Director, Insurance Finance (Property & Casualty) - Porch
Dallas, TX
About the Job
Porch Group is a leading vertical software and insurance platform and is positioned to be the best partner to help homebuyers move, maintain, and fully protect their homes. We offer differentiated products and services, with homeowners insurance at the center of this relationship. We differentiate and look to win in the massive and growing homeowners insurance opportunity by 1) providing the best services for homebuyers, 2) led by advantaged underwriting in insurance, 3) to protect the whole home.
As a leader in the home services software-as-a-service ("SaaS") space, we've built deep relationships with approximately 30 thousand companies that are key to the home-buying transaction, such as home inspectors, mortgage companies, and title companies.
In 2020, Porch Group rang the Nasdaq bell and began trading under the ticker symbol PRCH. We are looking to build a truly great company and are JUST GETTING STARTED.
Job Title:Director, Insurance Finance (Property & Casualty)
Location: United States
Workplace Type: Remote
Job Summary
The future is bright for the Porch Group, and we'd love for you to be a part of it as our Director, Insurance Finance (Property & Casualty).
The Director of Insurance Finance will be reporting into the SVP of Finance and Treasury and will be responsible for leading and managing the financial planning and analysis functions for the insurance division. This role involves overseeing budgeting, forecasting, financial reporting, and analysis to support strategic decision-making and ensure financial health. The ideal candidate will possess a deep understanding of the insurance industry, strong analytical skills, and the ability to communicate complex financial information effectively.
What You Will Do As A Director, Insurance Finance (Property & Casualty)
Strategic Financial Planning:
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.
Financial Analysis:
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
Reporting:
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.
Data Management:
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.
Team Leadership:
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.
Process Improvement:
Identify opportunities for process improvements in financial planning and reporting processes.
Implement best practices and tools to enhance efficiency and effectiveness.
Compliance and Risk Management:
Ensure compliance with accounting standards, regulatory requirements, and internal controls.
Assess and manage financial risks, including insurance reserves, capital adequacy, and investment performance.
What You Will Bring As A Director, Insurance Finance (Property & Casualty)
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.
REQUIRED EDUCATION, WORK EXPERIENCE, LICENSES & CERTIFICATIONS
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.
CPA designation preferred.
The application window for this position is anticipated to close in 2 weeks (10 business days) from September 17, 2024. Please know this may change based on business and interviewing needs.
At this time, Porch Group does not consider applicants from the following states for remote positions: Alaska, Arkansas, Delaware, Hawaii, Iowa, Maine, Mississippi, Montana, New Hampshire, and West Virginia.
What You Will Get As A Porch Group Team Member
Pay Range*: $157,500.00 - $220,500.00 annually
*Please know your actual pay at Porch will reflect a number of factors among which are your work experience and skillsets,job-related knowledge, alignment with market and our Porch employees, as well as your geographic location.
Additionally, you will be eligible to receive long-term incentive awards, subject to program guidelines and approvals.
You will also be eligible to receive an annual bonus based on individual and company performance, subject to program guidelines and approvals.
Our benefits package will provide you with comprehensive coverage for your health, life, and financial wellbeing.
- Our traditional healthcare benefits include three (3) Medical plan options, two (2) Dental plan options, and a Vision plan from which to choose.
- Critical Illness, Hospital Indemnity and Accident plans are offered on a voluntary basis.
- We offer pre-tax savings options including a partially employer funded Health Savings Account and employee Flexible Savings Accounts including healthcare, dependent care, and transportation savings options.
- We provide company paid Basic Life and AD&D, Short and Long-Term Disability benefits. We also offer Voluntary Life and AD&D plans.
- Both traditional and Roth 401(k) plans are available with a discretionary employer match.
- Headspace is part of our employer paid wellbeing program and provides employees and their families access to on demand guided meditation and mindfulness exercises, mental health coaching, clinical care and online access to confidential resources including will preparation.
- Brio Health is another employer paid wellbeing tool that offers quarterly wellness challenges and prizes.
- LifeBalance is a free resource to employees and their families for year-round discounts on things like gym memberships, travel, appliances, movies, pet insurance and more.
- Our wellness programs include flexible paid vacation, company-paid holidays of typically nine per year, paid sick time, paid parental leave, identity theft program, travel assistance, and fitness and other discounts programs.
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What's next?
Submit your application and our Porch Group Talent Acquisition team will be reviewing your application shortly! If your resume gets us intrigued, we will look to connect with you for a chat to learn more about your background, and then possibly invite you to have virtual interviews. What's important to call out is that we want to make sure not only that you're the right person for us, but also that we're the right next step for you, so come prepared with all the questions you have!
Porch is committed to building an inclusive culture of belonging that not only embraces the diversity of our people but also reflects the diversity of the communities in which we work and the customers we serve. We know that the happiest and highest performing teams include people with diverse perspectives that encourage new ways of solving problems, so we strive to attract and develop talent from all backgrounds and create workplaces where everyone feels seen, heard and empowered to bring their full, authentic selves to work.
Porch is an Equal Opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex including sexual orientation and gender identity, national origin, disability, protected veteran status, or any other characteristic protected by applicable laws, regulations, and ordinances.
Porch Group is an E-Verify employer. E-Verify is a web-based system that allows an employer to determine an employee's eligibility to work in the US using information reported on an employee's Form I-9. The E-Verify system confirms eligibility with both the Social Security Administration (SSA) and Department of Homeland Security (DHS). For more information, please go to the USCIS E-Verify website.