What are the responsibilities and job description for the Director Product Strategy position at Delta Dental of New Jersey and Connecticut?
About Us
Delta Dental of New Jersey and Delta Dental of Connecticut are proud to be leaders in the dental insurance industry, offering a wide range of plans to meet the needs of individuals and employers alike. As New Jersey’s largest dental coverage provider, we are committed to delivering high-quality, cost-effective solutions designed to meet the diverse needs of our customers and our team is growing.
In Connecticut, Delta Dental of Connecticut, Inc. provides fully insured dental coverage, while Delta Dental of New Jersey administers self-funded dental benefit programs. We proudly serve over 1.7 million individuals through more than 1,800 groups, including commercial, school board, and government programs.
Since 1969, Delta Dental has been at the forefront of innovation, offering programs that control costs while ensuring the highest level of benefits.
As a member of the national Delta Dental Plans Association, we provide national dental coverage to over 75 million people across 139,000 groups. Our commitment to excellence is reflected in our prestigious Standard & Poor’s “A ” rating for financial strength. Join us and be a part of a trusted company with a rich history of delivering quality dental benefits to millions.
In addition to a great culture, we offer excellent benefits including medical, dental, Rx and vision, matching 401k, enhanced tuition reimbursement, and generous time off to recharge. We value our associates and support everyone with learning and development, active wellness and diversity initiatives, and even paid time off to volunteer at causes that you care about.
Job Summary
Delta Dental of New Jersey, Inc. located in Parsippany NJ is currently seeking a Product Strategy and Development leader to join our team. This full time, hybrid position (PSD) is responsible for developing and executing comprehensive product strategies to drive sales volume and achieve ROI targets. This role involves managing key products throughout their lifecycle, including P&L impact, and playing a crucial role in the company's transformation efforts. The PSD will lead cross-functional teams, serve as an internal SME, and partner with various departments and third-party providers to ensure product success.
Essential Functions & Responsibilities
- Assess market segment needs and identify product development opportunities.
- Translate market needs into product requirements and develop business cases.
- Support the creation of a product-market roadmap and evaluate external alliances.
- Achieve growth, revenue, ROI, and financial sustainability targets.
- Manage select business lines and structure external partnerships.
- Leverage market research to enhance products and features.
- Provide regular product and market status updates to senior management.
- Understand the impact of laws, regulations, and market dynamics on products.
Essential Qualifications:
- Competencies: Adaptability, Communication, Creativity, Customer Focus, Job Knowledge, Planning, Problem Solving, Results Focus, Sense of Urgency, Strategic Thinking.
- Technical Skills: Proficiency in MS Office, strong financial and analytical skills, superior research and presentation skills, effective communication, and strong project management.
- Physical Abilities: Ability to perform extensive keyboard and PC work, walk, talk, hear, and occasionally stand and reach.
- Experience: 5-7 years in health insurance/healthcare, product development, management, and marketing. Preference for dental or health plans experience.
- Education: BA/BS, MA/MS in Business, Public Policy, Health Administration, or Policy Administration preferred.
- Certifications: Insurance and benefit industry designations (e.g., CEBS) preferred.
