SVP, Product at Inovalon Inc

Gurugram, haryana, India -

Full Time

Start Date

Immediate

Expiry Date

25 Aug, 26

Salary

0.0

Posted On

27 May, 26

Experience

10 year(s) or above

Remote Job

Yes

Telecommute

Yes

Sponsor Visa

Skills

Product Strategy, Roadmap Development, Executive Leadership, Cross-functional Collaboration, Financial Planning, Market Analysis, Talent Management, Product Design, ROI Modeling, Business Development, Stakeholder Management, Performance Metrics, Strategic Vision, Operational Leadership, Client Relationship Management, Risk Calculation

Industry

Software Development

Description

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 product strategy including: Provide effective and inspiring leadership for the organization. Champion innovation and a relentless focus on total customer experience through excellence in product design, development, and delivery. Share industry expertise with all team members to foster an environment of knowledge transfer and education. Responsible for evaluating product strategy, product markets, product ROI models, product-related efficiencies, effectiveness, and productivity. Responsible for evaluating client implementation proposals, efforts, and engagements. Responsible for supporting the forecasting of revenue and associated, required, resources related to areas of responsibility. Responsible for participating in the drive to meet company revenue goals and profitability. Work with the team on the strategic product design and system capabilities. Work closely with the client executive teams to facilitate alignment of strategic goals. Identify new opportunities for incremental sales and improved client satisfaction. Identification of metrics to determine success or opportunities for improvement. Create and/or review Statements of Work for new service delivery. Participate in executive steering meetings with customers. Additional Criteria Maintain compliance with lnovalon's policies, procedures and mission statement. Adhere to all confidentiality and HIPAA requirements as outlined within lnovalon's Operating Policies and Procedures in all ways and at all times with respect to any aspect of the data handled or services rendered in the undertaking of the position. Fulfill those responsibilities and/or duties that may be reasonably provided by lnovalon for the purpose of achieving operational and financial success of the Company. Uphold responsibilities relative to the separation of duties for applicable processes and procedures within your job function. We reserve the right to change this job description from time to time as business needs dictate and will provide notice of such This position is not eligible for immigration sponsorship (e.g. H-1B, TN, or E-3). Applicants must be authorized to work in the United States as a condition of employment. (This is only applicable for US-based positions) If you don’t meet every qualification listed but are excited about our mission and the work described, we encourage you to apply. Inovalon is most interested in finding the best candidate for the job, and you may be just the right person for this or other roles. By embracing inclusion, we enhance our work environment and drive business success. Inovalon strives to provide equal opportunities to the communities where we operate and to our clients and everyone whom we serve. We endeavor to create a culture of inclusion in which our associates feel empowered to bring their full, authentic selves to work and pursue their professional goals in an equitable setting. We understand that by fostering this type of culture, and welcoming different perspectives, we generate innovation and growth. Inovalon is proud to be an equal opportunity workplace. We are committed to equal employment opportunity regardless of race, color, ancestry, religion, sex, national origin, sexual orientation, age, citizenship, marital status, disability, gender identity or veteran status. We also consider qualified applicants regardless of criminal histories, consistent with legal requirement. To review the legal requirements, including all labor law posters, please visit this link To review the California Consumer Privacy Statement: Disclosures for California Residents, please visit this link

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Responsibilities

The SVP of Product is responsible for the strategic vision, development, and execution of the business unit's product roadmap to drive innovation and financial performance. This executive role leads cross-functional collaboration and manages the product portfolio to ensure market-leading value for healthcare clients.