Soteris

We write machine learning software to more accurately price insurance.

Software Engineer (Full Stack) - Employee #4 at Soteris

Location
San Francisco, CA
Job Type
Full-time
Experience
3+ years
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Sunit Shah
Sunit Shah
Founder

About the role

Soteris is a YC-backed company with a four-person team, a multi-year runway, and almost $1mm of contract revenue, serving a massive industry.

We write machine learning software to more accurately select and price insurance. We're now building out a first-of-its-kind data platform to facilitate the flow of data within commercial insurance - as the fifth team member, you will be an integral part of building this platform, working alongside a passionate team with diverse backgrounds working hard to modernize an antiquated industry.

ABOUT SOTERIS:

I founded Soteris because the way insurance rates are set results in massive inefficiencies that increase prices for policyholders like you and me. From years of experience, I know for a fact that a machine learning approach is orders of magnitude better than what the largest insurers do - and our customer list is proof of that claim.

Before Soteris, I built a $750 million property and casualty (everything that’s not life or health) insurance company from scratch, out of a $16 billion hedge fund called Pine River Capital.  This gave me deep visibility into how insurance works, through which I saw firsthand how much of the insurance value chain is littered with processes that might have made sense in 1920 – but are way past their prime in 2020.  These inefficiencies lead to increased prices for policyholders, and they can all be solved by better use of existing data.

I started Soteris to do just that. In a short time, Soteris demonstrated that we could solve these problems to the tune of increasing our first customer’s policy profitability almost 60%.

In the end, our goal is to own the entire data value chain within property and casualty insurance.  We've raised a large round from a number of top investors, including Y Combinator, Amplify Partners, Khosla Ventures, and Data Collective.  Combine that with a lot of early revenue and a low burn rate, and we have a long, ample runway to execute our mission.

WHAT YOU’LL DO:

You would be an integral part of creating the application and services that power our user-facing workflows and experiences.

Specifically, you would:

• Work closely with the product team and users to define user experiences and understand pain points.

• Navigate through ambiguity and build service prototypes to help refine product vision.

• Research and implement 3rd party service integrations.

• Make quick iterations based on new product requirements and user feedback.

• Help establish the engineering best practices and collaborative engineering culture that will allow the whole team to thrive.

Additionally, as part of a small, agile team, you’ll have the opportunity to work on multiple projects across the company to make an outsized impact on our product as a whole.

WHAT YOU’LL NEED:

  • Experience building user-facing services in a cloud environment.
  • Strong collaboration with the product team, with deep user empathy.
  • A mindset of embracing ambiguity.
  • 2+ years of professional software development experience.
  • A strong desire to learn new things, with a high learning rate.
  • An approach to teamwork similar to ours (reach out to find out more here).
  • A deep interest in what we're working on.

Why you should join Soteris

Soteris writes machine learning software to more accurately price insurance. We’re currently a team of four and we’re looking to add employees #4 and #5 to scale up the team. We’re YC-backed with over $500k of revenue and we’ve raised over $4m from some fantastic investors.