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Job ID: 154920

Director, Equity Solutions Group (6617U) - 15825
University of California, Berkeley


Date Posted Mar. 2, 2021
Title Director, Equity Solutions Group (6617U) - 15825
University University of California, Berkeley
Berkeley, CA, United States
Department
Application Deadline Open until filled
Position Start Date Available immediately
 
 
  • Director/Manager
  • Administration - General
 
 


Director, Equity Solutions Group (6617U) - 15825

About Berkeley

At the University of California, Berkeley, we are committed to creating a community that fosters equity of experience and opportunity, and ensures that students, faculty, and staff of all backgrounds feel safe, welcome and included. Our culture of openness, freedom and belonging make it a special place for students, faculty and staff.

The University of California, Berkeley, is one of the world's leading institutions of higher education, distinguished by its combination of internationally recognized academic and research excellence; the transformative opportunity it provides to a large and diverse student body; its public mission and commitment to equity and social justice; and its roots in the California experience, animated by such values as innovation, questioning the status quo, and respect for the environment and nature. Since its founding in 1868, Berkeley has fueled a perpetual renaissance, generating unparalleled intellectual, economic and social value in California, the United States and the world.

We are looking for equity-minded applicants who represent the full diversity of California and who demonstrate a sensitivity to and understanding of the diverse academic, socioeconomic, cultural, disability, gender identity, sexual orientation, and ethnic backgrounds present in our community. When you join the team at Berkeley, you can expect to be part of an inclusive, innovative and equity-focused community that approaches higher education as a matter of social justice that requires broad collaboration among faculty, staff, students and community partners. In deciding whether to apply for a position at Berkeley, you are strongly encouraged to consider whether your values align with our Guiding Values and Principles, our Principles of Community, and our Strategic Plan.

Departmental Overview

The VCRO is increasingly leading on several fronts that are vital to UC Berkeley's future, including the broad areas of innovation and entrepreneurship. One way to frame the department-level opportunity: How do we transform UC Berkeley's vast intellectual creativity into even more benefit to society?

More narrowly, UC Berkeley is building a more sustainable financial model for the University by taking more equity in licensing negotiations. The Equity Solutions Group (ESG) is being created to support this. Leaning into taking equity positions in startups has already begun: The current portfolio of licensing-acquired (LA) equity includes about 30 companies. The largest LA equity payouts thus far have been in life-science-related companies, the two largest being Intellia Therapeutics at about $15M and Berkeley Lights at about $8M. Opportunity remains to participate more fully given that Berkeley's licensing negotiations are ongoing. Moreover, direct equity ownership - or ownership of equity warrants - allows Berkeley to negotiate less hard for current payout (e.g., patent-cost reimbursement) and harder for longer-lived participation in big upsides, which is as it should be since the University is the more patient counterparty.

The timing for launching the ESG is right: A major policy change is imminent at the Regents and UCOP level. For UC campuses that desire it, the management of LA equity positions is likely to be devolved to the campus level by May of 2021. This would allow Berkeley to: 1) manage its own LA equity portfolio, 2) remain better informed about how client companies are faring, 3) build an even stronger client-service culture, and 4) create a strong equity-participation culture.

Responsibilities
  • Meets and consults with industry partners to ensure a holistic engagement strategy that meets industry partner and University goals.
  • Assesses relationship development and inroads between partners and the research program.
  • Collaborates with campus colleagues to ensure productive industry-university relationships.
  • Coordinates and synthesizes activities of research program with industry development team and faculty, leadership from research centers, and other campus departments to develop large scale projects.
  • Manages the relationship with UCOP and the UCB CFO's Office.
  • Historically all startup-equity management was conducted at UCOP through the Chief Investment Officer's Office (OCIO). The impending change in policy requires short term learning and coordination.
  • Keeps UCB CFO's office and other campus office's in the loop regarding the valuation of the equity portfolio and how that may impact the campus budget over the near term.
  • Specific tasks in this area include:
  • Collecting "capitalization tables" from companies from which equity is acquired and verifying that the contracted percentages are correct; managing stock issuance agreements; managing information relating to stock splits; preparing "equity packages" of documentation supporting acceptance by UC of equity in companies acquired via IP licenses and accelerators/incubators.
  • Works with campus elements beyond the UCB CFO to improve our management of startupequity positions that have been acquired outside of the licensing process (e.g., SkyDeck's Hot Desking program).
  • Reconciles data from these campus elements with the UCOP OCIO and calendars dates such as when shares have to be sold to avoid UC ownership breaching the existing 10% limit.
  • Participates in licensing negotiations at the stages that are most appropriated to grow startup-equity portfolio.
  • Analyzes and acts on that analysis with respect to the existing licensing-acquired, startup-equity portfolio. This set of tasks will focus on getting the most value for UCB Berkeley out of a given startup-equity portfolio as possible.
  • Part of this is managing communications and logistics pertaining to co-investment rights, notices, and communications with co-investors.


Required Qualifications
  • Skilled communicator: Includes verbal and written, active listening, critical thinking, persuasiveness, advising and counseling skills.
  • Ability to use discretion and respect confidentiality.
  • Demonstrated interpersonal skills to establish and maintain working relationships with colleagues, faculty, donors, and industry partners, with an emphasis on collaboration, tact, diplomacy, flexibility, professionalism, and discretion.
  • Ability to perform all commonly applicable functions in the Microsoft Suite.
  • Advanced knowledge of software applications specific to industry alliance programs.
  • Ability to teach others.
  • Ability to break down complex concepts and tailor communication to industry partner unique needs and interests.


Education/Training:
  • Bachelor's degree in related area and / or equivalent experience / training.


Preferred Qualifications
  • Deep understanding of or ability to quickly learn faculty and programmatic research interests within the University.
  • Understanding of partnership agreements, patent law, licensing and commercialization.
  • Advanced organizational and project management skills.
  • Ability to lead a team, prioritize personal and team tasks and see projects through from inception to completion on schedule.
  • Masters in Finance or in Business Administration and/or equivalent experience/training.


Salary & Benefits

This is an exempt, monthly paid position. Annual salary is commensurate with experience.

For information on the comprehensive benefits package offered by the University visit:

https://ucnet.universityofcalifornia.edu/compensation-and-benefits/index.html

How to Apply

Please submit your cover letter and resume as a single attachment when applying.

Other Information

This is a full-time, Career position.
The minimum posting duration of this position is 14 calendar days. The department will not initiate the application review process prior to March 15, 2021.

Conviction History Background

This is a designated position requiring fingerprinting and a background check due to the nature of the job responsibilities. Berkeley does hire people with conviction histories and reviews information received in the context of the job responsibilities. The University reserves the right to make employment contingent upon successful completion of the background check.

Equal Employment Opportunity

The University of California is an Equal Opportunity/Affirmative Action Employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, or protected veteran status. For more information about your rights as an applicant see:

https://www.eeoc.gov/sites/default/files/migrated_files/employers/poster_screen_reader_optimized.pdf
For the complete University of California nondiscrimination and affirmative action policy see:
http://policy.ucop.edu/doc/4000376/NondiscrimAffirmAct

To apply, visit https://careerspub.universityofcalifornia.edu/psp/ucb/EMPLOYEE/HRMS/c/HRS_HRAM.HRS_APP_SCHJOB.GBL?Page=HRS_APP_JBPST&Action=U&FOCUS=Applicant&SiteId=21&JobOpeningId=15825&PostingSeq=1

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