VCP Investment Coordinator

Governor of Illinois; Chicago (IL); On-site; USD 80,000 - 100,000; Full time

Job summary

Join a dynamic team in the Illinois Department of Commerce and Economic Opportunity, where you will play a crucial role in supporting tech startups through the Venture Capital Program. This position offers a unique opportunity to engage with entrepreneurs, assist in investment administration, and contribute to the economic growth of the state. With a focus on collaboration and innovation, you will help shape the future of Illinois’ business landscape while enjoying competitive benefits and a supportive work environment. If you are passionate about entrepreneurship and economic development, this is the perfect opportunity for you.

Benefits

Flexible Work Schedule

Health Insurance

Retirement Plans

Career Advancement Opportunities

Qualifications

• Requires a Bachelor's degree in business-related fields.
• Two years of experience in economic development required.

Responsibilities

• Administers investments through the Venture Capital Program.
• Provides guidance to businesses receiving investments.

Skills

Investment Administration

Financial Modeling

Microsoft Excel

Public Presentations

Education

Bachelor's Degree in Business Administration

Bachelor's Degree in Economics

Tools

Microsoft Excel

Job description

Job Requisition ID:46987
Closing Date: 05/22/2025
Agency:Department of Commerce and Economic Opportunity
Class Title:IND & COM DEVLPMT REP II - 21052
Skill Option:None
Bilingual Option:None
Salary: Anticipated Starting Salary $6,005 monthly; Full Range $6,005 - $8,678 monthly
Job Type: Salaried
Category:Full Time
County: Cook
Number of Vacancies: 1
Bargaining Unit Code:RC062
Merit Comp Code:

This position is a union position; therefore, provisions of the relevant collective bargaining agreement/labor contract apply to the filling of this position.

Please provide a copy of your college transcripts for verification. Official transcripts are not required.

All applicants who want to be considered for this position MUST apply electronically through the illinois.jobs2web.com website. State of Illinois employees should click the link near the top left to apply through the SuccessFactors employee career portal.

Applications submitted via email or any paper manner (mail, fax, hand delivery) will not be considered.

Why Work for Illinois?

Working with the State of Illinois is a testament to the values of compassion, equity, and dedication that define our state. Whether you’re helping to improve schools, protect our natural resources, or support families in need, you’re part of something bigger—something that touches the lives of every person who calls Illinois home.

No matter what state career you’re looking for, we offer jobs that fit your life and your schedule—flexible jobs that provide the gold standard of benefits. Our employees can take advantage of various avenues to advance their careers and realize their dreams. Our top-tier benefits and great retirement packages can help you build a rewarding career and lasting future with the State of Illinois.

Position Overview

The Illinois Department of Commerce and Economic Opportunity (DCEO) is seeking to hire a purpose-driven, initiative-taking individual interested in providing support for Illinois’ tech startups. The Office of Entrepreneurship, Innovation & Technology (OEIT) supports entrepreneurs through a variety of programs providing capital directly to small businesses. This position would be responsible for issuing investments for the Venture Capital Program. We invite qualified applicants to apply for the position of OEIT’s Venture Capital Program Investment Coordinator and help DCEO to continue to provide capital for Illinois’ startups.

Essential Functions

• Organizes and administers investments made through the Venture Capital Program.
• Provides guidance, advice and assistance to businesses receiving investments.
• Confers and follows through on final negotiations with DCEO’s legal team and tech startups.
• Monitors investments through the Venture Capital Program.
• Prepares and drafts reports.
• Performs other duties as required or assigned which are reasonably within the scope of the duties enumerated above.

Minimum Qualifications

• Requires knowledge and experience equivalent to completion of four (4) years of college with concentration in one or more of the following fields: industrial development, business administration, economic geography, marketing or economics; appropriate business experience may be substituted for college on a year-for-year basis.
• Requires two (2) years of professional experience in the field of industrial and/or community economic development.

Preferred Qualifications

• Prefer four (4) years of college with concentration in one or more of the following fields: accounting, engineering, or sciences.
• Prefer two (2) years of experience in the field of consulting, startups, entrepreneurship, business, or incubators/accelerators.
• Prefers six (6) months or more of professional experience with grant or investment administration activities.
• Prefers six (6) months or more of professional experience with extracting pertinent information from extensive documents to successfully process grant or investment projects through review to establishment.
• Prefers advanced level Microsoft Excel proficiency.
• Prefers six (6) months or more experience with financial modeling, including work with capitalization (cap) tables, return on investment (ROI) analyses, three-statement models/projections, and modeling of business cases/unit economics for customer value propositions.
• Prefers six (6) months or more of professional experience with providing detailed technical assistance, including written and oral instruction of complicated requirements in a clear manner.
• Prefers six(6) months or more of professional experience with handling a large volume of projects simultaneously while meeting the required timelines.
• Prefers six (6) months or more of professional experience making public presentations.
• Prefers six (6) months or of professional experience with administering a public program.

Conditions of Employment

• Requires completion of a background check and self-disclosure of criminal history.

The conditions of employment listed here are incorporated and related to any of the job duties as listed in the job description.

About the Agency

The mission of the Illinois Department of Commerce and Economic Opportunity (DCEO) is to create equitable economic opportunities across the State of Illinois. By attracting and supporting major job creators, investing in communities, strengthening Illinois’ world-class workforce, fostering innovation, and ushering in the new clean energy economy, DCEO works to fortify Illinois’ reputation as a global economic powerhouse while ensuring Illinois is the best state to live, work and do business.

Work Hours: Mon - Fri 8:30am - 5:00pm
Work Location: 555 West Monroe Street, Chicago IL 60661
Agency Contact: [e-mail] ( FOR INQUIRIES ONLY -INTERESTED APPLICANTS MUST APPLY ONLINE )
Posting Group: Fiscal, Finance & Procurement

This position DOES NOT contain “Specialized Skills” (as that term is used in CBAs).

APPLICATION INSTRUCTIONS

Use the “Apply” button at the top right or bottom right of this posting to begin the application process.

If you are not already signed in, you will be prompted to do so.

State employees should sign in to the career portal for State of Illinois employees – a link is available at the top left of theIllinois.jobs2web.com homepage in the blue ribbon.

Non-State employees should log in on the using the “View Profile” link in the top right of theIllinois.jobs2web.com homepage in the blue ribbon. If you have never before signed in, you will be prompted to create an account.

If you have questions about how to apply, please see the following resources:

State employees: Log in to the career portal for State employees and review the Internal Candidate Application Job Aid

Non-State employees: on Illinois.jobs2web.com– click “Application Procedures” in the footer of every page of the website.

The main form of communication will be through email. Please check your “junk mail”, “spam”, or “other” folder for communication(s) regarding any submitted application(s). You may receive emails from the following addresses:

• [e-mail]
• [e-mail]