Venture Associate

US-NJ-North Brunswick
Job ID
2017-1313
Category/Department
Business Development & Product - Technology & Life Sciences

Overview

The Venture Associate plays a crucial supporting role to the Technology and Life Sciences Division’s Venture Officers.  This support includes but is not limited to, identifying industry trends, new lead generation, portfolio & incentives management, and event organization.

 

54,659 - $68,324

 

Responsibilities

  • Reviews online data bases including Crunchbase, Gust, PE Hub, VC Wire, etc. for new business opportunities, conducts preliminary research, and distributes qualified leads to the Venture Officers.
  • Performs an annual portfolio cash flow review comprising various historical and current TLS initiatives.
  • Manages the TLS warrant database and monitors warrant expiration timelines.  Follows up directly with clients for information relevant to exercising outstanding warrants, completes recommendation for Manager and files all documents accordingly, and updates all logs.
  • Provides a first draft of operating and/or delegated authority memos to support the Venture Officers with managing the requests of current portfolio companies.
  • Prepares the quarterly clean energy portfolio reports for distribution to EDA management and the NJ Board of Public Utilities.

  • Monitors the review of the NOL and the Angel Tax Credit mailbox for inquiries and works with the appropriate Venture Officer/Venture Analyst to administer the program including, but not limited to, logging and reviewing applications preparing approval packages, and preparing the quarterly approval delegation memo.
  • Serves as the supporting calling officer for the Venture Officer on initial prospect calls and portfolio management calls and Inputs and or links all company information and related contacts into a CRM (Salesforce) and assures accuracy of all data. As needed provides critical follow up and support information from initial calls – including but not limited to making key linkages in the NJ tech ecosystem. 
  • Supports the planning and execution of the semi-annual Founders & Funders event as directed.
  • Represents the TLS team of the NJEDA at various tech meetups and networking events, and is comfortable in speaking about the various financing programs offered.
  • Supports varying projects to advance the business goals of the TLS Department as requested by the Program Manager.

 

  • Promotes teamwork and communication to encourage an interactive, cooperative, collaborative and customer focused work environment among division, EDA staff and external customers
  • Performs other duties and special projects, as assigned.

 

Required Skills and Abilities

 

  • Demonstrated familiarity and interest in the technology entrepreneurial community, including accelerators, meet-ups, and early stage capital investing (i.e. Angel Investments, Strategic Investments and Venture Investments)
  • Demonstrated ability to understand the business model for early stage technology companies and their specific needs
  • Exceptional written, oral, interpersonal and presentation skills and the ability to effectively interface with a broad range of audiences including senior management, business and industry partners, as well as individual customers and prospects
  • Must be a critical thinker and possess rigorous analytical capabilities
  • Solutions-oriented, good attention to detail and follow-up
  • Ability to work independently and process multiple complex projects while prioritizing workflow
  • Ability to learn and understand EDA and State programs which support the technology community
  • Strong work ethic, ability to be proactive and responsive in a team environment
  • Ability to communicate effectively both verbally and in writing; proficient in grammar, spelling and editing; and foster communications with business professionals and EDA staff
  • Ability to prioritize workload, must be highly organized, detail-oriented, handle various tasks simultaneously and work independently within limited time constraints with little or no supervision
  • Must be able to maintain confidentiality and deal effectively and diplomatically with business professionals and EDA staff
  • Demonstrates respectful behavior and promotes teamwork and communication to encourage an interactive, cooperative, collaborative and customer focused work environment among division, EDA staff and external customers
  • Proficient in Microsoft Office Suite and the ability to learn new software packages

 

Qualifications

Education and Experience Requirements

  • At a minimum a Bachelor’s Degree in Business Administration, in Finance, preferably an MBA in Finance, and/or 1-3 years in venture capital, or equity research
  • Experience in financial analysis
  • Demonstrated track record of strong academic performance

 

Advanced degree or industry specific certification may be substituted for 1 year of experience

 

Physical Demands

  • Minimal
  • Regional travel required
  • Occasional attendance at events outside normal working hours

 

Travel

  • As necessary to events, meetings, businesses, etc.

 

Certificates and Licenses Required

  • Valid driver’s license

 

Note

 

The examples of work for this title are for illustrative purposes only. A particular position using this title may not perform all duties listed in this job description. Conversely, all duties performed on the job may not be listed. This job description is intended to convey information essential to understanding the scope, general nature and level of work performed by job holders within this job.  This job description is not intended to be an exhaustive list of qualifications, skills, efforts, duties, responsibilities or working conditions associated with the position.

 

Your employment at NJEDA is voluntary and subject to termination by you or NJEDA at will, with or without cause, or with or without notice, at any time.  Nothing in this job description shall be interpreted to conflict, eliminate or modify the employment-at-will status of NJEDA employees. 

 

This position is considered exempt and is excluded from minimum wage, overtime regulations, and other rights and protections afforded nonexempt workers under the FLSA.

 

NJEDA reserves the right to amend/revise this job description as necessary to meet current and changing business needs.

 

Equal Opportunity Employer

 

 

Position Requirements

 

  • Must comply with the “New Jersey First Act” which requires employees hired after September 1, 2011 to reside in New Jersey. Non-New Jersey resident employees must relocate to New Jersey within one year of their date of hire and provide proof of residency to Human Resources.
  • Must complete an Outside Activity Questionnaire (disclosure of outside office or employment) on an annual basis.

 

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