Confidential

Presented by Fortra
Car IQ Director of Product
Director of Product
Location: San Francisco

Car IQ is the first payment solution developed for vehicles and fleets that enables vehicles to transact directly, securely, and autonomously with all payment networks, banks, and service providers. Their payment platform enables vehicles to automatically initiate and complete payments for services such as tolls, fuel, parking, In-Dash marketplace, and more.

  • Headquarters: San Francisco
  • Executive team: Apple, Visa, Automotive, Blackhawk, Fleetcor
  • Number of Employees: ~60

THE PROBLEM

Today, nearly $650B is spent on vehicle services using credit cards, debit cards, and ACH where people have to perform and manage the transaction. However, human-centered payments are flawed and can result in costly fraud. Today’s customer billing disputes cannot verify the actual vehicle, the service needs of the vehicle, or validate the vehicle received the service that is being paid for. This creates a security and fraud risk for fleet operators, merchants, and banks.

THE SOLUTION

Car IQ introduces radically new methods for payment authentication and pre/post service validation that mitigates fraud. These new methods for trusted identity enable payments to have regulatory and security elements built into the payment stream and allow cars to send payment instructions, created by Car IQ, directly to any bank or payment network globally.

Car IQ’s payment platform is a comprehensive banking and risk management solution specifically designed for cars. Car IQ has already partnered with several of the largest banks/payment networks in the world, including Citibank, RBC, and Discover Financial Services, to implement a new industry standard for Identity management for machine banking.

IN THE NEWS

Snapshot

Executive Team  Experience– Apple, Visa, PayPal, Fleetcor + 3 PhD’s in Computer Science and AI

Auto & Payment Partners – Citi, Visa, Discover, 2C, RBC, and Blackberry

Customers Include – 3 of the top US Fleet companies and Tier 1 trucking OEMs,

Current Payment Volume – $1B with 3.5M cars

Merchant Partners – 18k+ Fuel Merchant Partners in the US. International launch in 2024, Tolling/HOV Partnerships,

Coming Soon – Parking, Citation Management, Insurance, DMV, Service Repair, and more

Executive Team

Sterling Pratz – Founder & CEO

Arun Yadav – CTO

Khalid El-Awady – CPO

Steve Erbst – CRO

Matt Nicholson – SVP, Sales

Hillary Nagy – VP of Marketing

Ideal
Candidate

We seek candidates from diverse backgrounds who can bring and be recognized for their uniqueness. We are looking for a go-getter interested in a professional growth opportunity and to become a product leader managing end-to-end ideation, roadmap prioritization, managing technical resources, and bringing our products to market. You will work closely with our engineers to guide products from conception to launch and with our business partners to generate profitable revenue streams.

Responsibilities

-Ideate and deliver products that balance the needs of multiple constituents: drivers, vehicle owners/operators, merchants, vehicle manufacturers, and suppliers.

– Work with customers and internal stakeholders to facilitate organizational alignment around feature prioritization and communicate roadmap and timelines to internal and external partners.

– Partner with our designers and UX experts to create beautiful consumer experiences that deliver the next generation of payment experiences.

– Set Product goals, success metrics, and roadmap to align with Car IQ’s mission and drive maximum impact based on data analysis, market research, and usability studies.

– Develop product requirements and work with Engineering to develop user stories, acceptance criteria, and testing procedures for our products.

– Help design and manage the process for prioritizing features and needs, collecting requirements, sequencing engineering work, and measuring progress.

Requirements
– Bachelor’s Degree or equivalent work experience in a tech field is required.
– 6+ years of product management experience.
– Experience in consumer-facing fintech (broadly)
– Experience in software engineering environments and validated ability to partner successfully with engineering teams, ensuring     prompt delivery.
– Advanced problem-solving skills with the ability to think creatively to resolve difficult situations with a proven record of follow-

  through on assigned tasks.
– Strong cross-functional relationship building with high empathy to understand the needs of other businesses and priorities.
– Ability to maintain composure in critical situations and clearly communicate with different audiences.
– Comfortable in a fast-paced environment, subject to rapid change and innovation
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