Found myself becoming a staffer in Corp dev

Joined an infrastructure development company with a large development pipeline and M&A ambition as a senior analyst in corporate development about 2 years ago. Analysts were scattered between finance and another team and created a lot of confusion and inefficiency. 

Performed very well in my first year and the company rolled up all the analysts under me, in finance. The equivalent of associates and directors are in another team, so I don’t get to structure or own the deal or the project, meaning I realized I only get to staff projects given everyone’s capacity. 

Now 1 year into this role, my boss (VP), a lifetime accountant with no transaction/financial modeling experience, thinks I have made myself less visible in the company throughout the year and wants me to play a central role in all projects, but beside being simply another stamp of approval I don’t see what value I can bring to any of this for as long as everyone is under one roof. Meanwhile I have to elbow one’s way, but not an overall pleasant situation to be in as I don’t want to be a staffer


This mess has potentially cost me another promotion, but really confused as to how I can meet and exceed his expectations given this weird structure… taking all suggestions (currently looking to leave)

2 Comments
 

Based on the most helpful WSO content, here are some actionable suggestions to navigate your situation:

  1. Clarify Expectations with Your VP

    • Schedule a direct conversation with your VP to understand what "playing a central role" means in their eyes. Ask for specific examples of what they expect from you and how they define success in your role. This will help you align your efforts with their expectations.
  2. Demonstrate Value Beyond Staffing

    • Even if you're in a staffer-like position, find ways to add strategic value. For example:
      • Proactively identify inefficiencies in the current project allocation process and propose solutions.
      • Offer insights or analysis that go beyond your immediate responsibilities, showcasing your ability to think like a leader.
      • Take ownership of certain aspects of projects, even if you can't structure or own the entire deal.
  3. Build Relationships Across Teams

    • Since associates and directors are in another team, focus on building strong relationships with them. This can help you gain visibility and potentially influence deal structuring or project ownership indirectly.
    • Collaborate closely with them to understand their pain points and offer support, which could position you as a go-to person for critical tasks.
  4. Enhance Your Visibility

    • Volunteer for high-profile projects or initiatives that align with the company’s M&A ambitions or development pipeline.
    • Share your achievements and contributions with your VP and other senior leaders in a subtle but effective manner, such as through regular updates or presentations.
  5. Upskill and Differentiate Yourself

    • If your VP lacks transaction/financial modeling experience, leverage your expertise in these areas to fill the gap. Offer to lead training sessions or provide insights that highlight your unique skill set.
    • Consider pursuing certifications or training that align with the company’s strategic goals, which could make you indispensable.
  6. Evaluate Long-Term Fit

    • If the current structure limits your growth and you feel undervalued, it’s wise to explore external opportunities. However, before leaving, ensure you’ve maximized your learning and contributions in this role to strengthen your resume.
  7. Leverage Internal Advocates

    • Identify senior leaders or colleagues who recognize your contributions and can advocate for you. Their support could help you navigate the internal politics and gain more meaningful responsibilities.
  8. Document Your Achievements

    • Keep a record of your accomplishments, such as process improvements, successful project staffing, or any strategic contributions. This will be useful for performance reviews or when seeking external roles.

If you’re actively looking to leave, focus on roles where you can have more ownership and influence over deals or projects. Highlight your ability to manage teams, streamline processes, and contribute strategically in your applications.

Sources: New VP struggles - asking seasoned VPs for help, How can we do better?, No VP Promote from Sr. Associate - Seeking Advice, Life at Mega Developers, Q&A: Strategic Planner at F500 Industrial Company

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