global Treasury Expertise: Demonstrates strong understanding of global financial operations, FX, and capital markets.

Influential Communication: Simplifies complex financial information for executive audiences; builds confidence through credibility and accuracy.

Operational Rigor: Ensures control, accuracy, and efficiency across treasury systems and workflows.

Collaboration and Partnership: Builds cross-functional relationships to drive coordinated financial execution.

People Leadership: Coaches, develops, and empowers a high-performing team in a dynamic, global environment.

Change Agility: Adapts to evolving business needs and leads process improvements with foresight and resilience.

Supervisory Responsibilities

This role includes direct supervision of a team of five Treasury professionals with responsibility for performance management, coaching and development, workload prioritization, and day-to-day oversight. The position is also responsible for hiring, onboarding, and navigating people-related matters in alignment with company policies, values, and evolving workplace expectations.

Minimum Qualifications:

• Typically requires a bachelor’s degree and a minimum of 15-18 years of related experience, including 10+ years in a management capacity, or an equivalent combination of education and experience.
• Bachelor’s degree in finance, Accounting, Business Administration, or a related field.
• Proven success managing global treasury operations in a public, multinational organization.
• Expertise in liquidity management, debt, FX, and investment strategies.
• Strong knowledge of SOX compliance, internal controls, and treasury systems (e.g., Kyriba, SAP Treasury).
• Advanced Excel modelling capabilities.

Preferred Credentials:

• MBA, CPA, CFA, or CTP (Certified Treasury Professional) preferred.
• Experience in healthcare, life sciences, or technology industries.

Other Requirements:

• Ability to work across time zones and partner with global teams.
• Travel up to 5–10% domestically and internationally as required.
• Commitment to integrity, confidentiality, and continuous professional growth.

#LI-HYBRID

The estimated base salary range for the Director, Assistant Treasurer (San Diego/Hybrid) role based in the United States of America is: $167,200 - $250,800. Should the level or location of the role change during the hiring process, the applicable base pay range may be updated accordingly. Compensation decisions are dependent on several factors including, but not limited to, an individual’s qualifications, location where the role is to be performed, internal equity, and alignment with market data. Additionally, all employees are eligible for one of our variable cash programs (bonus or commission) and eligible roles may receive equity as part of the compensation package. We offer a wide range of benefits as innovative as our work, including access to genomics sequencing, family planning, health/dental/vision, retirement benefits, and paid time off.

We are a company deeply rooted in belonging, promoting an inclusive environment where employees feel valued and empowered to contribute to our mission. Built on a strong foundation, Illumina has always prioritized openness, collaboration, and seeking alternative perspectives to propel innovation in genomics. We are proud to confirm a zero-net gap in pay, regardless of gender, ethnicity, or race. We also have several Employee Resource Groups (ERG) that deliver career development experiences, increase cultural awareness, and offer opportunities to engage in social responsibility. 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. Illumina conducts background checks on applicants for whom a conditional offer of employment has been made. Qualified applicants with arrest or conviction records will be considered for employment in accordance with applicable local, state, and federal laws. Background check results may potentially result in the withdrawal of a conditional offer of employment. The background check process and any decisions made as a result shall be made in accordance with all applicable local, state, and federal laws. Illumina prohibits the use of generative artificial intelligence (AI) in the application and interview process. If you require accommodation to complete the application or interview process, please contact accommodations@illumina.com. To learn more, visit: https://www.dol.gov/ofccp/regs/compliance/posters/pdf/eeopost.pdf. The position will be posted until a final candidate is selected or the requisition has a sufficient number of qualified applicants.