Schmidt Futures is a philanthropic initiative, founded by Eric and Wendy Schmidt, that bets early on exceptional people making the world better.  We knit talent into networks, bet on the most promising ideas through diverse forms of competition and support, and equip people to scale through partners and modern tools. To realize this vision, Schmidt Futures uses a broad set of tools — including gifts, grants, investments, and startup activity — for charitable, educational, and commercial efforts with a public purpose. Our initiative brings together the efforts of various charitable and non-charitable entities to improve our potential impact by making diverse types of capital available to the efforts we support.

The Role

Reporting to and working closely with the VP, Finance & Administration, the Director, Finance is responsible for resource planning and financial oversight relating to all activities of Futures Action Network, LLC (FAN), which operates Schmidt Futures and related activities. The Director will design and implement annual budgeting and quarterly reforecasting processes and work closely with the leadership team on financial analysis in support of strategic business decisions. Additionally, the Director of Finance will help to ensure effective and positive partnership between Schmidt Futures and the broader shared service accounting and treasury teams in the family office, which serves Schmidt Futures and other philanthropic and non-philanthropic initiatives. In this role, the Director, Finance will help to prioritize shared service resources as needed, facilitate business decisions regarding the structuring of our philanthropic support to key programs, and resolve other issues as they arise.

This is an opportunity for an experienced professional to leverage their expertise in finance and/or strategy to shape our Finance function and help supercharge the impact of a high-growth, mission-driven organization.

Key Responsibilities:

Financial Planning and Analysis

  • Lead a review of FAN financial processes to identify opportunities to increase transparency, improve operational efficiency, and reduce administrative burden for program and functional leaders.
  • As part of the above review, assess potential software upgrades, particularly for budgeting and financial forecasting.
  • Manage organization-wide annual budgeting and quarterly reforecasting, coordinating the efforts of the Finance team to ensure that program and function-level submissions roll up into an integrated work product, assess those submissions against organizational benchmarks, and ultimately prepare a final product for review by the broader Schmidt Futures leadership team and by other key stakeholders.
  • Partner with the Head of Strategy to experiment with different strategies for outcomes-based budgeting and other potential methods to facilitate organization-wide prioritization of financial outlays; partner with FAN leadership assessing financial expenditure to develop frameworks for evaluating the cost-effectiveness of past spend that reflect varying time horizons for impact

Strategic and Operational Planning Support

  • Lead the preparation of analyses to inform strategic decisions and work with the broader FAN leadership team to build associated financial plans for each option.
  • Facilitate decisions regarding the funding sources and financial structures for new programs and grants, ensuring that those decisions are ultimately reflected in policies/practices and our accounting systems. 
  • Develop benchmarks and other methods for evaluating the cost-efficiency of grants, contracts, and other expenditures.

Financial Operations

  • Track org-wide KPIs for our financial operations (grantmaking, operational spending, time billing) and help identify solutions where those KPIs do not align with organizational targets.
  • Serve as the manager of our Accounts Payable Associate.

Knowledge, skills, and abilities

  • Proven track record of success leading teams of people conducting complex financial analysis, management, and budgeting.
  • Project management skills, including capabilities to manage complex stakeholders and ensure effective implementation.
  • Exceptional problem-solving skills, for both conceptual and analytical problems;
  • Energetic, flexible, collaborative, and proactive partner.
  • Demonstrated teamwork ability and record of impact in high-intensity, team-based environments.
  • Values-based, collaborative working style with a demonstrated commitment to the highest standards of ethics and confidentiality.
  • Strong written and verbal communication skills.

Requirements

  • Have led work in an FP&A role in a high-growth organization, as a management consultant, or in a similarly fast-paced and entrepreneurial work environment.
  • Hold a graduate degree, especially in law or management; this is a plus but not required.
  • Have the ability to operate as an effective tactical as well as strategic thinker.
  • Be based in the Schmidt Futures offices in New York or Washington, D.C., and be able to travel within the U.S. and internationally on a regular basis as needed following company policy and permitting circumstances.

About Schmidt Futures

Futures Action Network, LLC, which operates Schmidt Futures, is an Equal Employment Opportunity employer that proudly pursues and hires a diverse workforce. We do not make hiring or employment decisions on the basis of race, color, religion or religious belief, ethnic or national origin, nationality, sex, gender, gender-identity, sexual orientation, disability, age, military or veteran status, or any other basis protected by applicable local, state, or federal laws or prohibited by Company policy. We strive for a healthy and safe workplace and strictly prohibit harassment of any kind.