Product Manager Senior - CarelonRx Pharmacy Benefit Manager (PBM)

Product Manager Senior - CarelonRx Pharmacy Benefit Manager (PBM)

This role requires associates to be in-office 1 - 2 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. Alternate locations may be considered. 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 an accommodation is granted as required by law. A proud member of the Elevance Health family of companies, CarelonRx (formerly IngenioRx) leverages the power of new technologies and a strong, clinical-first lens, to deliver member-centered, lasting pharmacy care. The Product Manager Senior role involves comprehensive ownership of product initiatives, from ideation to execution, ensuring alignment with strategic business goals and a deep understanding of market dynamics and customer needs. Responsibilities include leading cross-functional teams through the Product Lifecycle Management process, managing P&L, driving testing readiness, and communicating effectively with stakeholders to deliver successful outcomes and continuous improvements.

How You Will Make An Impact :

P&L Owner : Profit and Loss Responsibility : Ensure financial performance and sustainability, aligning with strategic goals.

Strategic Ownership : End-to-End Accountability : Own the product initiative from ideation to execution, ensuring alignment with business strategy, customer needs, and goals. Define Product Vision & Objectives : Articulate strategic intent, success metrics, and desired outcomes. Business Case Development : Create and validate business cases with cost-benefit analysis and market insights. PLM Gate Leadership : Lead through all Product Lifecycle Management phases, ensuring readiness and stakeholder alignment.

Customer & Market Focus : Voice of the Customer : Use market research and feedback to guide product design and prioritize. Problem Definition : Clearly articulate customer problems or opportunities, including personas and pain points. Value Proposition Development : Define and validate the product's value and differentiation.

Cross-Functional Leadership : Collaborate with Project Manager : Partner to co-lead meetings and manage dependencies. Lead Cross-Functional Teams : Guide stakeholders from IT, Legal, Compliance, Operations, and Marketing. Decision Maker : Central authority for product decisions, consulting with managers and Product Heads.

Planning & Execution : Product Roadmap Definition : Maintain a roadmap aligning long-term vision with immediate priorities. Requirements Development : Define business and functional requirements, user stories, and acceptance criteria. Prioritization : Manage the product backlog and prioritize based on value, risk, and effort. UAT & Go-Live : Lead business UAT efforts and ensure go-to-market readiness. Testing Readiness and Execution : Drive testing readiness, oversee execution, and review results to ensure quality and effectiveness.

Communication & Stakeholder Engagement : Communicate Vision and Progress : Clearly communicate goals and progress to stakeholders. PPOC Participation : Co-present updates at committee meetings with the Project Manager, providing status, risks, and outcomes. Change Agent : Manage expectations and align on scope, timelines, or priorities.

Post-Launch & Continuous Improvement : Monitor Success Metrics : Track key performance indicators, adoption, and feedback. Continuous Improvement : Prioritize post-launch enhancements. Retrospective Leadership : Lead lessons learned sessions to inform future initiatives.

Minimum Requirements : Requires a BA / BS degree in a related field and a minimum of 2 years of related experience; or any combination of education and experience, which would provide an equivalent background.

Preferred Skills, Capabilities, and Experiences : MBA preferred Pharmacy Benefit Management (PBM), Health or managed care experience preferred Healthcare product experience highly preferred

Elevance Health is a health company dedicated to improving lives and communities and making healthcare simpler. We are a Fortune 25 company with a longstanding history in the healthcare industry, looking for leaders at all levels of the organization who are passionate about making an impact on our members and the communities we serve. We offer a range of market-competitive total rewards that include merit increases, paid holidays, Paid Time Off, and incentive bonus programs (unless covered by a collective bargaining agreement), medical, dental, vision, short and long term disability benefits, 401(k) +match, stock purchase plan, life insurance, wellness programs and financial education resources, to name a few. Elevance Health operates in a Hybrid Workforce Strategy. Unless specified as primarily virtual by the hiring manager, associates are required to work at an Elevance Health location at least once per week, and potentially several times per week. Specific requirements and expectations for time onsite will be discussed as part of the hiring process. The health of our associates and communities is a top priority for Elevance Health. We require all new candidates in certain patient / member-facing roles to become vaccinated against COVID-19 and Influenza. If you are not vaccinated, your offer will be rescinded unless you provide an acceptable explanation. Elevance Health will also follow all relevant federal, state and local laws. Elevance Health is an Equal Employment Opportunity employer and all qualified applicants will receive consideration for employment without regard to age, citizenship status, color, creed, disability, ethnicity, genetic information, gender (including gender identity and gender expression), marital status, national origin, race, religion, sex, sexual orientation, veteran status or any other status or condition protected by applicable federal, state, or local laws. Applicants who require accommodation to participate in the job application process may contact elevancehealthjobssupport@elevancehealth.com for assistance. Qualified applicants with arrest or conviction records will be considered for employment in accordance with all federal, state, and local laws, including, but not limited to, the Los Angeles County Fair Chance Ordinance and the California Fair Chance Act.