Next Insurance is a fast-growing 350+ person startup based in Silicon Valley and is led by a team of experienced entrepreneurs with a history of successful outcomes. Our mission is to transform insurance for small businesses by combining world-class technology and phenomenal customer service to offer better insurance at a lower price. Next has raised over $630 million from top tier investors and is valued at over $2 billion.
We’re growing fast and we’re looking for a talented, passionate leader to lead Corporate Development. This is a highly visible position that will report to our Chief Financial Officer and work closely with colleagues at all levels.
The Head of Corporate Development will develop and lead Next’s growth strategy through the identification, assessment and execution of potential acquisitions, strategic partnerships and investments and will be responsible for all aspects of strategic acquisitions, including M&A target identification and evaluation, deal sourcing, deal execution and coordinating integration activities.
The successful candidate will collaborate with executive management to develop a strategic M&A thesis and playbook and be the primary external facing leader in communicating with targets, bankers, and other stakeholders. In addition, the successful candidate will explore roll-up opportunities in the space with an eye to operationalizing roll-ups as a growth engine.
Develop and implement an M&A strategy that aligns to overall corporate strategy and goals
Develop and design M&A targeting criteria and processes to review potential acquisitions
Identify and evaluate potential opportunities, which includes a robust idea generation and screening process that will bring quality acquisition and investment ideas to the executive team
Collaborate with the cross-functional leaders to establish a process for considering corporate development opportunities in a systematic way that leads to the identification of growth opportunities
Coordinate the development of organizational capabilities needed to drive successful deal execution and integration to ensure results exceed deal expectations
Support developing build, partner buy analysis for business cases, and participating in business development partnerships
Conduct financial modeling of structures, business plans and commercial arrangements
Prepare and present opportunities for review by executive management and the Board of Directors
Lead due diligence process and structuring on potential acquisitions
Lead post-merger integration of acquisitions in partnership with cross-functional teams and business leaders
Manage key external relationships including investment banks, VC’s, and advisors as part of the deal process.
7-10 years of demonstrated track record in corporate development, corporate strategy or strategic product roles
Proven subject matter expertise in all aspects M&A process including deal structuring, negotiation, integration planning, and execution of deals
Excellent executive presence and leadership skills to effectively work cross functionally in the organization with track record building collaborative relationships with team members (peers, staff, executives and Board of Directors)
Significant experience directing and conducting quantitative and qualitative analyses of complex data, including market and competitor analysis, customer analysis, technology assessment and financial modeling
Demonstrated experience in program management to drive projects to completion in a timely manner
Expertise working cross functionally with FP&A, accounting, product and business development and marketing functions to understand and influence business trends and incorporate this understanding corporate development priorities
Experience in software, technology, and subscription business models is highly desirable
Bachelor's degree required; MBA preferred
One of our core values is ‘Play as a Team’; this means making sure everyone has an equal chance to participate and make a difference. We win by playing together. Next Insurance is an equal opportunity employer and prioritizes building a diverse and inclusive workplace. We provide equal employment opportunities to all employees and applicants of any type and do not discriminate based on race, color, religion, national origin, gender, age, sexual orientation, physical or mental disability, genetic information or characteristic, gender identity and expression, veteran status, or other non-job related characteristics or other prohibited grounds specified in applicable federal, state, and local laws. Next’s policy is to comply with all applicable laws related to nondiscrimination and equal opportunity and will not tolerate discrimination or harassment based on any of these characteristics. This policy applies to all terms and conditions of employment, including recruiting, hiring, placement, promotion, termination, layoff, recall, transfer, leaves of absence, compensation, and training.