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VP, Insights Product Management

Bowie, MD, USA | Inovalon

  • Industry:
    Information Technologies
  • Position Type:
  • Functions:
    Product Development
  • Experience:
    15-20 years
Job Description:
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The Vice President, Product Management will own the development and execution of business strategy for the respective business unit.Owning inputs into financial forecasts and results, the Vice President will transform business and market strategies into solutions for problems that are urgent, pervasive, and that the market will pay to solve.This position will lead market research and infuse thought leadership across the business unit and cross-functional teams throughout product development, launch, and ongoing service provision.In addition to the performance of such other services assigned or delegated by the Company, the Vice President will communicate to key stakeholders, including the Executive Leadership Team, and will engage with customers and business partners to understand new market needs, as well as define and document roadmaps for execution and sales. The Vice President will demonstrate technical expertise, as well as product management discipline, to bring cutting-edge solutions and assets to market, resulting in delighted customers and sustained growth. 


Duties and Responsibilities:



  • Design a strategic, multi-year business plan and blueprint to meet the overall product goals around key metrics (e.g., revenue, EBIDTA); maintain a regular review/update cadence and ultimately own revenue attainment:

    • Lead teams who conduct research to evaluate market landscape, technologies, industry, and competitive trends;

    • Engage with customers, internal stakeholders, and business partners to gather feedback and options for regular improvements, while understanding the Company’s distinctive competencies;

    • Ensure that product management teams maintain a published roadmap outlining ideas, value, and timing of those to market, as well as the fit within the product portfolio; 



  • Management of product portfolio and life cycle:

    • Defining requirements; produce market/product requirement documents in alignment with Inovalon’s “Workind Backwards” and “Product Tier” frameworks; 



  • Design and/or partner on products and services – driving early-stage technologies, supporting design-led research, reviewing prototype development, and finalizing fit into the product portfolio; additionally, identify and evaluate potential third-party partnerships on an ongoing basis; 



    • Coordinating cross-functional team activities during the product release cycle;

    • Developing software release plans/schedules/project charters working closely with Engineering and Delivery Operations to ensure customer needs, product quality standards and delivery deadlines are met;

    • Laying out feature/enhancement roadmaps;

    • Assessing product performance based on operational metrics; 



  • Own pricing and distribution strategy and definition; 

  • Serve as external/commercial face of solutions/services; 

  • Working effectively with business unit senior leaders and functional teams to ensure success:

    • Working closely with marketing managers to create a full suite of collateral, including white papers, presentations, product datasheets, webinars, and other sales support tools; 



  • Support Delivery Operations and Customer Success relative to execution; 



    • Support Sales and Customer Success, on opportunity development and closure – when high complexity and need for subject matter expertise are present; 



  • Define key business objectives on a timely basis for the Engineering team to design, develop, test, and operate towards – supporting Engineering in development of requirements and use scenarios, partnering with Engineering to determine optimal technical implementation and delivery sequence, and helping Engineering prioritize and make trade-off decisions during development;

  • Own contract terms and templates and ensure solution/service compliance, including data policies, during definition and early-stage phases;

  • Maintain and explore product knowledge opportunities to expand SaaS or DaaS (“data-as-a-service”) offerings based upon Inovalon’s unique assets, market needs and industry trends;

  • Participate as part of the Company senior leadership in strategic development of initiatives to identify product, system, financial, and operations enhancements which may improve client appeal, process flow, business function, and valuation of the Company;

  • Maintain compliance with Inovalon’s policies, procedures and mission statement;

  • 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; and


Fulfill those responsibilities and/or duties that may be reasonably provided by Inovalon for the purpose of achieving operational and financial success of the Company.


Job Requirements:



  • Minimum fifteen (15) years’ experience with demonstrable accomplishments in strategic product management, business strategy, financial/business modeling and analysis, business plan development, market/industry research, and competitive analysis;

  • Minimum seven (7) years’ management experience;

  • Proven track record in building new products and introducing them to market;

  • Ability to manage costs and expenses within a budget as well as ensure projects as assigned are managed to budget, scope, and timeline;

  • Demonstrated experience with customer feedback tools and quantitative analysis;

  • Ability to attract, develop, and retain high-performing talent and expertise; 

  • Comfortable interacting with a variety of stakeholders (i.e., sales, marketing, development, technical services, etc.) with a demonstrated ability to lead through influence;

  • Strong analytical and organization skills. Must possess an inquisitive mind, have an ability to work independently and proactively, be accepting of ambiguity, and quick learner with good technical and business acumen; 

  • Excellent written and oral presentation skills;

  • Mastery of Microsoft Office tools, including Word, Excel, and PowerPoint preferred;

  • Great organizational skills and ‘get things done’ attitude; 

  • Excellent time management skills;

  • Self-motivated with strong organizational/prioritization skills; and

  • Proven ability to work effectively under pressure & meet deadlines.


Education:



  • Bachelor’s Degree is required; and

  • Master’s degree in related field is highly desired.


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; and

  • Travel for this position may be seasonal for specific product lines which may lead to concentrations of travel during specific periods of the year, but generally should not exceed 25% on an annual basis.


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