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Vice President of Product Management

AT Allstate
Allstate

Vice President of Product Management

Fort Atkinson, WI

At Allstate, great things happen when our people work together to protect families and their belongings from life's uncertainties. And for more than 90 years our innovative drive has kept us a step ahead of our customers' evolving needs. From advocating for seat belts, air bags and graduated driving laws, to being an industry leader in pricing sophistication, telematics, and, more recently, device and identity protection.

Job Description
The Vice President of Product Management for Group Health Products is responsible for the development and management of products and services to support the overall financials and health of self-funded, stop loss, and group fully insured products as well as contribute to the achievement of profit and growth targets for the products. This job is accountable for making decisions on bringing products to market, incorporating sales feedback and market intelligence, and overseeing activities for countrywide product and rollouts. This position will manage product managers or consultants in accomplishing this work.

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Key Responsibilities:

Lead team of Product Managers to successfully manage and grow group health product line

Manage two or more Product Managers and/or Consultants, including performance management, workforce planning and recruitment activities

Lead short and long-term strategies to achieve market share growth and profitability targets on a countrywide basis

Execute strategies to ensure the integration and execution of product, pricing and risk management for countrywide usage

Leverage expertise and team findings to drive initiatives and strategic fit for product line

Manage / perform complex work assignments and problem resolution across systems, processes or channels and navigate obstacles to deliver the work product

Design and support innovations in all aspects of the product development lifecycle

Oversee the creation of communication plans, product development, and problem resolution of product or implementation issues

Ensure alignment of operational parameters to get new products/projects implemented

Responsible for seeking out resolutions to barriers for downline and across stakeholders in order to achieve business objectives

Work closely with Portfolio Manager to ensure alignment on overall business strategy across broad internal stakeholders

Work directly with stakeholders and cross functional AORs including Marketing, Sales, Underwriting, Actuarial, and Account Management to align on strategies and execution methods

Work directly with third party vendors such as TPAs, medical networks, pharmacy benefit managers, point solutions, and MGU

Oversee TPA processes to ensure operational alignment

Coordinate team evaluation of new offerings for the program

Oversee and own product relationships with third party partnerships such as TPAs, medical networks, pharmacy benefit managers, and point of service solutions as assigned

* Review applicable updates to program documents and the Summary Plan Description for the self-funded program

Oversee provider negotiations and payment parameters for reference-based pricing product

Ensure cohesive strategy between all group health lines.

Work closely with sales to understand market needs, remove barriers on escalated issues, and align on strategy

Oversee marketing and go-to-market initiatives identifying Allstate Benefits' value proposition and product differentiation; assist with review of marketing materials

Work closely with compliance and legal teams to understand new law and regulation impacts on product line and ensure proper implementation

Supervisory Responsibilities:

This job does have supervisory duties

Preferred Qualifications:

Education and Experience

Bachelor's degree or equivalent experience

7+ years relevant experience

Certificates, Licenses, Registrations

None

Functional Skills

Expertise in level-funded health plans

Expertise in stop-loss/excess-loss insurance

Expertise of product, pricing, underwriting and insurance regulation, with solid working knowledge of Allstate Benefits self-funded plans and product offerings including reference-based pricing

Demonstrated business acumen with knowledge of health insurance industry and company economics

Advanced problem-solving skills

Advanced people management skills

Experience working with Pharmacy Benefit Management programs

Expertise in business contract review

* Advanced ability to work with legal and compliance teams to draft summary plan description changes to align with the self-funded program offerings

Skills

Compensation
Compensation offered for this role is $134,400.00 - 217,350.00 annually and is based on experience and qualifications.
The candidate(s) offered this position will be required to submit to a background investigation.

Joining our team isn't just a job - it's an opportunity. One that takes your skills and pushes them to the next level. One that encourages you to challenge the status quo. And one where you can impact the future for the greater good.

You'll do all this in a flexible environment that embraces connection and belonging. And with the recognition of several inclusivity and diversity awards, we've proven that Allstate empowers everyone to lead, drive change and give back where they work and live.

Good Hands. Greater Together.

Allstate generally does not sponsor individuals for employment-based visas for this position.

Effective July 1, 2014, under Indiana House Enrolled Act (HEA) 1242, it is against public policy of the State of Indiana and a discriminatory practice for an employer to discriminate against a prospective employee on the basis of status as a veteran by refusing to employ an applicant on the basis that they are a veteran of the armed forces of the United States, a member of the Indiana National Guard or a member of a reserve component.

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To view the FMLA poster, click 'here'. This poster summarizing the major provisions of the Family and Medical Leave Act (FMLA) and telling employees how to file a complaint.

It is the Company's policy to employ the best qualified individuals available for all jobs. Therefore, any discriminatory action taken on account of an employee's ancestry, age, color, disability, genetic information, gender, gender identity, gender expression, sexual and reproductive health decision, marital status, medical condition, military or veteran status, national origin, race (include traits historically associated with race, including, but not limited to, hair texture and protective hairstyles), religion (including religious dress), sex, or sexual orientation that adversely affects an employee's terms or conditions of employment is prohibited. This policy applies to all aspects of the employment relationship, including, but not limited to, hiring, training, salary administration, promotion, job assignment, benefits, discipline, and separation of employment.

Client-provided location(s): Rome, WI, USA
Job ID: allstate-146926849
Employment Type: Other

Perks and Benefits

  • Health and Wellness

    • Health Insurance
    • Dental Insurance
    • Vision Insurance
    • Life Insurance
    • Long-Term Disability
    • Short-Term Disability
    • HSA
    • FSA
    • Mental Health Benefits
    • On-Site Gym
    • Pet Insurance
    • Virtual Fitness Classes
    • Health Reimbursement Account
  • Parental Benefits

    • Non-Birth Parent or Paternity Leave
    • Birth Parent or Maternity Leave
    • Adoption Leave
    • Family Support Resources
    • Adoption Assistance Program
  • Work Flexibility

    • Remote Work Opportunities
    • Hybrid Work Opportunities
    • Work-From-Home Stipend
    • Four-Day Work Week
  • Office Life and Perks

    • Commuter Benefits Program
    • Casual Dress
    • On-Site Cafeteria
  • Vacation and Time Off

    • Paid Vacation
    • Paid Holidays
    • Leave of Absence
  • Financial and Retirement

    • 401(K)
    • 401(K) With Company Matching
    • Pension
    • Financial Counseling
    • Relocation Assistance
  • Professional Development

    • Tuition Reimbursement
    • Access to Online Courses
    • Internship Program
    • Promote From Within
    • Mentor Program
    • Lunch and Learns
    • Leadership Training Program
    • Associate or Rotational Training Program
  • Diversity and Inclusion

    • Employee Resource Groups (ERG)
    • Diversity, Equity, and Inclusion Program

Company Videos

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