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    Finance Director - Palo Alto, CA, United States - Arc Institute

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    Description

    The Arc Institute is a new scientific institution that conducts curiosity-driven basic science and technology development to understand and treat complex human diseases.

    Headquartered in Palo Alto, California, Arc is an independent research organization founded on the belief that many important research programs will be enabled by new institutional models.

    Arc operates in partnership with Stanford University, UCSF, and UC Berkeley.

    Funding:

    Arc will fully fund Core Investigator's (PI's) research groups, liberating scientists from the typical constraints of project-based external grants.

    Biomedical research has become increasingly dependent on complex tooling


    Support:

    Arc aims to provide first-class support—operationally, financially and scientifically—that will enable scientists to pursue long-term high risk, high reward research that can meaningfully advance progress in disease cures, including neurodegeneration, cancer, and immune dysfunction.

    We aim to create a culture that is focused on scientific curiosity, a deep commitment to truth, broad ambition, and selfless collaboration.

    With $650M+ in committed funding and a state of the art new lab facility in Palo Alto, Arc will continue to grow quickly to several hundred in the coming years.

    Arc is hiring a Head of Finance to play an important leadership role in our growth over the coming years.

    The finance team at Arc is deeply integrated into science and operations, helping steward our resources, plan and execute flawlessly, and collaborate with our academic partners at Stanford, Berkeley, and UCSF.

    You will work closely with Arc's founders, our Core Investigators, Technology Centers, and operations leaders to build great tools and systems, manage our financial priorities, and make critical strategic decisions.

    You will manage a small team and serve on our senior leadership team, reporting to Arc's COO.

    You can apply your skills in many places, but you want to contribute to breakthroughs that could save lives and help people.

    You live in the details. You believe finance is about people. A spreadsheet is only as good as what decision it helps you make. Provide advanced subject matter expertise and guidance regarding all finance-related decisions for an organization in fast growth and with a high level of structural complexity
    Manage the finance organization, delivering FP&A and other day to day finance needs
    Work closely with our Core Labs and Technology Centers to help them understand their budgets and spend, supporting thoughtful and impactful procurement
    Build a long term roadmap for the finance team and set ambitious strategic goals in our quarterly planning process
    Lead critical projects including annual non-profit audit, tax filings, annual budget and headcount process, and transactions including investment in spinouts and IP licensing deals
    Collaborate with our University Relations and Legal teams to manage external grants to our affiliates and partners
    Work with Arc's donors to provide updates and financial projections to ensure smooth cash flow
    Educational background in finance, accounting, economics, or business
    ~10+ years of experience in complicated corporate or academic finance environments with FP&A leadership experience.
    ~Expertise with financial software systems, including implementing, using, and improving an ERP
    ~ Strength in modeling for and reporting to stakeholders with minimal finance context
    ~ Understanding of lab environments and academic or biotechnology operations is a plus

    The actual base compensation paid to any individual for this position may vary depending on factors such as experience, market conditions, education/training, skill level, and whether the compensation is internally equitable, and does not include bonuses, commissions, differential pay, other forms of compensation, or benefits.

    This position is also eligible to receive an annual discretionary bonus, with the amount dependent on individual and institute performance factors.

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