We’re hiring a Finance Manager of Unit Economics 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 finance leader with a background in building complex unit economic calculations, their supporting processes, and the alignment of their use and reporting in a fast-paced technology environment. You’ll collaborate cross-functionally to establish and refine our understanding of our profitability, the lifetime value of our customers, and customer acquisition costs at the unit level. This leader will build tools that serve as a key element of our financial model and will influence strategic decisions across products. The right candidate will be passionate about establishing best practices throughout the build process and communicating unit economic drivers in a clear and concise way to various levels of the organization.

Reports to: Vice President of Finance

Responsibilities:

  • Establish and manage the cross-functional process to align unit economic calculations within the company; to determine update cadence, variable lock down process, input owners across functions, and alignment of use and reporting
  • Build a financially rigorous calculation with ease of use across less financially savvy departments
  • Influence the organization to drive alignment on a unit economic approach, and establish a common language and reporting structure
  • Oversee capital allocation across multiple channels of customer acquisition spend based on common analysis of unit economic return on investment profiles
  • Develop a deep understanding of channel trade-offs and support the development of a strategic plan for customer allocation spend over several years
  • Research unit economic calculations across peers and other direct to consumer businesses, consult third party advisors and key industry stakeholders to maintain a best in class approach to unit economic review and calculation
  • Provide clear communication and presentation of unit economic drivers across products and consumer segments to senior management, board of directors and investors
  • Develop a deep understanding of key drivers of the insurance company operations, financial performance, and product economics

Qualifications:

  • Minimum of 7 years of finance experience including direct to consumer business model, management consulting or investment banking experience encompassing experience with unit economic calculations
  • Experience in a fast-paced technology environment is a plus
  • Project management experience with ability to lead change in cross-functional environment with competing incentives and objectives
  • Influences senior management by effectively communicating and defending analysis and recommendations
  • Highly analytical, with proven ability in data-intensive financial analysis backed by strong Excel and financial modeling skills 
  • Excellent presentation skills, with the ability to effectively communicate financial concepts, analytical outputs, and business recommendations to a senior leadership audience

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!

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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].