Full-Time

Machine Learning Engineer

USA

Confirmed live in the last 24 hours

Kalepa

Kalepa

11-50 employees

AI decision support platform for underwriters

Enterprise Software
AI & Machine Learning
Financial Services

Compensation Overview

$150k - $185kAnnually

Mid

New York, NY, USA

Category
Applied Machine Learning
Natural Language Processing (NLP)
AI & Machine Learning
Required Skills
Python
Data Science
AWS
Natural Language Processing (NLP)
Data Analysis
Requirements
  • 3+ years of experience in engineering and data science.
  • In-depth understanding of applied machine learning algorithms, especially NLP, and statistics.
  • Experienced in Python and its major data science libraries, and have deployed models and algorithms in production.
  • Comfortable with data science as well as with the engineering required to bring models to production.
  • Excited about using a wide set of technologies, ultimately focused on finding the right tool for the job.
  • Value open, frank, and respectful communication.
  • Experience with AWS (as a plus).
  • Hands-on experience with data analytics and data engineering (as a plus).
Responsibilities
  • Lead the framing, development, and deployment at scale of machine learning models to understand the risk of various classes of businesses.
  • Turn vast amounts of structured and unstructured data from many sources (web data, geolocation, satellite imaging, etc.) into novel insights about behavior and risk.
  • Drive the project’s direction and maintain focus.
  • Work closely with Product Management and Software Engineers.

Kalepa operates in the commercial insurance market by providing a platform called Copilot that assists underwriters in making better decisions. This platform uses a combination of artificial intelligence and human insights to accurately assess the risks and exposures associated with different businesses. By doing so, it helps insurance companies set more precise prices for their insurance products and reduce potential losses. Kalepa's service is particularly beneficial for specialty carriers and other commercial insurance providers, allowing them to handle new and renewal business more efficiently. The company follows a software-as-a-service (SaaS) model, where clients pay subscription fees for access to the platform. Kalepa has shown significant results, such as speeding up the quoting process by 40% and increasing the rate of successful insurance agreements shortly after clients start using Copilot.

Company Stage

Series A

Total Funding

$13.6M

Headquarters

New York City, New York

Founded

2018

Growth & Insights
Headcount

6 month growth

14%

1 year growth

37%

2 year growth

207%
Simplify Jobs

Simplify's Take

What believers are saying

  • Kalepa's recent $14 million funding round provides significant capital for growth and innovation.
  • The launch of Kalepa Insurance Services (KIS) opens new revenue streams and market opportunities in the small and mid-market insurance sectors.
  • The combination of AI and expert underwriting can lead to more accurate risk assessments and potentially lower loss ratios.

What critics are saying

  • The insurance industry is highly regulated, and any compliance issues could pose significant risks to Kalepa's operations.
  • Reliance on AI for underwriting decisions may face skepticism from traditional underwriters and clients, potentially slowing adoption.

What makes Kalepa unique

  • Kalepa leverages its proprietary AI-powered Copilot software to enhance decision-making for commercial insurance underwriters, setting it apart from traditional underwriting methods.
  • The formation of Kalepa Insurance Services (KIS) allows Kalepa to directly underwrite excess casualty risks, providing a unique blend of AI and expert underwriting.
  • Partnerships with specialty insurers like Everspan Group, rated 'A-' by AM Best, add credibility and reliability to Kalepa's offerings.

Help us improve and share your feedback! Did you find this helpful?

Benefits

Competitive salary

Significant equity options package

100% covered medical, 100% covered vision and dental

20 days of PTO a year.

Global team offsites

Healthy living/gym stipend.

Mobile phone bill stipend

Continuing education credits

Home office stipend