Director - Corporate Development in Bloomington, Illinois at State Farm Mutual Automobile Insurance Company

Location US-IL-Bloomington;US-GA-Dunwoody;US-TX-Richardson;US-AZ-Tempe
Job Category Corporate and Business Development
Position Type Regular Full Time
Req ID 45150
Overview

Being good neighbors – helping people, investing in our communities, and making the world a better place – is who we are at State Farm. It is at the core of how we operate and the reason for our success. We're moving with urgency to become a Next Gen Good Neighbor, with technology that strengthens human connections and enhances the customer experience. As an employee, you'll spend less time navigating systems and more time applying judgment, empathy, and expertise in the moments that matter most.

We are seeking a Director of Corporate Development to help shape and execute the enterprise’s growth strategy through acquisitions, partnerships, alliances, and other strategic opportunities. This leader will focus on identifying, evaluating, structuring, and negotiating strategic acquisitions, partnerships, joint ventures, and alliance opportunities that support long-term growth and strengthen competitive advantage.

This is a highly visible role that partners closely with senior leaders, business units, Ventures, Scouting, B2B2C leaders, and external ecosystem partners. The Director will play a central role in translating enterprise strategy into actionable external opportunities and will help guide opportunities from market scan through diligence, valuation, deal structuring, negotiation, and executive recommendation.

Responsibilities

• Contributes to business growth by identifying, prioritizing, and evaluating potential business opportunities and/or M&A activities that will sustain growth and competitive advantage in the marketplace
• Partners with key stakeholders to enhance internal and external review and consideration of potential opportunities
• Works collaboratively across Enterprise and supports business units in assessing the strategic, financial, and operational fit of potential partners
• Completes comprehensive market and sector scan research to drive decision-making and action
• Lead diligence processes for acquisitions, joint ventures, and strategic alliances, coordinating cross-functional teams across finance, legal, technology, operations, risk and business units
• Creates and oversees the creation of financial models and valuation scenarios
• Build and manage relationships with the external ecosystem including key industry players, potential partners/targets and investment bankers

Qualifications

• 5+ years of relevant experience in corporate development, M&A, strategic partnerships, investment banking, private equity, venture capital, strategy consulting, transaction advisory, or enterprise strategy.
• Relevant bachelor’s degree (e.g., Accounting, Finance, Economics, Business Administration), relevant graduate degree (MBA) highly preferred
• Demonstrated experience evaluating, structuring, or supporting acquisitions, partnerships, alliances, joint ventures, or other strategic growth opportunities.
• Prior experience with financial modeling, valuation, diligence, business case development, and deal negotiation strongly preferred.
• Advanced knowledge of corporate finance and financial business law concepts
• Experience leading cross-functional teams and preparing recommendations for senior executives.
• Superior oral communication, written presentation skills, including executive-level presentation skills

SPONSORSHIP: Applicants are required to be eligible to lawfully work in the U.S. immediately; employer will not sponsor applicants for U.S. work authorization (e.g. H-1B visa) for this opportunity.

Our Benefits

Because work-life balance is a priority at State Farm, compensation is based on our standard 38:45-hour work week!

• Potential starting salary range: $173,000 - $228,500
• Starting salary will be based on skills, background, and experience
• High end of the range limited to applicants with significant relevant experience
• Potential yearly incentive pay up to 20% of base salary

At State Farm, we offer more than just a paycheck. Check out our suite of benefits designed to give you the flexibility you need to take care of you and your family!

• Get Paid! On top of our competitive pay, you are eligible for an annual raise and bonus.
• Stay Well! Focus on you and your family’s health with our robust health and wellbeing programs. State Farm pays most of your healthcare premium, and we offer multiple healthcare plan options, including a high deductible plan. All medical plans provide 100% coverage for in-network preventative care, AND you and your family have access to vision, dental, telemedicine, 24/7 mental health professionals, and much more!
• Develop and Grow! Take advantage of educational benefits like industry leading training programs, top-notch tuition assistance programs, employee resource groups, and mentoring.
• Plan Ahead! Plan for those big moments in life with benefits like fertility/IVF/adoption assistance, college coaching, national discount programs, interactive monthly financial workshops, free financial coaching, and more. You can also start a savings account or consider financing through our State Farm Federal Credit Union!
• Take a Little “You” Time! You will have access to our generous time off policies designed so you can plan around holidays, family events, volunteering, or just to take a relaxing day off. With the opportunity to initially earn up to 20 days annually plus parental leave, paid holidays, celebration day, life leave (40 hours/year), bereavement leave, and community service/education support days, there will be plenty of time for you!
• Give Back! We offer several ways to give back through our Matching Gift Program, Good Neighbor Grant Program, and the Employee Assistance Fund.
• Finish Strong! Plan for retirement using free financial advisors and a 401(k) plan with company contributions of up to 7% of your salary.

Visit our State Farm Careers page for more information on our benefits, locations, and the hiring process of joining the State Farm team!