Job description
Why Openly
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.
The Openly Difference
We created Openly because we saw an evident gap in the market for premium insurance made simple. Consumers deserve more complete coverage at competitive prices.
- The Price Difference: Using cutting-edge data and technology, we provide you with customizable, competitive prices to protect your most valuable assets.
- The Policy Difference: Coverages are truly customizable to meet your individual protection needs, for both standard coverages and optional add-ons.
- The Experience Difference: From tailored claims handling to highly responsive customer service, we are focused on making the home insurance purchasing process a better overall experience.
Welcome to your next adventure.
At Openly, our people are just as important as our product. For us, collaboration, communication, and work-life balance are more than nice-to-haves— they’re the must-haves that make us who we are. We believe a great company is the result of a shared set of values, so we look for these qualities in every candidate we hire.
- Integrity
- Empathy
- Teamwork
- Curiosity
- Urgency
We’ve designed our hiring process with you, the candidate, in mind. At every step, you have the chance to present your strengths and learn more about what makes Openly a great place to work.
We’re committed to Diversity, Equity, & Inclusion
We embrace individuality and believe diverse teams are winning teams. Our commitment to inclusion across race, gender, age, religion, identity, and experience drives us forward every day.
Vice President, Analytics
Step into a critical new role as an analytical leader at a company that highly values data-driven decision making, curiosity, and rigorous analysis.
Job Responsibilities
Key advisor to Board, executive team, and leadership. Understands what is happening and why across the business through an analytical lens.
- Critical member of Finance & Strategy and Openly leadership team. Partner with leaders across the entire organization to help drive forward the company’s strategy and results
- Set our OKRs and KPIs and monitor progress against them; recommend actions that will improve our business for our stakeholders
- Own the Financial Plan, forecasting, and strategic financial model inputs and outputs. Need to understand what our key assumptions are and be able to back them up with analysis
- Set targets and monitor progress against these targets for critical initiatives
- Own data strategy, ensuring data is accurate and available when, where, and how it is needed to make decisions
- Drive efficiency in Analytics and across the business - delivering lower costs with scale is a critical element of Openly’s strategy
In addition, this role will lead and have accountability for the following teams:
Operational Analytics & Reporting
- Delivers analysis and reporting that consistently identifies actionable opportunities to drive incremental efficiency and/or growth for our business partners
- Influences strategic decision making and initiative prioritization through analysis-based recommendations (includes competitive intelligence and XFT related work)
Business Intelligence & Data
- Takes data from its raw form and makes it actionable through self-service datasets, reports, and visualizations
- Shortens the time and effort from data —> insight —> decision
Financial Planning & Analysis
- Prepares annual financial planning, forecasting and financial performance analysis to support internal and external reporting needs. This includes, for example, investors, board of directors, executive management, rating agencies and reinsurers.
- Drives financial modeling to support organizational strategic decisions, such as scenario modeling, 5-yr financial projections, and capital optimization analysis.
Example Questions/Decisions this role will impact
What should be our long-term target for metric “X”? What will it take to achieve it?
Should we expand to new product line “Y”?
Why is this metric deviating from plan? What actions could we take to impact it?
Why are we projecting this KPI to accelerate in our forecast?
What data is available to make better decisions and how could we surface that data?
How
Teamwork - this role will influence all of Openly’s key decisions, but solely own few of them. Requires the ability to influence and work collaboratively
Curiosity - bring and be open to new ideas on how things can be done in our business. Verify “common wisdom” or beliefs
Willingness to innovate and try new things will be very important to help us drive scale in analytics and across the business
Solve the right problem with the right tool - not every decision/question requires a heavily detailed model. But some do. The successful person in this role will ensure we are bringing the right analytical tools to the right decisions.
Stay lean - we highly value efficiency and our customers and agents demand that we keep our costs low. This means sometimes we have to forgo analysis for less important decisions to focus our resources on the most important questions
Get into the details - at our stage, every member of the team is expected to be willing and able to dig into models, build analyses and recommendations, etc.
Requirements
- 15+ years relevant experience, Bachelor’s Degree or equivalent combination of education and work experience; Master’s Degree preferred
- Expert technical skills and proven experience with various modeling and analytical techniques and processes
- Advanced experience forecasting operational and financial metrics with a thorough understanding of their impact on financial statements, both on a GAAP and STAT basis
- Experience in pricing/product actuarial work is a plus
- Problem solving through advanced data and statistical analysis
- Work effectively with executive teams and Boards by utilizing clear, concise and analytical communication.
- Make decisions by examining facts, applying expertise, analysis, and sound judgment.
- Lead and influence through ambiguity, applying experience to drive creation and improvement of processes where necessary.
- Strong interpersonal and communication skills to build relationships and trust at all levels with internal stakeholders.
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.
Target Salary Range
$240,000—$285,000 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.
Full Salary Range
$225,000—$375,000 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
- 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.
We strive to provide an exceptional applicant and candidate journey when you engage with us. In an effort to respond to applicants in a timely manner, we leverage AI to organize applications and resumes based on required and applicable skills and experience. To allow our applicants to drive their initial interview experience with us, we may leverage an AI-supported scheduling tool so you can choose when to meet with our team. While AI assists with efficiency, all hiring decisions are made by our team members. Rest assured, your data is protected according to privacy laws and company policies. Contact our recruitment team with any questions about our AI-assisted hiring process.
