Senior Manager - Stop Loss Product

CVS Health • Hartford, CT

3d

About The Position

We’re building a world of health around every individual — shaping a more connected, convenient and compassionate health experience. At CVS Health®, you’ll be surrounded by passionate colleagues who care deeply, innovate with purpose, hold ourselves accountable and prioritize safety and quality in everything we do. Join us and be part of something bigger – helping to simplify health care one person, one family and one community at a time. The Stop Loss Product Manager will drive development and execution of Stop Loss product strategy and select projects in support of the Stop Loss business, working with cross-functional partners (e.g., Underwriting, Sales, Actuarial). The Stop Loss product portfolio will be designed to meet and anticipate new customer needs, support realization of commercial growth objectives, and contribute to a market leadership position.

Requirements

• Bachelor's degree along with 7-10 years of work experience in product management and/or product development
• Must have prior Stop loss or health insurance experience
• Proven track record collaborating cross-functionally (actuarial, underwriting, sales, legal, operations, and technology teams)
• Expert level skill set in defining product strategy, developing, and implementing business plans, using a data-driven approach

Nice To Haves

• Master’s Degree
• Experience developing business cases, evaluating market trends, and driving go-to-market strategies
• Expert ability to develop PowerPoint presentations
• Self-directed and self-motivated with ability to manage multiple projects, prioritize deliverables, and meet deadlines
• Experience thinking strategically and working collaboratively to set goals, build alignment, overcome obstacles and achieve project results

Responsibilities

• Create a Stop Loss product strategy outlining key objectives, prioritized initiatives, feature roadmap and performance metrics.
• Guides product performance, assesses monitors market trends, and makes data-driven decisions regarding product enhancements, updates, or retirement to optimize the product portfolio.
• Identifies unique value propositions, defines product positioning, and ensures effective communication of product features and benefits to customers and the market.
• Assess competitive positioning of current Stop Loss products and recommend options to improve differentiation and impact.
• Enhance Stop Loss products, and associated processes and systems, as needed, to improve customer and member experience and ensure competitive position of Stop Loss product suite.
• Monitor customer, member and broker/consultant feedback, regulatory changes, and competitive intelligence on a regular basis, and consider impacts to product strategy.
• Creates and reimagines marketing collateral that highlight the value proposition of Aetna Stop Loss Building materials (including slide decks) that articulate product strategy for training, and guidance for brokers and internal Sales teams
• Managing the product lifecycle: from ideation and launch through ongoing improvement and sunset decisions
• Working with cross-functional partners like Sales, Product Evaluation and Delivery, and Finance, develop business case(s) for product enhancements.
• This is an individual contributor role

Benefits

• Affordable medical plan options, a 401(k) plan (including matching company contributions), and an employee stock purchase plan.
• No-cost programs for all colleagues including wellness screenings, tobacco cessation and weight management programs, confidential counseling and financial coaching.
• Benefit solutions that address the different needs and preferences of our colleagues including paid time off, flexible work schedules, family leave, dependent care resources, colleague assistance programs, tuition assistance, retiree medical access and many other benefits depending on eligibility.

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level