Job description

ABOUT THE DAVID AND LUCILE PACKARD FOUNDATION
We work with people and communities to create enduring solutions for just societies and a healthy, resilient natural world. Over our nearly 60-year history, we have worked with thousands of organizations and leaders in the U.S. and worldwide to advance progress in the critical areas of science, ocean and land conservation, climate change, women’s reproductive health and rights, and the well-being of children, families, and communities. At a time of multiple, intertwined crises globally and here in the U.S., the Packard Foundation began in 2021 a long-planned review of our grantmaking strategies. The first step of our process was to rearticulate our vision and mission, reexamine our organizational values, and create a strategic framework that builds on and honors the Packard Foundation’s past while advancing justice and equity in all that we do.

OUR VISION: A just and equitable world where both people and nature flourish.
Our new vision embraces a future where both people and nature flourish in a more just and equitable world. We explicitly acknowledge that the fate of people and the natural environment are inextricably linked. Solutions to the complex challenges we face must account for this interconnectedness.

OUR MISSION: We work with people and communities to create enduring solutions for just societies and a healthy, resilient natural world.
Our new mission takes on the critical work of addressing root causes of the challenges we face and mobilizing people for collective action. In addition to building on approaches that have guided our philanthropy for decades — working in partnership, committing to issues over the long-term, and grounding our work in science, knowledge, and data – we focus on understanding the systems that either accelerate or impede progress. It is only through just and equitable systems that we can find and sustain solutions to some of the biggest challenges we face today.

OUR VALUES: Equity, Integrity, Belief in Individual Leadership, Thinking Big, Respect, and Effectiveness.
In addition to clarifying our long-held values, we added equity. We will champion equity by treating people with dignity, honoring a range of ideas and perspectives from those closest to the issues, creating inclusive processes, and funding people who have been historically excluded to spur progress for all. For more information, including our definitions of key concepts, please visit our website.

DEPARTMENT OVERVIEW
The Mission Investing (MI) unit, a small but growing team, is an extremely efficient, high-performing group that works closely together to invest and manage a standalone $250 million Mission Investing portfolio. The team makes an average of $40 million in new impact-oriented loans and investments each year to support the Foundation’s charitable priorities, including addressing climate change, ensuring reproductive health access, and supporting local and California initiatives. Operating for more than 40 years, the Mission Investment portfolio currently encompasses a range of impact-oriented loans and equity investments, in partnership with a diverse array of nonprofit organizations, mission-driven for-profit companies, and impact equity fund managers.

POSITION SUMMARY
Reporting to the Mission Investing Officer, the Mission Investing Analyst is a key member of the MI team. The MI Analyst coordinates closely with the Mission Investing Operations Manager, providing key analytical and operational support across the MI program’s impact investing activities. A successful MI Analyst demonstrates strong quantitative skills, the ability to work in a small, flat, and cohesive team environment, and an interest in using impact investment tools to address environmental and societal issues.

PRIMARY DUTIES AND RESPONSIBILITIES
Core MI Program & Financial Information
Maintain and ensure accuracy of organizational, transactional, and financial information for all MI loans and equity investments within MI database system (CRM)
Responsible for MI entry and updating for all investment information, repayments, and supporting loan and equity investment documents and reports
Working closely with MI Operations Manager, support reporting as well as reconciliations with Foundation finance and accounting staff

MI Loan Portfolio
Create and update loan amortization schedules and payments in MI and Finance & Accounting systems
Provide coding information to the Foundation CO for all fundings and repayments as they occur
Track and maintain information on accrued interest receivables for Foundation balance sheet

MI Equity Investments
Maintain, analyze, and reconcile financial information related to valuation reports from fund managers and investment performance
Support MI Operations Manager in the reconciliations with Finance & Accounting staff

_Financial Analysis
_Complete analysis of organizational financial statements during diligence and underwriting for potential new MIs
Support financial analysis of MI portfolio to support MI portfolio management

Special Projects
Support with maintenance and upgrades of MI systems
Other tasks and special projects as needed

QUALIFICATIONS
Education
A Bachelor’s degree or equivalent experience/training is required for this role.

Experience
This position requires 2-3 years in a finance, loan, or investment administration/analyst role, or equivalent
Strong quantitative and analytical skills
Advanced user Microsoft Excel or equivalent

Knowledge, Skills, and Abilities
Required
Team player able to handle multiple tasks and deadlines
Commitment to detail, accuracy, and high-quality work products
Responsiveness and strong work ethic
Preferred
Experience or familiarity with database/information management systems, ideally systems for investment, lending, or other financing programs
Working knowledge of financial statement accounting and analysis

FIRST REVIEW DATE
March 27, 2023

COMPENSATION AND BENEFITS
The position is full-time. The salary range for this position, based in California, is $103,000 USD to $132,000 USD annually. This salary range is an estimate, and the actual salary may vary based on various factors, including without limitation individual education, experience, tenure, certification, skills, and abilities, as well as internal equity and alignment with market data.

The David and Lucile Packard Foundation offers excellent benefits for eligible employees. Current benefits include medical (HMO and HDHPs), dental and vision coverage; 15% employer contribution to employee retirement plan; life insurance, disability insurance, vacation, and sick leave; an adoption benefit; fertility benefit; a financial wellness program; health advocacy services, paid time off to volunteer for nonprofit organizations; matching grants for employee contributions to tax exempt organizations; commute assistance; and tuition assistance.

HYBRID WORK POLICY
The Packard Foundation’s current Hybrid Work Policy is that staff are expected to be in the office on Tuesdays and Wednesdays each week.

COVID-19
The David and Lucile Packard Foundation requires that all staff be fully vaccinated against COVID-19, except as required by law. Any employment offer will be contingent upon satisfactory proof that you are fully vaccinated from COVID-19, subject to reasonable accommodations for medical or religious reasons, and/or as otherwise required by applicable law.

EEO STATEMENT
The Foundation is an equal employment opportunity employer, which means we recruit, hire, assign, train, promote, compensate, provide benefits, discipline, and discharge (and all the other terms and conditions of employment) based on merit, qualifications, job requirements, and other legitimate business factors.

We do not discriminate on the basis of actual or perceived race (including traits historically associated with race, including, but not limited to, hair texture and protective hairstyles), color, religion (including religious dress and grooming practices), creed, sex, gender (including pregnancy, child birth, breast feeding, and/or related medical conditions), marital or registered domestic partner status, age (over 40), national origin, ancestry, physical or mental disability, medical condition (as defined by California law), military or veteran status, sexual orientation, gender identity, gender expression, genetic information, taking or requesting statutorily protected leave, or on any other category protected by applicable law. We also do not discriminate based on whether a person is associated with someone else who is in any of the protected categories or is perceived to be in any of the protected categories.ABOUT THE DAVID AND LUCILE PACKARD FOUNDATION
We work with people and communities to create enduring solutions for just societies and a healthy, resilient natural world. Over our nearly 60-year history, we have worked with thousands of organizations and leaders in the U.S. and worldwide to advance progress in the critical areas of science, ocean and land conservation, climate change, women’s reproductive health and rights, and the well-being of children, families, and communities. At a time of multiple, intertwined crises globally and here in the U.S., the Packard Foundation began in 2021 a long-planned review of our grantmaking strategies. The first step of our process was to rearticulate our vision and mission, reexamine our organizational values, and create a strategic framework that builds on and honors the Packard Foundation’s past while advancing justice and equity in all that we do.

OUR VISION: A just and equitable world where both people and nature flourish.
Our new vision embraces a future where both people and nature flourish in a more just and equitable world. We explicitly acknowledge that the fate of people and the natural environment are inextricably linked. Solutions to the complex challenges we face must account for this interconnectedness.

OUR MISSION: We work with people and communities to create enduring solutions for just societies and a healthy, resilient natural world.
Our new mission takes on the critical work of addressing root causes of the challenges we face and mobilizing people for collective action. In addition to building on approaches that have guided our philanthropy for decades — working in partnership, committing to issues over the long-term, and grounding our work in science, knowledge, and data – we focus on understanding the systems that either accelerate or impede progress. It is only through just and equitable systems that we can find and sustain solutions to some of the biggest challenges we face today.

OUR VALUES: Equity, Integrity, Belief in Individual Leadership, Thinking Big, Respect, and Effectiveness.
In addition to clarifying our long-held values, we added equity. We will champion equity by treating people with dignity, honoring a range of ideas and perspectives from those closest to the issues, creating inclusive processes, and funding people who have been historically excluded to spur progress for all. For more information, including our definitions of key concepts, please visit our website.

DEPARTMENT OVERVIEW

The Accounting & Finance department houses the Accounting, Finance, and Investment Accounting & Tax functions. The Finance team is responsible for budgeting, forecasting, custom financial analyses, data mining/dashboard creation and management reporting.

POSITION SUMMARY

Reporting to the Finance Manager, the Senior Financial Analyst will contribute to the Foundation’s success by leading FP&A efforts working with our Program staff and management. Key areas of responsibility include budgeting, forecasting, custom financial analyses, improvement projects, data mining/dashboard creation and management reporting.

PRIMARY DUTIES AND RESPONSIBILITIES

Lead preparation and modifications to our budgets and forecasts, analyze and explain budget/forecast vs. actual – collaborating with our internal partners and our CFO
Develop financial models and analyses to support strategic planning, budgeting, forecasting and special projects
Build out Tableau dashboards to analyze our grants and operational data to glean insights and stories to share with management and Programs on grant making trends and KPIs. Summarize our key findings for management
Analyze grant and other financial data to forecast our payout ratios and trends and keep our CFO and the Board informed about our progress
Prepare monthly management reports and provide insights on key trends and budget variances
Recommend and implement process improvements to ensure high quality financial data, processes, and systems
Develop systems requirements for our grantmaking system as it relates to our processes
Create ad hoc reports and analyses to support a variety of needs for Operations and Programs
Undertake other improvement initiatives, special assignments, and research projects

Job Type: Full-time

Pay: $103,000.00 - $132,000.00 per year

Benefits:

• 401(k)
• 401(k) matching
• Dental insurance
• Employee assistance program
• Flexible schedule
• Flexible spending account
• Health insurance
• Health savings account
• Life insurance
• Paid time off
• Parental leave
• Retirement plan
• Vision insurance

Schedule:

• Day shift

Work Location: Hybrid remote in Los Altos, CA 94022

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