Product Development Manager manages the staff, resources, and processes required to implement the vision and strategy for new product development and product lifecycle management of existing products. Incorporates research and concept development projects and capabilities with market analysis, industry intelligence, and customer monitoring to support product roadmaps and innovate new products, enhancements, and redesigns. Being a Product Development Manager coordinates with internal stakeholders, including marketing, sales, and manufacturing, to ensure that new and existing products meet development targets and support the organization's financial goals. Develops teams with the knowledge and expertise to fulfill product development objectives. Additionally, Product Development Manager typically requires a bachelor's degree. Typically reports to a director. The Product Development Manager manages subordinate staff in the day-to-day performance of their jobs. True first level manager. Ensures that project/department milestones/goals are met and adhering to approved budgets. Has full authority for personnel actions. To be a Product Development Manager typically requires 5 years experience in the related area as an individual contributor. 1 - 3 years supervisory experience may be required. Extensive knowledge of the function and department processes. (Copyright 2024 Salary.com)
Job Summary: The Product Development Manager is at the forefront of guiding our product strategy by orchestrating collaboration with business leaders, technical teams, actuarial stakeholders, and external partners. The role demands expertise in advancing product design based on market analysis, aligning with the company's strategic goals, ensuring adherence to regulatory timelines for product filings, and staying updated with ever-evolving industry trends.
As a Product Development Manager, you will serve as a pivotal figure in the development, organization, and facilitation of the development of Prominence commercial and Medicare Advantage products, system and infrastructure improvements, and vendor selection and implementation. Under the direction of the Product Development Director, this role will provide crucial support to the organizational business teams in the development, implementation, and compliance of new and renewing commercial and Medicare clients, products, and vendors. Additionally, you will play a vital role in the development and production of required plan documents and the entry of plan filing documents into SERFF, HPMS, and CMS Bid tools.
The Product Development Manager will work directly with internal and external customers to initiate, plan, execute and manage product development and implementation initiatives to accomplish overall business, client, and vendor objectives. This includes identification of project tasks and milestones, accurate reporting of project status, identification and escalation of project issues and risks, and appropriate development and tracking of project deliverables and artifacts. The Product Development Manager will also assist in training and education for new products, opportunities, and related topics as needed.
Qualifications and Requirements:
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