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Sr Financial Analyst II (Hybrid)

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:

Develops, interprets and implements financial concepts for financial planning and control. Performs technical analysis to determine present and future financial performance. Gathers, analyzes, prepares and summarizes recommendations for financial plans, acquisition activity, trended future requirements and operating forecasts. Performs economic research and studies in the areas of rates of return, depreciations, working capital requirements, investment opportunities, investment performance and impact of governmental requirements.

Changes to individual responsibilities may occur due to business needs and other related duties may be assigned.

Responsibilities:

  • Provide comprehensive support across front-end business operations, financial planning, and analysis, alongside back-end controllership and accounting for designated areas of responsibility.
  • Oversee the Company’s Stock-Based Compensation model and manage monthly forecast updates, delivering variance analysis and commentary to key stakeholders.
  • Assist in the monthly/quarterly close process related to Stock-Based Compensation.
  • Collaborate with leadership to review actual financial results and analyze variances against budgets and forecasts.
  • Manage and update the corporate cost center forecast
  • Maintain the company's KPI scorecard, ensuring data accuracy and providing insightful commentary.
  • Contribute to continuous improvement initiatives within EFP&A to enhance operational visibility and efficiency.
  • Assist in preparing monthly and quarterly Board of Directors and financial leadership reporting packages.
  • Perform other duties as required.

Listed 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:

  • A minimum of 8 years of experience, ideally in a high-growth environment.
  • Strong proficiency in understanding P&L, with experience in stock-based compensation preferred.
  • Hands-on experience with SAP is highly preferred; exposure to Cognos TM1 is a plus.
  • Excellent interpersonal skills, with the ability to build strong relationships and partnerships across all organizational levels.
  • Outstanding written communication and project management abilities.
  • Strong commitment to accuracy and quality while effectively managing multiple goals and deadlines.
  • Advanced proficiency in Microsoft Excel and PowerPoint.
  • Self-motivated and capable of working efficiently both independently and within a team  
  • Demonstrates clear leadership potential.

All listed requirements are deemed as essential functions to this position; however, business conditions may require reasonable accommodations for additional task and responsibilities.

Changes to individual responsibilities may occur due to business needs and other related duties may be assigned.

Experience/Education:

  • Typically requires a minimum of 8 years of related experience with a Bachelor’s degree; or 6 years and a Master’s degree; or a PhD with 3 years of experience; or equivalent experience.

#LI-HYBRID

The estimated base salary range for the Sr Financial Analyst II (Hybrid) role based in the United States of America is: $105,600 - $158,400. 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.


At Illumina, we strive to foster a diverse and inclusive workplace by cultivating an environment in which everyone contributes to our mission. Built on a strong foundation, Illumina has always been rooted in openness, collaboration, and seeking alternative views and 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 demonstrate our collective commitment to diversity and inclusion in the communities we live and work. 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. 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. This role is not eligible for visa sponsorship.
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Average salary estimate

$132000 / YEARLY (est.)
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$105600K
$158400K

If an employer mentions a salary or salary range on their job, we display it as an "Employer Estimate". If a job has no salary data, Rise displays an estimate if available.

What You Should Know About Sr Financial Analyst II (Hybrid), Illumina

At Illumina, the role of Sr Financial Analyst II (Hybrid) is not just a job; it’s an opportunity to be part of a transformative trajectory in the realm of genomic technology. Here in sunny San Diego, California, you’d be instrumental in reshaping health equity worldwide through early disease detection and innovative treatment strategies. Your daily work will revolve around developing and interpreting financial concepts essential for financial planning and control. You will dive deep into technical analysis, assessing both current and future financial performance, and preparing insightful recommendations. The responsibilities are diverse and engaging, including overseeing the Stock-Based Compensation model, assisting in the monthly close process, and collaborating closely with leadership on financial results. Your analytical skills will help maintain the company’s KPI scorecard and contribute towards continuous improvement initiatives. The environment is dynamic, and you’ll have the chance to impact important aspects of our business while working with a team that thrives on innovation and forward-thinking. If you aspire to become more than just a cog in the wheel, join us at Illumina for a fulfilling career where your contributions genuinely matter, and meaningful change is at the forefront of what we do.

Frequently Asked Questions (FAQs) for Sr Financial Analyst II (Hybrid) Role at Illumina
What are the primary responsibilities of the Sr Financial Analyst II at Illumina?

The Sr Financial Analyst II position at Illumina involves developing and interpreting financial concepts for effective financial planning, analyzing actual results against budgets, overseeing Stock-Based Compensation data, and managing corporate forecasts. This role is pivotal in providing financial insights that help guide business decision-making and operational strategies.

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What qualifications are necessary for a Sr Financial Analyst II position at Illumina?

To qualify for the Sr Financial Analyst II role at Illumina, candidates typically need a minimum of 8 years of relevant experience. A bachelor’s degree is required, with advanced degrees preferred in certain cases. Strong proficiency with P&L statements, SAP experience, and excellent communication skills are also essential.

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What skills are important for a successful Sr Financial Analyst II at Illumina?

A successful Sr Financial Analyst II at Illumina should demonstrate advanced skills in financial analysis, project management, and proficiency in Microsoft Excel and PowerPoint. Strong interpersonal skills are vital for building relationships across the organization, while a commitment to data accuracy and attention to detail will help in managing multiple priorities effectively.

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How does Illumina promote diversity and inclusion in the workplace for Sr Financial Analyst II roles?

Illumina is deeply committed to creating a diverse and inclusive workplace. They cultivate an environment that cherishes diverse perspectives, supported by Employee Resource Groups (ERGs) focused on career development and cultural awareness aimed at enhancing the workplace for all employees, including those in Sr Financial Analyst II positions.

Join Rise to see the full answer
What is the salary range for the Sr Financial Analyst II position at Illumina?

The estimated base salary for the Sr Financial Analyst II role at Illumina ranges from $105,600 to $158,400, depending on factors such as individual qualifications and the location of the role. Additionally, candidates may be eligible for bonuses and equity as part of their compensation package.

Join Rise to see the full answer
Common Interview Questions for Sr Financial Analyst II (Hybrid)
Can you elaborate on your experience with financial analysis and reporting as a Sr Financial Analyst II?

When answering this question, highlight specific examples of your past financial analysis work. Discuss the tools you used, the factors you analyzed, and the impact your reports had on decision-making. Be sure to show your familiarity with SAP or similar financial systems.

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How do you prioritize multiple financial projects and responsibilities?

Discuss your approach to project management and prioritization. Mention strategies you rely on, like utilizing project management software or frameworks like Agile. Provide examples of how you have successfully managed competing deadlines in your previous roles.

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What techniques do you use to ensure accuracy in your financial reports?

Share specific methods you implement to maintain accuracy and quality in reports. This might include double-checking data entry, utilizing software for validations, and your routine review processes. Highlight the importance of collaboration to ensure data integrity.

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Can you describe a challenging financial problem you solved?

Provide a concise narrative of the challenge, your analytical approach to understanding it, and the outcome. Use metrics to illustrate the impact of your solution, demonstrating your problem-solving and analytical skills as a Sr Financial Analyst II.

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How do you handle discrepancies in financial forecasting?

Share your systematic approach to investigating discrepancies. Discuss how you identify the root cause, the corrective actions you take, and how you communicate findings to stakeholders. This reflects your analytical thinking and communication skills.

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What experience do you have with Stock-Based Compensation reporting?

Talk about your direct experience with stock-based compensation. Mention any systems you’ve worked with, the types of reports you created, and how you prepared variance analysis and commentary related to those reports.

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How do you stay current with industry trends affecting financial analysis?

Discuss your commitment to professional development, whether through courses, webinars, or relevant financial literature. Mention any memberships in professional organizations that help you stay informed about industry changes impacting roles like Sr Financial Analyst II.

Join Rise to see the full answer
Describe a time when you had to present financial information to non-financial stakeholders.

Provide a specific example, focusing on how you tailored your presentation for a non-financial audience. Highlight your ability to simplify complex concepts and ensure clarity without relying on too much jargon.

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What role does teamwork play in your approach to financial analysis?

Emphasize the importance of collaboration within financial teams. Discuss how you engage with colleagues from various departments to gather necessary data, improve accuracy, and ensure buy-in for financial strategies.

Join Rise to see the full answer
What are your long-term career goals related to financial analysis?

Share your aspirations and how the Sr Financial Analyst II position at Illumina aligns with them. Discuss your desire for growth in this field and any specific areas of financial analysis you are particularly passionate about.

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To improve human health by unlocking the power of the genome.

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Full-time, hybrid
DATE POSTED
April 8, 2025

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