VP, Product Management

Job Purpose Reporting to the SVP, Product, the Vice President, Product Management will serve in a key leadership role as a member of the Senior Leadership Team (SLT) and will have responsibility for leadership and strategic direction in the development, execution, enhancement, and management of the company’s product portfolio. Essential Duties and Responsibilities Develop and maintain an expert level of knowledge regarding products, services, capabilities, infrastructure, and operations of Inovalon and its affiliates, the marketplace, competition, strategic positioning, threats, and direction to achieve optimal insight and success with respect to Inovalon’s (and those of its affiliates) products, services, capabilities, support, functionality requirements, and financial performance. Lead, drive, and ultimately be responsible for all aspects of the product portfolio strategy through a build, buy, partner lens including market research, financial planning, feature/function road‑mapping, development, implementation, operation, regulatory compliance, maintenance, and overall financial performance (inclusive of pricing, sales, realized revenue, development costs, and operating contribution/margins). Business Planning: The development and maintenance of a multi‑year business plan (the “Identified product(s) Plan(s)”) to meet the overall goals of the Identified Product(s), including competitive landscape, target customer needs analysis, TAM and SAM opportunity analyses, prioritized feature/function road‑map, development plan, market differentiators, go‑to‑market plan, customer contract requirements, and financial projections, updated quarterly. Strategy: Define the product portfolio strategy through a buy, build, partner lens. Drive the partnership and M&A strategy, lead partnership engagement efforts, foster and support key strategic partner relationships, and collaborate with corporate M&A team. Engineering Detail: Ensure that the product team builds comprehensive feature/function requirements details, acceptance criteria, volume expectations, performance expectations, testing parameters, and other requirements of engineering to achieve reliable, timely, and successful development, testing, and operation of the Identified Product(s). External Coordination & Communication: Engage customers, potential customers, internal stakeholders, business partners, industry experts, and subject matter experts to gather insight and feedback with respect to the competitive landscape, customer needs, TAM and SAM opportunity analyses, prioritization of feature/function road map, so as to make adjustments as necessary to optimize and realize the Identified product(s) Plan(s). Internal Leadership: Lead and manage personnel necessary to successfully achieve the Identified product(s) Plan(s), inclusive of direct oversight in cases where such personnel report directly or indirectly to the employee, and matrixed coordination in cases where such personnel do not report directly or indirectly to the employee. Internal Support: Support necessary internal resources, inclusive of marketing, legal, financial, engineering, sales, customer success, and other such resources, as necessary, to optimize and realize the Identified product(s) Plan(s). Maintain comprehensive communication with Inovalon management and appropriate internal personnel, vendors, and customers regarding timelines, readiness, needs, risks, cost implications, resource requirements, and all other material aspects related to the Identified product(s) Plan(s). Actively drive and seek opportunities to leverage Inovalon‑wide products, capabilities, data, and processes to deliver best‑in‑class SaaS products. Establish and monitor key metrics to drive adoption of Agile processes and tools in partnership with Engineering: write product requirements, communicate priorities for sprint and release plans, participate in backlog refinement and retrospectives. Serve as a key member of Employer’s management, promoting Employer’s values, driving and supporting Employer leadership in the strategic development of initiatives to identify enhancements which may improve products, services, operations, employee satisfaction, client appeal, process flow, and overall business function. Adhere to all confidentiality and HIPAA requirements as outlined within Inovalon’s Operating Policies and Procedures in all ways and at all times with respect to any aspect of the data handled or services rendered in the undertaking of the position. Maintain compliance with Inovalon’s policies, procedures and mission statement; and fulfill those responsibilities and/or duties that may be reasonably provided by Inovalon for the purpose of achieving operational and financial success of Employer. Qualifications Minimum 12 years of relevant experience with demonstrable accomplishments in product development, management and enhancement, business strategy, business plan development, market/industry research and competitive analysis. Minimum of 10 years of experience in healthcare technology. Minimum of 5 years of experience in managing and growing SaaS based software with portfolios in excess of 35+ applications. Minimum of 5 years of experience in Agile Framework. Minimum of 5 years of experience supervising staff in excess of 25 and product lines worth over $150 million. Minimum of 5 years leading and scaling a customer‑facing support function in a fast‑moving, high‑growth healthcare SaaS organization. Education Bachelor’s or Master’s degree in a business‑related field. 10+ years of healthcare experience. Experience leading a platform or product portfolio. Physical Demands and Work Environment May be required to move around the work area; sit for long periods of time; perform manual tasks; perform tasks involved with business travel (including air travel, ground transportation, hotel stays, etc.). Might occasionally lift and/or move more than 15 pounds. Must be able to manage work from home environment with minimal distractions. Travel is expected up to 35%. Compliance / Other Must adhere to all confidentiality and HIPAA requirements as outlined within Inovalon’s Operating Policies and Procedures in all ways and at all times with respect to any aspect of the data handled or services rendered. Uphold responsibilities relative to the separation of duties for applicable processes and procedures within your job function. Maintain compliance with Inovalon’s policies, procedures and mission statement. Compensation and Benefits Base Compensation Range: $205,000 — $275,000 USD. In addition to base compensation, this position may be eligible for performance‑based incentives. The actual base pay offered may vary depending on multiple factors including job‑related knowledge/skills, experience, business needs, geographical location, and internal equity. Inovalon invests in associates to help them stay healthy, save for long‑term financial goals, and manage the demands of work and personal commitments. The benefits package includes health insurance, life insurance, company‑paid disability, 401k, 18+ days of paid time off, and more. This position is not eligible for immigration sponsorship. Applicants must be authorized to work in the United States as a condition of employment. Inovalon is an equal‑opportunity workplace. We are committed to equal employment opportunity regardless of race, color, ancestry, religion, sex, national origin, sexual orientation, age, citizenship, marital status, disability, gender identity, veteran status, or criminal history, consistent with legal requirement. #J-18808-Ljbffr TryApplyNow