Self-Funded Product Manager IV (Commercial Products)

Medica’s Product Manager IV is responsible for developing and managing self-funded health plan products by overseeing market research and regulatory requirements, defining product requirements/features, designing the overall customer experience and managing the product performance life cycle. In addition, this role partners with the self-funded product director on our 3-5 year self-funded product strategy.

Key Accountabilities:

• Research and analyze competitor offerings to evaluate market positioning, strengths and weaknesses, in relation to Medica’s commercial self-funded products
• Partner with sales and account management to gather and interpret customer feedback, needs and pain points, providing valuable input for product development and decision-making
• Collaborate with product director and product operations to prioritize, advance and execute product lifecycle activities that facilitate enhancements to the self-funded products
• Perform other duties as assigned, demonstrating flexibility and adaptability in contributing to the overall success of the commercial markets division and the organization
  
  

This role will work closely with the commercial product managers, marketing, sales, account management and operations. Externally the Product Manager will interact with brokers and customers, which may require attending broker panel meetings/seminars.

Qualifications:

• Bachelors degree or equivalent combination of education and related work experience
• 7 years of work experience beyond degree
• Healthcare experience required; health plan and self-funded/stop loss product knowledge
  
  

Additional Experience, Skills and Abilities:

• Demonstrated experience building strong, key stakeholder relationships to work effectively together to deliver successful outcomes
• Understanding of Stop-Loss contracts and underwriting
• Ability to provide direction to staff and lead projects
• PBM, contracting, or regulatory experience is desirable
• Experience in market and competitive analysis, preferably in the healthcare industry
• Strong analytical skills and ability to translate data and information into actionable insights
• Excellent communication and collaboration skills to work effectively in a matrixed environment
  
  

This position is a Hub role, which requires an employee to occasionally come onsite to the designated office – Minnetonka, MN, Madison, WI, Omaha, NE or St. Louis, MO – for applicable heads-up work. Frequency is determined by business need as decided by leadership.

The full salary range for this position is $87,100 - $149,300. Annual salary range placement will depend on a variety of factors including, but not limited to, education, work experience, applicable certifications and/or licensure, the position's scope and responsibility, internal pay equity and external market salary data. In addition to base compensation, this position may be eligible for incentive plan compensation in addition to base salary. Medica offers a generous total rewards package that includes competitive medical, dental, vision, PTO, Holidays, paid volunteer time off, 401K contributions, caregiver services and many other benefits to support our employees.

The compensation and benefits information is provided as of the date of this posting. Medica’s compensation and benefits are subject to change at any time, with or without notice, subject to applicable law.

The compensation and benefits information is provided as of the date of this posting. Medica’s compensation and benefits are subject to change at any time, with or without notice, subject to applicable law.

Medica's commitment to diversity, equity and inclusion (DEI) includes unifying our workforce through learning and development, recruitment and retention. We consistently communicate the importance of DEI, celebrate achievements, and seek out community partnerships and diverse suppliers that are representative of everyone in our community. We are developing sustainable programs and investing time, talent and resources to ensure that we are living our values. We are an Equal Opportunity/Affirmative Action employer, where all qualified candidates receive consideration for employment indiscriminate of race, religion, ethnicity, national origin, citizenship, gender, gender identity, sexual orientation, age, veteran status, disability, genetic information, or any other protected characteristic.