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Strategic Ventures - Senior Associate

Employer
Allstate Insurance Company
Location
Northbrook, Illinois
Salary
Not Specified
Closing date
Mar 16, 2019

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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
The candidate(s) offered this position will be required to submit to a background investigation, which includes a drug screen.

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.

For jobs in San Francisco, please click "here" for information regarding the San Francisco Fair Chance Ordinance.

For jobs in Los Angeles, please click "here" for information regarding the Los Angeles Fair Chance Initiative for Hiring Ordinance.

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

COMPANY INFORMATION The Allstate Corporation (NYSE: ALL) protects people from life's uncertainties with more than 113 million proprietary policies. Allstate offers a broad array of protection products through multiple brands and diverse distribution channels, including auto, home, life and other insurance offered through its Allstate, Esurance, Encompass, SquareTrade and Answer Financial brands. Allstate is widely known from the slogan "You're in Good Hands with Allstate." The Allstate Corporation is the largest publicly held personal lines property and casualty insurer in America. Allstate was founded in 1931 and became a publicly traded company in 1993. In 2023, Allstate was number 84 on the Fortune 500 list of largest companies in America. WHAT WE DO We’re more than insurance agents and claims representatives. We’re individuals with hopes, plans and passions. The biggest of which is helping people live smarter, safer lives. Doing so means continuing to re-imagine how we do what we do, the impact we can make on the world, ways we can each succeed in our own careers and actions we can take as a company that are good for all. To do that, we need all kinds of people – including lawyers, accountants, building engineers, project managers, marketing professionals, human resource specialists and so many more. WHO WE ARE – INCLUSIVE DIVERSITY    We hold each other accountable to encourage and embrace our collective differences. It’s our individual characteristics, values and beliefs, along with backgrounds and experiences that give us fresh perspective and purpose. We work harder, meet customer needs more effectively, share better, and identify more innovative ideas when we are accepted for who we are by the world around us. Our success comes from a chorus of many different voices. At Allstate, every voice counts.​ In our stand against racism, we’ve been making changes within Allstate. We’ve been listening, learning and engaging in change. We are focused on improving equity for all. Allstate is committed to long-term change not only in the way we conduct our business, but also for our employees. There’s a dynamic environment waiting for you here. You’ll find people with similar interests, as well as the many who’ll help expand your horizons. We believe in the power of connections. That’s why Allstate promotes diversity through a robust network of employee resource groups. It helps connect us all and supports our unique talents. Here are some of the available resource groups that actively support our employees: Abilities Beyond Limitations & Expectations African American Working Network Allstate Asian American Network Allstate Foster and Adoption Network Allstate PRIDE Allstate Veterans Engagement Team and Supporters Allstate Women’s Information Network Entrepreneurs at Allstate Families at Allstate Matter Native American Peoples at Allstate Professional Latino Allstate Network Young Professionals Organization WHY JOIN OUR COMPANY Allstate has been protecting people from life's uncertainties since 1931. We continuously develop and improve products and services so our customers can live well protected. For employees, we offer an environment that fosters innovative thinking and collaboration - where you'll be able to explore your ideas and feel proud of the work you do.  Our Benefits Allstate is dedicated to helping employees live happier and healthier lives. As a Fortune 100 company and industry leader, we provide a competitive salary and a benefits package that includes medical and dental insurance, tuition assistance, as well as a robust pension and 401(k). Plus, you'll have access to a wide variety of programs to help you balance your work and personal life - including a generous paid time off policy.  Growth and Development We support your desire to grow and provide opportunities to learn, explore new horizons, and follow your passion in a meaningful career. From access to hundreds of learning opportunities to in-house networking and rotational work experiences, Allstate is a place where you can forge your own path and expand your personal and professional potential. 
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