Product Manager Senior - CarelonRx Pharmacy Benefit Manager (PBM)

Anticipated End Date:

2025-10-24

Position Title:

Product Manager Senior - CarelonRx Pharmacy Benefit Manager (PBM)

Job Description:

Product Manager Senior -  CarelonRx Pharmacy Benefit Manager (PBM) 

Location: 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