Finance Manager - Insurance Product Performance

POSTED ON 7/7/2022 CLOSED ON 10/24/2022
Branch Insurance Hired Organization Address Columbus, OH Full Time

Job Posting for Finance Manager - Insurance Product Performance at Branch Insurance

Finance Manager - Insurance Product Performance

Department: Finance and Accounting

Employment Type: Full Time

Location: United States

Description

Branch is on a mission to make insurance less expensive, so more people can be covered. We use technology, data, and automation to avoid bait-and-switch quotes and unnecessary costs that can make getting covered a struggle. The result? Prices in seconds. Hundreds in savings passed along to our members.

Our team is venture-backed, natively remote, and growing fast, recently achieving an over $1 Billion valuation. We’re working together to restore insurance to its original purpose - a force for communal good. 

Branch's Finance and Accounting Team

Our Finance and Accounting team works as the backbone of financial management and reporting for the entire Branch Organization.  We bring best practices in automation into a traditionally task-focused area to unleash talented professionals to spend more of their time on value-add investigations and less of their time on repetitive work. We're responsible for everything from treasury management and statutory accounting to financial planning and strategic initiatives.  We provide best-in-class financial information into each department as we collaboratively build the next leading insurance company.

About the Finance Manager - Insurance Product Performance role

The Finance Manager - Insurance Product Performance role is responsible for ensuring that we’re maximizing the effectiveness of our insurance pricing and product.  They work collaboratively with claims, insurance product management, actuarial science, and our growth leaders to ensure that Branch is growing at the right pace - with the right risk exposure - and going to hit each target loss ratio. They will be the main facilitator for “state of the state” meetings and will be primarily responsible for setting and measuring achievement of state-level goals.


Key Responsibilities

  • Leads the setting and managing of state-level premium and loss targets in keeping with the strategy of hitting our target loss ratio while growing quickly. 
  • Develop models to predict loss ratio outcomes, and measure those models against actuals to ensure that predicted results are being met.
  • Collaboratively work across our finance, accounting, product, actuarial, claims, and data analytics teams to solicit cross-functional needs, define the vision for the company’s strategic and profitable growth, and automate the measurement and evaluation of insurance product performance.
  • Build a talented team of analysts and teach them in insurance product fundamentals, loss modeling practices, and financial communication
  • Implements the strategy set by finance leadership in the areas of financial modeling and prediction for premiums and losses.
  • Applies best practices, principles, and techniques consistently to improve finance and accounting data security and clarity to lead to improvements in financial analytics. 
  • Tactical approach to deliverables. Occasionally contributes to strategic discussions.
  • Owns small components of major projects and initiatives that are within the department and cross-functional.


Skills Knowledge and Expertise

  • Bachelor's Degree or related Experience
  • Experience in financial modeling in a Property and Casualty insurance context
  • Claims Financial Reporting experience
  • Use of industry wide data sets like Fast Track
  • Understanding of loss triangles and rate earnings
  • Is excellent at communicating financial stories and ideas while incorporating feedback from overall strategic plans into their communication by tailoring reporting to the respective audience.
  • Aspires to influence through empathy as the finance department lives into its mandate to educate and inform the broader business using cross-departmental knowledge and financial information.
  • Enjoys teaching and leading others to learn and grow in their careers
  • Isn’t afraid to get into the weeds - every leader at Branch is a player-coach who is willing, able, and capable when it comes to executing on the most detailed level of the team strategy. 
  • Has excellent skills in financial modeling - especially in the area of P&C insurance - and is capable of using modern digital data tools to build accurate, complex models.


Benefits

Why join us at Branch? 

We don’t just get our member’s backs. When you’re a Brancher, we’ve got yours, too — starting with benefits that let you live and work to your fullest. 
  • Above-market salary — Branch is a data-driven company. So we do the math on salaries, too. If you get an offer from Branch, you can expect compensation that hits *above* the mark.
  • Pay equity and transparency — Our pay isn’t just above market, it’s equitable. We let experience and performance drive your success, never your gender, race, orientation, or beliefs. 
  • Remote-first (with perks) — Work from where you’re most comfortable and expense your WFH set up and monthly internet. We’ve also got a Columbus HQ and Chicago hub if you like working in an office. 
  • Unlimited “YouTime” — We don’t just let you control your own time off.  We actually encourage you to use it. After your first year at Branch, we’ll even cover up to $1,000 towards your next vacation. 
  • Employee stock options — You’re not just a worker. All full-time employees are part-owners with your own stock options, so you’re personally invested in the company’s growth.
  • Medical, Vision, Dental — Get all the coverage you need for a healthy, happy life. We’ll also contribute $150/month to a Health Savings Account (HSA), administered by Branch.
  • 401k and contribution matching — Set yourself up for your future retirement. Branch helps you get there on time with a portion of your contributions matched each month. 

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Salary.com Estimation for Finance Manager - Insurance Product Performance in Columbus, OH
$133,303 to $179,917

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