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