Wellington Management offers comprehensive investment management capabilities that span nearly all segments of the global capital markets. Our investment solutions, tailored to the unique return and risk objectives of institutional clients in more than 60 countries, draw on a robust body of proprietary research and a collaborative culture that encourages independent thought and healthy debate. As a private partnership, we believe our ownership structure fosters a long-term view that aligns our perspectives with those of our clients.
About the Role
THE POSITION
As part of the continued expansion of our Private Investing capabilities, we are seeking to recruit a Venture Associate for Wellington Access Ventures (WAV), a venture capital fund focused on early-stage technology investments. WAV invests in early-stage companies developing solutions across a broad set of sectors including vertical SaaS, infrastructure, security, payments, embedded fintech, digital health, consumer marketplaces, typically with tech-enabled applications and solutions. The Associate will be involved in all aspects of the deal process and will work directly with our senior investment team to assist in the sourcing, diligence, and management of portfolio companies. The ideal candidate will be a self-directed, hard-working team player who is passionate about both private investing and be aligned with investing in diverse and/or underrepresented founders. This is a great opportunity for someone looking to join a growing team and gain the foundations of venture investing and establish a career in VC with clear potential to progress within WAV. The position will be based in NYC.
ESSENTIAL SKILLS
The following essential skills are required for the role:
• Analytical acumen, modeling, research, and detail oriented –The ideal candidate will have strong financial modeling skills and analytical capabilities and an eagerness to apply their expertise in support of WAV. The ability to synthesize disparate information, identify the most important elements, and arrive at a conclusion is required. The Associate will be curious about private investing and demonstrate a strong desire to identify differentiated investment opportunities through a thorough research and due diligence process.
• Superior collaboration and influencing skills – The Associate will be a self-directed, hard-working team player, who contributes to the investment efforts of the WAV Investing team. The successful candidate will enjoy contributing to a highly collaborative investment environment and will build strong trusting relationships internally with colleagues across the Private Investing, Investment Research and Industry Analysts. The ability to communicate (both verbally and in writing) and contribute to an open investment dialogue is required.
• Growth mindset – The flexibility and openness to continue learning, evolving, and growing as an Associate is important. The Associate will have a global perspective and creative approach for analyzing companies and industries that serve growing markets. Success in this role will open progression opportunities within WAV and broader privates platform.
• Excellent communication skills – both written and verbal communication. The ability to clearly communicate is critical when interacting with management teams, collaborating with internal and external partners, and drafting investment memos and other documents. It’s also important to display strong communication skills when evaluating and articulating the investment merits of a deal.
• Passion – the Associate will have a strong interest and passion for innovation, as well as in emerging technologies and the application of technology to address solving massive challenges.
RESPONSIBILITIES
Responsibilities for this position will include the following:
• Assisting with outbound market research and company mapping activities
• Performing due diligence on prospective portfolio companies
• Building and maintaining company financial models and other analysis on current and prospective investments
• Drafting investment memos and participating in investment committee discussions
• Attending target company management meetings and relevant industry conferences
• Assist with quarterly and annual reporting needs for Limited Partners
• Build and manage internal databases including investment pipelines and co-investment partners
• Completing complex analytical projects under tight time constraints
OTHER QUALIFICATIONS
Additional qualifications and individual characteristics include:
• Two to four years of prior experience preferably in investment banking, consulting, or venture capital; strong applicants with other relevant experience (e.g., investment management in public markets) will also be considered
• Strong academic credentials and track record: an undergraduate degree is required, MBA is optional
• Strong collaborative nature, including the ability to respectfully discuss and debate the merits and risks of potential investments with colleagues
• Ability to organize, manage, and prioritize time well
• Strong financial modeling skills, confidence to build financial model from scratch and identify the correct drivers
• Market mapping and desktop research experiences in previous professional role
• Ability to work independently and make decisions in the face of uncertainty
• Demonstrated analytical, problem-solving ability
• Sound judgment, strong work ethic and highest personal and professional integrity
• Interest and ability to build network in start-up ecosystem including entrepreneurs, adjacent funds, accelerators, etc.
• Ability to receive and act on constructive feedback
• A high degree of intellectual curiosity
• Strong attention to detail.
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Not sure you meet 100% of our qualifications? That’s ok. If you believe that you could excel in this role, we encourage you to apply and welcome a chance to review your background. We are dedicated to building and maintaining a diversified workforce and considering a broad array of candidates with a variety of skill, workplace experiences, and backgrounds.
