The Principal will be a key leader of ADP Ventures investment division, and will be responsible for sourcing, evaluating, and investing in technology startups as well as supporting portfolio companies. The Principal will work closely with ADP executives to sharpen our investment focus and strengthen our portfolio, while developing external relationships with startup founders and venture investors.
Responsibilities
- Develop a deep understanding of, and be immersed in, HCM Technology, startup ecosystems, building subject matter expertise and credibility, track emerging market trends and technologies, and develop theses within our investment focus areas.
- Source relevant investment opportunities by leveraging your professional network, attending relevant conferences, networking events, and proactively engaging with entrepreneurs.
- Identify VC and founder communities to help populate our deal pipeline with strong prospects and monitor the progress of startups on an ongoing basis.
- Refine and develop our investment strategy, internal processes, products, and services.
- Research and evaluate each opportunity as a potential investment, including interviewing subject matter experts across ADP, startup teams, and customers.
- Prepare, distribute, and develop due diligence materials that include deep analysis on market landscape, competitive landscape, product ecosystem and investment structure for relevant investment opportunities.
- Negotiate and close deals with founders.
- Provide best-in-class support to portfolio companies, with an emphasis on strategy, business development including partnership integrations with ADP, and fundraising.
- Represent and build the ADP Ventures brand as a CVC that actively partners with startups to accelerate their growth.
A Little About ADP
We are a global leader in human resources technology, offering the latest AI and machine learning-enhanced payroll, tax, human resources, benefits, and much more. We believe our people make all the difference in cultivating an inclusive, down-to-earth culture that welcomes ideas, encourages innovation, and values belonging. We’ve received recognition as a global Best Places to Work and a recipient of many prestigious awards for diversity, equity, and inclusion, including a DiversityInc® Top 50 Company, Best CEO and company for women, LGBTQ+, multicultural talent, and more. As part of our deep DEI commitment, our CEO has joined the OneTen coalition to create one million jobs for Black Americans within ten years. Learn more about DEI at ADP on our YouTube channel: http://adp.careers/DEI_Videos
Ready to #MakeYourMark? Apply now!
To learn more about Client Services at ADP, watch here: https://adp.careers/Client_Services_Videos
Qualifications Required
- 10+ years of related experience with minimum of 7+ years in product partnerships or investing related experience in venture capital, investments, SaaS, or HCM Technology; tenure in corporate venture capital, successful growth startup, top-tier management consulting or investment banking is a bonus.
- MBA and/or advanced Degree preferred.
- Deep understanding of the startup and investment ecosystem, ideally within HR Tech and adjacencies.
- Strong network and networker with the ability to build strong and lasting relationships.
- Strong self-starter, with a commitment to learning.
- Experience in a fast-paced environment.
- Comfortable performing analytical exercises such as market sizing, financial analysis, retention analysis, LTV/CAC computations, and returns analysis.
- Strong communication skills and the ability to influence leadership.
- Track-record of managing multiple, complex projects at the same time and ramping up quickly in new domains.
- Experience managing direct report(s) is a bonus.
Nice To Have
- Understanding of the latest trends in Artificial Intelligence and Machine learning, and how these pertain to HR Technology
- Existing VC relationships: a community that can be leveraged upon joining the Ventures team
You’ll Love Working Here Because
- Be yourself in a culture that values equity, inclusion, and belonging and creates a safe space for diverse perspectives and insights.
- Belong by joining one of nine Business Resource Groups to connect globally with networks and allies who share common interests and experiences.
- Grow your career in an agile, fast-paced environment with plenty of opportunities to progress.
- Continuously learn through ongoing training, development, and mentorship opportunities.
- Be your healthiest. Best-in-class benefits start on Day 1 because healthy associates are happy ones.
- Focus on your mental health and well-being. We’re here to provide exceptional service to our clients, and none of that happens without each of us taking care of ourselves and being there for one another.
- Join a company committed to giving back and generating a lasting, positive impact upon the communities in which we work and live.
- Get paid to pay it forward. Company-paid time off for volunteering for causes you care about.
