Strategic Planning – Innovative Product at Remitly

Beijing, Beijing, China

Remitly Logo
Not SpecifiedCompensation
Senior (5 to 8 years)Experience Level
Full TimeJob Type
UnknownVisa
InsuranceIndustries

Requirements

  • Bachelor's degree or above, major in economics, finance, MBA, insurance, etc. is preferred
  • More than 10 years of experience in the insurance industry, with strategic thinking skills, including at least 5 years of responsibility for strategic design or business growth in the insurance industry
  • Experience in implementing strategies from scratch and being able to adapt to resource constraints in small and medium-sized companies (e.g. having led the entire process of innovative insurance products from market research to premium scale)
  • Excellent industry research capabilities, proficient in using SWOT, PEST, Porter's Five Forces and other analytical tools
  • Able to independently complete market size estimation, business analysis

Responsibilities

  • Industry research and analysis: Track the development of the insurance industry, conduct in-depth research on market trends, policies and regulations, competitive landscape and technological innovation of motor insurance and other insurance, and explore opportunities. Conduct sufficient market research, and provide data support for strategic decision-making
  • Monitor the impact of regulatory policies and the application of technology on the business, and quickly propose response strategies
  • Benchmark domestic and foreign innovation cases, and refine reusable business models
  • Strategy formulation and planning: Lead the formulation of the company's medium- and long-term development strategy for the next 3-5 years, and clarify the business growth path
  • Design resource allocation plans to ensure that the strategy is matched with implementation capabilities
  • Lead the decoding of the strategy, break down long-term goals into quarterly OKRs, and promote cross-departmental collaboration. Regularly review the progress of the strategy and propose dynamic adjustments
  • Resource integration and strategic cooperation: Establish an industry resource network (insurers, reinsurers, insurance technology companies, etc.) and promote cooperation opportunities and pilot projects
  • Evaluate potential targets for mergers and acquisitions or strategic investments (e.g., AI pricing teams for car insurance, TPA service providers for health insurance), and provide negotiation strategies

Skills

Strategic Planning
Corporate Development
Industry Research
Market Analysis
Competitive Analysis
Regulatory Analysis
Data Mining
Analytical Modeling
Product Validation

Remitly

International money transfer for immigrants

About Remitly

Remitly focuses on international money transfers, helping immigrants send money to their families quickly and securely at lower costs than traditional banks. The company charges transaction fees and earns from the exchange rate margin, offering various transfer options like bank deposits and cash pickups. Remitly enhances user experience through its website and mobile app, allowing real-time tracking of transfers, and engages with immigrant communities by providing helpful resources and educational support. Its goal is to meet the unique needs of immigrants while ensuring fast, affordable, and reliable money transfer services.

Seattle, WashingtonHeadquarters
2011Year Founded
$423.9MTotal Funding
IPOCompany Stage
Fintech, Financial ServicesIndustries
1,001-5,000Employees

Benefits

Continuing Education or Travel Stipend
Office Culture
Flexible PTO, Schedules and Leaves
DEI Learning Opportunities
Community Engagement
Inclusive Benefits

Risks

Swift's integration into banks' channels poses a competitive threat to Remitly.
AI agents' rise may challenge Remitly's operational model in efficiency and cost-effectiveness.
Schall Law Firm's investigation could impact investor confidence and Remitly's reputation.

Differentiation

Remitly focuses on immigrants, offering competitive rates and fast, secure transactions.
The company leverages technology for a seamless user experience via its app and website.
Remitly engages with immigrant communities through content and educational initiatives.

Upsides

Increased digital wallet adoption in key markets expands Remitly's reach to unbanked individuals.
AI agents in operations could reduce costs and improve Remitly's efficiency.
Visa collaboration enhances Remitly's cross-border fund flow services, boosting customer satisfaction.

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