About The David and Lucile Packard Foundation
The David & Lucile Packard Foundation was founded in 1964 by David and Lucile Packard. We work with people and communities to create enduring solutions for just societies and a healthy, resilient natural world. 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.
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 Investments team is a 15-person team comprised of eleven investment professionals and four operations and administrative professionals. We invest the Foundation’s $8 billion endowment portfolio across asset classes such as public and private equities, venture capital, real estate, hedge funds, and fixed income and across geographies such as the United States, China, India, Latin America, and Europe, creating a stream of payments to the Foundation’s charitable programs. Our goal is to generate excellent risk-adjusted returns that are sufficient to fund the Foundation’s grantmaking activities, while preserving the real value of the portfolio over the long term. We invest by finding the world’s best fund manager talent and building long-term relationships with these funds. We work closely and collaboratively, valuing intellectual curiosity, debate, and teamwork.
The Operations team is a four-person team within the Investments team responsible for executing trades and transactions, maintaining internal databases and systems, reporting on performance, and working closely with counterparties and custody banks. Operations works closely with the diligence function of the Investments team before and after each investment is funded, as well as with the Foundation’s finance function on tax and audit.
Position Summary
The Foundation seeks to hire an Investment Operations Analyst to join our team. This is an opportunity to learn all aspects of investment operations across multiple asset classes. The successful candidate will have a key role in the investment operations group and work closely with various members of the Investment team.
Primary Duties and Responsibilities
- Research and resolve investment operations and accounting issues in a timely and accurate way
- Ensure the integrity of performance data
- Generate and reconcile daily, monthly, quarterly, and annual investment reports
- Process investment cash flows and assist with cash forecasts
- Maintain ongoing relationships with the custodial bank, vendors, and internal groups
- Prepare materials for quarterly Investment Committee meetings
- Track and maintain investment-related information on central spreadsheets and databases
- Manage operations requests from Investment team members
- Undertake special projects as requested
Qualifications
Education
- Bachelor’s degree required
Experience
- One to three years of work experience, ideally to include an investment organization, such as an endowment, foundation, hedge fund, mutual fund, private equity fund, or trading desk.
Knowledge, Skills and Abilities
- Strong orientation to detail and accuracy and excellent organizational skills
- Ability to work effectively under pressure
- Strong and demonstrated quantitative and analytical skills
- Excellent written and oral communication skills
- Demonstrated ability to be a self-starter, multi-task, and work well both independently and as a member of a team
- High degree of integrity and honesty
- Comfort with Microsoft Excel or similar tools to analyze large amounts of data
- Familiarity with Microsoft Word, PowerPoint, and Outlook
Compensation and Benefits
The position is full-time. The starting salary range for this position based in California is $90,000 to $100,000 annually, not including annual incentive award opportunity. 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.
To Apply
To apply, please prepare a cover letter and resume and submit your application here.
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. The Investments team is expected to be in person three days per week.
Equal Employment Opportunity
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.