What are the responsibilities and job description for the Product Manager - Specialty Product (Hybrid) position at CareFirst BlueCross BlueShield?
Resp & Qualifications
PURPOSE:
The Product Manager - Specialty Product is responsible for championing and growing product lines to meet financial goals and align with our brand and user experience. Product Manager - Product Development will conceive of and produce executive level product analyses and recommendations for Senior Leadership that include what products to retain and what products to retire based on data. They will produce competitive product and pricing analyses to demonstrate areas of opportunity and implement strategies to capture those opportunities within assigned product lines. The Product Manager - Specialty Product is responsible for coordinating the activities required to bring the product to market and mitigates issues related to pricing, operations, distribution, and the sale of products within their assigned portfolio.
Additionally, this role is responsible for understanding and supporting regulatory filing requirements (including form and rate filings), ensuring alignment with compliance standards, and partnering cross-functionally to deliver compliant, market-ready products across Specialty Product lines.
They will apply professional knowledge to resolve any issues by aligning solutions with organizational policies and procedures.
Essential Functions
Position does not have direct reports but is expected to assist in guiding and mentoring less experienced staff. May lead a team of matrixed resources.
Qualifications
Education Level: Bachelor's Degree in Marketing, Business or related field OR in lieu of a Bachelor's degree, an additional 4 years of relevant work experience is required in addition to the required work experience.
Experience: 3 years product analysis, product management or related business experience.
Knowledge, Skills And Abilities (KSAs)
Salary Range Disclaimer
The disclosed range estimate has not been adjusted for the applicable geographic differential associated with the location at which the work is being performed. This compensation range is specific and considers factors such as (but not limited to) the scope and responsibilities of the position, the candidate's work experience, education/training, internal peer equity, and market and business consideration. It is not typical for an individual to be hired at the top of the range, as compensation decisions depend on each case's facts and circumstances, including but not limited to experience, internal equity, and location. In addition to your compensation, CareFirst offers a comprehensive benefits package, various incentive programs/plans, and 401k contribution programs/plans (all benefits/incentives are subject to eligibility requirements).
Equal Employment Opportunity
CareFirst BlueCross BlueShield is an Equal Opportunity (EEO) employer. It is the policy of the Company to provide equal employment opportunities to all qualified applicants without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, age, protected veteran or disabled status, or genetic information.
Federal Disc/Physical Demand
Note: The incumbent is required to immediately disclose any debarment, exclusion, or other event that makes him/her ineligible to perform work directly or indirectly on Federal health care programs.
Physical Demands
The associate is primarily seated while performing the duties of the position. Occasional walking or standing is required. The hands are regularly used to write, type, key and handle or feel small controls and objects. The associate must frequently talk and hear. Weights up to 25 pounds are occasionally lifted.
Sponsorship in US
Must be eligible to work in the U.S. without Sponsorship.
PURPOSE:
The Product Manager - Specialty Product is responsible for championing and growing product lines to meet financial goals and align with our brand and user experience. Product Manager - Product Development will conceive of and produce executive level product analyses and recommendations for Senior Leadership that include what products to retain and what products to retire based on data. They will produce competitive product and pricing analyses to demonstrate areas of opportunity and implement strategies to capture those opportunities within assigned product lines. The Product Manager - Specialty Product is responsible for coordinating the activities required to bring the product to market and mitigates issues related to pricing, operations, distribution, and the sale of products within their assigned portfolio.
Additionally, this role is responsible for understanding and supporting regulatory filing requirements (including form and rate filings), ensuring alignment with compliance standards, and partnering cross-functionally to deliver compliant, market-ready products across Specialty Product lines.
They will apply professional knowledge to resolve any issues by aligning solutions with organizational policies and procedures.
Essential Functions
- Serve as a representative building relationships with other departments to collaboratively propose and partner on product development and implementation to introduce new product components or enhance existing products or product lines. Collaborate on resolving operational issues related to maintaining product levels and achieving organizational goals.
- Partner with Manager, Product Lifecycle and Director, Product Life Cycle to identify short and long-range strategies as well as resources needed for product expansion and contraction within organization. View product portfolio comprehensively to assess the breadth and depth of product offerings. Provide product insight and direction to optimize new product launches. Conduct and manage primary and secondary market research products, including partnering with marketing and sales to leverage findings into successful product launch.
- Analyze data and make strategic recommendations including recommending pricing strategies, and monitoring budget and expenditures. Analyze, interpret, and translate data both internally and externally to understand target markets and opportunities. Monitor the market; competitive, technology, and regulatory environments. Perform operational tasks within the product lifecycle to include new product introduction, planning and scheduling, availability, and dashboard management.
- Lead and support regulatory and product delivery activities across Specialty Product lines, including: Managing form and rate filings, partnering with actuarial, underwriting, compliance, and legal teams to ensure accuracy, completeness, and timely approvals, maintaining knowledge of regulatory requirements, ensuring product design and updates remain compliant, coordinating regulatory submissions, objections, and approvals to minimize impacts to timelines, supporting end-to-end product delivery, including backlog management, go-to-market coordination, and operational readiness and collaborating cross-functionally (engineering, operations, network, sales, marketing) to improve data quality, workflows, and member experience.
Position does not have direct reports but is expected to assist in guiding and mentoring less experienced staff. May lead a team of matrixed resources.
Qualifications
Education Level: Bachelor's Degree in Marketing, Business or related field OR in lieu of a Bachelor's degree, an additional 4 years of relevant work experience is required in addition to the required work experience.
Experience: 3 years product analysis, product management or related business experience.
Knowledge, Skills And Abilities (KSAs)
- Highly developed analytical skills and must be able to effectively communicate complex marketing and business related issues to a diverse audience (both written and orally).
- Ability to build productive relationships, be effective in individual and group meetings, be skilled in conflict resolution negotiations, and be able to lead and work effectively on cross-functional teams.
- Aggressive in desire to produce innovative alternatives, and be willing to defend suggestions in varied circumstances.
- Proficient in Word, Excel, and Powerpoint.
Salary Range Disclaimer
The disclosed range estimate has not been adjusted for the applicable geographic differential associated with the location at which the work is being performed. This compensation range is specific and considers factors such as (but not limited to) the scope and responsibilities of the position, the candidate's work experience, education/training, internal peer equity, and market and business consideration. It is not typical for an individual to be hired at the top of the range, as compensation decisions depend on each case's facts and circumstances, including but not limited to experience, internal equity, and location. In addition to your compensation, CareFirst offers a comprehensive benefits package, various incentive programs/plans, and 401k contribution programs/plans (all benefits/incentives are subject to eligibility requirements).
Equal Employment Opportunity
CareFirst BlueCross BlueShield is an Equal Opportunity (EEO) employer. It is the policy of the Company to provide equal employment opportunities to all qualified applicants without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, age, protected veteran or disabled status, or genetic information.
Federal Disc/Physical Demand
Note: The incumbent is required to immediately disclose any debarment, exclusion, or other event that makes him/her ineligible to perform work directly or indirectly on Federal health care programs.
Physical Demands
The associate is primarily seated while performing the duties of the position. Occasional walking or standing is required. The hands are regularly used to write, type, key and handle or feel small controls and objects. The associate must frequently talk and hear. Weights up to 25 pounds are occasionally lifted.
Sponsorship in US
Must be eligible to work in the U.S. without Sponsorship.
Salary : $71,280 - $141,570