SVP, Product

Benefits

Additional Information

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 healthcare's 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. The Senior Vice President, Product is responsible for the development, operationalization, and execution of their designated business unit's product strategy and roadmap to ensure it features market-leading innovation, delivers value for Inovalon clients through continuous product improvement, and supports Inovalon's financial and operational performance goals. This role provides strategic and operational leadership for the business unit's Product function and team members. Additionally, this executive leadership role is accountable for developing the product portfolio's strategic vision while nurturing and empowering a culture of innovation and continuous and improvement. The Senior Vice President, Product proactively participates in and leads cross-functional collaboration to drive improvements and performance in the entire Inovalon product suite. This role is an executive leadership function and is directly involved in all key organizational strategy and decision-making. Description of Duties 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 Inovalon's 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. Knowledge/Education/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. Generally, requires a bachelor's degree and a minimum of 15+ years' experience in a related discipline and 12+ years of management experience. Master's degree may be preferred. Essential Functions Develop and maintain an expert level of knowledge regarding products, services, capabilities, infrastructure, and operations of Employer and its affiliates, the marketplace, competition, strategic positioning, threats, and direction to achieve optimal insight and success with respect to Employer's (and those of its affiliates) products, services, capabilities, support, functionality requirements, and financial performance. Lead, drive, and ultimately be responsible for planning, implementation, execution, and successful achievement of their designated business unit's produc

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