Porch Group · 6 hours ago
Director, Insurance Finance
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Responsibilities
Develop and manage the annual budget, financial forecasts, and long-term financial plans for the insurance division.
Collaborate with senior management to align financial strategies with business objectives and growth plans.
Conduct detailed financial analysis and provide insights on performance metrics, profitability, and operational efficiency.
Evaluate financial impacts of business decisions, including market expansions, and strategic investments.
Analysis on unit economics and integration of Porch insurance into the Porch
Coordinate Balance Sheet forecasting with support of the Insurance Finance team
Prepare and present financial reports, including variance analysis, financial statements, and management reports and board reporting
Ensure accurate and timely financial reporting to internal stakeholders and regulatory bodies.
Timely and accurate reporting of internal management reports for Operations meetings and dashboards: Executive, Financial, Marketing & Sales, and Claims metrics.
Timely and accurate reporting of management reports to Porch Group
Understanding how insurance metrics at the corporate level will be managed.
Oversee the development and maintenance of financial models, forecasts, and dashboards to support data-driven decision-making.
Develop a tool for scenario building and ability to break down complex items into a simple structure
Ensure data integrity and accuracy in financial systems and reporting tools.
Lead and mentor a team of financial analysts and planners, providing guidance and support for professional development.
Foster a collaborative and results-oriented team environment.
Identify opportunities for process improvements in financial planning and reporting processes.
Implement best practices and tools to enhance efficiency and effectiveness.
Ensure compliance with accounting standards, regulatory requirements, and internal controls.
Assess and manage financial risks, including insurance reserves, capital adequacy, and investment performance.
Qualification
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Required
12+ years’ experience with all phases of P&C insurance company finance and accounting, investment and treasury operations, and financial planning and analysis
P&C Insurance Experience Required.
Bachelor's degree with an emphasis in Finance/Accounting.
Knowledge of US STAT & GAAP as well as SEC reporting standards.
Excellent verbal and written communication skills, especially related to personnel development, project management, budgeting, planning and management reporting.
Able to effectively and diplomatically interface with all levels of management and personnel.
Excellent excel and modeling skills.
Ability to deal effectively with individuals at all levels and attain desired results.
Must have the ability to collaborate with cross-functional team to achieve business results.
Works well under stress and tight deadlines.
Effective communication, presentation, negotiation and persuasion skills.
Balances listening and talking, speaking and writing clearly and accurately, influencing others and keeping others informed.
Achieves a standard of excellence with work processes and outcomes, honoring company policies and regulatory compliance.
Team oriented, building strong working relationships and a positive work environment.
Preferred
CPA Designation Preferred.
Benefits
Medical plan options
Dental plan options
Vision plan
Critical Illness, Hospital Indemnity and Accident plans
Health Savings Account
Flexible Savings Accounts including healthcare, dependent care, and transportation savings options
Basic Life and AD&D
Short and Long-Term Disability benefits
Voluntary Life and AD&D plans
Traditional and Roth 401(k) plans
Headspace
Brio Health
LifeBalance
Flexible paid vacation
Company-paid holidays of typically nine per year
Paid sick time
Paid parental leave
Identity theft program
Travel assistance
Fitness and other discounts programs
Company
Porch Group
Porch Group is a vertical software platform for residential environments.
Funding
Current Stage
Public CompanyTotal Funding
$648.85MKey Investors
Wellington ManagementRunway Growth CapitalValor Equity Partners
2023-04-17Post Ipo Debt· $333M
2022-04-15Post Ipo Equity· $4M
2021-10-01IPO· undefined
Recent News
Coverager - Insurance news and insights
2024-11-19
2024-11-11
2024-11-04
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