Associate
Chicago, IL +1 · Remote
Mid-level · Full time
Posted 2 years ago
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The world isn’t standing still, and neither is Allstate. We’re moving quickly, looking across our businesses and brands and taking bold steps to better serve customers’ evolving needs. That’s why now is an exciting time to join our team. You’ll have opportunities to take risks, challenge the status quo and shape the future for the greater good.

You’ll do all this in an environment of excellence and the highest ethical standards – a place where values such as integrity, inclusive diversity and accountability are paramount. We empower every employee to lead, drive change and give back where they work and live. Our people are our greatest strength, and we work as one team in service of our customers and communities. Plus, Allstate is changing how, when, and where we work-to lead us boldly into our future. We're empowering our employees to create better ways of working through more intentional use of communication and collaboration practices, processes and tools.

Everything we do at Allstate is driven by a shared purpose: to protect people from life’s uncertainties so they can realize their hopes and dreams. For more than 89 years we’ve thrived by staying a step ahead of whatever’s coming next – to give customers peace of mind no matter what changes they face. We acted with conviction to advocate for seat belts, air bags and graduated driving laws. We help give survivors of domestic violence a voice through financial empowerment. We’ve been an industry leader in pricing sophistication, telematics, digital photo claims and, more recently, device and identity protection. We are the Good Hands. We don’t follow the trends. We set them.

Job Summary:

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 Allstate’s 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.

This role will contribute to the Strategic Ventures team by providing continuous support to senior team members ranging from start-up and industry research to in-depth due diligence and building a VC network with peers. The Senior Analyst will be expected to demonstrate strong project and time management skills, critical thinking skills, ability to learn fast and keen focus on details.

Key Responsibilities:

  • Leads screening processes to vet deals through strategic, financial and investment value considerations and provide recommendations
  • Performs in-depth company and market assessments and due diligence that would cover a review of the target company’s management team, company financials, proposal’s market potential, company governance and structure, etc.
  • Builds comprehensive financial models for individual start-ups as well as venture capital portfolio as a whole
  • Prepares Investment Memos and Presentations for the Investment Committee
  • Provides support and critical input when working closely with the internal business units
  • Develops strong and wide networks within the VC community, accelerators, universities and research centers in North America and Europe
  • Works closely with portfolio companies to ensure start-ups are well positioned to succeed within Allstate
  • Works with senior team members to develop exit recommendations for Investment Committee review
  • Contributes to developing SV’s strategic plan and direction

Supervisory Responsibilities:

  • This job does not have supervisory duties

Preferred Qualifications:

Education and Experience

  • 3 or more years of related experience
  • Bachelor's Degree or equivalent experience

Functional Skills

  • Familiarity with the start-up environment
  • Team first attitude and a commitment to work in a highly collaborative environment
  • Possess critical thinking skills and keen focus on details
  • Demonstrable experience in performing qualitative and quantitative analysis in tight timeframes and simultaneously juggling multiple workstreams
  • High level of proficiency in Excel, Word and PowerPoint
  • Strong written and oral communication skills
  • 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 that’s 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, 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. For a full description of Allstate’s benefits, visit allstate.jobs/benefits

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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To view the “EEO is the Law” poster click “ here ”. This poster provides information concerning the laws and procedures for filing complaints of violations of the laws with the Office of Federal Contract Compliance Programs

To view the FMLA poster, click “ here ”. This poster summarizing the major provisions of the Family and Medical Leave Act (FMLA) and telling employees how to file a complaint.

It is the Company’s policy to employ the best qualified individuals available for all jobs. Therefore, any discriminatory action taken on account of an employee’s ancestry, age, color, disability, genetic information, gender, gender identity, gender expression, sexual and reproductive health decision, marital status, medical condition, military or veteran status, national origin, race (include traits historically associated with race, including, but not limited to, hair texture and protective hairstyles), religion (including religious dress), sex, or sexual orientation that adversely affects an employee's terms or conditions of employment is prohibited. This policy applies to all aspects of the employment relationship, including, but not limited to, hiring, training, salary administration, promotion, job assignment, benefits, discipline, and separation of employment.

Allstate Strategic Ventures
Allstate Strategic Ventures invests in early stage startups that provide investment and business value to Allstate Insurance Company.
Year Founded:  2015
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