We’re hiring a Director of Capital Markets 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 leader with a background in capital markets, strategy, and financial planning and analysis to develop and implement the companies capital strategy. As the leader of capital markets, you will develop and execute Root’s short and long-term capital strategy to support the needs of a high-growth organization through capital transactions (debt and equity), management of the terms and covenants, and identification of key lending and underwriting/agent partners. You will also be responsible for the cultivation and management of new and existing investor and banking relationships. The right candidate will be an exceptional communicator, have experience in cross-functional project management and be comfortable in embracing the ambiguity and energy of a high-growth organization.

Reports to: Chief of Corporate Finance

Responsibilities:

  • Lead the development and continuous improvement of a short and long-term capital strategy for Root supporting the funding needs of a rapid-growth organization
  • Manage and cultivate investment banker relationships, develop an in-depth understanding of all types of capital (equity, debt, reinsurance) and cost of each
  • Build an investor relations function communicating with current equity and debt investors and cultivating new ones
  • Recommend and execute capital transactions, identifying underwriting/agent partners, manage the development of critical economics and terms, identifying key lending partners, and execute on funding initiatives
  • Work closely with the finance team to match capital needs to operational forecast and to report on covenant obligations of capital structure
  • Work closely with internal and external legal counsel to develop legal documents mirroring developed terms
  • Work across company leadership to establish management presentations and diligence materials as needed

Qualifications:

  • 10+ years of finance experience ideally including both capital markets (either at an investment bank or finance lead on capital raise for corporate) and financial planning and analysis
  • Project management experience including internal and external stakeholders/advisors and cross-functional teams often with little finance/capital markets understanding
  • Experience developing corporate management presentations either through sell-side investment banking experience or corporate board reporting, excellent communication and power-point skills
  • Experience developing fully integrated financial statement modeling utilized in capital raise situations
  • Experience working in high growth Venture Capital or Private Equity backed environment is a plus
  • Comfort with uncertainty and rapidly evolving business assumptions
  • Professional with experience managing high-value external relationships either in an investment banking client management capacity, B2B customer management, or investor management environment

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].