Manager: Venture Development Specialist - Technology Investments Group
Job description Manager: Venture Development specialist - Technology Investments Group
This role is based in London - Embankment Place/More London, and is for an initial 6 month secondment, with potential to be extended if mutually agreed The members of the Technology Investments Group are:
Technology Investments Group Leader (Raj Mody)
Technology Investments Group Driver (Holly Williams)
Technology Investments Group Senior Manager (Siobhan Skeels)
The Technology Investments Group, led by Raj Mody, supports the Investment Committee in bringing commercial rigour and expertise to the way we invest the firm's money in major tech-enabled investments.
The Technology Investments Group has two main objectives:
- Enhance the success of the firm's major technology investment ventures, by:
- supporting agreed priority ventures with tailored assistance, designed to increase their likely return on investment, and
- sharing best practice approaches, tools and techniques with venture teams and generally throughout the firm to improve our commercial innovation ability and expertise
- Support the EB Investment Committee by:
- helping and advising them decide how to best allocate the firm's investment funds across different technology ventures, and
- de-risking investments by stage-gating funding, which ensures focus on agreed activities and introduces appropriate milestone for progress review
In addition, we will focus on overcoming a couple of the most significant and prevalent issues which are holding back our ability to achieve the objectives set out above - (i) insufficient client insight and engagement to validate internal ideas, and (ii) part-time/ad hoc venture teams and leadership. We will work with key stakeholders, venture teams and innovation centres in the Lines of Service to help them overcome these issues and drive faster and greater return on investments. About the role
The objective of the role would be to provide "hands on" support to venture teams which have been identified as candidates for potential consideration by the Investment Committee, or have received Investment Committee approval for Stage-Gated funding. The key objective of the role is to work with venture teams at any stage of maturity on an integral, day-to-day basis to help progress them through the relevant critical milestones more quickly. Central to this is the ability to identify gaps and help resolve challenges.
Activities may include:
- Helping venture teams evidence that they understand who the product is for and what problem or need it is addressing:
- Designing, conducting and analysing customer and prospect interviews in order to test hypotheses underlying the ventures, and to validate the concepts and features of the ventures
- Synthesising the output of analysis (e.g., market analysis, customer interviews) to help prioritise areas of focus for the venture and to provide evidence-based support for venture related decisions (e.g., concept, design, pricing)
- Helping venture teams articulate the long-term value of the product (e.g. revenue and cost models, investment required and cash flows that will occur):
- Developing and interpreting market analyses to determine venture-market fit, competitive landscape, market sizing (total and target) and potential pricing
- Commercial modelling e.g., pricing, breakeven, unit economics
- Helping venture teams explain how the product will be developed, delivered and serviced, both in the build phase and post-launch (people, processes):
- Working with specialists (e.g., risk/independence, designers) to progress the concept, design and development of the project
- Helping venture teams manage stakeholders, solve problems and present their findings::
- Designing and facilitating innovation exercises and workshops to enable venture teams to resolve issues related to their ventures
- Consolidating findings into concise investment cases to support presentations to the Investment Committee
- Generating documentation throughout the lifecycle to clearly communicate the product, its features and the decisions behind those to all stakeholders
The individual would also be required to work alongside the TIG team to provide feedback on the ventures being developed, the methodologies being implemented, and to input on potential areas of improvement. Relevant skills and experience
Who we're looking for
- VC or entrepreneurial experience preferred although not essential e.g. experience developing a venture or product using lean start-up or venture capital methodologies;
- Ability to organise and manage multiple stakeholders and priorities simultaneously;
- Strong problem solving skills and ability to work effectively with cross functional teams;
- Strong communication and presentation skills, and ability to communicate complex ideas so that they can be easily understood;
- Experience organising, conducting and interpreting customer interviews;
- Experience in participating in workshops to innovate new ideas to solve product, project or venture related problems.
- Ability to prioritise and deliver to deadlines
- Good attention to detail
We work in a fast-paced environment where priorities can change quickly. The ideal candidate will be flexible and calm under pressure.
The area of the firm in which we work is different to other parts of PwC in that much of what we are doing is new. The ideal candidate will be comfortable dealing with a certain level of ambiguity in their role, as well as being self-motivated and proactive in identifying and pursuing a sensible plan of action in a given situation. They will have good communication skills, able to manage senior stakeholders effectively.
We are a lean and agile team. The ideal candidate will be a strong team player, comfortable pitching in as needed.
We are a very practical team and focus our energy on delivering outcomes. The ideal candidate will be outcome-focused.
An interest in how technology affects organisations like ours is an advantage. About PwC
We're one of the world's leading professional services organisations. From 158 countries, we help our clients, some of the most successful organisations on the globe, as well as its most dynamic entrepreneurs and thriving private businesses, to create the value they want. We help to measure, protect and enhance the things that matter most to them. The skills we look for in future employees
All our people need to demonstrate the skills and behaviours that support us in delivering our business strategy. This is important to the work we do for our business, and our clients. These skills and behaviours make up our global leadership framework, 'The PwC Professional' and are made up of five core attributes; whole leadership, technical capabilities, business acumen, global acumen and relationships.
Learn more here www.pwc.com/uk/careers/experienced/apply Diversity
We work in a changing world which offers great opportunities for people with diverse backgrounds and experiences. We seek to attract and employ the best people from the widest talent pool, as well as those who reflect the diverse nature of our society. And we aim to encourage a culture where people can be themselves and be valued for their strengths. Creating value through diversity is what makes us strong as a business and as an organisation with an increasingly agile workforce, we're open to flexible working arrangements where appropriate.
Learn more here www.pwc.com/uk/diversity