Associate - Growth Capital Applications close 31 October 2020

Snowball Effect is looking for a new Growth Capital Associate to join our energetic and growing team.

If you’re the right sort of person, you’ll love working with a diverse range of businesses and want to be part of a high performing company on a mission to improve New Zealand’s capital markets.

We will consider candidates from a diverse range of backgrounds as we are looking for exceptional people who are passionate about what we are doing and want to play an integral part in the success of our business. We are on the hunt for outstanding candidates that can demonstrate a strong ability to be proactive, learn quickly, and to get the job done.

About Snowball Effect

Snowball Effect is an online marketplace that aims to simplify investor access to a range of investment opportunities. We do this by facilitating offers of securities through public offers, private offers, and wholesale investor offers. Since launching six years ago, we have raised more than $75m of capital for Kiwi businesses.

Our vision is to make a significant impact on improving the New Zealand capital markets. We see an opportunity to provide investors with easy access to financial products, while also providing tools for them to manage their portfolio and engage directly with the companies and sectors of interest. For companies, we provide a complete capital raising package and access to a wide investor audience, so it’s a quick and efficient way to raise funds. We believe that there is a significant opportunity to provide fresh thinking and new technology to a relatively stagnant industry.

We’re motivated by the significant positive impact we can make by building a thriving marketplace to connect growth companies with the capital, services, tools and people they need to help them expand.

Our values

  • Quality – To help promote great outcomes for investors and companies we always take a long term view – seeking sustainable growth over short term wins. We are not afraid to say ‘No’.

  • Experts – We are the experts in growth company capital raising in New Zealand.

  • Team – We always try to do what is best for the team. We nurture an environment where we can support and encourage each other.

  • Courage – We are a team of pioneers and innovators, prepared to take risks, to work hard and hustle, leading the way in developing a new, more efficient and inspiring capital market in New Zealand.

Snowball Effect offices
Snowball Effect offices
Snowball Effect offices

The Role

Our initial success has paved the way to significantly develop our core offering and explore complementary opportunities. At this stage, our target market is the growth sector – typically businesses with several million dollars in revenue, and seeking anywhere from $1-10m in capital to fund growth. For many investors this type of company has a far more appealing risk / return profile, with a far clearer path to exit. As a sector, these companies are under-serviced. They’re too large for angel groups, and too small for Private Equity funds. While some of these companies, particularly those approaching a listing, or those who would benefit from the publicity want to offer shares to the public, some are also after larger and / or ‘strategic’ investors. Snowball Effect has an investor audience of 27,000+ investors, with 1,100+ certified as ‘wholesale investors’.

It is important that we develop a pipeline of high-quality companies wanting to raise capital, then tailor the best solution to that company. Our Growth Directors are charged with identifying high quality companies who are seeking capital, then working alongside these companies and investors to execute the capital raises.

We’re hiring a Growth Capital Associate to support the ongoing development of Snowball Effect’s marketplace, and more specifically, to work closely with the Growth Directors to identify suitable opportunities, and ultimately help to prepare companies for their capital raise. Growth Capital Associates also play a crucial role in the ongoing development of Snowball Effect.

You’ll provide the skills and expertise to support this fundamental and growing part of our business and continue to develop it into a thriving and highly profitable business unit within our wider marketplace. The role will be challenging as the path forward is largely unchartered, with the role critical to the success of the business.

It is important that Snowball Effect continues to have a distinctively different voice and retains a personality that distinguishes it from the rest of the capital market, and that both investors and companies are attracted to a far more exciting, personable, and intimate experience as a result. Where possible, you’ll want to develop a strong network within the New Zealand capital markets, with entrepreneurs, advisors, and investors.

Key Accountabilities

You will actively support the Growth Directors in the identification of suitable companies to work with to raise capital. You will be tasked with supporting the initial engagement with companies seeking capital, including the preparation of Investment Summaries, Information Memorandums, as well as supporting other aspects of offer development such as compliance, legal, and finance.

You will be tasked with:

  • Developing relationships with professional service providers, government agencies, company CEOs and the wider capital markets community.
  • Developing high quality information packs which will include Information Memorandums, online offer pages, and other written information to support a successful capital raise.

    Being highly proactive in seeking out opportunities to speak with companies and their service providers to ensure that Snowball Effect is front of mind when raising capital.

    Constantly looking for new opportunities to get in front of high quality companies and investors with the Snowball Effect suite of products.

    Exploring the use of new technology and processes to help Snowball Effect become an increasingly efficient operation.

    Working with our investor network to ‘market test’ opportunities before taking offers to a wider investor audience. This means ensuring that the key terms of an offer are fair and reasonable, and that written material resonates with investors and portrays the opportunity well.

You will also have responsibilities for various day to day tasks that are crucial to the operational success of Snowball Effect. These include:

  • Conducting thorough AML and compliance processes.
  • Supporting the PR and marketing teams for public capital raises.
  • Project management of capital raises to ensure timelines are adhered to.
  • Supporting the development of new products and features.
  • Investor relations and customer support.
  • Supporting shareholder communications between companies and investors.

New Opportunities

There will also be the opportunity to play a meaningful role in the development of other Snowball Effect products. These include things such as:

  • Orchestra - a stakeholder management tool allowing companies and investors to manage share registries, company compliance, stakeholder engagement and ESOP schemes.
  • Share trading technology designed specifically for private companies which aims to address issues relating to compliance, liquidity and broker support.
  • New financial products that sit alongside high-risk equity within an investor’s portfolio such as debt, hybrid debt and equity products, and other financial instruments across a range of asset classes.

There will of course be others that emerge in time.

Final Words

This is a critical support position within Snowball Effect and will play a key role in developing an important part of New Zealand’s capital markets. The role provides a wide scope of future opportunities and career development within the business.

Snowball Effect benefits from world class directors and advisors. Day to day we’re a small team of 11 with a flat structure. Everyone in the team has a specific role, with each role commanding significant responsibility. As a company we’re focused, with a clear plan of where we’re heading. We expect performance of the highest calibre and we’re confident that our remuneration is representative of the investment we expect from each team member of the team in Snowball Effect’s success.

We’re here for the long term, and this role provides the right person with an opportunity to play not only a critical role in driving business growth, but also to shape the future of New Zealand’s capital markets.

If you’re excited by this opportunity, please send your CV to Simeon Burnett – [email protected]