Fairmatic

Engineering Team Lead

Tel Aviv-Yafo, Tel Aviv District, Israel

Not SpecifiedCompensation
Senior (5 to 8 years)Experience Level
Full TimeJob Type
UnknownVisa
AI & Machine Learning, Fintech, Insurance, Enterprise SoftwareIndustries

Requirements

Candidates should possess 7+ years of engineering experience, with at least 3+ years in an early-stage startup environment, a BA/BSc degree in Computer Science or equivalent, and excellent communication skills to effectively collaborate with diverse, global teams.

Responsibilities

The Engineering Team Lead will architect and lead the development of the claims system, build and lead a new engineering team, foster relationships through collaboration with cross-functional teams, balance hands-on development with strategic leadership, partner with product teams, drive architectural decisions, champion engineering best practices, mentor and grow team members, and exemplify Fairmatic’s culture.

Skills

Communication
Problem-Solving
Team Leadership
System Design
Architecture
Engineering Best Practices
Mentoring
Computer Science

Fairmatic

Data-driven auto insurance for fleet businesses

About Fairmatic

Fairmatic offers auto insurance solutions tailored for fleet businesses, such as construction and logistics companies, using data and artificial intelligence to enhance operations and reduce costs. Their fleet dashboard provides features like safety tips and digital incident reporting, promoting proactive risk management. Unlike traditional insurance models, Fairmatic's performance-priced insurance allows fleets to lower their premiums monthly based on their performance. The company's goal is to create a more flexible and efficient insurance experience for fleet operators.

Key Metrics

San Francisco, CaliforniaHeadquarters
2019Year Founded
$85.6MTotal Funding
SERIES_BCompany Stage
Fintech, Financial ServicesIndustries
51-200Employees

Benefits

Unlimited Paid Time Off
Health Insurance
Dental Insurance
Vision Insurance
Life Insurance
Disability Insurance
Professional Development Budget
Wellness Program
Remote Work Options

Risks

Increased competition from similar AI-driven insurtech companies.
Rapid technological advancements require costly updates to Fairmatic's platform.
Potential regulatory scrutiny on AI-driven models could increase operational costs.

Differentiation

Fairmatic offers performance-priced auto insurance, allowing monthly premium adjustments.
The company uses AI and telematics data for proactive risk management.
Fairmatic provides a seamless claims management service to expedite fleet recovery.

Upsides

Fairmatic raised $46 million to enhance AI innovation in auto insurance.
Growing demand for usage-based insurance models benefits Fairmatic's business model.
Partnerships with logistics platforms enhance data collection and insurance offerings.

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