Director, Accounting & Finance
University of Utah
Salt Lake City, UT
Full-time
Accounting
Posted on April 2, 2024
Announcement
Details
Open Date
03/28/2024
Requisition Number
PRN38089B
Job Title
Director, Accounting & Finance
Working Title
Director, Venture Capital and Impact Investing
Job Grade
H
FLSA Code
Executive
Patient Sensitive Job Code?
No
Standard Hours per Week
40
Full Time or Part Time?
Full Time
Shift
Day
Work Schedule Summary
VP Area
Academic Affairs
Department
01691 - Sorenson Impact Institute
Location
Campus
City
Salt Lake City, UT
Type of Recruitment
External Posting
Pay Rate Range
$130k - $150k commensurate with experience
Close Date
Open Until Filled
Yes
Job Summary
ABOUT US
Housed at the University of Utah David Eccles School of Business, the Sorenson Impact Institute advances global impact through innovation in impact investing and finance, public policy, and corporate and social sector behavior. In addition to guiding capital allocation, we utilize world-class data science and impact storytelling as key tools in this effort. As part of our mission to train future impact leaders, the Institute integrates academic programming and experiential learning into each of its practice areas, including through our innovative Venture Capital & Impact Investing program which provides students from all backgrounds with deep, hands-on experience participating in all phases of the venture capital investment process. To further our mission and facilitate collaboration in the impact ecosystem, the Institute also hosts the annual Sorenson Impact Summit.
POSITION OVERVIEW
The Sorenson Impact Institute's Venture Capital & Impact Investing team seeks a Director to join our Salt Lake City-based, venture investing and student training program. The Director will be primarily responsible for managing the Joan and Tim Fenton Founders Fund, an early-stage venture fund housed within the Impact Investing program that is focused on catalyzing innovation in the Utah tech ecosystem. We're seeking a team member with 7+ years of experience in venture or related fields and a commitment to training and mentoring students. The right candidate is a leader and a teacher – entrepreneurial, bold, creative, and can excel in a fast-paced, startup environment.
The Director will play a leadership role on the team and report to the program's Managing Director. With a primary focus on the Joan and Tim Fenton Founders Fund, the Director will source new investments, lead due diligence, structure deal terms, and close investments – all while training and mentoring student interns.
The ideal candidate is a seasoned investment professional with experience across the lifecycle of an investment and a fund. This includes fundraising and portfolio construction; sourcing, underwriting, and executing new investments; and running portfolio operations. Candidates should have a strong commitment to impact and bring an entrepreneurial and innovative approach to the role. The Director should also have a passion for teaching and mentoring, as training and inspiring the next generation of venture capital and impact investing professionals is core to our work.
Responsibilities
● Mentor and Train Student Interns
○ Mentor student interns as they gain exposure and experience in venture capital
and impact investing
○ Teach underwriting and due diligence processes to a rotating group of student
interns
○ Contribute to recruitment and training activities for new student interns
● Early-stage Venture Investing
○ Identify, maintain, and prioritize a pipeline of early-stage venture investment
opportunities for the Joan and Tim Fenton Founders Fund
○ Conduct comprehensive due diligence and investment analysis
○ Oversee preparation and presentation of investment opportunity materials to the
Joan and Tim Fenton Founders Fund Investment Committee
● Portfolio Management
○ Lead strategic initiatives to improve investment thesis and portfolio construction
○ Develop and maintain relationships with portfolio companies
○ Track performance for annual reporting and provide support as needed
● Portfolio Operations
○ Manage quarterly and annual financial reporting
○ Liaise with service providers for audit, taxes, insurance, etc.
● Relationship Development and Management
○ Build and maintain a network with investment professionals at other VC firms
○ Support fundraising and strategic partnership initiatives
Minimum Qualifications
Bachelor's degree in Business Administration, Health Care Administration or related area, or equivalency (one year of education can be substituted for two years of related work experience); eight years of progressively more responsible management experience; and demonstrated leadership, human relations and effective communications skills required. Applicants must demonstrate the potential ability to perform the essential functions of the job as outlined in the position description.
Preferences
MINIMUM QUALIFICATIONS
● Bachelor's degree
● 7+ years of transactional experience in venture capital, private equity, or investment
management; or 7+ years in relevant non-finance fields, including financial or operational
experience in early-stage businesses or fund management, if the candidate has at least 3
years of transactional deal experience
● Excellent written and oral communication skills
● Applicants must demonstrate the potential ability to perform the essential functions of the
job as outlined in the position description.
PREFERENCES
● Experience across equity and debt investing
● Masters degree in business administration, finance, accounting, or related field
● Mentorship or teaching experience
● Demonstrated leadership experience
● Ability to collaborate and function effectively on a highly motivated and entrepreneurial
team
Type
Benefited Staff
Special Instructions Summary
The Sorenson Impact Institute strongly encourages applicants of all backgrounds and communities to apply.
Additional Information
The University is a participating employer with Utah Retirement Systems (“URS”). Eligible new hires with prior URS service, may elect to enroll in URS if they make the election before they become eligible for retirement (usually the first day of work). Contact Human Resources at (801) 581-7447 for information. Individuals who previously retired and are receiving monthly retirement benefits from URS are subject to URS' post-retirement rules and restrictions. Please contact Utah Retirement Systems at (801) 366-7770 or (800) 695-4877 or University Human Resource Management at (801) 581-7447 if you have questions regarding the post-retirement rules.
This position may require the successful completion of a criminal background check and/or drug screen.
The University of Utah values candidates who have experience working in settings with students and patients from all backgrounds and possess a strong commitment to improving access to higher education and quality healthcare for historically underrepresented students and patients.
All qualified individuals are strongly encouraged to apply. Veterans' preference is extended to qualified applicants, upon request and consistent with University policy and Utah state law. Upon request, reasonable accommodations in the application process will be provided to individuals with disabilities.
The University of Utah is an Affirmative Action/Equal Opportunity employer and does not discriminate based upon race, ethnicity, color, religion, national origin, age, disability, sex, sexual orientation, gender, gender identity, gender expression, pregnancy, pregnancy-related conditions, genetic information, or protected veteran's status. The University does not discriminate on the basis of sex in the education program or activity that it operates, as required by Title IX and 34 CFR part 106. The requirement not to discriminate in education programs or activities extends to admission and employment. Inquiries about the application of Title IX and its regulations may be referred to the Title IX Coordinator, to the Department of Education, Office for Civil Rights, or both.
To request a reasonable accommodation for a disability or if you or someone you know has experienced discrimination or sexual misconduct including sexual harassment, you may contact the Director/Title IX Coordinator in the Office of Equal Opportunity and Affirmative Action ( OEO/AA). More information, including the Director/Title IX Coordinator's office address, electronic mail address, and telephone number can be located at: https://www.utah.edu/nondiscrimination/
Online reports may be submitted at oeo.utah.edu
https://safety.utah.edu/safetyreport This report includes statistics about criminal offenses, hate crimes, arrests and referrals for disciplinary action, and Violence Against Women Act offenses. They also provide information about safety and security-related services offered by the University of Utah. A paper copy can be obtained by request at the Department of Public Safety located at 1658 East 500 South.
Posting Specific Questions
Required fields are indicated with an asterisk (*).
Required Documents
Details
Open Date
03/28/2024
Requisition Number
PRN38089B
Job Title
Director, Accounting & Finance
Working Title
Director, Venture Capital and Impact Investing
Job Grade
H
FLSA Code
Executive
Patient Sensitive Job Code?
No
Standard Hours per Week
40
Full Time or Part Time?
Full Time
Shift
Day
Work Schedule Summary
VP Area
Academic Affairs
Department
01691 - Sorenson Impact Institute
Location
Campus
City
Salt Lake City, UT
Type of Recruitment
External Posting
Pay Rate Range
$130k - $150k commensurate with experience
Close Date
Open Until Filled
Yes
Job Summary
ABOUT US
Housed at the University of Utah David Eccles School of Business, the Sorenson Impact Institute advances global impact through innovation in impact investing and finance, public policy, and corporate and social sector behavior. In addition to guiding capital allocation, we utilize world-class data science and impact storytelling as key tools in this effort. As part of our mission to train future impact leaders, the Institute integrates academic programming and experiential learning into each of its practice areas, including through our innovative Venture Capital & Impact Investing program which provides students from all backgrounds with deep, hands-on experience participating in all phases of the venture capital investment process. To further our mission and facilitate collaboration in the impact ecosystem, the Institute also hosts the annual Sorenson Impact Summit.
POSITION OVERVIEW
The Sorenson Impact Institute's Venture Capital & Impact Investing team seeks a Director to join our Salt Lake City-based, venture investing and student training program. The Director will be primarily responsible for managing the Joan and Tim Fenton Founders Fund, an early-stage venture fund housed within the Impact Investing program that is focused on catalyzing innovation in the Utah tech ecosystem. We're seeking a team member with 7+ years of experience in venture or related fields and a commitment to training and mentoring students. The right candidate is a leader and a teacher – entrepreneurial, bold, creative, and can excel in a fast-paced, startup environment.
The Director will play a leadership role on the team and report to the program's Managing Director. With a primary focus on the Joan and Tim Fenton Founders Fund, the Director will source new investments, lead due diligence, structure deal terms, and close investments – all while training and mentoring student interns.
The ideal candidate is a seasoned investment professional with experience across the lifecycle of an investment and a fund. This includes fundraising and portfolio construction; sourcing, underwriting, and executing new investments; and running portfolio operations. Candidates should have a strong commitment to impact and bring an entrepreneurial and innovative approach to the role. The Director should also have a passion for teaching and mentoring, as training and inspiring the next generation of venture capital and impact investing professionals is core to our work.
Responsibilities
● Mentor and Train Student Interns
○ Mentor student interns as they gain exposure and experience in venture capital
and impact investing
○ Teach underwriting and due diligence processes to a rotating group of student
interns
○ Contribute to recruitment and training activities for new student interns
● Early-stage Venture Investing
○ Identify, maintain, and prioritize a pipeline of early-stage venture investment
opportunities for the Joan and Tim Fenton Founders Fund
○ Conduct comprehensive due diligence and investment analysis
○ Oversee preparation and presentation of investment opportunity materials to the
Joan and Tim Fenton Founders Fund Investment Committee
● Portfolio Management
○ Lead strategic initiatives to improve investment thesis and portfolio construction
○ Develop and maintain relationships with portfolio companies
○ Track performance for annual reporting and provide support as needed
● Portfolio Operations
○ Manage quarterly and annual financial reporting
○ Liaise with service providers for audit, taxes, insurance, etc.
● Relationship Development and Management
○ Build and maintain a network with investment professionals at other VC firms
○ Support fundraising and strategic partnership initiatives
Minimum Qualifications
Bachelor's degree in Business Administration, Health Care Administration or related area, or equivalency (one year of education can be substituted for two years of related work experience); eight years of progressively more responsible management experience; and demonstrated leadership, human relations and effective communications skills required. Applicants must demonstrate the potential ability to perform the essential functions of the job as outlined in the position description.
Preferences
MINIMUM QUALIFICATIONS
● Bachelor's degree
● 7+ years of transactional experience in venture capital, private equity, or investment
management; or 7+ years in relevant non-finance fields, including financial or operational
experience in early-stage businesses or fund management, if the candidate has at least 3
years of transactional deal experience
● Excellent written and oral communication skills
● Applicants must demonstrate the potential ability to perform the essential functions of the
job as outlined in the position description.
PREFERENCES
● Experience across equity and debt investing
● Masters degree in business administration, finance, accounting, or related field
● Mentorship or teaching experience
● Demonstrated leadership experience
● Ability to collaborate and function effectively on a highly motivated and entrepreneurial
team
Type
Benefited Staff
Special Instructions Summary
The Sorenson Impact Institute strongly encourages applicants of all backgrounds and communities to apply.
Additional Information
The University is a participating employer with Utah Retirement Systems (“URS”). Eligible new hires with prior URS service, may elect to enroll in URS if they make the election before they become eligible for retirement (usually the first day of work). Contact Human Resources at (801) 581-7447 for information. Individuals who previously retired and are receiving monthly retirement benefits from URS are subject to URS' post-retirement rules and restrictions. Please contact Utah Retirement Systems at (801) 366-7770 or (800) 695-4877 or University Human Resource Management at (801) 581-7447 if you have questions regarding the post-retirement rules.
This position may require the successful completion of a criminal background check and/or drug screen.
The University of Utah values candidates who have experience working in settings with students and patients from all backgrounds and possess a strong commitment to improving access to higher education and quality healthcare for historically underrepresented students and patients.
All qualified individuals are strongly encouraged to apply. Veterans' preference is extended to qualified applicants, upon request and consistent with University policy and Utah state law. Upon request, reasonable accommodations in the application process will be provided to individuals with disabilities.
The University of Utah is an Affirmative Action/Equal Opportunity employer and does not discriminate based upon race, ethnicity, color, religion, national origin, age, disability, sex, sexual orientation, gender, gender identity, gender expression, pregnancy, pregnancy-related conditions, genetic information, or protected veteran's status. The University does not discriminate on the basis of sex in the education program or activity that it operates, as required by Title IX and 34 CFR part 106. The requirement not to discriminate in education programs or activities extends to admission and employment. Inquiries about the application of Title IX and its regulations may be referred to the Title IX Coordinator, to the Department of Education, Office for Civil Rights, or both.
To request a reasonable accommodation for a disability or if you or someone you know has experienced discrimination or sexual misconduct including sexual harassment, you may contact the Director/Title IX Coordinator in the Office of Equal Opportunity and Affirmative Action ( OEO/AA). More information, including the Director/Title IX Coordinator's office address, electronic mail address, and telephone number can be located at: https://www.utah.edu/nondiscrimination/
Online reports may be submitted at oeo.utah.edu
https://safety.utah.edu/safetyreport This report includes statistics about criminal offenses, hate crimes, arrests and referrals for disciplinary action, and Violence Against Women Act offenses. They also provide information about safety and security-related services offered by the University of Utah. A paper copy can be obtained by request at the Department of Public Safety located at 1658 East 500 South.
Posting Specific Questions
Required fields are indicated with an asterisk (*).
- * Do you have a related Bachelor's degree or equivalency? (2 years related work experience may be substituted for 1 year of education)
- Yes
- No
- * Do you have at least 8 years of progressively more responsible management experience?
- Yes
- No
Required Documents
- Resume
- Cover Letter
- Appropriate discharge document (such as a DD-214 – Member Copy 4) – Veteran Only – Call 801.581.2169
- Addendum to the University of Utah - Veteran Only - Call 801.581.2169 after submission
