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Director, FP&A



Berkeley, CA, USA
Posted on Tuesday, August 8, 2023
About us
Based in Berkeley, CA, UPSIDE Foods grows meat, poultry, and seafood directly from animal cells. These products are not vegan or vegetarian—they are delicious meat, made without the need to raise and slaughter billions of animals. In a historic first, UPSIDE Foods received regulatory approval to sell its product in the US in June 2023.
Founded as the world’s first cultivated meat company in 2015, UPSIDE Foods (formerly Memphis Meats) has achieved numerous industry-defining milestones, including being the first company to produce multiple species of meat (beef, chicken, and duck). The company believes that people shouldn’t have to choose between the foods they love and a thriving planet, and is working to build a better food system with access to delicious, humane, and sustainable meat, poultry, and seafood. UPSIDE Foods has won various industry awards, including New York Times’ Good Tech Awards, FastCo’s Next Big Thing in Tech, and the Best and Brightest Companies to Work For in the Nation by the National Association for Business Resources. UPSIDE Foods has raised a total of $608 million, including from the Abu Dhabi Growth Fund (ADG), Baillie Gifford, Bill Gates, Cargill, John Doerr, John Mackey, Kimbal and Christiana Musk, Norwest, Richard Branson, Softbank, Temasek, Threshold, Tyson Foods, and others.
About this job
In this newly created role, you will help build out the finance function at UPSIDE as we move into the next phase of our growth and commercialization. You’ll be responsible for leading the planning and analytics - from developing and maintaining monthly forecasts for each department, analyzing actual results, and developing reporting to provide valuable insights in a timely manner. You will identify trends and issues and problem solve to improve the quality of our financial results, reporting and processes.
As a largely pre-revenue company, this will involve closely managing our cash runway, identifying levers to extend our runway, working with budget owners to track operating and capital expenses, and partnering cross-functionally to develop a more disciplined financial approach across the business. You will also continuously improve and develop our budgeting and forecasting process to provide valuable, actionable insights to both departments and senior management. On an annual basis, you will help with the budgeting process and long-range planning and refresh this regularly based on the needs of the business.
Responsibilities include
  • Own and manage the Company’s financial budgeting model (inputs and outputs). This will include partnering with department owners to gather budget requests, aggregate and validate budgeting data, drive operational analysis and budget versus actual reviews.
  • Participate in and help to drive the quarterly/annual budgeting and planning process, as well as long-range strategic planning.
  • Support the Company’s financial reporting and analytical data requests; help develop key scorecards that provide senior management with insights into the health of the business and enable the company to meet its monthly, quarterly, and annual objectives.
  • Prepare financial reports such as board slides and budget vs actual analysis and support development of annual business plans.
  • Design and oversee a capex process to ensure appropriate prioritization of resources and subsequent tracking of such investments.
  • Work closely with the People function to ensure accurate tracking and reconciliation of headcount and hiring.
  • Support maintenance and updates to the company’s financial models.
  • Oversee FP&A systems execution and updates and leverage technology to provide more robust analysis, self-service reporting, and to automate manual tasks.
  • Additional ad hoc projects, financial modeling, and analysis as needed.
  • Manage an FP&A analyst (to be hired) and provide coaching and development (as well as production of reports and analysis).
About you
  • 15+ years of related FP&A or Finance experience (experience in high growth companies in the food, biotech, consumer or manufacturing preferred).
  • BS/BA in Finance, Engineering, or Accounting, MBA preferred.
  • Strong Excel/Google numbers skills required, as is Powerpoint or Google slides proficiency
  • System savvy and have experience working with forecasting and reporting systems, and comfortable with aggregating and manipulating large data sets from multiple systems to derive insightful analysis and create financial models.
  • Excellent communication skills with strong problem solving, analytical, and systems skills.
  • Demonstrated ability to roll up sleeves and work collaboratively with a team and also work independently and prioritize competing initiatives.
Who you’ll work with
  • This role will partner with every function in the company! It’s a rare opportunity to learn about all parts of the business and industry.
  • On a day-to-day basis the FP&A Director will work closely with the interim CFO and the COO, as well as leadership across the company to ensure that the budgeting and forecasting process is robust and reliable. This role will help with month-end financial reporting as well as provide valuable insights on monthly variances to budgets.
Key Contributions in First Year
  • Take full ownership of the Company financial models
  • Take full ownership of monthly meetings with department heads and BVA analysis
  • Streamline budgeting process to reduce burden on department heads and budget administrators
  • Ensure accuracy of tracking and improved processes to enable better runway management and cash preservation
Compensation Range: $169,000 - $225,000*
*Pay may vary depending on factors including job-related knowledge and skills.

UPSIDE Benefits!
  • Stock options for all full-time incoming team members!
  • 90-100% employer-paid healthcare premiums for team members (medical [including HSA and FSA], dental, and vision)
  • Pet insurance for your furry family members!
  • Unlimited PTO
  • DE&I (Diversity, Equity & Inclusion) Council and People Engagement Programs
  • Company-sponsored learning & development opportunities

UPSIDE Foods is an equal opportunity employer and we value diversity at our company. We do not discriminate on the basis of race, religion, color, national origin, gender, sexual orientation, age, marital status, veteran status, or disability status. Our company-wide mission is to create a product for everyone, so we are deeply committed to having teams and leaders that reflect this mission.