Executive Director, IFP Product Management

Bring your heart to CVS Health. Every one of us at CVS Health shares a single, clear purpose: Bringing our heart to every moment of your health. This purpose guides our commitment to deliver enhanced human-centric health care for a rapidly changing world. Anchored in our brand — with heart at its center — our purpose sends a personal message that how we deliver our services is just as important as what we deliver.
 
Our Heart At Work Behaviors™ support this purpose. We want everyone who works at CVS Health to feel empowered by the role they play in transforming our culture and accelerating our ability to innovate and deliver solutions to make health care more personal, convenient and affordable.

The Executive Director of IFP Product Management & Development will be responsible or leading the team that builds IFP product portfolios market by market.

Key responsibilities:

• Conducts market and competitive research in new and existing Individual markets to support development of winning solutions, ensuring that IFP products reflect the needs of IFP consumers while focusing on affordability

• Drives strategic direction, localization, and execution of Aetna/CVS Individual Exchanges medical plan portfolio development across existing and new markets

• Assesses solutions at the Commercial Product and Enterprise level for strategic fit with the IFP business segment

• Partners closely with the Individual and Family Plans leaders to influence broader product offerings for exchange business with a local market perspective

• Drives proactive solutions/barrier resolution with multiple internal stakeholders to enable effective management of product portfolios and Enterprise initiatives

• Collaborates with other Commercial Product functions (e.g., Product Delivery & Implementation, Partner Product) to meet the Product objectives of the Individual business

• Coaches, mentors, and manages performance of team members; drives talent development and actively builds bench. Creates a customer focused culture and collaborates across the organization to ensure internal and external constituent needs are met

• Support the development of programs and solutions for total cost of care initiatives

• Lead the pharmacy product strategy for the IFP business and participate in pharmacy performance management activities

• Lead the IFP product development process by identifying and prioritizing enhancements, building business cases for new initiatives, and partnering with delivery teams to bring products to market

Remote

Qualifications

• Approximately 10 + years of payor, or consulting experience

• Proven examples of building innovative products

• Individual Exchange/Marketplace experience will be highly valued

• People management experience

• Financial acumen to understand how products and plan designs impact the overall financial performance of the IFP segment

• Highly organized and able to provide positive leadership across multiple work streams in a dynamic, complex working environment

• Strong communicator, both verbal and written, with experience influencing across functions and at all levels of an organization, as well as building positive relationships with peers and senior executives

• Highest level of attention to detail and the ability to lead multiple projects at a time, adjusting priorities as needed, and ensuring deadlines are met

• Financial acumen to understand how products and plan designs impact the overall financial performance of the IFP segment

Education
Bachelor’s degree

Pay Range

The typical pay range for this role is:

$131,500.00 - $303,195.00

This pay range represents the base hourly rate or base annual full-time salary for all positions in the job grade within which this position falls.  The actual base salary offer will depend on a variety of factors including experience, education, geography and other relevant factors.  This position is eligible for a CVS Health bonus, commission or short-term incentive program in addition to the base pay range listed above.  This position also includes an award target in the company’s equity award program. 
 
In addition to your compensation, enjoy the rewards of an organization that puts our heart into caring for our colleagues and our communities.  The Company offers a full range of medical, dental, and vision benefits.  Eligible employees may enroll in the Company’s 401(k) retirement savings plan, and an Employee Stock Purchase Plan is also available for eligible employees.  The Company provides a fully-paid term