Senior Software Engineer
Senior Software Engineer at Ledger
Join a phenomenal team on a journey to radically change our economy by bringing a new market to life: Insurance as an asset class. Our substantive goal is to craft economic change. With $5 trillion of insurance capital worldwide, we believe there should be a way to invest in insurance risk. That is the reason why we are building technologies that will help transact billions of dollars of this new asset class — and we think that achieving this is a problem rooted not just in finance, but in creativity of code and design.
On the engineering team, you will
- Design, build, and maintain web apps, APIs, services, and systems across our product offerings
- Work closely with product to understand Ledger's roadmap and implement plan to execute and deliver
- Collaborate with other teams across Ledger to understand our users and solve their needs
- Improve engineering standards, tooling, and processes within the team
You will be successful if you
- Enjoy the process and craft of designing and writing quality code
- Have experience building web applications with great user experience and attention to details
- Take pride and responsibility in delivering features or applications from end to end
- Give and receive meaningful and constructive feedback with your team
- Think holistically about systems and services and how the play a role in the bigger picture
- Thrive in a collaborative environment involving different stakeholders and subject matter experts
- Are flexible and open minded when it comes to evolving processes and requirements
- Have strong communication skills (esp. because we're a fully remote team)
- Am a self-starter able to work independently
About Ledger Investing
Did you know that insurance companies issue over $1.3 trillion in premiums each year, just in the United States alone? While recent insurance tech firms like Lemonade and Metromile are focused on the frontend consumer experience of insurance, the backend of the insurance industry is largely unchanged and very few companies are focused on disrupting it.
That's where Ledger Investing comes in.
When an insurance company issues policies, they have to keep enough money reserves on hand to cover losses that may occur years later. The amount of reserves they're required to keep can be substantial and only the largest insurance companies are sophisticated enough to invest their reserves responsibility. If you're familiar with Warren Buffet and Berkshire Hathaway, he's famous for consistently generating market-beating returns using his reserves, to the point where his firm has probably made more from his investments than the insurance company itself!
Financing isn't a unique problem to the insurance industry. Mortgage lenders also need to get back the capital they lend out, otherwise they get meager returns over 30 years. But, the difference is that the mortgage industry has been able to sell (AKA
securitize) mortgage loans as mortgage-backed securities for over 50 years, so lenders can get their cash back and make new loans instead of being tied down for 30 years.
We're doing something similar for insurance industry by making insurance risk an investible asset class. By building a holistic platform, marketplace, and real-time analytics, we help:
- Insurance companies use Ledger to get capital faster with more flexible terms
- Investors invest in insurance to diversify their portfolio with returns that aren't correlated to the broader market
And it's working. We have multiple sources of revenue, and the traction on each one is growing by leaps and bounds with strong interest.
There are plenty of interesting problems to solve. We're looking for curious, passionate, and friendly engineers to join the team to help us transform the industry.
We value results and being scrappy. We have a tremendous opportunity to become an endearing, dominant force in the industry and are looking for people willing to roll up their sleeves on the hairy issues we face.
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