Waterfall - Head of Technology

About Raven:
We are Raven, RA Capital’s healthcare incubator. From discovery to delivery, whether we incubate, accelerate or rejuvenate, Raven’s goal is to turn scientific breakthroughs into transformative therapies and get them quickly, safely and efficiently to the patients that need them most. Raven’s experienced scientists, operators, and healthcare innovators have deep sector expertise across therapeutics, diagnostics, devices and services. They have brought hundreds of therapeutics into development, managed hospital systems, optimized clinical trials and navigated payor and regulatory systems to deliver patient impact - and they are ready to work with you.

About RA Capital:
Founded in 2004, RA Capital Management is a multi-stage investment manager dedicated to evidence-based investing in public and private healthcare, life sciences, and planetary health companies. RA Capital creates and funds innovative companies, from private seed rounds to public follow-on financings, allowing management teams to drive value creation from inception through commercialization and beyond. RA Capital's knowledge engine is guided by our Tech Atlas internal research division, and Raven, RA Capital’s company building team, offers entrepreneurs and innovators a collaborative and comprehensive platform to explore the novel and the re-imagined. RA Capital has more than 150 employees and over $10 billion in assets under management.

About Waterfall

Do you like to help solve difficult technical problems? Are you a team-oriented, mission-driven, and solutions-oriented leader interested in helping fix an exciting part of the health care ecosystem?  We are an early stage, VC-backed healthcare technology startup on a mission to transform how payers and providers collaborate to deliver value-based care. With a focus on filling the void on how payers gain insights in their relationships with their contracted providers and vendors, we are creating the next-generation technology solution for insurers to better manage the complexity that these contracts bring to make these relationships more efficient and successful for all parties. Our leadership team blends deep healthcare executive expertise with operational success in our prior health care roles.

Role Overview

We are seeking a Head of Technology (reporting to the CEO) who brings deep healthcare domain knowledge—specifically around insurance claims data—combined with the technical chops to lead engineering and data science teams in building robust, scalable software products. A understanding of alternative payment models (APMs) is a bonus but not a prerequisite.

This is a hands-on leadership role. You will hire our initial technical team, shape the architecture of our platform, guide the team’s technical execution, and roll up your sleeves to code and build alongside the team relative to your expertise. You will be instrumental in driving technical innovation, data normalization efforts, leveraging AI across our technical and product solutions, and aligning technology initiatives with our broader business goals.

Key Responsibilities

• Technical Leadership: Own and evolve the technology vision, architecture, and execution roadmap across our core platform.
• Hands-On Development: Actively contribute to system design, coding, and data engineering when necessary.
• Claims Data Expertise: Lead efforts to ingest, normalize, and analyze large volumes of insurance claims data from diverse sources (EDI, FHIR, etc.).
• Team Management: Build and mentor a small but growing team of software engineers and data scientists; foster a high-performance, collaborative culture.
• Cross Functional Collaboration: Experience working in and/or leading cross-functional development teams for successful enterprise SaaS applications, working closely with Product and Commercial leads in defining roadmaps and priorities and ensuring scalable product development.
• Scalability & Reliability: Design systems that are scalable, secure, and performant across high volumes of healthcare data with robust infrastructure.
• Collaborative Strategy: Partner with product, clinical, and business stakeholders to define and deliver features that meet real customer needs.
• Value-Based Care Enablement: Integrate and operationalize alternative payment models (e.g., shared savings, bundled payments, capitation) into the platform's core data workflows.
• Vendor & Tooling Decisions: Evaluate and implement relevant third-party tools and cloud services (AWS, GCP, etc.) to accelerate development.
• Security & Compliance: Ensure systems meet healthcare regulatory standards (HIPAA, HITRUST, SOC2, etc.).

Qualifications

• Healthcare Tech Experience: 10+ years in technical roles with ideally 3+ years handling insurance claims data. Experience with alternative payment models is not a pre-requisite, but a bonus.
• Technical Depth: Strong programming experience in Python, Java or  similar backend languages. Familiarity with modern cloud infrastructure and data pipelines.
• Data Engineering: Deep experience in working with large-scale data systems, data normalization, and healthcare interoperability standards (HL7, FHIR, X12/EDI).
• Leadership: Demonstrated success leading and growing high-performing technical teams in startup or growth stage companies. Ability to attract and recruit top talent, motivate the team, delegate effectively, and manage performance. Leads by example and drives the organization's performance with an attitude of continuous improvement.
• Start-Up Mentality: Comfortable in fast-paced, ambiguous environments. Resourceful and hands-on. Creativity, problem solving, innovative and able adapt nimbly and lead others through complex situations.
• Communication: Strong verbal and written communication skills. Able to convey technical topics to non-technical stakeholders.

Personal Traits

• Team oriented
• Collaborative, versatile and accountable
• Strong process and execution mindset
• Motivated and motivating
• Leads with integrity and inspires trust
• Effective communicator
• Not afraid to have fun

What We Will Offer You:

• Empowerment.  At Raven, we empower you to make a real impact. From discovery to delivery, whether we incubate, accelerate or rejuvenate, Raven’s goal is to turn scientific and technological breakthroughs into transformative therapies and services and get them quickly, safely and efficiently to the patients that need them most. We've built Raven portfolio companies, platforms, and capabilities to overcome the barriers and bottlenecks that slow healthcare innovation, and you'll be a key part of accelerating the path-to-patient with us.
• Resources.  We’ll offer you the resources you need to be successful. We are company building with RA Capital, with access to the proprietary TechAtlas research team to precision-map solutions to opportunities and access to the Investment Teams for market insight. Integration with RA Capital enables you to be part of a team that’s shaping the future.
• Expertise. Raven’s experienced scientists, operators, and healthcare innovators have deep sector expertise across therapeutics, diagnostics, devices and services. They have brought hundreds of therapeutics into development, managed hospital systems, optimized clinical trials and navigated payor and regulatory systems to deliver patient impact - and they are ready to work with you.
• Growth. Professional growth opportunities through mentoring, training, immersion in cross-functional projects, and access to resources such as LinkedIn Learning and RA University to support continuous learning and skill development.
• Best in class benefits. Comprehensive and competitive medical, dental and vision coverage. Life and disability coverage. Family leave, unlimited PTO, employee assistance program, and a 401k retirement plan with company matching. We also provide flexible work arrangements, with company lunches available Monday through Thursday for those who prefer to work in the office.
• Collaborative Culture. A vibrant work environment with an opportunity to learn from a team of high-caliber scientific and business leaders, fostering interdisciplinary collaboration and growth.  Our team is innovative, helpful and open.  You’ll learn a ton as you contribute to the future of healthcare.
• AI Tools and Resources.  RA Capital is looking for people who are proactive about using AI where possible, looking for new tools and even creating new tools; AI is transforming all our work and we need AI-forward people to ensure that we are as effective in our work as a new tool like AI can allow us to be.  We want everyone to have experience using AI and be eager in creatively experimenting with ways to incorporate it into their work to be more efficient and effective. Please be sure to speak to this in your coverletter and interview