About the job

Job Profile Summary
bp Ventures is looking to hire a Venture Principal to support a Managing Partner in deal execution and portfolio management. This exciting role will require a mix of financial, technical and commercial skills as well as a knowledge of venture capital deal terms and structures.

Venturing is integral to enriching bp’s innovation landscape. bp Ventures has a track record of investing in ground-breaking innovation, creating new value for bp across dynamic markets. Since 2006 Ventures will have invested in 65+ entities, co-investing with more than 250 corporate and institutional venture capital groups.

By partnering with early- and growth-stage start-ups and the venture capital and corporate venture capital community, the bp Ventures team accelerates the development of accretive and radical technologies for bp. The Ventures team operates in highly dynamic internal and external markets, building and shaping options to build enhanced strategic and financial value for bp.

The team’s objectives include:

• Creating strategic options to access and deploy new technologies, business models and partners ahead of the competition, for possible scaling up in the future
• Delivering competitive financial returns and improving the financial value of bp’s R&D investments through incubation
  
  

Job Advert
Key Accountabilities:

• Scanning and Deal origination: While initially the role will be a generalist role, assisting in multiple sectors, eventually, the individual will likely have a focus area. The Venture Principal will be expected to attend conferences and network with the VC community to identify deal flow strategic to bp
• Deal Structuring, Negotiation, and Execution: Supports team in development of IM (Information Memo), ATN (Authority to Negotiate), and EFMs (Execute Finance Memorandum), peer review materials and materials for investment committee for deals in which Venture Principal is either supporting or leading on
• Portfolio Management: Venture Principal will support a Managing Partner in handling a portfolio of investments by sitting on 1-2 board seats that can grow up to 3-4 over time
• Deployment: Support in the creation of strategic value to bp by engaging with the internal bp network to deploy portfolio company technologies in bp
• Exit Management: Will support and help deliver financial value to bp by engaging with the bp shareholder representative in liquidation events such as an M&A and IPO
• Provides input to the creation of the over-arching strategic direction of the bp Ventures Team at a BU level, and within bp more broadly
• Drives Agile and Continuous Improvement Practices, benchmarking and longer-term planning. Leads the lessons learned process at the conclusion of each investment
• Drive and embed HSSE culture and behavior in region and more broadly across the team
  
  

Job Requirements:

• Preferred candidate is PhD, MBA or equivalent technical and/or commercial experience
• Required: Previous negotiation experience specific to complex deals and or venture capital. Deep expertise in deal term sheets and structures
• Required: Proven track record of negotiating complex multi-stakeholder deals
• Preferred: Strong financial skills, including financial modelling. With preference to expertise in modelling specific to venture capital or M&A
• Ideal candidate has a mixture of technical, financial and commercial skills, but candidates with strong deal experience without a technical background will absolutely be considered
• A strong team player able to interact with key players across the bp Group and businesses
• An entrepreneurial flair and a track record of working outside of traditional boundaries and norms
• Ability to work to tight deadlines and respond to changing requirements
• Ability to work in an uncertain and ambiguous business environment with few precedents
• Manages several activity streams with conflicting priorities
• Good presentation skills and ability to communicate complex data effectively
• The ability to communicate strategic clarity
• Willingness to challenge and question the status quo
  
  

Considering Joining bp?
At bp, we support our people to learn and grow in a diverse and exciting environment! We believe that our team is strengthened by diversity. bp is committed to encouraging an inclusive environment in which everyone is respected and treated fairly. There are many aspects of our employees’ lives that are meaningful, so we offer benefits to enable your work to fit with your life. These benefits can include flexible working options, a generous paid parental leave policy, excellent retirement benefits, and more!

Entity
Strategy, Sustainability & Ventures

Job Family Group
Strategic Planning & Business Development Group

Relocation available
Negotiable

Travel Required
Yes - up to 10%

Time Type
Full time

Country
United States of America

About BP
STRATEGY & SUSTAINABILITY
If you’re a sustainability focused strategic thinker, this could be for you: The purpose of strategy & sustainability is to define a value-adding, sustainability-led strategic ‎direction for us to deliver on our ambition of reimagining energy for people and our planet. Working within S&S, you will be embedded in the centre of the organisation bringing together strategy, sustainability and ‎capital allocation into a group-wide framework and promoting ethics and compliance across the ‎organisation.

Join us and help us achieve our purpose through:‎

A modern, dynamic and collaborative approach to strategy, sustainability and capital allocation – ‎you will work with the businesses, finance and the broad organisation to support the ‎delivery of our ambition, our aims and our financial aspirations. Together we will help frame and make the ‎optimal trade-offs and choices for us.

A lens on sustainability as a competitive advantage – you will drive sustainability to unleash new ‎business opportunities, growth and value to us.‎

Proprietary bp insights – you will focus on developing a distinctive understanding of global ‎economics, energy markets, customer needs and competitors to support our businesses and ‎strategy.‎

Proactive shaping of external policy – you will define where our company stands on matters of public policy – ‎in line with our aims – as well as how we can contribute to proactively shape the external ‎environment across regions.‎

Strategic oversight of our carbon management activities – you will coordinate and drive progress ‎on our net zero ambition and aims.‎

Effective ethics and compliance as a driver of organisational and business sustainability – you will ‎support our bp business groups and other entities in promoting an ethical culture and work ‎environment, and effective compliance risk management.‎

Enabling our company and its businesses to achieve their goals – where our organisation holds expertise, we will ‎use it collaboratively and constructively.

Experience Level
Senior

Legal disclaimer
If you are selected for a position in the United States, your employment will be contingent upon submission to and successful completion of a post-offer/pre-placement drug test(and alcohol screening/medical examination if required by the role) as well as pre-placement verification of the information and qualifications provided during the selection process. The drug screen requires a hair test for which BP must be able to obtain a sufficient hair sample for analysis (:4 cm/1 ½” scalp, or > 2 cm/¾” body – arms & armpits/legs/chest)

As part of our dedication to the diversity of our workforce, BP is committed to Equal Employment Opportunity. Applicants will receive consideration for employment without regard for race, color, gender, religion, national origin, disability, veteran status, military status, age, marital status, sexual orientation, gender identity, genetic information, neurodiversity/neurocognitive functioning or any other protected group status. We are also committed to providing reasonable accommodations for qualified individuals with disabilities and disabled veterans in our job application procedures. If you need assistance or an accommodation due to a disability, you may contact us or have one of your representatives contact us at PeopleCareHouston@bp.com ; or by telephone at 833 478 7480 8am-5pm CST/CDT Monday-Friday.

Read the Equal Employment Opportunity is the Law poster and the poster supplement - for more information about Equal Employment Opportunities. ( Spanish version )

BP is an equal employment opportunity and affirmative action employer. View our policy statement