Product Development Director

Responsibilities

• Lead strategy and implementation of new or enhanced PBM products, including clinically driven solutions, UM programs, and integrated product bundles across Commercial and government segments.
• Partner with cross‑functional leaders (Clinical, Actuarial, Trade Relations, Operations, IT, Sales, and Medical partners) to deliver aligned, enterprise‑wide product strategies that meet both clinical and financial objectives.
• Drive product roadmap execution with a focus on accelerating speed‑to‑market, reducing product lifecycle timelines, and prioritizing high‑impact, revenue‑generating opportunities.
• Monitor specialty drug pipeline, biosimilars, emerging therapies, and market innovations to inform product strategy and identify opportunities for differentiation or gap closure.
• Evaluate current product portfolio performance, identifying opportunities to enhance, sunset, or expand offerings to improve adoption, utilization, and profitability.
• Ensure all products are compliant with regulatory directives, state/federal laws, and evolving PBM transparency requirements.
• Coordinate the communication, presentation, and implementation of all phases of product development, including go‑to‑market readiness and stakeholder alignment.
• Serve as a subject matter expert for clinical product capabilities, representing product strategy in client, partner, and executive‑level discussions.
• Collaborate across matrix partners to break down silos and deliver integrated pharmacy and medical solutions, including supporting growth in ASO and integrated product offerings.
• Monitor competitive, regulatory, economic, and industry trends to proactively assess product impacts, risks, and opportunities.

• Requires a BA/BS degree and a minimum of 5 years of related experience.
• MBA or PharmD with a strong focus on healthcare strategy, pharmacy benefit management, or clinical program design preferred.
• 5+ years of PBM product development, managed care pharmacy, or related experience with demonstrated ownership of product strategy, roadmap development, and P&L impact preferred.
• Deep understanding of formulary management, P&T processes, specialty pharmacy economics, and utilization management strategies.
• Proven ability to operate in a highly matrixed environment, partnering across clinical, trade, operations, IT, sales, and medical teams to deliver integrated product solutions.
• Strong strategic, analytical, and agile mindset with the ability to assess market trends, identify product gaps, and rapidly translate insights into actionable product strategies.
• Experience engaging with senior leadership and executive stakeholders as a product subject matter expert.