We’re hiring a Senior Manager/Director of Financial Forecasting 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 forecasting leader with a background in corporate finance, short- and long-term forecasting, modeling and complex financial analysis within rapidly evolving high-growth technology organizations. As the owner of the financial forecasting process/model, you will drive its approach, structure, improvement, and continued maintenance to build a trusted source of truth for the organization to support confident business decisions based on all relevant data and built through rigorous attention to detail. The forecasting model will produce a consolidated view of Root’s expected business results in financial statement format for internal and external use on a quarterly basis. In addition, the financial forecast will guide short-term operational decisions. The right person will be passionate about working across the organization to align assumptions, and build a robust and dynamic forecast. This individual is comfortable making decisions with uncertainty, and rapidly evolving business assumptions.  

Reports to: Vice President of Finance

Responsibilities:

  • Lead the ongoing approach, structure, improvement, and maintenance of the corporate forecast process used for short- and long-term financial forecasting of Root’s business results and financial statements (utilized externally with investors and internal for operational decision making)
  • Runs the quarterly forecast update process, including setting and communicating deadlines with operating functions, gathering inputs from business leaders, and leading discussions with the business leadership team to challenge forecast inputs and evaluating outputs
  • Direct forecast modeling manager to execute on recommended structure, variance analysis and change log to effectively communicate results with functional leaders
  • Works cross-functionally to determine requirements, build, and maintain a dynamic connection between the forecast model and the data warehouse environment
  • Analyze and recommend with close coordination to accounting team an approach to building operating budget process and evaluation of NetSuite planning tool or other system for elevating budget process out of excel (enabling "lighter" excel model approach to long range forecasting)
  • Outline and execute with modeling manager rigorous, detailed financial analysis (including understanding scenario and sensitivity impacts) on key drivers of growth, profit, and capital to inform decision-making and strategy
  • Influence senior management by effectively communicating and defending analysis and recommendations

Qualifications:

  • 10+ years of corporate finance experience including financial planning and analysis in an operating capacity, MBA is a plus. 
  • Investment banking training, or experience working in management consulting or a high growth Venture Capital or Private Equity backed environment is a plus
  • Project management experience including cross-functional teams with competing priorities
  • Experience managing complex financial models with expert excel skills and leadership ability to weigh structural complexity versus output accuracy
  • Experience developing fully integrated financial statement modeling and deep understanding of accounting concepts (CPA not required)
  • Comfortable with uncertainty and rapidly evolving business assumptions
  • Experience influencing C-suite level executives

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].