Full-Time

Product Manager

Pricing

Posted on 9/18/2025

Shepherd

Shepherd

51-200 employees

MGU for large-scale commercial risks

Compensation Overview

$190k - $220k/yr

San Francisco, CA, USA

In Person

Category
Product (1)
Required Skills
Data Science
Product Management
Machine Learning
Data Analysis
Requirements
  • 4+ years of product management experience in data/ML-heavy or pricing-related products.
Responsibilities
  • Own the pricing product roadmap — from idea to launch: write PRDs, define infrastructure needs, and partner with actuaries and engineers to ship models into production.
  • Be the voice of 'why' — align underwriting, actuarial, and leadership around how new models, data sources, and infrastructure strengthen Shepherd’s growth and capacity story.
  • Keep things moving — prioritize ruthlessly, manage cross-functional dependencies, and ensure pricing milestones land on time (and with measurable impact).
Desired Qualifications
  • Experience in insurance, fintech or other modeling-heavy industries.
  • 4+ years of product management experience in data/ML-heavy or pricing-related products.
  • Comfort translating technical complexity (models, APIs, registries) into clear business impact, and aligning diverse teams around outcomes.
  • Bachelor's degree or higher (if not stated)

Shepherd provides insurance for high-hazard commercial risks by pairing capacity with risk-management software and a curated app marketplace. Its platform enables underwriters to make decisions in hours, not weeks, and integrates with popular tools to streamline workflows. The product lineup includes General Liability, Commercial Auto, and Workers’ Compensation, supported by major capacity and reinsurance partners. The company pursues premium savings—up to 25%—through data partnerships and AI-powered risk reduction, plus free risk-management software for proactive clients, setting it apart from traditional MGUs with faster, data-driven risk management at scale.

Company Size

51-200

Company Stage

Series B

Total Funding

$61.8M

Headquarters

San Francisco, California

Founded

2020

Simplify Jobs

Simplify's Take

What believers are saying

  • $42M Series B funds AI infrastructure insurance expansion.
  • Achieved 7x growth insuring $400B projects for 600+ customers.
  • Partnerships with Core Specialty boost high-hazard capacity.

What critics are saying

  • AIG, Zurich, Chubb replicate AI underwriting in 6-12 months.
  • Reinsurers withdraw capacity on AI data center loss spikes.
  • Procore, OpenSpace API restrictions cripple risk data access.

What makes Shepherd unique

  • Shepherd delivers 12-hour underwriting versus industry weeks.
  • Bundles insurance with free AI risk management software.
  • Integrates Procore, OpenSpace, Autodesk for real-time AI pricing.

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Benefits

Health Insurance

Dental Insurance

Vision Insurance

Unlimited Paid Time Off

401(k) Retirement Plan

Professional Development Budget

Growth & Insights and Company News

Headcount

6 month growth

-2%

1 year growth

6%

2 year growth

4%
PR Newswire
Mar 24th, 2026
Shepherd Raises $42M Series B to Power the Insurance Behind AI Infrastructure Boom

/PRNewswire/ -- Shepherd, the AI-native commercial insurance platform, today announced a $42 million Series B round led by Intact Private Capital, with...

Axios
Mar 24th, 2026
Shepherd raises $42M for AI-powered construction insurance underwriting

Shepherd, a startup that underwrites construction insurance using data from project management software, has raised $42 million in Series B funding, CEO Justin Levine told Axios exclusively. The company is capitalising on increased infrastructure spending linked to AI development, which is creating new demand for faster underwriting as builders rush to bring new capacity online.

Benzinga
Feb 7th, 2024
Shepherd Raises $13.5 Million In Series A Funding To Help Insure The $10 Trillion Commercial Construction Industry

Loading. Loading...SAN FRANCISCO, Feb. 07, 2024 (GLOBE NEWSWIRE) -- Shepherd , an insurance tech platform for commercial construction, announced today it raised a $13.5 million Series A funding round led by Costanoa Ventures with participation from Intact Ventures, Era Ventures, Greenlight Re and Spark Capital. Shepherd combines insurance together with software to help contractors save on premiums. The company will utilize the funds to expand its underwriting and software team, accelerate product development and scale its software offerings."There is an urgent need for innovation in the commercial construction insurance industry," said Justin Levine, CEO of Shepherd. "Our mission at Shepherd is ambitious but simple: to create the first comprehensive platform that combines top-tier insurance offerings with world-class software to help commercial businesses manage risk and prevent losses."Shepherd combines insurance capacity with fast underwriting, risk management software and a construction software marketplace to streamline tedious processes and workflows

Coverager
Aug 29th, 2023
Shepherd Partners With Core Specialty

Shepherd <i class="fa fa-info-circle company-popover" data-content="h3Shepherd/h3. div. table

Coverager
Mar 21st, 2023
Procore Launches Construction Insurance Brokerage

Procore Technologies, <i class="fa fa-info-circle company-popover" data-content="h3Procore Technologies/h3. div. table

INACTIVE