Director of Strategy and Corporate Development, Ethos Life
$138-245k
+ Potential for bonus and equity
Life insurance provider
Be an early applicant
Life insurance provider
501-1000 employees
Be an early applicant
$138-245k
+ Potential for bonus and equity
501-1000 employees
Company mission
To protect the next million families.
Role
Who you are
- 10+ years experience at a leading management consulting, private equity, venture capital, investment banking, or business development role in a high growth technology company
- Excellent valuation/analytical skills, creativity in problem solving, and a keen business sense
- Superior communication (written/verbal), presentation and meeting facilitation skills
- Ability to flex between high-level strategic thinking and deep-dive analytical problem solving
- Agile self-starter with desire to own and be accountable for projects
- Exceptional attention to detail
- Comfortable with ambiguity and flexible work environments
What the job involves
- We are looking for a Director of Strategy and Corporate Development to take the lead on identifying, evaluating and executing on opportunities to drive growth and/or operational excellence. The work mirrors the work found at top venture capital/private equity firms, investment banks, and strategy consulting firms. Key activities include evaluating M&A opportunities, investigating strategic opportunities, designing and conducting qualitative and quantitative research and analyses, and presenting findings to leadership
- Strategy:
- Identify core and critical issues to business performance and clearly communicate strategy, progress, and results across organizational boundaries and levels
- End to end ownership for high priority cross functional strategic projects, from ideation through to implementation and tracking
- Identify new opportunities to accelerate our core businesses, while also driving evaluation of future growth opportunities
- Research new markets, identify key trends, and translate data into actionable insights
- M&A:
- Drive the entire M&A process including inorganic strategies, market scans, target valuation, due diligence, and deal negotiations
- Partner with business leaders on strategy development, including identifying product gaps, evaluating build/buy/partner options, and collaborating on target selection criteria
- Develop pipeline of prospective targets
- Partner with key business unit partners to evaluate opportunities and drive to informed decisions
- Support M&A and investment opportunities through negotiation, execution, and due diligence, including financial modeling and valuation
- Guide and support post-acquisition integration efforts
- Develop network of industry contacts, venture capital firms, and investment banking/advisory executives to bring knowledge of market trends and opportunities to bear on strategic discussions
Our take
Ethos was founded to increase the transparency of life insurance, making it accessible and affordable to all. The company want to add openness to the process; losing a loved one is hard enough before one even considers financial implications, particularly with the loss of a primary earner.
Ethos uses predictive technology to rapidly quote life insurance rates and verify an applicant’s medical information. This expedited process allows most users to secure life cover on the same day they apply, a process which normally takes a number of weeks. The company works with some of the biggest providers in the industry, including Legal & General America, AAA Life and Ameritas Life Insurance Corp.
Ethos has been one of the more heavily publicised of the recent wave of insurtech companies, with investors such as Google as well as celebrities Will Smith and Jay Z, taking its valuation to over $2 billion. However, the sector is being hit particularly hard by macroeconomic uncertainty and Ethos conducted several rounds of layoffs through 2022 and early 2023. Now focused on its core product and revenue growth, it is poised to extend its market leading position.
Steph
Company Specialist at Welcome to the Jungle
Insights
72% employee growth in 12 months
Company
Funding (last 2 of 5 rounds)
Jul 2021
$100m
SERIES D
May 2021
$200m
SERIES D
Total funding: $406.5m
Company benefits
- Comprehensive health benefits
- Awesome medical, dental, and vision plans that start when you start
- Restricted Stock Units
- Unlimited paid time off policy
- New parents can take leave with 100% wage replacement
- Team training, volunteering opportunities, additional resources, and some amazing Employee Resource Groups: Black at Ethos, Parents, Pride & Shethos
- Our healthcare plans offer coverage on family planning and fertility
Company HQ
Berkley Square - Headway, Austin, TX
Leadership
Peter Colis
(Co-Founder & CEO)After an MBA at Stanford, Peter co-founded Ovid Corp in 2014, where he worked as CEO for 4 years before co-founding Ethos in 2016. He has worked as CEO since, alongside serving as a Sequoia Capital Scout.
Lingke Wang
(Co-Founder)After working as an Investment Banker at Morgan Stanley Lingke gained an MBA from Stanford. He then co-founded Ovid Corp. an insurance company before Ethos.
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