Overview
We are not just offering a job but a meaningful career! Come join our passionate team!
As a Fortune 50 company, we hire the best employees to serve our customers, making us a leader in the insurance and financial services industry. State Farm embraces diversity and inclusion to ensure a workforce that is engaged, builds on the strengths and talents of all associates, and creates a Good Neighbor culture.
We offer competitive benefits and pay with the potential for an annual financial award based on both individual and enterprise performance. Our employees have an opportunity to participate in volunteer events within the community and engage in a learning culture. We offer programs to assist with tuition reimbursement, professional designations, employee development, wellness initiatives, and more!
Visit our Careers page for more information on our benefits, locations and the process of joining the State Farm team!
HYBRID: Qualified candidates (in or near location listed below) should plan to spend time most of their time working in the office and some time working from home as part of our hybrid work environment.
LOCATION: Bloomington, IL SPONSORSHIP: Applicants are required to be eligible to lawfully work in the U.S. immediately; employer will not sponsor applicants for U.S. work authorization (e.g. H-1B visa) for this opportunity.
Responsibilities State Farm Ventures is our venture capital arm, and empowers innovative companies to create a better future for us all. The Ventures Manager cultivates and nurtures new and existing relationships with start-up companies, venture capital firms and accelerators to gain insights on potential targets for investment. Working closely with our Scouting team, the Ventures Manager is keenly aware of leading edge fintech and insurtech products in which to invest and analyzes business plans, performs business, financial, and industry due diligence on potential transactions, including working with internal and external counsel on deal documents.
As a Ventures Manager you will get to:
Represent State Farm and foster strong relationships with a variety of key external industry contacts including venture capital firms, startups, accelerators, incubators, universities, vendors and other organizations Build State Farm network in local ecosystems; benchmark best practices, and develop key critical relationships to enable future new business concepts Maintain awareness of industry direction related to architecture and technology solutions to ensure alignment with strategic enterprise roadmaps Maintain a high degree of business acumen and understanding of business area pain points, needs of end users and external customers and uses this knowledge to strategically forecast demand for new solutions and services Demonstrate appropriate level of knowledge and understanding of technology and/or business processes, enterprise risk activities, associated issues and alignment with our organizational strategies Consult with senior leaders regarding the relationship between external trends and company strategies Qualifications Bachelor's Degree required, advanced degree and/or Financial Designation preferred Strong ability to own activities to completion, while balancing focus across many competing priorities. A thoughtful and highly analytical mindset balanced with strong people skills to enable effective expression of well-informed viewpoints while positively representing State Farm Ventures in the market. Initiative to learn new things and create new value in a collaborative team environment Strong work ethic and demonstrated passion for the rapidly advancing technology landscape within and adjacent to financial services Ability to supervise, mentor, manage and develop talent Additional Desired Skills: 5+ years' experience venture investing at a venture capital/growth equity firm or in a corporate venture investing group; previous experience in investment banking or strategy consulting is a plus Understanding of unique challenges of early stage businesses and start-up and corporate innovation best practices (processes, regulations, tools, etc.). Job may require travel overnight via commercial transportation and/or driving motor vehicles to other State Farm locations, seminars, conferences, and/or industry meetings. Job may also require working irregular hours including nights and weekends.
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