AVP, Product Management
Company: Inovalon, Inc.
Location: Bowie
Posted on: May 24, 2023
|
|
|
Job Description:
Inovalon was founded in 1998 on the belief that technology, and
data specifically, would empower the transformation of the entire
healthcare ecosystem for the better, improving both outcomes and
economics. At Inovalon, we believe that when our customers are
successful in their missions, healthcare improves. Therefore, we
focus on empowering them with data-driven solutions. And the
momentum is building.
Together, as ONE Inovalon, we are a united force delivering
solutions that address healthcare's greatest needs. Through our
mission-based culture of inclusion and innovation, our organization
brings value not just to our customers, but to the millions of
patients and members they serve.Overview: The AVP, Product
Management will provide leadership in the development and execution
of business strategy and management of the company's product
portfolio. Owning inputs into financial forecasts and results, the
Incumbent will transform business and market strategies into
solutions for problems that are urgent, pervasive and that the
market will pay to solve. Incumbent will lead market research and
infuse thought leadership across business units and
cross-functional teams throughout product development, launch, and
ongoing service provision. In addition to the performance of such
other services assigned or delegated by the Company, the Incumbent
will communicate to key stakeholders, including the Executive
Leadership Team, and will engage with customers and business
partners to understand new market needs, as well as define and
document roadmaps for execution and sales. The Incumbent will
demonstrate technical expertise, as well as product management
discipline, to bring cutting-edge solutions and assets to market,
resulting in delighted customers and sustained growth.
Duties and Responsibilities:
Develop and maintain an expert level of knowledge regarding
products, services, capabilities, infrastructure, and operations of
Employer and its affiliates, the marketplace, competition,
strategic positioning, threats and direction to achieve optimal
insight and success with respect to Employer's (and those of its
affiliates) products, services, capabilities, support,
functionality requirements, and financial performance;
Lead, drive, and ultimately be responsible for planning,
implementation, execution, and successful development and execution
of business strategy and management of the company's product
portfolio, to include:
For commercially facing solutions/services, design a strategic,
multi-year business plan and blueprint to meet the overall product
goals around key metrics (e.g., revenue, EBIDTA) - maintain a
regular review/update cadence (no less than quarterly) and,
ultimately, own revenue attainment;
Engage with customers, internal stakeholders, and business partners
to gather feedback and options for regular improvements, while
understanding the Company's distinctive competencies;
Serve as external/commercial face of solutions/services;
Ensure that product management teams maintain a published roadmap
outlining ideas, value, and timing of those to market, as well as
the fit within the product portfolio;
Provide guidance and direction within the product portfolio,
provide subject matter knowledge to product design and development
initiatives;
Design and/or partner on solutions and services - driving
early-stage technologies, supporting design-led research, reviewing
prototype development, and finalizing fit into the product
portfolio. Additionally, identify and evaluate potential
third-party partnerships on an ongoing basis;
Lead design and strategy that define the value proposition and
benefits for current and future products;
Own pricing and distribution strategy and definition;
Define key business objectives on a quarterly and annual basis for
the Engineering team to design, develop, test, and operate towards
- supporting Engineering in development of requirements and use
scenarios, partnering with Engineering to determine optimal
technical implementation and delivery sequence, and helping
Engineering prioritize and make trade-off decisions during
development;
Own contract terms and templates and ensure solution/service
compliance, including data policies, during definition and
early-stage phases;
Support Solutions Marketing relative to positioning, messaging, and
launch of solutions/services;
Support Operations and Customer Support relative to execution;
Support Sales and Customer Success, on opportunity development and
closure - when high complexity and need for subject matter
expertise are present;
Maintain and explore product knowledge opportunities to expand
advisory services and syndicated offerings related to policy and
strategy by deepening the understanding of policy throughout
Inovalon, creating future policy directions and related engagement
opportunities; and keep abreast of industry trends;
Maintain compliance with Inovalon's policies, procedures and
mission statement;
Adhere to all confidentiality and HIPAA requirements as outlined
within Inovalon's Operating Policies and Procedures in all ways and
at all times with respect to any aspect of the data handled or
services rendered in the undertaking of the position; and
Fulfill those responsibilities and/or duties that may be reasonably
provided by Inovalon for the purpose of achieving operational and
financial success of Employer.
Job Requirements:
Minimum of 20 years of experience with demonstrable accomplishments
in strategic product management, business strategy,
financial/business modeling and analysis, business plan
development, market/industry research, and competitive analysis -
with at least 7 years of management responsibility;
Proven track record in building new products and introducing them
to market;
Ability to manage costs and expenses within a budget as well as
ensure projects as assigned are managed to budget, scope, and
timeline;
Demonstrated experience with customer feedback tools and
quantitative analysis;
Ability to attract, develop, and retain high-performing talent and
expertise;
Excellent written and oral presentation skills;
Mastery of Microsoft Office tools, including Word, Excel, and
PowerPoint preferred; and
Great organizational skills and 'get things done' attitude.
Education:
Bachelor's Degree is required; and
Master's, MS, PhD degree in related fields is highly desired.
Physical Demands and Work Environment:
Sedentary work (i.e. sitting for long periods of time);
Exerting up to 10 pounds of force occasionally and/or negligible
amount of force;
Frequently or constantly to lift, carry push, pull or otherwise
move objects and repetitive motions;
Subject to inside environmental conditions; and
Travel for this position may be seasonal for specific product lines
which may lead to concentrations of travel during specific periods
of the year, but generally should not exceed 25% on an annual
basis.
Studies have shown that women and people of color are less likely
to apply for jobs unless they believe they meet every one of the
qualifications listed in a job description. If you don't meet every
qualification listed but are excited about our mission and the work
described, we encourage you to apply regardless. Inovalon is most
interested in finding the best candidate for the job and you may be
just the right person for this or other roles.
By embracing diversity, equity and inclusion we enhance our work
environment and drive business success. Inovalon strives to reflect
the diversity of the communities where we operate and of our
clients and everyone whom we serve. We endeavor to create a culture
of inclusion in which our associates feel empowered to bring their
full, authentic selves to work and pursue their professional goals
in an equitable setting. We understand that by fostering this type
of culture, and welcoming different perspectives, we generate
innovation and growth.
Inovalon is proud to be an equal opportunity workplace and is an
affirmative action employer. We are committed to equal employment
opportunity regardless of race, color, ancestry, religion, sex,
national origin, sexual orientation, age, citizenship, marital
status, disability, gender identity or Veteran status. We also
consider qualified applicants regardless of criminal histories,
consistent with legal requirement.
The Company maintains a drug free work environment for all of its
associates, which includes employees, contractors and vendors. It
is unlawful for associates to manufacture, sell, distribute,
dispense, possess or use any controlled substance or marijuana in
the workplace and doing so will result in disciplinary action, up
to and including termination of employment or the contracted
relationship.
Keywords: Inovalon, Inc., Bowie , AVP, Product Management, Executive , Bowie, Maryland
|
Click
here to apply!
|
