We’re building a world of health around every individual — shaping a more connected, convenient and compassionate health experience. At CVS Health®, you’ll be surrounded by passionate colleagues who care deeply, innovate with purpose, hold ourselves accountable and prioritize safety and quality in everything we do. Join us and be part of something bigger – helping to simplify health care one person, one family and one community at a time.
The Stop Loss Product Manager will drive development and execution of Stop Loss product strategy and select projects in support of the Stop Loss business, working with cross-functional partners (e.g., Underwriting, Sales, Actuarial). The Stop Loss product portfolio will be designed to meet and anticipate new customer needs, support realization of commercial growth objectives, and contribute to a market leadership position.
Key Functions
- Create a Stop Loss product strategy outlining key objectives, prioritized initiatives, feature roadmap and performance metrics.
- Guides product performance, assesses monitors market trends, and makes data-driven decisions regarding product enhancements, updates, or retirement to optimize the product portfolio.
- Identifies unique value propositions, defines product positioning, and ensures effective communication of product features and benefits to customers and the market.
- Assess competitive positioning of current Stop Loss products and recommend options to improve differentiation and impact.
- Enhance Stop Loss products, and associated processes and systems, as needed, to improve customer and member experience and ensure competitive position of Stop Loss product suite.
- Monitor customer, member and broker/consultant feedback, regulatory changes, and competitive intelligence on a regular basis, and consider impacts to product strategy.
- Creates and reimagines marketing collateral that highlight the value proposition of Aetna Stop Loss
- Building materials (including slide decks) that articulate product strategy for training, and guidance for brokers and internal Sales teams
- Managing the product lifecycle: from ideation and launch through ongoing improvement and sunset decisions
- Working with cross-functional partners like Sales, Product Evaluation and Delivery, and Finance, develop business case(s) for product enhancements.
- This is an individual contributor role
Required Qualifications
- Bachelor's degree along with 7-10 years of work experience in product management and/or product development
- Must have Stop loss or health insurance experience
- Must have prior product experience
- Proven track record collaborating cross-functionally (actuarial, underwriting, sales, legal, operations, and technology teams)
- Expert level skill set in defining product strategy, developing, and implementing business plans, using a data-driven approach
Preferred Qualifications
- Master’s Degree
- Experience developing business cases, evaluating market trends, and driving go-to-market strategies
- Expert ability to develop PowerPoint presentations
- Self-directed and self-motivated with ability to manage multiple projects, prioritize deliverables, and meet deadlines
- Experience thinking strategically and working collaboratively to set goals, build alignment, overcome obstacles and achieve project results
Pay Range
The typical pay range for this role is:
$75,400.00 - $182,549.00
This pay range represents the base hourly rate or base annual full-time salary for all positions in the job grade within which this position falls. The actual base salary offer will depend on a variety of factors including experience, education, geography and other relevant factors. This position is eligible for a CVS Health bonus, commission or short-term incentive program in addition to the base pay range listed above. This position also includes an award target in the company’s equity award program.
Our people fuel our future. Our teams reflect the customers, patients, members and communities we serve and we are committed to fostering a workplace where every colleague feels valued and that they belong.
Great benefits for great people
We take pride in offering a comprehensive and competitive mix of pay and benefits that reflects our commitment to our colleagues and their families.
Additional details about available benefits are provided during the application process and on Benefits Moments.
Qualified applicants with arrest or conviction records will be considered for employment in accordance with all federal, state and local laws.
Skills Required
- Bachelor's degree and 7-10 years of product management or product development experience
- Prior Stop Loss or health insurance experience
- Proven cross-functional collaboration with actuarial, underwriting, sales, legal, operations, and technology teams
- Expert skill in defining product strategy, developing and implementing business plans using a data-driven approach
- Master's degree
- Experience developing business cases, evaluating market trends, and driving go-to-market strategies
- Expert ability to develop PowerPoint presentations
- Self-directed, able to manage multiple projects, prioritize deliverables, and meet deadlines
- Strategic thinker with collaborative skills to set goals, build alignment, and achieve project results
CVS Health Compensation & Benefits Highlights
The following summarizes recurring compensation and benefits themes identified from responses generated by popular LLMs to common candidate questions about CVS Health and has not been reviewed or approved by CVS Health.
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Healthcare Strength — Healthcare coverage is positioned as comprehensive for benefits-eligible colleagues, including medical, dental, and vision with free preventive care and access to virtual care and select no-cost MinuteClinic services. Mental health support is also highlighted with no-cost confidential counseling sessions per issue.
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Retirement Support — Retirement benefits include a 401(k) with a dollar-for-dollar match up to 5% after meeting service and hours requirements. Ownership programs are also offered through an employee stock purchase plan with a stated purchase discount.
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Pay Growth & Progression — A companywide minimum wage floor establishes a baseline that is framed as a positive starting point in some roles and markets. Unionized or high-cost areas are described as having clearer wage scales and step-ups that can materially lift pay over time.
CVS Health Insights
What We Do
CVS Health is the leading health solutions company that delivers care in ways no one else can. We reach people in more ways and improve the health of communities across America through our local presence, digital channels and our nearly 300,000 dedicated colleagues – including more than 40,000 physicians, pharmacists, nurses and nurse practitioners. Wherever and whenever people need us, we help them with their health – whether that’s managing chronic diseases, staying compliant with their medications, or accessing affordable health and wellness services in the most convenient ways. We help people navigate the health care system – and their personal health care – by improving access, lowering costs and being a trusted partner for every meaningful moment of health. And we do it all with heart, each and every day.
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