Sr Manager, Product Management and Development - Medicare Advantage
About The Position
The Senior Manager of Product Strategy, Medicare Advantage supports and develops strategic initiatives that drive growth, profitability, and competitive differentiation across the Medicare Advantage product portfolio in assigned markets. The role combines market intelligence, product innovation, financial performance, and regulatory compliance to help deliver high-quality, member-centered health plans aligned with business objectives and evolving CMS requirements. The Senior Manager provides expertise and thought leadership in strategic planning, local market research, and cross-functional collaboration. The role supports product portfolio development, conducts market analysis, drives new product development, evaluates performance, and supports regulatory compliance. It serves as the Product Strategy team’s primary contact for assigned markets and other functional areas, including sales and actuarial teams. 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.
Requirements
- 3–5 years of Medicare Advantage product experience.
- Previous experience working cross-functionally within a highly matrixed health plan.
- 3 or more 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 act as the Product Strategy team’s primary contact for assigned markets and other functional areas, including sales and actuarial teams.
- Serve as a subject matter expert within Product Management and Development, applying functional and working knowledge to complete complex analytics.
- Interpret legislative, competitive, and industry issues and recommend new products or product enhancements.
- Incorporate portfolio management guidance for the IVL Product organization at the market level, developing, refining, and executing national and market-focused product guidance and standards.
- Develop product requirements and roadmaps, incorporating customer feedback into product strategy.
- Collaborate across functions to generate product ideas based on customer input, external studies and findings, and industry trends.
- Plan the decommissioning of underperforming products or features, including proactive communications about customer impact and potential alternatives.
- Execute national and local product strategy guidance and standards.
- Support development of long-term product vision and strategy, communicating new strategies and project plans to relevant stakeholders.
- Analyze market trends and competitive positioning, gathering and evaluating insights about competitors’ benefit designs and identifying trends and strategic opportunities.
- Conduct First Looks (high-level pre-AEP releases) and MacVat analysis (post-10/1 full benefits).
- Support ad hoc special projects.
Benefits
- Medical coverage
- Dental coverage
- Vision coverage
- Paid time off
- Retirement savings options
- Wellness programs
- Other resources supporting physical, emotional, and financial well-being, based on eligibility
- Eligibility for a CVS Health bonus, commission, or short-term incentive program
- Equity award program
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What This Job Offers
Job Type
Full-time
Career Level
Senior
