Product Innovation & Growth Strategy Director

Product Innovation & Growth Strategy Director

This role requires associates to be in-office 3 days per week, fostering collaboration and connectivity, while providing flexibility to support productivity and work‑life balance. Alternate locations may be considered if candidates reside within a commuting distance from an office.

Please note that per our policy on hybrid/virtual work, candidates not within a reasonable commuting distance from the posting location(s) will not be considered for employment, unless an accommodation is granted as required by law.

The Product Innovation & Growth Strategy
Director will support the identification, evaluation, and advancement of new product opportunities that drive growth, differentiation, affordability, and superior health outcomes across Elevance Health’s Commercial portfolio.

Reporting to the Head of Product Innovation, this role sits at the intersection of strategy, innovation, analytics, and execution. The Director will serve as a high‑impact thought partner and operator — leading analytical work streams, shaping investment cases, and helping translate early‑stage concepts into actionable pilots and scalable solutions.

This role is ideal for a highly analytical, entrepreneurial leader with a structured problem‑solving toolkit who is eager to build and scale products in a complex healthcare environment.

• Lead analytical work streams to evaluate new product concepts, including market sizing, competitive landscaping, and financial modeling.
• Help manage the new idea intake and prioritization funnel, including preparing materials for intake and ideation forums.
• Develop investment cases for new product builds and partnerships.
• Conduct ROI modeling and scenario analysis to support portfolio prioritization decisions.
• Support execution of Commercial Product’s build‑buy‑partner strategy through structured diligence and stakeholder coordination.
• Partner with Growth Studio and Commercial product leaders to assess and advance priority innovation initiatives (e.g., AHPs, GLP‑1s, emerging care models).
• Develop frameworks, dashboards, and metrics to evaluate pilots and inform scale decisions.
• Synthesize complex analyses into clear executive‑ready recommendations.

• Requires a BA/BS degree and a minimum of 5 years of related experience; or any combination of education and experience that provides an equivalent background.

• 2–5 years of experience at a top‑tier professional services firm (e.g., management consulting, investment banking).
• Exceptional structured problem‑solving and analytical skills.
• Advanced financial modeling and Excel capabilities.
• Ability to independently drive work streams in ambiguous environments.
• Strong executive communication skills – able to distill complex analyses into concise insights.
• Demonstrated interest in healthcare, innovation, venture, or product strategy.
• High intellectual curiosity and entrepreneurial mindset.
• Ability to influence without authority and build strong cross‑functional relationships.

For candidates working in person or virtually in the following locations, the salary range for this specific position is $117,768 to $201,888.

Location(s):
Costa Mesa, CA;
Woodland Hills, CA;
Walnut Creek, CA;
Denver, CO;
Chicago, IL;
Woburn, MA;
Hanover, MD;
Iselin, NJ;
New York City, NY;
Las Vegas, NV; and Ashburn, VA.

In addition to your salary, Elevance Health offers a comprehensive benefits package, including incentive and recognition programs, equity stock purchase, 401(k) contributions, medical, dental, vision, short and long‑term disability coverage, wellness programs, and financial education resources. The salary offered for this specific position is based on legitimate, non‑discriminatory factors set by the Company.

Elevance Health is an Equal Employment Opportunity employer and all qualified applicants will receive consideration for employment without regard to age, citizenship status, color, creed, disability, ethnicity, genetic information, gender (including gender identity and gender expression), marital status, national origin, race, religion, sex, sexual orientation, veteran status or any other status or condition protected by applicable federal, state, or local laws.

Applicants who require accommodation to participate in the job application process may contact elevancehealthj for assistance.

Qualified applicants with arrest or conviction records will be considered for employment in accordance with all federal, state, and local laws, including, but not limited to, the Los Angeles County Fair Chance Ordinance and the California Fair Chance Act.

Prospective employees required to be screened under Florida law should review the education and awareness resources at HB531 | Florida Agency for Health Care Administration.