Staff VP Product Strategy

Location:   May be located in any Elevance Health PulsePoint office preferably in Mendota Heights or Chicago.

This role requires associates to be in-office at least 3 days per week, fostering collaboration and connectivity, while providing flexibility to support productivity and work-life balance. This approach combines structured office engagement with the autonomy of virtual work, promoting a dynamic and adaptable workplace. Alternate locations may be considered.  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.

Summary

 Responsible for leading the enterprise product strategy across Elevance Health’s full portfolio. Connects business priorities, market dynamics, and consumer insights to define and deliver differentiated, digital-first, and AI-enabled health solutions. Develops and governs multi-year strategies and roadmaps that guide investments, enable innovation, and ensure alignment across business units. Owns and builds the enterprise growth plan, translating market opportunities into actionable strategies and measurable outcomes.

Position Responsibilities

• Leads enterprise product strategy and drives end-to-end process excellence for new product innovation, market assessment, rationalization, and prioritization.

• Conducts market assessments, competitive analysis, and TAM/SAM/SOM sizing to evaluate enterprise opportunities and inform investment priorities.

• Owns and builds the enterprise growth plan, ensuring alignment of new and existing products with Elevance Health’s long-term strategic objectives.

• Develops and maintains multi-year enterprise product roadmaps that integrate consumer, employer, and market insights with growth and innovation priorities.

• Builds and presents business cases that articulate market opportunity, financial impact, investment needs, and risk/return scenarios to guide enterprise decision-making.

• Leads build, buy, or partner assessments to determine the optimal approach for addressing enterprise product opportunities.

• Monitors and integrates emerging market trends, innovations, and technologies (including AI and automation) into enterprise product strategies.

• Partners with enterprise marketing to develop compelling go-to-market strategies and messaging that communicate product value propositions.

• Facilitates ongoing enterprise innovation dialogue among business units, Growth Studio, and local markets to identify, evaluate, and prioritize opportunities; ensures vetted concepts are advanced into product development and implementation.

• Provides executive-level visibility into portfolio health, growth performance, and innovation outcomes.

• Hires, mentors, and develops a high-performing product strategy team with deep expertise in health, digital, and emerging markets.

Position Requirements

Requires a BA/BS degree and a minimum of 10 years of related experience; or any combination of education and experience, which would provide an equivalent background.

Preferred Skills, Capabilities and Experiences

• Leads enterprise product strategy and drives end-to-end process excellence for new product innovation, market assessment, rationalization, and prioritization.

• Conducts market assessments, competitive analysis, and TAM/SAM/SOM sizing to evaluate enterprise opportunities and inform investment priorities.

• Owns and builds the enterprise growth plan, ensuring alignment of new and existing products with Elevance Health’s long-term strategic objectives.

• Develops and maintains multi-year enterprise product roadmaps that integrate consumer, employer, and market insights with growth and innovation priorities.

• Builds and presents business cases that articulate market opportunity, financial impact, investment needs, and risk/return scenarios to guide enterprise decision-making.

• Leads build, buy, or partner assessments to determine the optimal approach for addressing enterprise product opportunities.

• Monitors and integrates emerging market trends, innovations, and technologies (including AI and automation) into enterprise product strategies.

• Partners with enterprise marketing to develop compelling go-to-market strategies and messaging that communicate product value propositions.

• Facilitates ongoing enterprise innovation dialogue among business units, iLab, Growth Studio, and local markets to identify, evaluate, and prioritize opportunities; ensures vetted concepts are advanced into product development and implementation.

• Provides executive-level visibility into portfolio health, growth performance, and innovation outcomes.

• Hires, mentors, and develops a high-performing product strategy team with deep expertise in health, digital, and emerging markets.

• Must be a doer.

For candidates working in person or virtually in the below location(s), the salary* range for this specific position is $178,000 to $293,000

Locations: Illinois, Minnesota

In addition to your salary, Elevance Health offers benefits such as, a comprehensive benefits package, incentive and recognition programs, equity stock purchase and 401k contribution (all benefits are subject to eligibility requirements). The salary offered for this specific position is based on a number of legitimate, non-discriminatory factors set by the Company.  The Company is fully committed to ensuring equal pay opportunities for equal work regardless of gender, race, or any other category protected by federal, state, and local pay equity laws.

* The salary range is the range Elevance Health in good faith believes is the range of possible compensation for this role at the time of this posting. This range may be modified in the future and actual compensation may vary from posting based on geographic location, work experience, education and/or skill level. Even within the range, the actual compensation will vary depending on the above factors as well as market/business considerations. No amount is considered to be wages or compensation until such amount is earned, vested, and determinable under the terms and conditions of the applicable policies and plans. The amount and availability of any bonus, commission, benefits, or any other form of compensation and benefits that are allocable to a particular employee remains in the Company's sole discretion unless and until paid and may be modified at the Company’s sole discretion, consistent with the law.

Please be advised that Elevance Health only accepts resumes for compensation from agencies that have a signed agreement with Elevance Health. Any unsolicited resumes, including those submitted to hiring managers, are deemed to be the property of Elevance Health.

Who We Are

Elevance Health is a health company dedicated to improving lives and communities – and making healthcare simpler. We are a Fortune 25 company with a longstanding history in the healthcare industry, looking for leaders at all levels of the organization who are passionate about making an impact on our members and the communities we serve.

How We Work

At Elevance Health, we are creating a culture that is designed to advance our strategy but will also lead to personal and professional growth for our associates. Our values and behaviors are the root of our culture. They are how we achieve our strategy, power our business outcomes and drive our shared success - for our consumers, our associates, our communities and our business.

We offer a range of market-competitive total rewards that include merit increases, paid holidays, Paid Time Off, and incentive bonus programs (unless covered by a collective bargaining agreement), medical, dental, vision, short and long term disability benefits, 401(k) +match, stock purchase plan, life insurance, wellness programs and financial education resources, to name a few.

Elevance Health operates in a Hybrid Workforce Strategy. Unless specified as primarily virtual by the hiring manager, associates are required to work at an Elevance Health location at least once per week, and potentially several times per week. Specific requirements and expectations for time onsite will be discussed as part of the hiring process.

The health of our associates and communities is a top priority for Elevance Health. We require all new candidates in certain patient/member-facing roles to become vaccinated against COVID-19 and Influenza. If you are not vaccinated, your offer will be rescinded unless you provide an acceptable explanation. Elevance Health will also follow all relevant federal, state and local laws.

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 elevancehealthjobssupport@elevancehealth.com 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.