Elevance Health - Wallingford, CT
posted 1 day ago
Full-time - Mid Level
Wallingford, CT
Insurance Carriers and Related Activities
About the position
The Product Manager Sr. is responsible for the development of products in both new and existing markets. This position will partner with leaders in local markets and product management directors to assess our competitive and strategic positioning, evaluate new opportunities, and ensure that our portfolios, packages and buy-up programs are competitive and supporting our goals for growth and profitability. In addition, this role will support our Plan it QA process and LG applications.
Responsibilities
- Measure, monitor and refine portfolio strategies to optimize product performance and achievement of expected results.
- Engage with the local sales teams to develop and drive our product strategy and to support client-specific product solutions.
- Evaluate existing products and competitor and industry data to improve existing products and make recommendations for new products.
- Develop and implement long term profitability strategies for market segment including market positioning, new product design pricing parameters, risk profiles, and legislative/regulatory responses.
- Coordinate presentation, communication and implementation of all phases of product development.
- Ensure all products are compliant with regulatory directives and state/federal laws and policies.
- Serve as a product expert and a relationship manager to the core clients.
Requirements
- Requires a BA/BS degree in a related field and a minimum of 4 years of related experience; or any combination of education and experience, which would provide an equivalent background.
Nice-to-haves
- MBA preferred.
- Health or managed care experience preferred.
- Medical/Pharmacy product experience preferred.
- Healthcare group product portfolio management preferred.
- Experience with Plan it and/or LG applications is preferred.
Benefits
- Merit increases
- Paid holidays
- Paid Time Off
- Incentive bonus programs
- Medical benefits
- Dental benefits
- Vision benefits
- Short and long term disability benefits
- 401(k) + match
- Stock purchase plan
- Life insurance
- Wellness programs
- Financial education resources
