Full-Time

Director of Business Development

Confirmed live in the last 24 hours

Fairmatic

Fairmatic

51-200 employees

Data-driven auto insurance for fleet businesses

Fintech
Financial Services

Senior

Remote in USA

Category
Business Development
Business & Strategy
Required Skills
Sales
Marketing
Requirements
  • Extensive Business Development experience in an enterprise environment
  • Exposure to the insurance industry. You don't have to have worked at a top 50 insurer, but exposure to the industry (an ideally others) is a must!
  • Proven strategic negotiation skills
  • A solid track record in partnership management and new channel/partnership development
  • You’re independent and reliable and know how to get things done within and between organizations
  • You love to learn and find better ways to do things
  • You’re a people person: chatting with people gives you a buzz and you love sharing your infectious energy with others
  • You’re a hustler and a shrewd negotiator: you're always looking for opportunities to add value, and are known by your peers as being proactive, having great agency and ownership and “going after it”
  • You like to solve problems and get things done with no drama or ego
  • You’re a strategic thinker: you are able to develop, implement, and manage strategic plans and are able to drive a holistic partnership management strategy
  • You are interested in the insurance industry: you either have an understanding of the insurance market, or a hunger to learn and ability to do so quickly and thoroughly
Responsibilities
  • Develop and implement a comprehensive partnership strategy to drive business growth and expand market presence.
  • Cultivate and maintain strong relationships with existing and potential partners, ensuring mutual benefit and long-term collaboration.
  • Lead negotiations with partners, drafting, reviewing, and managing partnership agreements with great attention to detail and quick turnaround to ensure favorable terms and compliance with company policies.
  • Represent the company at industry events, conferences, and networking functions to promote the brand and establish new partnerships.
  • Work closely with internal teams, including marketing, sales, and product, to align partnership activities with overall business objectives.

Fairmatic offers auto insurance solutions tailored for businesses that manage vehicle fleets, such as construction and logistics companies. By utilizing data and artificial intelligence, Fairmatic helps these fleets save money and improve operations through features like a fleet dashboard with safety tips and digital incident reporting. A standout aspect of Fairmatic's service is its performance-priced insurance, which allows fleets to lower their premiums monthly based on their performance. The company aims to provide flexible, cost-effective, and efficient insurance solutions while ensuring reliable coverage through partnerships with leading insurers.

Company Stage

Series B

Total Funding

$85.6M

Headquarters

San Francisco, California

Founded

2019

Growth & Insights
Headcount

6 month growth

6%

1 year growth

20%

2 year growth

96%
Simplify Jobs

Simplify's Take

What believers are saying

  • Recent $46 million Series B funding round indicates strong investor confidence and provides resources for further AI innovation.
  • The appointment of experienced industry leaders like Jim Hinchley and Boaz Ram strengthens Fairmatic's executive team, potentially driving strategic growth.
  • Fairmatic's backing by leading insurers with high AM Best ratings offers clients confidence and peace of mind.

What critics are saying

  • The insurtech market is highly competitive, requiring continuous innovation to maintain a competitive edge.
  • Dependence on AI and data analytics means that any technological failures or inaccuracies could significantly impact service quality and client trust.

What makes Fairmatic unique

  • Fairmatic's performance-priced auto insurance model allows fleets to lower their premiums monthly, unlike traditional fixed-premium models.
  • The use of AI and data analytics for proactive risk management and driver safety sets Fairmatic apart from conventional fleet insurance providers.
  • Fairmatic's seamless claims management service aims to expedite the process, reducing downtime for fleet operations.

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