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Level Funded Product Manager (IV)
Level Funded Product Manager (IV)Medica • Minnetonka, MN, United States
Level Funded Product Manager (IV)

Level Funded Product Manager (IV)

Medica • Minnetonka, MN, United States
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Description

Medica is a nonprofit health plan with more than a million members that serves communities in Minnesota, Nebraska, Wisconsin, Missouri, and beyond. We deliver personalized health care experiences and partner closely with providers to ensure members are genuinely cared for.

We're a team that owns our work with accountability, makes data-driven decisions, embraces continuous learning, and celebrates collaboration - because success is a team sport. It's our mission to be there in the moments that matter most for our members and employees. Join us in creating a community of connected care, where coordinated, quality service is the norm and every member feels valued.

Medica's Product Manager IV is responsible for developing and managing level-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.

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. Performs other duties as assigned.

Key Accountabilities

  • Research and analyze competitor offerings to evaluate market positioning, strengths and weaknesses, in relation to Medica's level-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 level-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

Required Qualifications

  • Bachelors degree or equivalent combination of education and related work experience
  • 7+ years of work experience beyond degree
  • Skills and Abilities

  • Healthcare experience required; health plan and level-funded / stop loss product knowledge
  • 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 an Office role, which requires an employee to work onsite, on average, 3 days per week. We are open to candidates located near one of the following office locations : Minnetonka, MN, Madison, WI, Omaha, NE, or St. Louis, MO.

    The full salary grade for this position is $87,100 - $149,300. While the full salary grade is provided, the typical hiring salary range for this role is expected to be between $87,100 - $130,620. 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.

    Eligibility to work in the US : Medica does not offer work visa sponsorship for this role. All candidates must be legally authorized to work in the United States at the time of application. Employment is contingent on verification of identity and eligibility to work in the United States.

    We are an Equal Opportunity 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.

    Equal Opportunity Employer / Protected Veterans / Individuals with Disabilities

    This employer is required to notify all applicants of their rights pursuant to federal employment laws.

    For further information, please review the Know Your Rights notice from the Department of Labor.

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    Product Manager • Minnetonka, MN, United States

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