We’re hiring an Expense Manager in Columbus, OH

Company: Root is a car insurance company founded on the simple idea that people who drive well are less likely to get in accidents, and that means they should pay less for insurance. With a small initial venture capital investment, Root was faced with the challenge of building the entirety of the technology necessary to run a car insurance carrier from scratch. Given Root’s growth opportunities and recent capital raise, the business is at an exciting inflection point transitioning to a growth company analyzing corporate structure, capital strategy, investor communication, corporate metrics/positioning, and forecasting accuracy. With Root position as a disruptor in the traditional insurance industry, our solutions to these financial challenges will be innovative and informed by leading founders, investors, and advisors in the tech world.

Progress: We’ve been in business now for four years. In those four years, we have become the fastest-growing auto insurance company, on a % growth in premium basis. Our most recent round of funding valued us at $3.65B and brought our total VC funding to $523M. Root is now selling insurance in 29 states supported by a team of over 750 people. 

Values:
Embrace the love of the problem.
Question the norm.
Tackle the tough challenges head-on.
Have the uncomfortable conversations.
Ask forgiveness rather than permission. 
Judge on the merits of work.
Celebrate ambitious teamwork.
Lead with empathy. 
Filter the temptation to do the obvious.
 Invest, don’t spend.
Empower the customer to solve.

Culture: Root has been rapidly growing for the last few years. Our early signs of success are in large part due to our unwavering standards in hiring. We recognize that our product is only as good as the people building it. We look for passionate problem solvers who can find solutions by moving through the cycle of ideation to implementation with curiosity and rigor. We work together as one team and expect every team member to lead with empathy and courage.

Position: Root is looking for a highly communicative finance manager with a background in financial analytics and experience building strategic cross-functional relationships to support the development and execution of our expense allocation and management strategy. As part of our Finance Team, you’ll own the implementation and continuous improvement of a new budget process. As part of this process, you will establish connections with leaders across the business to support better decision making through the creation of expense plans, a comprehensive cost allocation structure, management reports, and complex variance analysis.  This role will also partner with leaders when evaluating new business opportunities to determine the optimal expense structure and play a key role in elevating profitability on new business lines. We’re searching for someone who is eager to build new processes and comfortable providing sound business recommendations to senior and executive leaders. 

Reports to: Vice President of Finance

Responsibilities:

  • This individual develops, communicates and implements an expense budget framework across the company
  • Leads the creation of expense allocation strategy across entities and business units shaping profitability profiles of each 
  • Manages variance analysis on historical expenses on both a department and company basis against budgets and forecasts to explain differences in performance and makes recommendations
  • Identifies and communicates opportunities for cost optimization and efficiency improvements to meet business objectives while mitigating financial risk
  • Establishes strong partnerships with business leaders and plays a leading or critical role on cross-functional teams for key projects and analysis
  • Presents management reports for executive leadership to support actionable decision making
  • Develops a deep understanding of key drivers of insurance company operations, financial performance, and product economics
  • Uses technology and data analytic skills to enhance and improve delivery on job responsibilities
  • Performs ad hoc analysis as requested by leadership

Qualifications:

  • Bachelor’s degree in Finance, Economics, Business, or related fields
  • 5+ years of work experience in financial/business analysis, preferably with some experience budgeting/expense management in a fast-paced technology environment
  • Highly analytical, with proven ability in data-intensive financial analysis backed by strong Excel skills
  • Excellent presentation skills, with the ability to effectively communicate financial concepts, analytical outputs, and business recommendations to a senior leadership audience
  • Approaches problem solving with natural intellectual curiosity, open-mindedness, and comfort with ambiguity
  • Self-starter who can work independently, manage multiple projects concurrently, adapt quickly when changes occur
  • Exceptional interpersonal and teamwork skills, with the ability to easily build collaborative working relationships
  • Great attention to detail
  • Ability to work with all levels in an organization

Get in touch

Finding the right people to help us build Root is a top priority. Whether you would like to explore the possibility of working together or simply learn more about the position, we’d love to hear from you!

Apply now

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If you’d like to be a part of what we are building but don’t see an opening that suits you, email us at [email protected].