Principal Product Strategy

This is a fully remote position, open to applicants in Idaho.

📋 Description

• Spearhead the creation and execution of data-driven product strategies and roadmaps that enhance the company's product offerings across various market segments, aligning with corporate objectives to establish market differentiation.

• Foster consensus, implement, and oversee best practices for product development, ensuring solutions are recognized as innovative, user-focused, and backed by quantifiable market insights.

• Utilize change management principles relevant to product rollouts, including communication planning, stakeholder alignment, and impact assessments.

• Manage the product portfolio and create product roadmaps to ensure alignment with strategic priorities, resource distribution, and return on investment (ROI).

• Act as a crucial point of coordination, collaborating with cross-functional stakeholders to guide ideation, validation, launch, refinement, and product retirement.

• Guarantee timely and high-quality market execution by facilitating the delivery of standardized tools and practices for successful adoption and implementation.

• Perform formal and informal market research and competitive analysis to identify trends and inform product strategy decisions.

• Remain informed about industry, marketplace, and legal developments and their implications for the business.

• Convert current and emerging market demands into product expansions, enhancements, and/or new product concepts/business cases.

• Champion the voice of the customer throughout the product lifecycle.

• Lead and/or guide stakeholder feedback sessions and support synthesized insights for market-informed product initiatives.

• Develop product roadmaps based on the product vision and market research, outlining the strategic direction of the product, including feature prioritization, release timelines, and key milestones.

• Cultivate cross-functional understanding and support for product governance frameworks to ensure process compliance, quality of decisions and outputs, and repeatability.

• Collaborate with individual managers assigned to products, projects, and solutions to ensure necessary resourcing support for success.

• Exhibit influence throughout the product lifecycle and establish credibility across the organization and with the Executive Team as an effective strategist in planning and executing strategic solutions.

• Define, monitor, analyze, and report on key performance indicators (KPIs) to assess the success and impact of product strategies.

• Maintain an ongoing pulse of functions and communications throughout the organization as a central hub for the successful delivery of key tactics to support the strategy.

• Serve as the primary contact for resolving project/product resource constraints and major program issues.

• Plan and implement product launches and market strategies, including pricing models, bundling, messaging, and positioning strategies.

• Ensure that the product is successfully launched in the market and meets the needs of the target audience.

• Formulate clear recommendations backed by structured problem-solving, financial rationale, and trade-off analysis (such as build vs. buy), presented at the executive level.

• Perform other duties as assigned.

⛳️ Requirements

• A bachelor's degree in business, marketing, healthcare, or a closely related field, or equivalent work experience, is required.

• An MBA is preferred.

• A minimum of 7 years of experience in product management, strategy, or a related field is required.

• At least 5 years of experience in indirect influence, coaching, mentoring, and/or management is required.

• 5+ years of experience in health plans, PBM, pharmaceuticals, TPA, health tech, healthcare delivery, or the healthcare industry is preferred.

• Required experience and expertise in new product development, end-to-end product lifecycle management, project management, marketing, sales, and/or strategic planning.

• A proven track record of significant success, including leadership and collaboration/relationship-building/management in a healthcare or related environment is required.

• Experience in strategy consulting (professional services or internal strategy), product development, private equity, banking, corporate finance, corporate strategy, or equivalent experiences is preferred.

• Familiarity with digital product development methodologies (Agile, iterative delivery, roadmap planning), even if not a technical product owner, is preferred.

• Experience working with and communicating across various organizational levels, including executive level, is required.

• Demonstrated ability to operate in ambiguity, proactively identify issues, frame options, adapt or pivot as necessary, and recommend paths forward is required.

• Participation in, adherence to, and support for compliance program objectives is necessary.

🏝️ Benefits

• Top-tier benefits for Health, Dental, and Vision insurance.

• 20 days of paid time off.

• 4 weeks of paid parental leave.

• 9 paid holidays.

• 401K company match of up to 5% - No vesting requirement.

• Adoption Assistance Program.

• Flexible Spending Account.

• Educational Assistance Plan and Professional Membership assistance.

• Referral Bonus Program – up to $750!