Principal Product Manager

Lead Product Manager - Risk for Insurance

About the Role

This is a strategic, hands-on role at the intersection of product, regulation, and client success. You will lead the development and execution of Clearwater's insurance risk product roadmap, delivering capabilities that directly support revenue growth and market expansion.

What You'll Do

Own and drive Clearwater's roadmap for insurance-focused risk and ALM products

Define and deliver capabilities across:

Regulatory stress testing (Solvency II, NAIC RBC, NY7, Bermuda, and other regimes)

Scenario-consistent ALM projections

Proxy liability modeling and replicating portfolios

Risk reporting for multi-asset insurance portfolios

Translate complex requirements into clear product specs, diagrams, and solution design documents

Collaborate with quant developers and engineering leads to build projection engines, curve builders, and stress testing infrastructure

Partner with Sales and GTM to support prospect conversations, close deals, and expand client relationships

Represent Clearwater externally by speaking at industry conferences, leading webinars, and contributing to regulatory forums

Mentor junior PMs as the team expands, setting the bar for technical and commercial excellence What We're Looking For

10+ years of experience in product management, financial technology, or insurance investment risk

Deep knowledge of insurance regulatory frameworks across jurisdictions (e.g. Solvency II, NAIC RBC, NY7, Bermuda) and how they apply to asset portfolios

Strong understanding of fixed income, credit, and structured products, especially in the context of insurer ALM strategies

Fluency in risk modeling concepts: duration, convexity, shocks, liquidity tiers, scenario analysis, and capital metrics

Comfortable reading Python or SQL and working closely with quants and developers on model design and implementation

Exceptional written and verbal communication; able to draft precise specifications and clearly communicate trade-offs

Entrepreneurial mindset, high output, and bias toward clarity, impact, and collaboration Why Join Clearwater

Own a critical product vertical with clear commercial impact and strong executive sponsorship

Help shape the next generation of insurance risk management software

Join a team that values sharp thinking, transparency, and measurable results

Work with leading insurers and investment managers solving real-world portfolio and regulatory problems What we offer:

Business casual atmosphere

Team focused culture that promotes innovation and ownership

Access cutting edge investment reporting technology and expertise

RSUs as well as employee stock purchase plan (discounted shares)

Private medical and dental insurance

Various social and volunteering opportunities, including volunteer time off to give back to the community

Defined and undefined career pathways allowing you to grow your own way

Work from anywhere 3 weeks out of the year

An opportunity to revolutionize the investment industry