Senior Product Manager, Large Group Fully Insured

Medica; Minnetonka (MN); On-site; USD 100,000 - 150,000; Full time

Job summary

Medica, a nonprofit health plan, seeks a Manager of Product for Large Group Fully Insured products. This onsite role oversees development and management across multiple states, coordinating with sales, operations, compliance, and actuarial teams to ensure competitive, compliant plan designs.

The position emphasizes market analysis, benefit design, CMS/state filings, and leadership of project teams to drive product performance and profitability within the Commercial Market Division.

Qualifications

• Bachelor's degree in health care, business, or related field.
• 5+ years of work experience beyond degree.
• 3+ years of product experience.
• 1+ years of leadership, management and / or team lead experience.
• CMS and state compliance and health plan regulatory environment understanding.
• Understanding of health plan operations.
• Cross-functional team and project management.
• Analytical ability in business planning and financial management/acumen.
• Strategic thinking.

Responsibilities

• Leads product strategy and project teams to develop and deliver LGFI product solutions.
• Collaborates with segment leadership and functional leaders to address product-related issues and identify opportunities for improvement.
• Acts as SME on LGFI benefits, including pharmacy coverage and compliance in benefit design.
• Researches and implements policies aligned with federal and state laws.
• Manages project costs, schedule, and scope using established processes and metrics.
• Ensures timely submission and response to contractual reporting requirements from state and federal governments.
• Leads cross-functional teams to develop new products, programs, tools, and processes.
• Maintains project documentation and communicates status to senior management.

Skills

Cross-functional leadership

Product management

Analytical ability

Strategic thinking

Education

Bachelor's degree in health care, business, or related field

Job description

Medica, a nonprofit health plan, seeks a Manager of Product for Large Group Fully Insured products. This onsite role oversees development and management across multiple states, coordinating with sales, operations, compliance, and actuarial teams to ensure competitive, compliant plan designs.

The position emphasizes market analysis, benefit design, CMS/state filings, and leadership of project teams to drive product performance and profitability within the Commercial Market Division.