Principal Product Manager, AI Products

Federato; United States; Remote; USD 200,000 - 225,000; Full time

Job summary

Federato seeks a Principal Product Manager for AI Products to spearhead the development of ML solutions for insurance underwriting. This pioneering role involves leading cross-functional teams to create groundbreaking products that enhance operational efficiency in the insurance industry. Candidates should have a strong AI/ML background, proven product management experience, and exceptional collaboration skills.

Qualifications

• Proven success in launching LLM/ML-driven products.
• Solid foundation in data analysis and experimental design.
• Skilled at creating intelligent search features.

Responsibilities

• Lead product vision and strategy for ML applications.
• Conduct market research to inform product strategy.
• Collaborate with cross-functional teams on product development.

Skills

Data analysis

AI/ML

Collaboration

Problem-solving

Education

Bachelor’s degree in Business, Computer Science, Engineering, or related field

MBA

Job description

Federato is on a mission to defend the right to efficient, equitable insurance for all. We enable insurers to provide affordable coverage to people and organizations facing the issues of today - the climate crisis, cyber-attacks, social inflation, etc. Our vision is understood and well funded by those behind Salesforce, Veeva, Zoom, Box, etc.

Federato’s AI/ML-driven platform leverages deep reinforcement learning to help insurance companies optimize the portfolio of risks they insure, allowing them to continue to provide fair and equitable pricing in difficult-to-price areas. Our category-defining ‘RiskOps’ solution drives better underwriting decisions by operationalizing underutilized data investments and surfacing real-time risk and portfolio insights. We focus on putting insurance underwriters back in the driver’s seat, helping them meet their goals while providing an important service to society.

Role Overview

As the Principal Product Manager, AI Products, you will lead the vision and strategic development of the next generation of ML products for insurance underwriting applications.

You will be responsible for leading the product development of a pioneering LLM/ML-backed application for insurance underwriting submission intake. You will be part of a high visibility, high impact group at Federato, with outstanding resources allocated and will closely partner with the CEO, CTO and Head of Data Science to lead the charge on this initiative. The ideal candidate for this role will be passionate about LLM and ML systems and their applications, and have a proven track record of effectively delivering scalable groundbreaking ML solutions that have significantly impacted industry operations.

What You’ll Be Doing

• Define and champion the product vision and roadmap that align with company goals, ensuring long-term growth and strategic focus.
• Develop deep market expertise in the insurance industry—understanding key players, trends, pain points, and competitive dynamics to inform product and M&A strategy.
  Lead user research and discovery efforts, conducting interviews, surveys, and ethnographic studies to identify unmet needs and turn insights into product requirements.
• Translate insights into detailed requirements and user stories, prioritizing backlogs based on business impact, user value, and technical feasibility.
• Measure product performance by defining and tracking key metrics, using data to guide decision-making and identify opportunities for optimization.
• Collaborate cross-functionally with engineering, design, marketing, sales, and customer success to align on strategy, execution, and go-to-market plans.
• Drive agile product development, ensuring iterative progress and continuous improvement with a focus on delivering value early and often.
• Promote product adoption and understanding by effectively communicating the value proposition across internal and external stakeholders, and supporting sales and customer success teams.

Who We Hope You Are

• Proven success in launching LLM/ML-driven products for industries or groups initially resistant to AI adoption.
• A solid foundation in AI/ML, data analysis, experimental design, and their application in product development.
• Skilled at working with data science and ML teams to create intelligent search and discovery features, including semantic search and relevance tuning.
• Demonstrated ability to define opportunities, build 0→1 products, and manage strategic roadmaps in fast-paced, high-growth environments.
• Strong analytical and problem-solving mindset, using user research, data insights, and first-principles thinking to inform product decisions.
• Exceptional collaborator and communicator, with a track record of aligning cross-functional teams and navigating complex stakeholder environments.
• Bachelor’s degree in Business, Computer Science, Engineering, or a related field.
• MBA and/or experience in the insurance or financial sectors is a plus.

$200,000 - $225,000 a year
Final offer amounts are determined by multiple factors including candidate location, experience and expertise and may vary from the amounts listed above. Total compensation package does include stock options, bonus, benefits and additional perks.

Here at Federato, your capabilities are important, but culture fit is quintessential. We move fast, are eager to listen to our users, take a first principles approach to solving problems, and value learning and the ability to change our minds. Most importantly, we're here to have fun. Our ability to make a difference starts with our people. We would love to work with you!

We are an equal-opportunity employer and value diversity at our company. We do not discriminate on the basis of race, religion, color, national origin, sex, gender expression, sexual orientation, age, marital status, veteran status or disability status. We will provide reasonable accommodation to individuals with disabilities to participate in the job application or interview process, to perform essential job functions, and to receive other benefits and privileges of employment. Please contact us to request accommodation at [e-mail]

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