Addenda Capital
Head of New Ventures
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Job Description
Head of New Ventures
Location
Colorado USA
Work Arrangement
Onsite Hybrid or Remote
Reports To
Chief Executive Officer
Position Overview
We are looking for an experienced business leader to help identify develop and establish the next generation of business opportunities for our company
This role involves more than identifying promising opportunities You will also be responsible for turning viable ideas into operating businesses
You will research customer needs evaluate business models build teams and lead new ventures from early validation through commercial launch and ongoing operations
We expect you to exercise sound judgment when deciding which opportunities deserve investment adjust direction when progress falls short of expectations and clearly explain the rationale for continuing pausing or exiting an initiative
Key Responsibilities
Identify new markets products and services worth exploring based on the company's existing customer relationships resources and strategic direction
Engage directly with potential customers and business partners to understand their needs willingness to pay and limitations of existing solutions
Develop business plans that define revenue models operating costs capital requirements key assumptions and milestone objectives
Organize small scale pilot programs and use customer feedback adoption metrics and financial performance to determine whether additional investment is justified
Lead the launch of approved ventures and coordinate with product technology operations finance legal and compliance teams to ensure successful execution
Build teams budgets and operating processes for new ventures while recruiting and developing managers capable of independently leading business operations
Participate in major partnership negotiations and establish clear commercial terms responsibilities and implementation arrangements
Take accountability for venture budgets timelines and operating performance while providing regular updates to the CEO and relevant decision makers
Identify licensing regulatory compliance data protection and risk management requirements early in the development of financial products or entry into new markets
Develop expansion plans for ventures that meet validation targets and recommend corrective actions or exit strategies for initiatives that fail to achieve expected results
Qualifications
At least 20 years of relevant professional experience in business operations new venture development corporate strategy product commercialization or post investment operational management
Senior leadership experience with direct accountability for teams budgets and business performance
At least one demonstrated experience building a new business from an early stage concept through commercial launch and ongoing operations with the ability to clearly explain personal responsibilities resources committed and actual results
Experience in financial services fintech or an industry closely related to the company's business activities
Ability to independently evaluate commercial opportunities with a solid understanding of profit and loss cash flow customer acquisition costs and investment payback periods
Experience recruiting key personnel building cross functional teams and managing external business partners
Ability to collaborate effectively with founders senior executives board members and frontline teams while driving clear decisions when disagreements arise
Comfort working in early stage business environments where information may be incomplete resources are limited and priorities can change
Strong English business communication negotiation and written presentation skills
Preferred Experience
Experience founding and operating a business or establishing a new business division within an established organization
A track record of direct profit and loss responsibility entering new markets building strategic partnerships or leading business transformation initiatives
Initial Priorities
Your initial focus will be to understand the company's existing operations customers and available resources while working with senior leadership to establish the scope and investment boundaries for new venture exploration
You will then evaluate potential opportunities develop evidence based validation plans and establish clear budgets accountable owners and review milestones for approved initiatives
Specific timelines and priorities will be determined after joining the company based on actual business conditions
Pay: $250,000.00 - $300,000.00 per year
Benefits
- 401(k)
- 401(k) matching
- Cell phone reimbursement
- Dental insurance
- Disability insurance
- Employee assistance program
- Flexible schedule
- Flexible spending account
- Health insurance
- Health savings account
- Life insurance
- Paid parental leave
- Paid time off
- Parental leave
- Referral program
- Retirement plan
- Sabbatical
- Vision insurance
Work Location: Remote
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