Level Funded Product Manager

Product Manager IV

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