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Venture Principal

Venture Principal

  • Location(s): UK Wide
  • Salary: Circa £60,000
  • Contract Type: Permanent
  • Ref: R00AOR01389
  • Closing Date: 29 May 2022
  • We're happy to consider flexible working approaches for this role

As a Venture Principal, you’ll be part of the team that identifies investments and strategic partnerships that help deliver improve Nationwide and deliver value for our Members. You’ll be responsible for identifying investment opportunities, delivering investment transactions, and managing our existing portfolio. You’ll be part of our wider Innovation team, working alongside other Venturing team members, and Innovation consultants. 

At Nationwide we openly put our 15 million members at the centre of every decision we make as a business. Every role, no matter what it’s doing, is member focused.

This role is within our Strategy community, which is responsible for building and delivering Nationwide’s overall strategy to ensure the Society continues to deliver legendary service to our members and is built to last.

This is a role is in the NBS Ventures team which sits within the Innovation & Partnering team, who use innovation, investments, and partnerships to help find solutions to complex problems within Nationwide.  These solutions and partnerships are focused on enhancing employee and member experience, attracting new members and deepening our relationships with members – now and in the future.

Your success isn’t based on how long you spend at your desk. You’ll have contracted hours, but we’re always happy to support flexible working wherever we can. That might mean working from home or different Nationwide offices or agreeing a working pattern to help you balance work and life. We will always strive to find a way that works for everyone.

If we receive a high volume of relevant applications, we may close the advert earlier than the advertised date, so please apply as soon as you can.

What you’ll be doing

You’ll be responsible for sourcing, evaluating, negotiating, structuring, and delivering Venture investments. This will include scanning for opportunities, keeping up to date on trends, evaluating ad hoc investments, writing investment proposals and performing due diligence.

We’ll need you to prepare written investment recommendations and perform investment evaluation (financial analysis, modelling and interpreting both company and financial data) to assess the strength of potential opportunities. 

Working collaboratively across the Ventures and Innovation team, you’ll support the Venture Partner/Head of Ventures with management of the venture fund, internal and external communications and strategic partnership/innovation use cases

You’ll take ownership our investment pipeline tracking and fund management reporting - you’ll be a big part in supporting the Venture Partner/Head of Ventures in managing our existing portfolio. You’ll input and coordinate the portfolio performance reporting, observing on the boards of our portfolio companies and actively monitoring our investments. This will include ongoing valuation of portfolio companies, creating regular monitoring reports, and generating ad-hoc reports on specific issues/concerns.

You’ll work with internal stakeholders from across the Society to assess investment opportunities and identify areas of interest for Nationwide for our investment pipeline

We’ll need you to coordinate and deliver internal and external communications that raises the profile of NBS Ventures and shares good news. This will include attending events held within the startup community.

You’ll build relationships and network within the VC and startup community

About you

  • Venture Capital, Private Equity, Corporate Finance, or Investment Banking experience
  • Excellent communication skills
  • Strong commercial acumen, analytical and financial skills - comfortable with VC financial models (valuation models etc.)
  • Ability to influence at a senior level of an organisation
  • Excellent presentation skills – able to be a spokesperson for NBS Ventures
  • Venture investing experience with a track record of deal execution - from sourcing investments, deal analysis, due diligence, reviewing and negotiating all documentation, and supporting transactions to completion

We’re also interested in who you are as a person. Why? Because our membership is made up of so many different kinds of people, so we want our employees to be just as diverse. We’d love to hear about:

  • Your values, and what makes you who you are
  • How you’d make a difference to our members in this role

We know applying for jobs can sometimes feel like you’re sending an application into a black hole. We review each application individually. So, it’s a good idea to call out your most relevant experience on your application to give yourself the best chance.

The extras you’ll get

  • A personal pension – if you put in 7% of your salary, we’ll top up by a further 16%
  • Up to 2 days of paid volunteering a year
  • Life assurance worth 8x your salary
  • A great selection of additional benefits through our salary sacrifice scheme
  • Access to an annual performance related bonus
  • Access to training to help you develop and progress your career
  • 25 days holiday, pro rata

Why work at Nationwide

We’re a building society founded by ordinary people, our members, who came together to help each other get the most from their money, buy homes and save for their futures. For over 130 years, we’ve supported each other and our communities, and we’ve done the right thing for wider society too.

If you come to work here at Nationwide, you’ll be part of that. Part of something a bit different. And something really quite special.

What’s more, we have a strong ethic of care for each other and our members. We recognise that our employees feel most appreciated when their thoughts and values are respected and considered. We’re committed to creating a culture that recognises and truly values our individual differences and identities. So, if you’d like to be a part of an inclusive workplace where you can be yourself, where your talents are nurtured, and you feel empowered to contribute, then please apply and help us in building society, nationwide.

What to do next

If this role is for you, please click the ‘Apply Now’ button.  You’ll need to attach your up to date CV and answer a few quick questions for us.

We respond to everyone, so we will be in contact shortly after the closing date to let you know the outcome of your application. 

 

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Venture Principal

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