Job description

Branch is on a mission to make insurance less expensive so more people can be covered. We use data, tech, and automation to simplify insurance from start to finish — cutting out the long, bait-and-switch quotes and unnecessary costs in the traditional insurance process. Then we pass those savings along to our members. The result? Prices in seconds. Hundreds in savings.

But we’re not just changing the way home and auto insurance works. We want to change what it means to “work in insurance,” too. Restoring insurance to its original purpose — a force for communal good. Together, we’re getting back to getting each other’s back.

Branch's Finance and Accounting Team

Our Finance and Accounting team is 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 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 to each department as we collaboratively build the next leading insurance company.

About the Finance Specialist role
The Finance Specialist - Insurance Product Performance will report to the Senior Manager - Insurance Product Performance and work to support the department in all functions. They will frequently interact with executives in other functions, including members of Growth, Product, and our leadership team.

The Finance Specialist - Insurance Product Performance will work collaboratively with the product finance team and partners to ensure that we’re maximizing the effectiveness of our insurance pricing and product. They will 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 proper risk exposure - and will hit each target loss ratio. They will help facilitate the “state of the state” meetings and contribute to the setting and measuring the achievement of state-level goals.

Key Responsibilities

• Leads components of 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.
• Works with the product finance team to 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, help define the vision for the company’s strategic and profitable growth, and automate the measurement and evaluation of insurance product performance.
• Helps implement the strategy set by finance leadership in 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.
• Owns small components of major projects and initiatives within the department and cross-functional.

Skills Knowledge and Expertise

• Bachelor’s Degree in Finance or related field Preferred
• Skilled with financial tools and financial thinking and is developing expertise in the economics of insurance product performance.
• Developing communication skills telling financial stories and ideas while incorporating feedback and tailoring messaging to the different audiences
• 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, learning, and collaborating with others.
• Isn’t afraid to get into the weeds - willing, able, and capable when executing the most detailed level of the team strategy.
• Has excellent financial modeling skills- experience in a P&C environment preferred.
• Comfortable using modern digital data tools to build accurate and complex models.
• Claims financial reporting experience is preferred.
• Use of industry-wide data sets like Fast Track.
• Understanding of loss triangles and rate earnings.

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.

About Branch

It’s time we see the forest through the trees.

At Branch, we think insurance has lost its way. We’re restoring insurance back to its original intent: a force for communal good. We’re getting back to getting each other's back.

Introducing Bundled Home & Auto Insurance powered by community.

At Branch, we are deeply committed to community. Branch is an Equal Employment Opportunity employer – All qualified applicants and/or employees will receive consideration for employment without regard to the individual’s age, race, color, religion or creed, national origin or ancestry, sex (including pregnancy), sexual orientation, gender, gender identity, physical or mental disability, veteran status, genetic information, ethnicity, citizenship, or any other characteristic protected by law.

Job Type: Full-time

Pay: $80,000.00 - $104,000.00 per year

Benefits:

• 401(k)
• 401(k) matching
• Dental insurance
• Flexible schedule
• Health insurance
• Life insurance
• Paid time off
• Parental leave
• Vision insurance

Schedule:

• 8 hour shift
• Day shift
• Monday to Friday

Experience:

• Financial modeling: 1 year (Required)

Work Location: Remote

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