Product Development Director - CarelonRx

Elevance Health•Tampa, FL

4d•$116,424 - $182,574•Hybrid

About The Position

The Product Development Director is responsible for defining product portfolio strategy, driving product innovation, and providing director-level governance across the product operating model. This director partners with clients, executive stakeholders, and cross-functional matrix teams to translate business strategy into product portfolio priorities, guide Product Lifecycle Management (PLM) progression, ensure Product Council readiness, and deliver innovative product solutions that meet customer, market, regulatory, and business objectives across new and existing markets. CarelonRx pairs a strong, clinical-first lens with deep pharmacy expertise to create solutions that improve outcomes, control costs, and enhance each member’s health. CarelonRx is a proud member of the Elevance Health family of companies.

Requirements

Requires a BA/BS degree and a minimum of 5 years of related experience; or any combination of education and experience, which would provide an equivalent background.

Nice To Haves

Pharmacy Benefit Management (PBM), health plan, managed care, or healthcare product experience preferred.
Experience with product portfolio strategy, roadmap governance, Product Lifecycle Management (PLM), Product Council readiness, launch governance, and value realization preferred.
Experience leading cross-functional alignment across business, IT, Legal, Compliance, Operations, Product Platform, Finance/Actuary, and Marketing preferred.
Strong executive communication, stakeholder management, strategic prioritization, governance, problem solving, and decision-making skills preferred.
Experience developing financial models, requirements, roadmaps, and concept materials preferred.
MBA or advanced degree in Business, Healthcare Administration, or a related field preferred.

Responsibilities

Define product portfolio vision, strategy, and priorities aligned with business objectives, market opportunities, and portfolio goals.
Translate product strategy into actionable roadmaps, governance expectations, and Product Lifecycle Management (PLM) execution plans.
Lead product development initiatives from concept through launch, ensuring alignment with strategic objectives, stakeholder expectations, and value realization goals.
Drive Product Council readiness, PLM progression, launch planning, and governance activities to ensure timely execution and decision-making.
Monitor product, financial, operational, and customer performance metrics to identify opportunities for optimization, growth, and innovation.
Evaluate and refine product ideas by assessing strategic alignment, business value, customer impact, operational readiness, and portfolio fit.
Lead Voice of Customer (VoC), market research, and competitive intelligence activities to inform product strategy and innovation efforts.
Develop and guide go-to-market strategies, stakeholder communications, and launch readiness plans for new products and enhancements.
Partner cross-functionally with Clinical, Finance, Legal, Compliance, Marketing, Sales, Account Management, IT, Data & Analytics, and Operations teams to deliver product solutions.
Provide executive-level guidance on strategic tradeoffs, roadmap priorities, resource allocation, timing, and escalation decisions.
Serve as a product leader and subject matter expert, influencing stakeholders and driving alignment across a complex matrixed organization.
Escalate strategic decisions requiring Product Head, senior leadership, business unit, or executive leadership team alignment while balancing customer needs, market opportunities, readiness, timing, and business value.