Manager, Cost Accounting

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