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Job Posting Title
Senior Director, Product Development & Innovation
Job Description Summary
Provide leadership in the formal design of the product development process and the monitoring of targeted products as they evolve through this cycle. Drives product strategy, concept design, solution implementation, and ongoing product maintenance. Through the use of full life-cycle product development, creates tangible business strategies, facilitates planning activities, executes activities, and measures results. Responsibilities also include, but are not limited to research, pricing, conceptualizing, translating market research and needs, mobilizing design teams, providing product content expertise for implementing and launching new products and enhancements.
Job Description
The Senior Director, Product Development and Innovation is accountable for the development and execution of a multi-year product development strategy and pipeline that aligns to Prime's current and future strategic objectives. This position drives a consistent and repeatable product development methodology and facilitates strategic product initiatives across Prime with a focus on innovation that drives affordability and creates external value. The Senior Director provides leadership to the product development & innovation function and drives the development, maintenance, and publication of market differentiating product roadmaps. Responsibilities also include, but are not limited to research, pricing, conceptualizing, translating market research and needs, mobilizing design teams, providing product content expertise for implementing and launching new products and enhancements and facilitating external vendor relationships for product development.

• Develop in conjunction with innovation leadership, a multi-year product development strategy and pipeline that aligns to Prime's current and future strategic objectives; collaborate with functional Subject Matter Experts (SMEs), Line of Business General Managers, and senior leadership to ensure strategic alignment, prioritization, funding, and resource allocation.
• Manage team of individuals responsible for product development and innovation; oversee progress of enterprise innovation and product development initiatives; present and report overall status updates to Innovation Solution leadership.
• Provide Innovation Solutions dashboards and reporting to Prime and Client leadership, intended to drive awareness and support of Product initiatives, seek resolution on enterprise level issues, and solicit sponsorship for future products investments and enhancements.
• Establish and ensure enterprise commitment to a comprehensive and repeatable product development methodology; provide leadership on collaborative product development initiatives with cross-functional teams, clients, and third-party administrators; support, and at times, participate in project stage gate approval presentations for executive committees.
• Provide direction related to business cases, feasibility assessments, pricing assessments and financial (ROI) analysis.
• Work with Prime's Client Engagement and Marketing teams to develop and reinforce a compelling value story, inclusive of socialization strategies, training materials and launch plans.
• Maintain in-depth industry and competitive insights to proactively evaluate new product development opportunities, anticipate changing market needs, and identify possible enhancements; maintain and coordinate cadence of product competitive intelligence and calendar activities to bring awareness, readiness, and to establish and maintain repeatable cadence of product activities.
• Represent the Innovation Solutions team in key Client Engagement and client-facing forums to implement product development initiatives, identify and support early adopters and pilot participants, and gain feedback and support for future products.
• Manage department budget, staffing, performance and development, and consistently demonstrate Prime's leadership expectations during interactions with direct reports, cross functional and external stakeholders.
• Identifies and executes initiatives to transform the company's products into more efficient and price sensitive offerings.
• Translates market and customer needs into recommendations and specifications for products, product features, and leverages creativity to design new affordability solutions where new markets can be created.
• Serves as the company's product & innovation subject matter expert for customer relationships as related to strategic initiatives that provide external value.
• Through presentations and ongoing consultations provides information about trends, benchmarks and strategies to better position customer offerings.
• Manages people, prioritizes deliverables, and translates initiatives into a product roadmap.
• Negotiates at all levels, finding common ground and obtaining buy-in around strategies and tactics.
• Delivers professional presentations to senior leadership, external customers, and consultant audiences.
• Facilitates external vendor relationships and partnering to design and build strategic initiatives.
• Performs other duties as assigned.

Responsibilities
Minimum 10 years experience in product development preferably within the managed care industry plus 5 or more years of experience in a leadership role.
-Thorough knowledge of the healthcare industry, specifically PBM and Specialty Pharmacy.
-Comprehensive understanding of specialty product implementation and client needs/wants to creatively recommend product and services that is market competitive while meeting financial goals of the company.
-Knowledge of Specialty Pharmacy and overall strategies to pull through scripts.
-Knowledge of underwriting principles and guidelines.
-Bachelors degree required in Business Administration, Management, Health Services Policy or Administration, or clinical studies.
-Experience in the coordination and collaboration of work teams and a proven track record of success while working in any of the following functional areas: Product Management and Development, or Program Operations.
-Proven track record of results and results oriented.-Experience in the design, management, and implementation of products including the coordination and integration of all primary business functions.
-Must possess strong organizational, consultation and analytical skills.
-Good verbal and written communication skills are essential.
-Strong organizational and consultation skills in the areas of product development and analysis.
-Self-starter and ability to work independently.
-Must be able to adhere to strict deadlines.
Work Experience
Work Experience - Required:
Management/Leadership, Marketing, Product Innovation/Development
Work Experience - Preferred:
Education
Education - Required:
Bachelors - Business Administration, Bachelors - Healthcare, Bachelors - Marketing
Education - Preferred:
Masters
Certifications
Certifications - Required:
Certifications - Preferred:
Potential pay for this position ranges from $122,630.00 - $208,450.00 based on experience and skills. Pay range may vary by 8% depending on applicant location.
To review our Benefits, Incentives and Additional Compensation, visit our Benefits Page and click on the "Benefits at a glance" button for more detail.
Prime Therapeutics LLC is an Equal Opportunity Employer. We encourage diverse candidates to apply and all qualified applicants will receive consideration for employment without regard to race, color, religion, sex (including pregnancy), sexual orientation, gender identity or expression, genetic information, marital status, family status, national origin, age, disability, veteran status, or any other legally protected class under federal, state, or local law.
Positions will be posted for a minimum of five consecutive workdays.