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New Ventures Director

FanDuel

FanDuel

New York, NY, USA
Posted on Saturday, May 25, 2024

ABOUT FANDUEL

FanDuel Group (“FanDuel") is an innovative sports-tech entertainment company that is changing the way consumers engage with their favorite sports, teams, and leagues. The premier gaming destination in the United States, FanDuel consists of a portfolio of leading brands across gaming, sports betting, daily fantasy sports, advance-deposit wagering, and TV/media.

FanDuel has a presence across all 50 states with approximately 17 million customers and 28 retail locations. FanDuel is based in New York with offices in New Jersey, Georgia, California, Oregon, Canada and Scotland.

Its networks FanDuel TV and FanDuel+ are broadly distributed on linear cable television and through its relationships with leading direct-to-consumer over-the-top platforms.

FanDuel Group is a subsidiary of Flutter Entertainment plc, the world's largest sports betting and gaming operator with a portfolio of globally recognized brands and traded on the New York Stock Exchange (NYSE: FLUT).

THE ROSTER

At FanDuel, we give fans a new and innovative way to interact with their favorite games, sports and teams. We’re dedicated to building a winning team and we pride ourselves on being able to make every moment mean more, especially when it comes to your career. So, what does “winning” look like at FanDuel? It’s recognition for your hard-earned results, a culture that brings out your best work—and a roster full of talented coworkers. Make no mistake, we are here to win, but we believe in winning right. That means we’ll never compromise when it comes to looking out for our teammates. From creatives professionals to cutting edge technology innovators, FanDuel offers a wide range of career opportunities, best in class benefits, and the tools to explore and grow into your best selves. At FanDuel, our principle of “We Are One Team” runs through all our offices across the globe, and you can expect to be a part of an exciting company with many opportunities to grow and be successful.

THE POSITION
Our roster has an opening with your name on it

The New Ventures Director position is a highly strategic and operational role requiring the candidate to assemble strategies to ensure FanDuel’s position as the #1 operator long-term and to manage the entry and launch of new products in the short to medium-term. The Director will be responsible for crafting and driving the strategies for FanDuel’s expansion into new verticals and work in partnership with Engineering, Product, and Marketing to launch and incubate the new products through the first year of launch. The New Ventures Director will be responsible for both launching the new product (from ideation through execution) and for the financial performance of the new product in the first year. The Director will forecast the business, assemble the business case and budget ask for necessary investments, build the appropriate team, and manage the P&L to hit revenue and profitability targets. The role entails presenting strategies and results to FanDuel's Executive Leadership Team, ensuring alignment across the organization, working with Flutter stakeholders, and leading cross-functional teams to penetrate new markets.

THE GAME PLAN
Everyone on our team has a part to play

  • Partner with Vice President New Ventures to identify, assess, and prioritize strategically innovative opportunities to grow future FD TAM beyond existing products via external partnerships/M&A and by leveraging Flutter resources/existing products.
  • Define short- and long-term growth strategy for a New Ventures portfolio product, and partner with Product & Marketing leaders to plan & execute against the strategy.
  • Forecast new business lines’ revenue growth & budget for investment to achieve growth projections; own & manage the P&L, ensuring the product achieves revenue & profitability targets.
  • Present New Ventures strategy, results, & recommendations to members of FanDuel ELT & other functional leaders with a focus on Group-wide impact & outcomes
  • Develop a deep understanding of FanDuel’s business along with emerging and competitive trends in the real money gaming (RMG) space or adjacencies both domestically and internationally. Partner with Legal/Government Affairs team to understand regulatory environment for emerging RMG trends.
  • Create robust business cases and provide recommendations on whether to enter new verticals with financial projections, strategic considerations, risks, limitations, possible upsides, etc.
  • Build and launch new products by partnering with key stakeholders including Product, Commercial, Marketing, Operations, Legal, and Engineering to gain organizational alignment on product launches.
  • Oversee Year 1 of new venture operations, developing business strategy along with KPIs for measuring success and budgeting for P&L management.
  • Manage and develop team members, supporting project teams with structuring analysis and developing hypotheses, as well as overall professional development and growth.

THE STATS
What we're looking for in our next teammate

  • 6+ years, or 4+ years post-MBA, working in the gaming/gambling industry, management / strategy consulting, venture capital or a relevant adjacency
  • Ability to take broad direction, use initiative, and translate that into actionable output. Strong numerical proficiency and analytical capability.
  • Hands-on experience working autonomously to deliver robust business cases, which draw on a mix of hard data and sensible assumptions.
  • Strong financial modeling and deck making skills to tell a convincing story to executive leadership.
  • Excellent interpersonal skills; skilled at influencing and building relationships, both internal Flutter and external 3rd parties, across the organization at all levels, including with senior leadership
  • Strong organizational & project management skills, with the ability to juggle multiple projects at once
  • Experience and passion for managing and developing junior team members
  • Prior knowledge and interest of sports and technology industries are preferred; ability to quickly develop a deep understanding of the industry and company will be critical to success

PLAYER BENEFITS
We treat our team right

From our many opportunities for professional development to our generous insurance and paid leave policies, we’re committed to making sure our employees get as much out of FanDuel as we ask them to give. Competitive compensation is just the beginning. As part of our team, you can expect:

  • An exciting and fun environment committed to driving real growth
  • Opportunities to build really cool products that fans love
  • Mentorship and professional development resources to help you refine your game
  • Be well, save well and live well - with FanDuel Total Rewards your benefits are one highlight reel after another

FanDuel is an equal opportunities employer and we believe, as one of our principal states, “We Are One Team!” We are committed to equal employment opportunity regardless of race, color, ethnicity, ancestry, religion, creed, sex, national origin, sexual orientation, age, citizenship status, marital status, disability, gender identity, gender expression, Veteran status, or another other characteristic protected by state, local or federal law. We believe FanDuel is strongest and best able to compete if all employees feel valued, respected, and included. We want our team to include diverse individuals because diversity of thought, diversity of perspectives, and diversity of experiences leads to better performance. Having a diverse and inclusive workforce is a core value that we believe makes FanDuel stronger and more competitive as One Team!

The applicable salary range for this position is $144,000 - $180,000, which is dependent on a variety of factors including relevant experience, location, business needs and market demand. This role may offer the following benefits: medical, vision, and dental insurance; life insurance; disability insurance; a 401(k) matching program; among other employee benefits. This role may also be eligible for short-term or long-term incentive compensation, including, but not limited to, cash bonuses and stock program participation. This role includes paid personal time off and 14 paid company holidays. FanDuel offers paid sick time in accordance with all applicable state and federal laws.

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