Director, Treasury and Finance Operations

CURRENT ROOT EMPLOYEES - Please apply using the career page in Workday. This career site is for external applicants only.

The Opportunity

Root is seeking a strategic and experienced Director of Treasury and Finance Operations to bring our team’s passion for disruption and innovation to fruition while leading our treasury operations, liquidity and capital management, investment management, and financial operations functions. This role will be responsible for optimizing cash flow, managing financial risks, ensuring compliance with regulatory requirements, and driving efficiencies across treasury and financial operations. The ideal candidate will bring deep expertise in corporate finance, risk management, and operational leadership to support the company’s growth and long-term financial stability. This leader must have a bias toward action and getting things done, as we’ll lean on this person to drive business initiatives that position Root well for the short and long terms.

Root is a “work where it works best” company. Meaning we will support you working in whatever location that works best for you across the US. We will continue to have our headquarters in Columbus and offices in other locations to give more flexibility and more choice about how we live and work.

Salary Range: $180,720 - $225,900 (LTI and Bonus Eligible)

How You Will Make an Impact

Treasury & Liquidity Management

• Oversee all treasury operations, including cash flow management, liquidity planning, and banking relationships.

• Direct day-to-day cash and investment activities to ensure the company maintains proper liquidity.

• Develop and execute investment strategies across various portfolios in alignment with corporate objectives, investment policies, and risk metrics.

• Perform rigorous analysis to inform finance leadership on key treasury metrics, including cash forecasts, fluctuating cash needs, and financial risks.

• Continuously evolve treasury procedures to maximize efficiency and accuracy.

Capital & Debt Management

• Develop and maintain a long-term debt capital strategy in coordination with broader corporate capital strategy, inclusive of reinsurance and equity.

• Execute debt capital transactions in partnership with internal and external counsel, ensuring terms align with corporate objectives.

• Manage ongoing covenant compliance and reporting.

• Build and maintain strong banking and lender relationships to support the company’s financial scalability.

Financial Operations

• Lead the Financial Operations team responsible for accounts payable, reimbursements, and the corporate credit card program.

• Work closely with forecasting and financial operations teams to develop detailed cash flow forecasts.

• Drive automation and process improvements to enhance efficiency and accuracy in both treasury and financial operations functions.

• Oversee the end-to-end implementation and ongoing management of the commission payments process.

Compliance & Risk Management

• Ensure compliance with regulatory requirements and internal controls, owning all treasury-related and financial operations SOX controls. Manage financial risks while ensuring adherence to internal policies.

• Interface with external auditors and regulators as required.

• Contributing member of the Enterprise Risk Management Working Group.

• Support the Corporate Insurance program, assisting Legal with the placement and maintenance of our corporate insurance policies.

Strategic Leadership & Cross-Functional Collaboration

• Direct the strategic vision and execution of treasury and finance operations, ensuring alignment with corporate financial goals.

• Collaborate cross-functionally with FP&A, accounting, investor relations, and other teams to identify opportunities and solutions for the company’s financial needs.

• Lead and develop a high-performing treasury and financial operations team, fostering a culture of collaboration and innovation.

What You Will Need to Succeed

• 10+ years of experience in Treasury and Debt Capital Markets, with 5+ years leading a Treasury department.

• Bachelor's degree in Business, Accounting, Finance, or a related quantitative field; MBA, CFA, or CTP preferred.

• Experience in financial services or other regulated industries with a strong understanding of risk-based capital requirements. Proven track record of developing and executing large, complex debt transactions, with fluency in loan agreements and legal documentation.

• A strategic and creative thinker who is passionate about liquidity and capital strategies and adept at partnering with banks and lenders to develop innovative financial solutions.

• Ability to foster and maintain strong relationships with key internal stakeholders and external partners, including asset managers and bankers.

• Exceptional written, verbal, and presentation skills, with the ability to communicate complex financial concepts to diverse audiences.

• Demonstrated ability to navigate ambiguity, solve complex financial challenges, and execute strategic initiatives effectively.

• Experience building and leading high-performing teams within treasury and financial operations.

Don’t meet every single requirement?

Studies have shown that women and people of color are less likely to apply to jobs unless they meet every single qualification. At Root, Inc., we are dedicated to building a diverse and inclusive workplace, so if you’re excited about this role but your past experience doesn’t align perfectly with every qualification in the job description, we encourage you to apply anyway!

Join us

At Root, we judge people based on the merit of their work, not who they are. If you are passionate about what this role entails and solving real problems, we encourage you to apply. We want to learn about you and what you can add to our team.

Who we are

We’re harnessing the power of technology to revolutionize insurance. Using machine learning and mobile telematic platforms, we’ve built one of the most innovative FinTech companies in the world. And we’re just getting started.

What draws people to Root

Our success is in large part due to our unwavering standards in hiring. We recognize that our products are only as good as the people building and promoting them. We want individuals who find solutions by going through the cycle of ideation to implementation with curiosity, rigor, and an analytical lens. Ask anyone who works here and you’ll hear similar reasons for why they joined:

Autonomy—for assertive self-starters, the opportunities to contribute are limitless.

Impact—by challenging the way it’s always been done, we solve problems that have a big impact on our business.

Collaboration—we encourage rich discussion and civil debate at every turn.

People—we are inspired by the collection of crazy-smart people around us.