Strategic Ventures - Senior Associate
- Employer
- Allstate Insurance Company
- Location
- Northbrook, Illinois
- Salary
- Not Specified
- Closing date
- Mar 16, 2019
View more
- Category
- IT
- Job Type
- Not Specified
- Career Level
- Not Specified
Job Details
Where good people build rewarding careers.
Think that working in the insurance field cant be exciting, rewarding and challenging? Think again. Youll help us reinvent protection and retirement to improve customers lives. Well help you make an impact with our training and mentoring offerings. Here, youll have the opportunity to expand and apply your skills in ways you never thought possible. And youll have fun doing it. Join a company of individuals with hopes, plans and passions, all using and developing our talents for good, at work and in life.
Job Description
Allstate Strategic Ventures is responsible for corporate venturing activities that deliver both strategic and financial value through minority investments, business partnerships, and other strategic relationships. The focus of the group is to accelerate Allstates business strategies and create new business opportunities by accessing emerging markets, capabilities, products/services, and talent.
Internally, the team works with leaders across the business to identify key investment focus areas and priorities to focus investment and business development efforts as well as coordinate the interaction between Allstate and investment portfolio companies.
Externally, the team works with venture capital firms, incubators/accelerators, universities, entrepreneurs, and other third parties to identify technologies, capabilities, companies, and management teams that help us to strategically grow and transform our business.
Job Summary:
This role will contribute to the Strategic Ventures team with sourcing and evaluating start-ups, leading due diligence efforts, assisting with structuring, negotiating and managing investment opportunities globally. Sr. Associate will be expected to demonstrate strong leadership and project management skills, critical thinking skills, and internal management skills while working with the senior management team in identifying and executing strategic transactions.
Key Responsibilities:
- Directs screening processes to vet deals through strategic, financial and investment value considerations and provide recommendations
- Manages in-depth company and market assessments and due diligence that would cover a review of the target companys management team, operations, company financials, legal documents, etc.
- Creates and manages comprehensive financial models for individual start-ups as well as venture capital portfolio as a whole
- Leads development of Investment Memos and Presentations for the Investment Committee
- Provides leadership and critical input at every stage of the process when working closely with the internal business units including structuring of the Test Agreements and POCs
- Possesses meaningful industry specific expertise
- Monitors the development of networks within the VC community, accelerators, universities and research centers in North America and Europe
- Sources quality deals through networking and build a robust deal flow pipeline
- Oversees on-going relationships with portfolio companies and provides access to the business units to enhance strategic and financial benefits to Allstate
- Provides guidance and leadership to junior resources
- Develops exit recommendations for Investment Committee review
- Contributes to developing SVs strategic plan and direction
Supervisory Responsibilities:
- This job may have 1 to 2 direct reports
Job Qualifications
Preferred Qualifications:
Education and Experience
- 8 or more years of related experience; preferred candidates will have experience in venture capital/private equity investing, investment banking, top tier management consulting or working for an accelerator or start-up in more senior capacity
- Bachelor's Degree or equivalent experience; preferred candidates will have Masters degree
Functional Skills
- Familiarity with the start-up/VC environment
- Strong understanding of financial valuation, planning and analysis for venture capital investments, M&A and joint venture
- Technology and operational experience
- Demonstrable experience in performing qualitative and quantitative analysis in tight timeframes and simultaneously juggling multiple workstreams
- Team first attitude and a commitment to work in a highly collaborative environment
- High level of proficiency in Excel, Word and PowerPoint
- Strong written and oral communication skills
- Industry specific expertise
- Ability to work closely with internal business partners
- Has skills needed to help start-ups navigate internal processes and assist in managing POCs
- Must be ethical and honest, possess high integrity and be trustworthy
Good Work. Good Life. Good Hands.
As a Fortune 100 company and industry leader, we provide a competitive salary but thats just the beginning. Our Total Rewards package also offers benefits like tuition assistance, medical and dental insurance, as well as a robust pension and 401(k). Plus, youll have access to a wide variety of programs to help you balance your work and personal life -- including a generous paid time off policy.
Learn more about life at Allstate. Connect with us on Twitter, Facebook, Instagram and LinkedIn or watch a video.
Allstate generally does not sponsor individuals for employment-based visas for this position.
Effective July 1, 2014, under Indiana House Enrolled Act (HEA) 1242, it is against public policy of the State of Indiana and a discriminatory practice for an employer to discriminate against a prospective employee on the basis of status as a veteran by refusing to employ an applicant on the basis that they are a veteran of the armed forces of the United States, a member of the Indiana National Guard or a member of a reserve component.
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It is the policy of Allstate to employ the best qualified individuals available for all jobs without regard to race, color, religion, sex, age, national origin, sexual orientation, gender identity/gender expression, disability, and citizenship status as a veteran with a disability or veteran of the Vietnam Era.
Company
- Website
- https://www.allstate.com/
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