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.

With responsibility for the expanding (SaaS) Product function, the VP, 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.

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), to include Business Planning: The development and maintenance of a multi-year business plan to meet the overall goals of the Identified Product(s), including all key elements such as competitive landscape, target customer needs analyses, TAM and SAM opportunity analyses, prioritized feature/function road map, development plan (inclusive of timelines, resource requirements, and costs), market differentiators, go-to-market plan, customer contract requirements, and financial projections, which shall be 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 is building 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: The engaging