Director of Product

Company Description

Why Wellmark: We are a mutual insurance company owned by our policy holders across Iowa and South Dakota, and we’ve built our reputation on over 80 years’ worth of trust. We are not motivated by profits. We are motivated by the well-being of our friends, family, and neighbors–our members. If you’re passionate about joining an organization working hard to put its members first, to provide best-in-class service, and one that is committed to sustainability and innovation, consider applying today! 

Learn more about our unique benefit offerings here. 

Job Description

At Wellmark, we’re redefining what health plans can deliver for employers and their people. This is a unique opportunity to shape the future of products that impact thousands of organizations and members across our markets. As Director of Product leading our Large Group segment, you will have the platform, partnerships, and executive visibility to bring bold ideas to life, influence enterprise strategy, and deliver meaningful innovation at scale. Join a purpose-driven organization committed to improving health outcomes, advancing affordability, and creating differentiated value in a rapidly evolving industry. 

About the Role: The Director of Product for Large Group is a pivotal leadership role responsible for shaping and executing a forward-looking strategy for one of Wellmark’s most critical product portfolios. This leader owns end-to-end product performance, including multi-year P&L accountability, growth, and long-term value creation, while translating enterprise priorities into a compelling product vision and roadmap. You will guide high-impact initiatives from concept through investment decisions and delivery, ensuring alignment, speed, and measurable outcomes. As a trusted advisor and matrixed leader, you will partner closely with actuarial, finance, analytics, sales, operations, and technology to deliver innovative, market-leading solutions that strengthen Wellmark’s position in the employer space. 

What You’ll Bring: You are a strategic, commercially minded product leader who thrives in complexity and is energized by building solutions that meet the evolving needs of large employers and their workforce. You bring a strong track record of leading cross-functional initiatives and delivering measurable results, supported by deep financial acumen and experience owning product performance and investment decisions. You excel at translating data, market trends, and competitive insights into clear, actionable strategies that drive growth and differentiation. A natural influencer, you build credibility with senior leaders and inspire alignment across matrixed teams, leading through both vision and accountability. You are passionate about developing high-performing teams, navigating change with confidence, and driving outcomes that create lasting value for customers and the business. 

Qualifications

Required:

• Bachelor’s degree in a quantitative or business focused field (e.g., STEM, Finance, Statistics), or an equivalent combination of education and experience demonstrating advanced analytical capability.
• 5+ years of progressive experience leading complex, cross functional strategic initiatives, including strategy development, execution, transformation, and change leadership.
• 3+ years of experience in product management, portfolio leadership, or initiative ownership in regulated, operationally complex environments.
• Demonstrated financial and P&L acumen, including multi-year business case development, investment evaluation, and performance management.
• Strong strategic and analytical skills, with the ability to apply and model critical thinking to evaluate complex systems, identify interdependencies, and translate insights into actionable decisions.
• Executive level communication and influence capabilities, with experience advising senior leaders and driving alignment across matrixed organizations.
• Proven leadership experience and ability to set direction, motivate teams, and foster accountability for outcomes across cross functional partners. Strong leadership experience of leading other leaders, including experience in coaching, developing, and maximizing the talents of both leaders and team members and effectively leading teams through change. Experience in managing others, demonstrated coaching and mentoring skills. Strong Interpersonal skills oriented toward client relationships.
• Data driven and outcome oriented mindset, with experience establishing metrics, monitoring performance, and adapting strategies to optimize results.
• Ability to travel as required.

Preferred:

• Master of Business Administratio