Vice President of Analytics, Openly
$225-375k
+ Equity
Home insurance platform
Open for applications
Home insurance platform
201-500 employees
Open for applications
$225-375k
+ Equity
201-500 employees
Company mission
To empower independent insurance agents to deliver a modern, efficient, and superior customer experience.
Role
Who you are
- 15+ years relevant experience, including experience working in P&C insurance required
- 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
What the job involves
- Step into a critical new role as an analytical leader at a company that highly values data-driven decision making, curiosity, and rigorous analysis
- 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
- 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)
- 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
- 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?
Our take
Openly has responded to a perceived gap in the market: while consumers are increasingly buying home insurance through independent agents, the products those agents can offer have not kept up with what’s possible, resulting in wasted time, wasted money, and outdated risk underwriting.
Openly's homeowner insurance platform sells exclusively through independent agencies. The platform watches and updates more than 19,000 vendor profiles daily across 19 states and 91 different industries, detecting changes to key business information, privacy documentation, terms of service agreements and public records. This increases transparency of the risk between buyers and suppliers, which sets Openly apart from its competitors in the insurtech market.
It has grown in-force premium by more than 500% year over year and has already achieved double-digit new sales market share in the majority of its states. The company is taking huge steps and has even partnered with Mastercard to integrate Mastercard's RiskRecon cyber risk data into its platform so that organizations can better understand their risk profile. It now has plans to expand its home insurance product to more states and agencies and to enhance its technology and insurance product.
Kirsty
Company Specialist at Welcome to the Jungle
Insights
22% employee growth in 12 months
Company
Funding (last 2 of 6 rounds)
Jan 2025
$123m
GROWTH EQUITY VC
Sep 2023
$100m
SERIES D
Total funding: $360.7m
Company benefits
- Company equity
- Remote-First Culture: With employees in 40 states and counting, we promoted #remotelife long before it was adopted by other companies
- WFH Setup: Day 1, you'll receive a new laptop, a $1,500 allowance to spend on setting up your home workplace, and a monthly internet stipend
- Real Work-Life Balance: Ensuring you can spend valuable time with friends and family is a priority. We offer flexible PTO and a generous parental leave policy
- 401k Company Contribution: We love working here, but who wants to work forever? Take advantage of our 401K plan and generous company contribution
- Health and Wellness: Your well-being comes first. We offer a variety of plans to suit your needs, ranging from the basics to supplemental coverages
Company HQ
Columbus, Boston, MA
Leadership
Ty Harris
(Co-Founder & CEO)Studied at MIT before working as a Lecturer at MIT and Northeastern. Went on to spend 12 years at Liberty Mutual Insurance. Co-founded Quote Hopper in June 2017 and, after passing this onto an agency to run, co-founded Openly that August.
Matt Wielbut
(Co-Founder & CTO)Began their career with almost 8 years at Goldman Sachs before co-founding Recitate and Elements Insurance. Used this experience to co-found Openly with Ty.
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