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 fleet businesses, such as construction and logistics companies, using data and artificial intelligence to enhance operations and reduce costs. Their fleet dashboard provides features like safety tips and digital incident reporting, promoting proactive risk management. Unlike traditional insurance models, Fairmatic's performance-priced insurance allows fleets to lower their premiums monthly based on their performance. The company aims to improve the insurance experience for fleets and brokers, ensuring quick recovery after incidents.

Company Stage

Series B

Total Funding

$85.6M

Headquarters

San Francisco, California

Founded

2019

Growth & Insights
Headcount

6 month growth

4%

1 year growth

18%

2 year growth

86%
Simplify Jobs

Simplify's Take

What believers are saying

  • Fairmatic raised $46 million to enhance AI innovation in auto insurance.
  • Integration with telematics providers boosts data accuracy for fleet management.
  • Growing demand for digital transformation aligns with Fairmatic's AI solutions.

What critics are saying

  • Increased competition from similar insurtech companies may erode market share.
  • Rapid AI advancements require costly updates to Fairmatic's platform.
  • Potential regulatory scrutiny on AI-driven models could impact operations.

What makes Fairmatic unique

  • Fairmatic offers performance-priced auto insurance, allowing monthly premium adjustments.
  • The company uses AI and telematics data for proactive risk management.
  • Fairmatic provides a seamless claims management service to expedite fleet recovery.

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