Full-Time

Sr. Financial Analyst

Posted on 7/1/2024

Next Insurance

Next Insurance

501-1,000 employees

Tailored business insurance for small businesses

Consulting
Financial Services

Compensation Overview

$100k - $125kAnnually

+ Equity Incentive Program

Mid

Palo Alto, CA, USA

Hybrid position requiring in-office presence.

Category
Financial Planning and Analysis (FP&A)
Finance & Banking
Required Skills
Communications
Requirements
  • BA/BS in finance, accounting, economics or a quantitative discipline (Masters is a plus)
  • 2-4 years of FP&A experience with a track record of supporting financial forecasts; ideally at a growth stage SaaS startup or tech company (insurance experience is a plus)
  • A strong understanding of all three financial statements (income statement, balance sheet, and cash flow) and associated drivers across all three statements
  • Ability to break down and solve complex problems with strong business acumen & data-driven techniques
  • Understand SaaS business models and reporting metrics
  • Excellent attention to detail and organizational skills, ability to multitask in a fast-paced environment with competing and shifting priorities
  • Team player with strong interpersonal skills along with strong verbal and written communication skills
Responsibilities
  • Own and maintain complex financial models for actual, forecast, and planning processes
  • Prepare monthly and quarterly financial analyses providing insights into key drivers across the financial statements (income statement, balance sheet, and cash flow), as well as risks and opportunities
  • Support company-wide initiatives to drive improvements in gross margin and profitability
  • Structure, build, and maintain complex financial and decision-making models to support key business outcomes
  • Support the long-range and annual planning process including income statement, balance sheet, and cash flow
  • Partner with departments to deliver accurate financial forecasting including analysis and recommendations
  • Prepare commentary and presentation materials for executive-level discussions and the board
  • Support due diligence, fundraising, and company financial strategic initiatives

Next Insurance specializes in providing business insurance solutions tailored to the unique needs of small businesses, including general liability, workers' compensation, professional liability, and commercial property insurance. The company is renowned for simplifying the insurance process for self-employed individuals and small business owners, emphasizing affordability and customized coverage. This focus on the practical needs of entrepreneurs, combined with its innovative approach to insurance services, makes it an attractive workplace for those keen on making a real impact in the insurance industry.

Company Stage

Series G

Total Funding

$1.1B

Headquarters

Palo Alto, California

Founded

2015

Growth & Insights
Headcount

6 month growth

3%

1 year growth

6%

2 year growth

11%
Simplify Jobs

Simplify's Take

What believers are saying

  • Integration with AI tools enhances customer experience with instant support and recommendations.
  • The rise of gig economy platforms increases demand for flexible insurance solutions.
  • Growing trend towards embedded insurance enhances customer convenience and market reach.

What critics are saying

  • Increased competition from traditional insurers entering the digital space challenges market share.
  • Partnership with Netchex may expose data privacy and compliance risks.
  • Rapid expansion into new product lines could strain resources and lead to inefficiencies.

What makes Next Insurance unique

  • Next Insurance offers standalone professional liability coverage tailored for consultants.
  • The company uses technology to eliminate agents, reducing costs for small businesses.
  • Next Insurance provides a comprehensive Business Owner's Policy for small businesses.

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