ADP is hiring a Sr. Director - ADP Ventures, Principal

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.

We are working in a hybrid work environment, this role will work 3 days a week in our New York City office and the flexibility of working from home the other 2 days a week.

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.

What are you waiting for?

Apply now! Jobs.adp.com

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Base salary offers for this position may vary based on factors such as location, skills, and relevant experience. Some positions may include additional compensation in the form of bonus, equity or commissions. We offer the following benefits: Medical, Dental, Vision, Life Insurance, Matched Retirement Savings, Wellness Program, Short-and Long-Term Disability, Charitable Contribution Match, Holidays, Personal Days & Vacation, Paid Volunteer Time Off, and more. The compensation for this role is $119,900.00 - $321,390.00 / Year

Diversity, Equity, Inclusion & Equal Employment Opportunity at ADP: ADP is committed to an inclusive, diverse and equitable workplace, and is further committed to providing equal employment opportunities regardless of any protected characteristic including: race, color, genetic information, creed, national origin, religion, sex, affectional or sexual orientation, gender identity or expression, lawful alien status, ancestry, age, marital status, protected veteran status or disability. Hiring decisions are based upon ADP’s operating needs, and applicant merit including, but not limited to, qualifications, experience, ability, availability, cooperation, and job performance.

Ethics at ADP: ADP has a long, proud history of conducting business with the highest ethical standards and full compliance with all applicable laws. We also expect our people to uphold our values with the highest level of integrity and behave in a manner that fosters an honest and respectful workplace. Click https://jobs.adp.com/life-at-adp/ to learn more about ADP’s culture and our full set of values.