Branch is on a mission to make insurance less expensive, so more people can be covered. We innovate using data, tech, and automation to simplify insurance from start to finish—we eliminated inaccurate quotes in favor of real prices, created a better way to bundle, and cut unnecessary costs in the traditional insurance process. Then we pass those savings along to our members. Basically, we’re doing insurance the way it was meant to be.
But we didn’t just create the insurance we’ve always wanted, we also created the company we’ve always wanted to work for. As we redefine insurance, we also want to redefine what it means to work in insurance. Find out for yourself.Branch has a preference for candidates in Ohio, but is open to candidates located in AL, AZ, CT, FL, GA, ID, IL, IN, IA, KS, KY, LA, MD, MA, MI, MN, MS. MO, NE, NV, NJ, NC, ND, OH, OK, PA, SC, SD, TN, TX, UT, VA, and WI. Branch is remote first, with most Branchers choosing to work from home.
Our headquarters are located in Columbus, Ohio, where we come together from time to time to build relationships and connect with each other in real life. Once a year, the entire company gathers for “BranchFest”, a highlight of the year for many Branchers.
About the Role
The Senior Manager, FP&A & Capital Management holds a pivotal role in driving financial planning, analysis, and capital management strategies within Branch Insurance. Leading a team of individual contributors, this position combines the responsibilities of budgeting, forecasting, reporting and capital management. This person has significant experience running an FP&A process and also has deep knowledge of insurance financials, both STAT and GAAP, and experience managing forecasting and budgeting of expenses, analyzing cost of capital and understanding insurance regulatory frameworks.
Scope of Responsibility
- Lead and manage a team of individual contributors, providing guidance, coaching, and support to ensure their success in both FP&A and capital management functions.
- Oversee the budgeting and forecasting process, collaborating with stakeholders to develop accurate and timely financial plans aligned with strategic objectives.
- Manage the enterprise-level and insurance balance sheet standalone capital forecast model, ensuring efficient capital allocation and compliance with regulatory frameworks.
- Monitor and analyze financial performance, including revenue generation, expense components, and capital utilization, to identify areas of improvement and support decision-making at all levels of the organization.
- Perform comprehensive analysis of capital optionality, evaluating capital structure optimization, risk mitigation efforts, and capital allocation across different business units and risk categories.
- Support enterprise risk management (ERM) efforts by providing insights and recommendations on capital management strategies and risk optimization.
- Conduct reinsurance modeling and analysis to evaluate the impact of reinsurance programs on capital requirements and risk exposure.
- Collaborate with cross-functional teams, such as sales, marketing, operations, finance, and risk management, to understand business drivers and align financial forecasts with strategic goals.
- Ensure compliance with regulatory frameworks and requirements related to capital management in the insurance industry, providing guidance and recommendations to internal stakeholders.
- Provide thought leadership and strategic guidance on capital use, cost of capital, and capitalization methods, driving continuous improvement in capital management practices.
Typical Qualifications
- Bachelor's degree in finance, accounting, actuarial science, or a related field. Advanced degree preferred.
- Minimum of 10 years of experience in the property and casualty (P&C) insurance industry, with a significant focus on capital modeling, capital management, and enterprise risk management.
- In-depth knowledge of capital management principles, including capital allocation, risk optimization, and regulatory compliance.
- Strong understanding of insurance balance sheet management and the factors influencing underwriting company capital position and projected capital needs.
- Experience in reinsurance modeling and analysis, assessing the impact of reinsurance programs on capital requirements.
- Familiarity with regulatory frameworks and requirements related to capital management in the insurance industry.
- Advanced proficiency in financial modeling and analysis, using tools such as Excel, statistical software, and actuarial software.
- Excellent analytical, critical thinking, and problem-solving skills, with the ability to evaluate complex scenarios and provide strategic recommendations.
- Strong leadership skills, with experience in managing and developing teams.
- Effective communication and presentation skills, with the ability to convey complex concepts and insights to both technical and non-technical stakeholders.
Lives into the Roots
Exemplifies and emphasizes Branch’s Roots. Lives through these values while interacting with other Branch team members.
Why join us at Branch?
We’re all about getting back to getting each other’s back—that means Branchers, too. So we provide benefits that let you work and live 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. We’ll take care of your work from home set-up and monthly internet. We also have a Columbus headquarters if you’d like to join us in an office.
- Flexible 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 give you $1000 toward your next vacation.
- Employee stock options—You’re not just an employee. If you’re full-time, you’re also a part-owner. You’ll have stock options so you can invest in the company you’re helping to grow.
- Medical, vision, dental—Get all the coverage you need for a healthy, happy life.
- 401k and contribution matching—Invest in your future. Branch helps you get to retirement on time with a portion of your contributions matched each month.
What to expect
In light of recent hiring scams across the United States, here’s what the process will look like with Branch (so you know it’s us):
- Please apply to open positions directly through our site. If you don’t see it here, then it shouldn’t exist on another job board. If you’re ever unsure about the legitimacy of a Branch job posting found on another site, please check the listings here to verify.
- If you're selected to move onto the next phase of the hiring process, a member of our Branch talent team will reach out to you directly from the email domain @ourbranch.com to guide you through our process.
- The process will include a number of interviews, which will all happen either over the phone or on video calls.
- We will never ask for personal payment or require you to purchase equipment during our interview process. Always be sure to protect your personal information.
Equal Employment Opportunity Employer
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.Compensation Range: $145K
