Product Director, EvolutionIQ
$235-260k
Plus a meaningful equity plan.
More information about location
AI for insurance carriers
Open for applications
AI for insurance carriers
101-200 employees
Open for applications
$235-260k
Plus a meaningful equity plan.
More information about location
101-200 employees
Company mission
To transform the insurance industry through a partnership between AI and human experts, ultimately making it more fair and affordable for everyone.
Role
Who you are
- You’re a leader who loves interacting with both internal and external stakeholders to drive both commercial and innovation success, and you’re looking for a role where you can be highly impactful on business outcomes from day one
- Ambiguity isn’t a challenge, but rather a chance for you to define and narrow a problem space independently
- You’re supercharged by having interesting, unsolved problems continually present themselves, and leading teams to excellence by example
- Cross functional communication and leadership: You thrive on working effectively with engineering, sales, customer success, and a range of partners across the organization at every stage of the product development lifecycle, setting a high bar for excellence in the work being delivered
- Deep understanding of developing primarily AI/ML based features and systems: You have experience with, and a keen opinion on, how AI-first products present a unique set of opportunities and challenges at scale, and you’ve worked effectively to bring systems like this to market in the past
- Comfort and experience with commercial/sales/GTM: You may or may not have ever had a sales title, but you’re experienced in the commercial aspects of product management and enterprise SaaS. You’re comfortable working alongside a sales/revenue/GTM organization to build and expand the commercial footprint of the business, and approach product management with a commercially-oriented mindset
- Abstract thinking and building flexible capabilities: You have an analytical and forward-leaning mindset when it comes to developing new capabilities and workflows in products, balancing the needs of our users, the business, and how what we build today will help (or hinder) what we can build tomorrow
- Emotional intelligence and comfort with ambiguity: Product managers need to be both the best leaders and the best listeners in an organization. In situations with no clear solution, you know how to arrive at an appropriate decision or strategy, including who, how, when, and to what extent to involve others at every stage of the product development process
- 5+ years experience as a product manager in an enterprise software environment or high production SaaS environment
- 2+ years working closely on legal, regulatory, policy, or compliance-adjacent products
- Heavy preference for those familiar with LLM tools and/or rules engines
- Experience in working with insurance claims or medical document synthesis is a plus
- Deep experience balancing data/analytics with intuition and product sense in guiding strategic decision making in a high impact environment, and ideally experience in delivering AI-driven products to market
- Demonstrated success defining and launching outstanding products to enterprise organizations, as well as launching and iterating on products early in their life cycles
- Delivering results as a key player in a sales/GTM context; selling across stakeholders at multiple levels in an organization and communicating effectively with everyone from the business champion to the end user to the C-level executive
- A self-starter, “can do” mentality with an eagerness to independently seek out and solve previously unsolved problems
- You're comfortable in a startup environment that moves at a fast pace, with a direct, open, and honest culture; you care about getting the best answer, not about being right or wrong. You're motivated by results, not by your ego
What the job involves
- The product team at EvolutionIQ is highly cross functional and interdisciplinary.
- As a senior member of the Product team, you will be expected to drive new products and own the success of a new set of regulatory, compliance, and policy-driven products that will power substantial future growth of EIQ
- While no two days are the same, on any given day you can expect to:
- Own the strategic roadmap and bottom line success of a meaningful, substantial area of the business
- Build, deploy, and scale products that employ the latest in predictive AI and LLMs to guide and augment human decision making in disability claims management (A $70B+ global industry)
- Collaborate with and empower our high performing customer success and change management teams, who ensure the success of our customers and our products via trainings, user office hours, and frequent strategic consultations with senior leadership at Fortune 1000 insurance carriers
- Work directly with senior execs at Fortune 50 insurance carriers to uncover problems, brainstorm solutions, and drive business results for our customers
- Drive commercial success by working closely with our sales, product marketing, and broader revenue organization new and existing product lines
- Innovate and experiment at high velocity, alongside an extraordinarily talented set of colleagues and backed by a sophisticated proprietary AI platform
- Lead by example and build alignment and consensus amongst stakeholders, creating systems and processes that enable excellence for product and cross-functional teams
- As necessary, coach, mentor, and develop other PMs, either within your direct reporting line or simply within the broader product management org
- Champion new and established product lines: Manage new and existing product modules throughout their lifecycle, from ideation and inception to supporting established product lines
- Build and own the roadmap for outcome-driven decision guidance systems: Collaborate daily with a world-class team of software engineers, data scientists, product designers, and AI/ML experts in delivering Claims Guidance to EvolutionIQ’s enthusiastic customer base
- Lead and manage a team of product managers: Lead and develop a team of product managers to own the “whole product,” from R&D/innovation work to shipping and measuring results to developing and executing a winning go to market strategy
- Develop and lead a winning go to market motion: Drive commercial success alongside product marketing, sales, and our broader revenue organization as we deliver outstanding products to market
- Solve complex problems early and often: Proactively identify and collaborate cross-functionally resolve potential issues or roadblocks that could hinder EvolutionIQ’s ability to deliver on its broader mission
- Delight our customers daily: Deliver winning, market-tested Claims Guidance products to many of the largest and most complex insurance organizations in the world
Our take
EvolutionIQ is a data-driven claim guidance platform for insurance providers. Its products combine structured and unstructured claim data with external third party data to provide powerful claim guidance, in an attempt to modernize the claims operations process.
The company's offering is certainly an attractive one for businesses handling large volumes of these claims - the solutions aim to help insurance providers detect and prevent fraud without impacting their productivity and customer experience. Historically, the insurance industry has had access to vast amounts of data without optimizing how they use it. EvolutionIQ's machine learning algorithms harness the learnings from every data point, allowing for much more well-informed, actionable insights.
Competition is steep among AI insurance firms, and EvolutionIQ counts rivals such as CCC Intelligent Solutions and Riskcovry in this space. However, the market size is huge and ripe for disruption. With a valuation of more than $200 million following a successful VC funding round, EvolutionIQ is focused on the further development of its product and international expansion as it hopes to capture a larger slice of this $10 billion market.
Freddie
Company Specialist at Welcome to the Jungle
Insights
111% employee growth in 12 months
Company
Funding (last 2 of 5 rounds)
Aug 2024
$20.2m
LATE VC
Jun 2023
$10.3m
LATE VC
Total funding: $60.4m
Company benefits
- Premium Medical Insurance Plan – Empire Blue Cross Blue Shield Medical insurance
- 401K with employer matching
- Dental Coverage – Principal Financial
- Life insurance / ACDC coverage – Reliance Standard
- Vision – Reliance Standard
- Short Term and Long Term Disability – Unum
- Employee stock option plan
- $500 to get you started setting up your home office and $200 every year for upgrades after that
Company HQ
Flatiron District, New York, NY
Leadership
Tomas Vykruta
(CEO)Has founded a number of companies including Electrolab Inc, and was a Senior Software Development Engineer at Microsoft ATG. Joined Waymo's Machine Learning wing, and then worked as a Staff Engineer at Google. Is currently one of Google's Developer Experts.
Michael Saltzman
(COO)Studied Engineering and Economics at Dartmouth, and obtained an MBA from Stanford. Co-founded Roomie Rentals while still a student, and then joined Bridgewater Associates as an Investment Associate.
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