Openly is rebuilding insurance from the ground up. We are re-envisioning and enhancing every aspect of the customer experience. Doing this requires a rapidly growing team of exceptional, curious, empathetic people with a wide range of skill sets, spanning technology, data science, product, marketing, sales, service, claims handling, finance, etc.
Now is the perfect time to join the journey. Here’s why
- It’s working. We’re in multiple states and on our way to operating countrywide. We have thousands of agents selling our product and millions of dollars of annual customer premiums.
- We’re well-backed & stable. We closed our $100M Series D fundraise. We are supported by some of the top investors globally, including Google’s “Gradient” AI-focused fund, Obvious Ventures, Advance Venture Partners, Eden Global Partners, and Clocktower Technology Ventures.
- It’s not too late! Despite this traction and stability, we’re still early enough in the journey that there’s time to make a real difference during Openly’s formative period.
If you’d like to understand more about Openly’s mission, consider checking out this
video (https://vimeo.com/267654520) from a company pitch we gave several years ago at Techstars.Job Details
Openly is looking to build out its Financial Planning and Analysis team. The ideal candidate will have a strong understanding of insurance finance and a demonstrated ability to produce and maintain financial models. The ideal candidate has prior insurance industry experience and is comfortable using financial systems as well as modeling scenarios in a dynamic, high-growth environment. This position will report to the Manager- Financial Planning and Analysis.
Key Responsibilities
- Own the production of monthly and quarterly internal management reporting and partner with key stakeholders to continuously improve internal reporting capabilities and analysis.
- Automate and continuously improve internal reporting processes to reduce cycle time during month end.
- Assist in the development of financial plans and forecasts, including collaborating with business partners to gather inputs and assumptions and ensure alignment with strategic objectives.
- Create and maintain financial models to support forecasting and scenario analysis and provide insights on potential risks and opportunities.
- Assist in the transition of existing Excel financial models into NetSuite Planning and Budgeting to automate the financial planning process.
- Analyze financial data and performance metrics to identify trends, patterns, and key drivers impacting the business.
- Perform ad hoc financial analysis to support management decision-making.
- Support the development of long-term target setting and ensure alignment with organizational objectives.
- Support development of internal capital models including RBC and other rating agency financial analysis.
Requirements
- Bachelor’s degree in finance, accounting, or a related field with 3-5 years of experience in financial planning and analysis roles.
- Experience in the insurance industry is required.
- MBA, CPA, or CFA designation is preferred, but not required.
- Advanced Microsoft Excel knowledge and skillset.
- Familiarity with financial planning and analysis software (preferably NetSuite).
- Working knowledge of SQL/python is preferred, but not required.
- Proven record of developing and maintaining financial models and continuously improving the financial planning process.
- Exceptional interpersonal and communication skills with both internal and external stakeholders.
#LI-HK1
Compensation & Benefits:
The target salary range represents the budgeted salary range for this position. Actual compensation for this position will be determined based on the successful candidate's experience and skills. We are committed to providing a compensation package that not only reflects the responsibilities and requirements of the role, but also the unique expertise that the chosen candidate will bring to our team.
$100,000
—$120,000 USD
The full salary range shows the min to max salary range for this position. Actual compensation will be commensurate with experience and qualifications and determined based on various factors including the candidate's qualifications, skills, and experience.
$87,450
—$145,750 USD
Benefits & Perks
- Remote-First Culture - We supported #remotelife long before it was a given. We'll keep promoting it.
- Competitive Salary & Equity
- Comprehensive Medical, Dental, and Vision Plan Offerings
- Life and disability coverage including voluntary options
- Competitive PTO - 20 days and 11 paid holidays (including floating holidays) per year under the Company’s vacation and holiday policies.
- Parental Leave - up to 8 weeks (320 hours) of paid parental leave based on meeting eligibility requirements(Birthing parents may be eligible for additional leave through STD)
- 401K Company Contribution - Openly contributes 3% of the employee's gross income, even if the employee does not contribute.
- Work-from-home stipend - We provide a $1,500 allowance to spend on setting up your home workplace
- Annual Professional Development Fund: Each employee has $2,000 in professional development (PD) funds to spend on activities or resources annually. We want each Openly employee to achieve personal and professional success and to feel supported, confident, and informed about improving their efficiency and productivity.
- Be Well Program - Employees receive $50 per month to use towards your overall well-being
- Paid Volunteer Service Hours
- Referral Program and Reward
Depending on position, Employees generally are eligible for cash incentive compensation, including commissions for sales eligible roles. In all cases, eligibility for compensation and benefits is subject to applicable plan and policy terms in effect from time to time.
U.S. Citizens, Green Card Holders, and those authorized to work in the U.S. for any employer and currently residing in the US will be considered.
Openly is committed to equal employment opportunity and non-discrimination for all employees and qualified applicants without regard to a person's race, color, sex, gender identity or expression, age, religion, national origin, ancestry, ethnicity, disability, veteran status, genetic information, sexual orientation, marital status, or any characteristic protected under applicable law. Openly is an E-Verify Employer in the United States. Openly will make reasonable accommodations for qualified individuals with known disabilities under applicable law.
