Sr Manager, Product Management and Development - Medicare Advantage

CVS Health•Hartford, CT

1d•Hybrid

About The Position

The Senior Manager of Product Strategy for Medicare Advantage supports and develops strategic initiatives that drive growth, profitability, and competitive differentiation in the Medicare Advantage product portfolio for assigned markets. The role connects market intelligence, product innovation, financial performance, and regulatory compliance to deliver high-quality, member-centered health plans aligned with business objectives and evolving CMS requirements. It provides expertise and thought leadership in strategic planning, local market research, and cross-functional collaboration, and contributes to portfolio development, market analysis, and new product development. The position leads product strategy initiatives and serves as the Product Strategy team's main point of contact for assigned markets and functional areas such as Sales and Actuary. It develops product requirements and roadmaps, incorporates customer feedback, collaborates across functions to develop product ideas, and plans the retirement of underperforming products or features with communications addressing customer impact and alternatives. The role also supports long-term product vision and strategy, communicates plans to stakeholders, analyzes market trends and competitive positioning, and contributes to special projects. This is a hybrid role requiring work from a CVS Health office two to three days per week. Candidates must reside within 25 miles of a CVS Health office. The position is eligible for a CVS Health bonus, commission, or short-term incentive program and an equity award target. The stated pay range is $75,400 to $199,144, with the actual offer dependent on experience, education, geography, and other relevant factors.

Requirements

3–5 years of Medicare Advantage product experience.
Previous experience working cross-functionally within a highly matrixed health plan.
At least 3 years developing product strategies and working with competitive data and cross-functional partners.
Experience driving and contributing to cost-containment strategies.
Strong analytical skills and experience working with plan benefit datasets.
Experience developing product content and PowerPoint presentations, with strong leadership presentation ability.
Outstanding verbal and written communication skills.
Bachelor's degree or equivalent relevant experience.

Responsibilities

Lead product strategy initiatives and serve as the Product Strategy team's main point of contact for assigned markets and functional areas, including Sales and Actuary.
Act as a subject matter expert in Product Management and Development and perform complex analytics using functional and working knowledge.
Interpret legislative, competitive, and industry issues and recommend new products or product enhancements.
Incorporate national product portfolio guidance and standards into assigned markets, and develop, refine, and execute national and market-focused product guidance.
Develop product requirements and roadmaps, incorporating customer feedback into product strategy.
Collaborate cross-functionally to generate product ideas informed by customer input, studies, findings, and industry trends.
Plan the decommissioning of underperforming products or features, including proactive communications about customer impact and potential alternatives.
Support development of the long-term vision and strategy for company products and communicate new strategies and project plans to relevant stakeholders.
Analyze market trends and competitive positioning, including competitor benefit designs, and identify trends and strategic opportunities.
Support First Looks, MacVat, and ad hoc special projects.