Product Innovation & Growth Strategy Director

Elevance Health•Hanover, MD

1d•$117,768 - $201,888•Hybrid

About The Position

The Product Innovation & Growth Strategy Director will support the identification, evaluation, and advancement of new product opportunities that drive growth, differentiation, affordability, and superior health outcomes across Elevance Health’s Commercial portfolio. Reporting to the Head of Product Innovation, this role sits at the intersection of strategy, innovation, analytics, and execution. The Director will serve as a high-impact thought partner and operator — leading analytical workstreams, shaping investment cases, and helping translate early-stage concepts into actionable pilots and scalable solutions. This role is ideal for a highly analytical, entrepreneurial leader with a structured problem-solving toolkit who is eager to build and scale products in a complex healthcare environment.

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

2–5 years of experience at a top-tier professional services firm (e.g., management consulting, investment banking)
Exceptional structured problem-solving and analytical skills
Advanced financial modeling and Excel capabilities
Ability to independently drive workstreams in ambiguous environments
Strong executive communication skills – able to distill complex analyses into concise insights
Demonstrated interest in healthcare, innovation, venture, or product strategy
High intellectual curiosity and entrepreneurial mindset
Ability to influence without authority and build strong cross-functional relationships.

Responsibilities

Lead analytical workstreams to evaluate new product concepts, including market sizing, competitive landscaping, and financial modeling.
Help manage the new idea intake and prioritization funnel, including preparing materials for intake and ideation forums.
Develop investment cases for new product builds and partnerships.
Conduct ROI modeling and scenario analysis to support portfolio prioritization decisions.
Support execution of Commercial Product’s build-buy-partner strategy through structured diligence and stakeholder coordination.
Partner with Growth Studio and Commercial product leaders to assess and advance priority innovation initiatives (e.g., AHPs, GLP-1s, emerging care models).
Develop frameworks, dashboards, and metrics to evaluate pilots and inform scale decisions.
Synthesize complex analyses into clear executive-ready recommendations.