Product Portolio Manager in Owings Mills, MD at nTech Workforce

Date Posted: 9/9/2022

Job Snapshot

Job Description

Terms of Employment

  • W2 Contract-to-Permanent, 4 Months
  • This position is 100% remote. Candidates must reside in Maryland, Washington, DC, Virginia, West Virginia, Pennsylvania, Delaware, New Jersey, New York, North Carolina, Florida, or Texas.

Overview

Our client is looking for a Product Portfolio Manager to join the Commercial Markets Team – focused on Affordable Care Act (ACA) products offered to individual and small group customers. The Product Portfolio Manager, after training and ramp up, would act as a product expert on these markets.

The Product Portfolio Manager is responsible for driving product portfolio management, product operation, and product lifecycle design activities while working across the company to develop processes to mediate the gaps. In addition, the Product Portfolio Manager is responsible for building partnerships with other business functions to improve product development efficiency, execution alignment, and time-to-market. The Product Portfolio Manager will drive monthly, quarterly, and annual portfolio presentation and planning across the company, track budget for various product development and research programs and provide analysis for strategic product planning, and understand, assess, and improve Product Development Lifecycle internal processes.

Responsibilities

  • Provide direct support to the organization in all designated product segments, by serving as the subject matter expert; assisting in strategic planning; operations process improvement assistance; assistance in operational staff training; making presentations to accounts and brokers; conducting broker training, conducting Sales training; conducting large scale employee/member or prospect meetings. Provide subject matter expertise and leadership to all areas of the company related to Market regulations, policies and nuances, and serve as an advisor on related implementations and task forces.
  • Manage and assist in the development of new products and features for assigned market segments. Identify differentiated, innovative and value-added benefits to succeed in highly competitive market. Determine the strategic fit of product portfolio and develop strategies to target high growth and profitable customer segments. As products are developed or modified, ensure that they are consistent with overall corporate strategic direction. On continual basis, engage in comprehensive product life cycle management for all products.
  • Manage and assist in the analysis, evaluation, quantification, and determination of future marketplace opportunities to create product and segment strategies balancing customer needs, financial requirements and corporate strategic goals. Maintain market focus by utilizing primary and secondary marketing research and by engaging feedback from accounts and brokers. Lead multidisciplinary teams to develop and publish annual product/segment plan.
  • For assigned Market, manage and assist in the facilitation of multidisciplinary product development or product implementation teams. Serve as business owner, point person and consensus builder for marketing, product, and strategic issues. For assigned Market, manage and assist in the monitoring of profitability, enrollment, customer satisfaction, and market and competitor trends in order to recommend new products, product enhancements, or product retirements. Develop monthly updates and presentation of quarterly comprehensive closing documents to marketing staff in order to gauge Market’s performance and to summarize key findings and trends.
  • Lead the Go-to-Market efforts for the portfolio and communicate both internally and externally regarding portfolio design and tactical positioning. Influence teams and various internal stakeholders to achieve set objectives while remaining true to our values and competencies. Present and sell strategic recommendations to the CEO and to Executive Management. Serve as Market "champion" and spokesperson, to ensure that potential internal investors at all levels of the organization are attracted to and fully informed of products' and segments' marketability, profitability, and fit within the changing marketplace.

Required Skills & Experience

  • Bachelor's Degree and 5+ years of demonstrated product management/product analysis experience – OR – High School Diploma and 9+ years of demonstrated product management / product analysis experience.
  • Experience in product management in the health insurance industry, with a preference for product management in the ACA-space with a focus on individual market, small market, mid-market, or jumbo-market segments.
  • Experience developing product strategy and performing hands-on product execution work.
  • Experience developing annual strategy plans – to include initial strategy development, plan approval, strategy execution, Go-To-Market management, and ongoing portfolio management.
  • Ability to work independently, post-training and ramp up, with the confidence and curiosity to connect with and build relationships with Sales team, Communications team, and relevant internal stakeholders.
  • Comfortable working within Excel for general analysis and PowerPoint for presentation purposes.

Preferred Skills & Experience

  • Experience working with a BlueCross BlueShield entity, Aetna, Cigna, UnitedHealth, or similar.

nTech is an equal opportunity employer. All offers of employment are contingent upon pre-employment drug and background screenings. Only candidates who meet all of the above client requirements will be contacted by a recruiter