Director of Financial Planning and Analysis

If you would like to know a bit more about this opportunity, or are considering applying, then please read the following job information.

Role : Financial Planning & Analytics - Director

Salary Midpoint : $135,958

Location : Denver HQ

Who Is Covered?

At Covered, we are focused on making insurance easy to understand and painless to purchase. We combine intuitive technology with a human touch to help consumers quote, compare, and purchase multiple insurance products in minutes.

By partnering with lenders, financial institutions, and fintech companies, we deliver our personalized embedded insurance marketplace to their customers.

What Is Covered?

The best-in-class B2B2C embedded insurance marketplace built specifically for fintechs. We combine award-winning digital insurance experiences, innovative technology, and industry-leading compliance programs to help our partners build a fully digital insurance experience using our APIs, pre-built UI components, and full-service licensed stack.

About This Role

Covered is seeking an experienced, energetic and wickedly smart FP&A talent to join our fast-growing business. This role is a critical role and extraordinary opportunity to provide strategic financial guidance, driving business performance, and supporting decision-making to fuel our company’s growth trajectory.

The ideal candidate thrives in a dynamic environment and is passionate about contributing to the success of a growing company.

Reporting to the CFO, the Director of Financial Planning & Analysis - Fintech / Insurtech, is primarily responsible for overseeing Covered’s financial analytics and forecasting platform and will be a key partner in analyzing strategic growth opportunities that will drive profitable growth for the company.

The successful talent will help develop new processes and tools to improve the FP&A platform as well as overseeing the functional cadence on a day-to-day basis.

The ideal candidate must have a strong understanding of the Company's business activities, as well as the various industries the Company operates in.

Furthermore, the Director of FP&A must understand best practices for aggregating, translating, and presenting information, including budgets, KPIs, financial reports, business activity and forecasts, and other data commonly associated with an FP&A platform.

This role will hold responsibility for translating business activities into financial schedule and detailed analysis to help support decision making.

The successful individual comes out of a Private Equity and / or Financial Services environment with experience in financial services and possesses extraordinary modeling expertise.

Preference will be directed to candidates with M&A, corporate development, strategic growth, and reporting experience with remarkably strong analytical skills.

The talent filling this position is expected to bring creativity, ability to conceptualize and model new untested solutions, and continuous learning and improvement.

In addition, this talent must be able to take seemingly complex situations and simplify them down to a few primary themes, drivers, or outcomes.

The role requires a talent who is highly motivated, a self-starter, deeply curious, and able to effectively communicate and collaborate with a small, but highly effective team in a growing organization.

This is an incredible and rare opportunity to grow with an extraordinary company in a fast-growing industry who works with exceptional stakeholders.

Yep, We Have Benefits!

At Covered, our cultural DNA is our brand! This position includes a competitive benefits package to include an extraordinary culture, medical, dental, vision, FSA, HSA, AD&D, Life Insurance, STD, LTD, 401(k), casual time off, and 11 paid holidays.

Role Accountabilities Include, But Are Not Limited To :

• Report directly to the CFO and take charge of the build out of robust financial models and analyses to support strategic business decisions including complex partnerships, investments, and M&A.
• Oversee the Company's FP&A platform including managing all deliverables and assisting with communicating performance to Company leadership.
• Manage the annual planning calendar including budget creation and quarterly re-forecasts, capital spend planning, and reporting cadences.
• Assist with building out the business intelligence platform and eliminating all manual performance reporting.
• Assess the company's current financial and operational data platform and help create strategies to improve processes for capturing important data and making it available in the company's reporting and Business Intelligence platforms.
• Perform recurring and ad hoc analyses.
• Research FP&A software and methodologies and help create the company's Fintech roadmap.
• Maintain the company's LOB performance reporting such as budget comparisons and financial forecasting, including the company's investment performance.
• Perform scenario analysis to better understand potential opportunities or risks regarding new strategies or changes in cost structure.
• Board preparations and external reporting to include narratives and analyses.
• Support financial analysis to include development and tracking of KPIs, executive dashboarding, preparing financial reports and driver-based analysis, rolling forecasts and cross-departmental analytics.
• Manage the equity and option record-keeping process.
• Perform partner profitability and ROI analysis and support the Business Development team in communicating these to channel partners.
• Oversight of offshore resources; Management and oversight of FTEs as required.
• Research current and future supplier and partner contracts and prepare analysis around financial impacts of potential alternative contract structures.
• Conduct industry and competitive research and analysis.
• Support annual 409A valuation and annual audit requirements as necessary.
• All other duties as assigned.

Work Environment

The work environment characteristics described here are representative of those a Cohort encounters while performing the essential functions of this job.

Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions. Incumbents work in an office and / or remote environment.

This role routinely uses standard office equipment such as computers, phones, photocopiers, scanners, and projection equipment.

Physical Requirements

Essential Role Requirements (Must be able to be performed with or without reasonable accommodation) :

• Physical Demands :
• Must be able to sit for extended periods of time.
• Possess visual acuity in order to see a computer.
• Must possess manual dexterity in order to work on a computer.
• Must have command of the English language to effectively communicate.
• Must be able to hear clients, partners, and internal staff.
• Opportunistic travel as may be required.

Disclaimer

This is an outline of the primary responsibilities of this position. As with everything in life, things change. The tasks, accountabilities and / or experience requirements may be changed, added to, removed, amended, deleted and modified at any time by management with, or without prior notice.

We are an equal opportunity employer and do not discriminate on the basis of any protected attribute, protected under applicable law.

We make reasonable accommodations for applicants' and employees' religious practices as well as any mental health or physical disability needs.

Employment decisions, including hiring decisions, are based on performance experience.

This job description is intended to provide information essential to understanding the scope of this position and the general nature and level of work performed by job holders within this position.

This job description is not intended to be an exhaustive list of qualifications, skills, efforts, duties, responsibilities, or working conditions associated with the position.

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