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Director, Equity Solutions Group (6617U) - 15825
University of California Berkeley
Director, Equity Solutions Group (6617U) - 15825
University of California Berkeley
 Director, Equity Solutions Group (6617U) - 15825 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
Required Qualifications
Education/Training:
Preferred Qualifications
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/ 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 Copyright 2017 Jobelephant.com Inc. All rights reserved. Posted by the FREE value-added recruitment advertising agency jeid-6f6a247416ef5e4ea68ccd6159aaf6a2
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Internal Number: 2171283
About University of California Berkeley
The University of California was chartered in 1868 and its flagship campus - envisioned as a "City of Learning" - was established at Berkeley, on San Francisco Bay. Today the world's premier public university and a wellspring of innovation, UC Berkeley occupies a 1,232 acre campus with a sylvan 178-acre central core. From this home its academic community makes key contributions to the economic and social well-being of the Bay Area, California, and the nation.
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