Strategic Product Manager

• Location: IL - Chicago
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Job Summary

This position is responsible for managing complex existing products and or a product suite and leads the development of product strategy for both current and next generation product solutions in the health insurance space.

Responsible for leading and managing the product lifecycle from ideation through market launch by analyzing and interpreting market trends, developing marketing strategy and assessing product performance. Serves as the subject matter expert responsible for product management activities including marketing collateral development, training efforts, client reporting, monitoring product performance and refreshing product pricing. Supports sales and account management to position products for critical client sales.

 Manage existing products of a complex nature or a product line by understanding the market, regulatory environment and competitive landscape, developing and updating the product feature roadmap and working with key partners to ensure the product is supported by sales collateral, analytics, training, and pricing.

 Strategic thinking in the development of product strategy and all product management and development activities by understanding and communicating why the product is important to the company and its customers.

 Act as the subject matter expert to internal and external audiences as it relates to the positioning and strategy of the product/products or product line.

 Monitor product performance, identify and proactively address opportunities to improve performance by working with operational/vendor partners; work with analytics teams to ensure appropriate analytics are available for clients and internal stakeholders.

 Manage large vendor partners to successfully market solutions, drive engagement and inform the product roadmap. Collaborate with Procurement on vendor selection activities and to successfully negotiate vendor contracts/renewals.

 Develop go to market positioning and work with communication partners to ensure that marketing collateral effectively conveys product value.

 Support Sales and Account Management by understanding customer needs, helping SAM appropriately position products in the market and addressing questions about the product and broader competitive landscape. Support RFP activities and positioning. Provide product training as necessary.