Strategic Product Manager

Posted 3 Days Ago
Hiring Remotely in Chicago, IL, USA
In-Office or Remote
84K-152K Annually
Mid level
Healthtech • Insurance
The Role
Manages complex health insurance products and product suites across the full lifecycle, from ideation through launch and performance monitoring. Develops product strategy, analyzes market trends, supports pricing and marketing decisions, creates collateral and training, and partners with sales and account management. Leads cross-functional relationships, client reporting, product performance reviews, and product improvements while serving as a subject matter expert.
Summary Generated by Built In

At HCSC, our employees are the cornerstone of our business and the foundation to our success. We empower employees with curated development plans that foster growth and promote rewarding, fulfilling careers.

Join HCSC and be part of a purpose-driven company that will invest in your professional development.

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.

Required Job Qualifications:

 Bachelor Degree and 4 years of experience in consulting, strategic planning, marketing, market research, product management, or product development OR 8 years of experience in strategic planning, product management, product development OR Master’s Degree and 2 years of experience in consulting, strategic planning, marketing, market research, product management, or product development.

 Experience effectively interacting with staff/management across multiple departments and levels, including executive leadership.
 Experience leading and mentoring other staff, as appropriate.
 Experience building key relationships and understanding organization interdependencies
 General business and financial analysis skills
 Knowledge of sales and marketing techniques, marketplace and competition
 Analytic and information synthesis skills.
 Communication and persuasion skills.
 Project management skills, including strong organization, prioritization and problem solving skills.
 Strong oral, verbal and interpersonal communication skills; experience accepting direction and feedback.
 Flexibility and responsiveness in managing multiple projects concurrently.
 Presentation and group facilitation skills.
 Initiative and persistence, with experience meeting deadlines.
 Experience leading within a team environment.
 Word, Excel, PowerPoint.
Preferred Job Qualifications:
 Health Insurance or Healthcare Industry Experience

 Specifically Stop Loss Knowledge
 Previous responsibility for the administration of a product or product line, including development of products from inception to launch, and product introduction and monitoring for success or need for reengineering.
 Experience working directly with clients and benefit consultants or brokers.

 Must be able to think analytically


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Are you being referred to one of our roles? If so, ask your connection at HCSC about our Employee Referral process!

Pay Transparency Statement:

At Health Care Service Corporation, you will be part of an organization committed to offering meaningful benefits to our employees to support their life outside of work. From health and wellness benefits, 401(k) savings plan, pension plan, paid time off, paid parental leave, disability insurance, supplemental life insurance, employee assistance program, paid holidays, tuition reimbursement, plus other incentives, we offer a robust total rewards package for employees.  Learn more about our benefit offerings by visiting https://careers.hcsc.com/totalrewards.

The compensation offered will vary depending on your job-related skills, education, knowledge, and experience. This role aligns with an annual incentive bonus plan subject to the terms and the conditions of the plan.

Flex employees are expected to be in the office a minimum of three days a week. Management will have discretion to modify an employee's weekly schedule for exigent circumstances.


HCSC Employment Statement:

We are an Equal Opportunity Employment employer dedicated to providing a welcoming environment where the unique differences of our employees are respected and valued. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, protected veteran status, or any other legally protected characteristics. We are a drug-free and smoke-free workplace. Employment may be contingent upon successful completion of drug screening in accordance with applicable law.

Base Pay Range$84,400.00 - $152,300.00

Exact compensation may vary based on skills, experience, and location.

Skills Required

  • Bachelor's degree and 4 years of experience in consulting, strategic planning, marketing, market research, product management, or product development; or 8 years of experience in strategic planning, product management, or product development; or a master's degree and 2 years of relevant experience.
  • Experience interacting effectively with staff and management across multiple departments and levels, including executive leadership.
  • Experience leading and mentoring staff, as appropriate.
  • Experience building key relationships and understanding organizational interdependencies.
  • General business and financial analysis skills.
  • Knowledge of sales and marketing techniques, marketplace dynamics, and competition.
  • Analytical and information synthesis skills.
  • Communication and persuasion skills.
  • Project management skills, including organization, prioritization, and problem-solving.
  • Strong oral, verbal, and interpersonal communication skills, including experience accepting direction and feedback.
  • Flexibility and responsiveness while managing multiple projects concurrently.
  • Presentation and group facilitation skills.
  • Initiative and persistence, with experience meeting deadlines.
  • Experience leading within a team environment.
  • Proficiency with Word, Excel, and PowerPoint.
  • Health insurance or healthcare industry experience.
  • Specifically Stop Loss knowledge.
  • Previous responsibility for administering a product or product line, including development from inception to launch and monitoring for success or reengineering.
  • Experience working directly with clients and benefit consultants or brokers.
  • Ability to think analytically.

Health Care Service Corporation Compensation & Benefits Highlights

The following summarizes recurring compensation and benefits themes identified from responses generated by popular LLMs to common candidate questions about Health Care Service Corporation and has not been reviewed or approved by Health Care Service Corporation.

  • Retirement Support — A pension plan alongside a matching 401(k) is offered, an uncommon combination in the private sector. This combination is described as a standout element that helps retain employees.
  • Healthcare Strength — Healthcare options are broad, with multiple medical, dental, and vision choices, wellness incentives, and access to resources like on-site fitness centers and an EAP. These offerings add meaningful value beyond base pay.
  • Parental & Family Support — Paid parental leave (up to six weeks at full pay after one year), adoption assistance, and mothers’ rooms are available. These supports reinforce family needs alongside work commitments.

Health Care Service Corporation Insights

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The Company
HQ: Chicago, IL
13,563 Employees

What We Do

Imagine Something New, Something Different. Health Care Service Corporation, a Mutual Legal Reserve Company (HCSC), is the largest customer-owned health insurer in the nation and the fourth largest overall. Operating through our Blue Cross and Blue Shield Plans in Illinois, Montana, New Mexico, Oklahoma and Texas (as well as a variety of affiliates and subsidiaries,) we are expanding access to high-quality, cost-effective health care. We are equipping members with information and tools so they can make the best health care decisions for themselves and their families. HCSC is continuously recognized as an employer committed to community, diversity and inclusion, training and development. HCSC is committed to pioneering the health care space in ways as effective as they are creative. If you are passionate about the impact you want to have through your work, with a desire to apply innovative thinking to new and emerging challenges, we encourage you to learn more about HCSC. Learn about what we stand for, how we work and the difference we’re making in the lives of our 15 million members. Join HCSC and discover what new ways of thinking can mean for you, your community, our customers and our organization. Divisions of Health Care Service Corporation, a Mutual Legal Reserve Company, an Independent Licensee of the Blue Cross and Blue Shield Association.

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