Product Manager Senior- Carelon Rx

Elevance Health; Woodbridge Township (NJ); Hybrid; USD 109,000 - 164,000; Full time

Job summary

Elevance Health is seeking a Senior Product Manager in New Jersey to lead product development for new and existing markets. The role emphasizes profitability, competitive analysis, regulatory alignment, and close coordination with sales and account teams.

You will collaborate cross-functionally to deliver market-ready products, build financial models and roadmaps, and act as a product expert for core clients in a hybrid work environment.

Qualifications

• Requires BA/BS degree in a related field and a minimum of 4 years of related experience.
• MBA and PBM/healthcare domain experience preferred.
• Experience developing financial models, requirements, roadmaps, and concept materials is strongly preferred.

Responsibilities

• Evaluates existing products and competitor data to improve current offerings and identify new products.
• Develops long-term profitability strategies for market segments including market positioning, pricing, risk profiles, and regulatory responses.
• Coordinates presentation, communication and implementation of all phases of product development.
• Ensures all products are compliant with regulatory directives and state/federal laws.
• Serves as a product expert and relationship manager to core clients.
• Partners cross-functionally to develop GTM materials to enable Sales and Account teams, delivering on timelines.

Skills

GTM materials

Cross-functional collaboration

Regulatory awareness

Financial modelling

Roadmaps & concept materials

Education

BA/BS degree in related field

Job description

Product Manager Senior

Alternate locations may be considered if candidates reside within a commuting distance from an office. Please note that per our policy on hybrid/virtual work, candidates not within a reasonable commuting distance from the posting location(s) will not be considered for employment, unless accommodation is granted as required by law.

Location: This role requires associates to be in-office 1 - 2 days per week, fostering collaboration and connectivity, while providing flexibility to support productivity and work-life balance. This approach combines structured office engagement with the autonomy of virtual work, promoting a dynamic and adaptable workplace. Please note that per our policy on hybrid/virtual work, candidates not within a reasonable commuting distance from the posting location(s) will not be considered for employment, unless accommodation is granted as required by law.

Alternate locations may be considered if candidates reside within a commuting distance from an office. Please note that per our policy on hybrid/virtual work, candidates not within a reasonable commuting distance from the posting location(s) will not be considered for employment, unless accommodation is granted as required by law.

CarelonRx is a proud member of the Elevance Health family of companies. CarelonRx pairs a strong, clinical-first lens with deep pharmacy expertise to create solutions that improve outcomes, control costs, and enhance each member’s health.

The Product Manager Senior will be responsible for the development of products in both new and existing markets.

How You Will Make An Impact

• Evaluates existing products and competitor and industry data to improve existing products and make recommendations for new products.
• Develops and implements long term profitability strategies for market segment including market positioning, new product design pricing parameters, risk profiles, and legislative/regulatory responses.
• Coordinates presentation, communication and implementation of all phases of product development.
• Ensures all products are compliant with regulatory directives and state/federal laws and policies.
• Serves as a product expert and a relationship manager to the core clients.
• Partners cross-functionally to develop GTM materials (FAQs, talking points, product blurbs, etc.) to enable Sales and Account teams, delivering on timelines and meeting/exceeding expectations.

Minimum Requirements

Requires a BA/BS degree in a related field and a minimum of 4 years of related experience; or any combination of education and experience, which would provide an equivalent background.

Preferred Skills, Capabilities And Experiences

• MBA preferred.
• Health or managed care experience preferred.
• Pharmacy Benefit Management (PBM) experience strongly preferred.
• Program Lifecycle Management (PLM) experience strongly preferred.
• Experience developing financial models, requirements, roadmaps, and concept materials is strongly preferred.

For candidates working in person or virtually in the below locations, the salary* range for this specific position is $109,112.00 to $ 163,668.00.

Location(s): New Jersey

In addition to your salary, Elevance Health offers benefits such as a comprehensive benefits package, incentive and recognition programs, equity stock purchase and 401k contribution (all benefits are subject to eligibility requirements).

The salary offered for this specific position is based on a number of legitimate, non-discriminatory factors set by the Company. The Company is fully committed to ensuring equal pay opportunities for equal work regardless of gender, race, or any other category protected by federal, state, and local pay equity laws.

• The salary range is the range Elevance Health in good faith believes is the range of possible compensation for this role at the time of this posting. This range may be modified in the future and actual compensation may vary from posting based on geographic location, work experience, education, and/or skill level. Even within the range, the actual compensation will vary depending on the above factors as well as market/business considerations. No amount is wages or compensation until such amount is earned, vested, and determinable under the terms and conditions of the applicable policies and plans. The amount and availability of any bonus, commission, benefits, or any other form of compensation and benefits that are allocable to a particular employee remains in the Company's sole discretion unless and until paid and may be modified at the Company’s sole discretion, consistent with the law.

Please be advised that Elevance Health only accepts resumes for compensation from agencies that have a signed agreement with Elevance Health. Any unsolicited resumes, including those submitted to hiring managers, are deemed to be the property of Elevance Health.

Who We Are

Elevance Health is a health company dedicated to improving lives and communities – and making healthcare simpler. We are a Fortune 25 company with a longstanding history in the healthcare industry, looking for leaders at all levels of the organization who are passionate about making an impact on our members and the communities we serve.

How We Work

At Elevance Health, we are creating a culture that is designed to advance our strategy but will also lead to personal and professional growth for our associates. Our values and behaviors are the root of our culture. They are how we achieve our strategy, power our business outcomes and drive our shared success - for our consumers, our associates, our communities and our business.

We offer a range of market-competitive total rewards that include merit increases, paid holidays, Paid Time Off, and incentive bonus programs (unless covered by a collective bargaining agreement), medical, dental, vision, short and long term disability benefits, 401(k) +match, stock purchase plan, life insurance, wellness programs and financial education resources, to name a few.

Elevance Health operates in a Hybrid Workforce Strategy. Unless specified as primarily virtual by the hiring manager, associates are required to work at an Elevance Health location at least once per week, and potentially several times per week. Specific requirements and expectations for time onsite will be discussed as part of the hiring process.

The health of our associates and communities is a top priority for Elevance Health. We require all new candidates in certain patient/member-facing roles to become vaccinated against COVID-19 and Influenza. If you are not vaccinated, your offer will be rescinded unless you provide an acceptable explanation. Elevance Health will also follow all relevant federal, state and local laws.

Elevance Health is an Equal Employment Opportunity employer and all qualified applicants will receive consideration for employment without regard to age, citizenship status, color, creed, disability, ethnicity, genetic information, gender (including gender identity and gender expression), marital status, national origin, race, religion, sex, sexual orientation, veteran status or any other status or condition protected by applicable federal, state, or local laws. Applicants who require accommodation to participate in the job application process should submit the Accessibility Accommodation Request Form and a member of the team will be in contact.

Qualified applicants with arrest or conviction records will be considered for employment in accordance with all federal, state, and local laws, including, but not limited to, the Los Angeles County Fair Chance Ordinance and the California Fair Chance Act.

Prospective employees required to be screened under Florida law should review the education and awareness resources at HB531 | Florida Agency for Health Care Administration.