SVP, Product in Bowie, Maryland at Inovalon
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Job Description
Inovalon was founded in 1998 on the belief that technology, and data specifically, would empower the transformation of the entire healthcare ecosystem for the better, improving both outcomes and economics. At Inovalon, we believe that when our customers are successful in their missions, healthcare improves. Therefore, we focus on empowering them with data-driven solutions. And the momentum is building.
Together, as ONE Inovalon, we are a united force delivering solutions that address healthcares greatest needs. Through our mission-based culture of inclusion and innovation, our organization brings value not just to our customers, but to the millions of patients and members they serve.
Overview:
Reporting to the Chief Product Officer, the Senior 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.
With responsibility for the expanding Product function, the SVP, Product Management must be passionate about the incubation, design, development, and launch of new SaaS products in the data and technology space. This person must bring a strong background in leading best-in-class teams that manage and own a product portfolio. This person will work to identify, design, and drive initiatives that grow Inovalon's business throughout the healthcare value chain and establish a positive impact on the organization's operating efficiency and profitability.
Duties and Responsibilities:
Plans, develops and oversees enterprise-wide programs and operations for large, complex function(s) or business unit.
Plays a leading role in high-level organizational decisions and daily operations.
Sets and is accountable for financial plans and goals for assigned business unit or function.
Focuses on translating corporate objectives into strategic business plans for the business segment/function/ area based on knowledge of market and competitive trends.
Organizational Impact
Decisions have significant impact on business or operating unit, budget, department, employees and/or client(s).
Nature of work and decisions require analysis and evaluation of tangible and intangible factors.
Others consult with this leader when making high-level decisions.
Ensure compliance with company policies and local, regional and federal regulations.
Strategic decisions have medium to long-term impact on operations.
Complexity & Problem-Solving
Consistently works with complex ideas or situations across business units and/or departments.
Comfortable with complexity and ambiguity, and ability to clearly express point of view to others.
Ability to evaluate performance metrics and calculate risks.
Communication & Collaboration
Maintains a broad level of business contact and collaboration and is responsible for planning and budgetary considerations.
Actively engage in business development opportunities including presenting Inovalons business capabilities to clients, prospective clients, partners, and prospective partners.
Build and leverage cross-functional collaborative relationships to achieve shared company goals.
Scope of Leadership & Talent Management
Directs execution in support of enterprise strategy, leveraging assets (people, technology, intellectual property, etc.).
Responsible for the coaching and professional development of leaders, succession planning and ensuring high performance levels within area.
Participates in the preparation of annual budgets and drives business dealings and internal/external relationships, as required.
Leads organization across functional boundaries at an enterprise and/or business unit level.
Job Requirements:
Minimum fifteen (15) years of experience and a track record in product management and 12+ years of management experience.
Superior organizational/leadership skills; demonstrated ability to execute.
Requires critical thinking, advanced understanding of business functions, and detailed knowledge of data, analysis and performance metrics.
Requires in-depth knowledge of the industry, business strategies, and company objectives.
Education:
Bachelors degree or equivalent experience required
Masters degree preferred.
Physical Demands and Work Environment:
Sedentary work (i.e., sitting for long periods of time).
Exerting up to 10 pounds of force occasionally and/or negligible amount of force.
Frequently or constantly to lift, carry push, pull or otherwise move objects and repetitive motions.
Subject to inside environmental conditions.
Travel for this position is expected to be less than 40%.
Inovalon Offers a Competitive Salary and Benefits Package
In addition to the base compensation, this position may be eligible for performance-based incentives.
The actual base pay offered may vary depending on multiple factors including, but not limited to, job-related knowledge/skills, experience, business needs, geographical location, and internal equity. At Inovalon, it is not typical for an individual to be hired at or near the top end of the range for their role, and compensation decisions are dependent upon the facts and circumstances of each position and candidate.
Inovalon invests in associates to help them stay healthy, save for long-term financial goals, and manage the demands of work and personal commitments. Thats why Inovalon offers a valuable benefits package with a wide range of choices to meet associate needs, which may include health insurance, life insurance, company-paid disability, 401k, 18+ days of paid time off, and more.
This position is not eligible for immigration sponsorship (e.g. H-1B, TN, or E-3). Applicants must be authorized to work in the United States as a condition of employment. (This is only applicable for US-based positions)
If you dont meet every qualification listed but are excited about our mission and the work described, we encourage you to apply. Inovalon is most interested in finding the best candidate for the job, and you may be just the right person for this or other roles.
By embracing inclusion, we enhance our work environment and drive business success. Inovalon strives to provide equal opportunities to the communities where we operate and to our clients and everyone whom we serve. We endeavor to create a culture of inclusion in which our associates feel empowered to bring their full, authentic selves to work and pursue their professional goals in an equitable setting. We understand that by fostering this type of culture, and welcoming different perspectives, we generate innovation and growth.
Inovalon is proud to be 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 or veteran status. We also consider qualified applicants regardless of criminal histories, consistent with legal requirement.
To review the legal requirements, including all labor law posters, please visit this link
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