Anticipated End Date:

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Job Description:

Product Management Director Sr

Location: This role requires associates to be in-office 3 days per week, fostering collaboration and connectivity, while providing flexibility to support productivity and work-life balance. This approach combines structured office engagement with the autonomy of virtual work, promoting a dynamic and adaptable workplace.

Please note that per our policy on hybrid/virtual work, candidates not within a reasonable commuting distance from the posting location(s) will not be considered for employment, unless accommodation is granted as required by law

The Product Management Director Sr is responsible for leading the development and implementation of complex product strategies for our Supplemental Health product line across the enterprise and within a multi-state environment.

Primary duties may include, but are not limited to:

• New product development across Accident, Critical Illness, and Hospital Indemnity as needed to stay market competitive within our 14 Blue states.
• Competitive intelligence for Supplemental Health products and recommending product and market strategies.
• Benefit additions & enhancements (via filed contract amendments or full filings) per market changes or proactively identifying benefit differentiators.
• Review of product contracts and certificates during state filing process (amendments and full product filings) with Filing team.
• Work with Filing team to address state filing objections along with Actuarial, when necessary.
• State variation tracking by product and review/approve product requirements for proposal & rating tools (UW & Field Sales versions).
• Assess new state mandates and operationalize impacts to new business and renewals
• Compliance attestations for state mandates.
• Work with Actuarial on any pricing issues/assumptions/rate filing items.
• Provide content and final review for Product & Sales marketing brochures, presentations, and training materials.
• Review and complete LIMRA, Eastbridge and Milliman Supplemental Health surveys for subsequent competitive intelligence for participating carriers.
• Maintain and nurture engagement from internal and external product development partners to ensure stage-gates are achieved and state filings are submitted on a timely basis.
• Develops, implements, and maintains a competitive product platform.
• Partners with product managers to achieve superior execution of product strategy in the marketplace.
• Tracks individual product performance by benefit design, market segment, and sub-region.
• Supports the development of short- and long-term strategic product plans in support of market, sales, and profitability objectives.
• Identifies system needs to support short- and long-term product strategy.
• Develops system requirements and ROI.
• May lead efforts or manage project teams in the implementation of complex regional and companywide initiatives, including portfolio repositioning in a market, legislative changes, network/provider changes, medical management programs, and policy initiatives.
• Owns and manages day-to-day vendor relationships
• Claim exceptions/appeals/fraud, waste, and abuse – coordination with vendor, Compliance and Legal (SIU, if needed) on requested exceptions and, more specifically, on specific claim appeals and overall process.

Requirements

BA/BS degree and a minimum of 7 years of related experience; or any combination of education and experience, which would provide an equivalent background.

Preferred Education and Experience

• Masters Degree

• Experience creating product strategies for a Supplemental Health product line

For candidates working in person or virtually in the below location(s), the salary* range for this specific position is $128,800 to $215,520

Locations: Illinois, Virginia

In addition to your salary, Elevance Health offers benefits such as, a comprehensive benefits package, incentive and recognition programs, equity stock purchase and 401k contribution (all benefits are subject to eligibility requirements). The salary offered for this specific position is based on a number of legitimate, non-discriminatory factors set by the Company.  The Company is fully committed to ensuring equal pay opportunities for equal work regardless of gender, race, or any other category protected by federal, state, and local pay equity laws.

* The salary range is the range Elevance Health in good faith believes is the range of possible compensation for this role at the time of this posting. This range may be modified in the future and actual compensation may vary from posting based on geographic location, work experience, education and/or skill level. Even within the range, the actual compensation will vary depending on the above factors as well as market/business considerations. No amount is considered to be wages or compensation until such amount is earned, vested, and determinable under the terms and conditions of the applicable policies and plans. The amount and availability of any bonus, commission, benefits, or any other form of compensation and benefits that are allocable to a particular employee remains in the Company's sole discretion unless and until paid and may be modified at the Company’s sole discretion, consistent with the law.

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Please be advised that Elevance Health only accepts resumes for compensation from agencies that have a signed agreement with Elevance Health. Any unsolicited resumes, including those submitted to hiring managers, are deemed to be the property of Elevance Health.