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Full-Time

Sr. Financial Analyst

Updated on 10/4/2024

Next Insurance

Next Insurance

501-1,000 employees

Tailored business insurance for small businesses

Financial Services
Consulting

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 F

Total Funding

$1.2B

Headquarters

Palo Alto, California

Founded

2015

Growth & Insights
Headcount

6 month growth

3%

1 year growth

5%

2 year growth

9%
Simplify Jobs

Simplify's Take

What believers are saying

  • NEXT's innovative digital tools and AI-driven platform can significantly simplify insurance management for small businesses, potentially leading to high customer satisfaction and retention.
  • The launch of the Business Owner's Policy (BOP) positions NEXT as a leader in providing comprehensive, customizable insurance solutions tailored to small businesses.
  • Partnerships with companies like LegalZoom and Netchex expand NEXT's market reach and service capabilities, offering employees opportunities to work on cutting-edge integrations.

What critics are saying

  • The competitive landscape of digital insurance is rapidly evolving, requiring NEXT to continuously innovate to maintain its edge.
  • Dependence on AI and digital platforms may expose NEXT to cybersecurity risks and technological failures.

What makes Next Insurance unique

  • NEXT Insurance leverages an AI-powered, proprietary platform to streamline the insurance process for small businesses, setting it apart from traditional insurers.
  • The company's focus on digital solutions, such as the Business Owner's Policy (BOP), simplifies complex insurance needs into a single, manageable policy.
  • Strategic integrations with platforms like Netchex enhance NEXT's service offerings, making it a more comprehensive solution for small business owners.