Senior Manager, FP&A & Capital Management

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.