New Ventures Director

ABOUT FANDUEL

FanDuel Group is the premier mobile gaming company in the United States and Canada. FanDuel Group consists of a portfolio of leading brands across mobile wagering including: America’s #1 Sportsbook, FanDuel Sportsbook; its leading iGaming platform, FanDuel Casino; the industry’s unquestioned leader in horse racing and advance-deposit wagering, FanDuel Racing; and its daily fantasy sports product.  

In addition, FanDuel Group operates FanDuel TV, its broadly distributed linear cable television network and FanDuel TV+, its leading direct-to-consumer OTT platform. FanDuel Group has a presence across all 50 states, Canada, and Puerto Rico.

The company is based in New York with US offices in Los Angeles, Atlanta, and Jersey City, as well as global offices in Canada and Scotland. The company’s affiliates have offices worldwide, including in Ireland, Portugal, Romania, and Australia.

FanDuel Group is a subsidiary of Flutter Entertainment, 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 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.

In addition to the specific responsibilities outlined above, employees may be required to perform other such duties as assigned by the Company. This ensures operational flexibility and allows the Company to meet evolving business needs.

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

PLAYER BENEFITS
We treat our team right

We offer amazing benefits above and beyond the basics. We have an array of health plans to choose from (some as low as $0 per paycheck) that include programs for fertility and family planning, mental health support, and fitness benefits. We offer generous paid time off (PTO & sick leave), annual bonus and long-term incentive opportunities (based on performance), 401k with up to a 5% match, commuter benefits, pet insurance, and more - check out all our benefits here: FanDuel Total Rewards. *Benefits differ across location, role, and level.

FanDuel is an equal opportunities employer and we believe, as one of our principles states, “We are One Team!”. As such, 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.

The applicable salary range for this position is $144,000 - $198,000 USD, 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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