Senior Director, Individual Products

Key Accountabilities

• Lead the development, execution, and continuous improvement of IFB product strategy, ensuring alignment with market trends, regulatory requirements, and Medica’s growth objectives.
• Oversee the IFB P&L, including membership, revenue, margin, and cost management. Partner with Finance and Actuarial to monitor performance, identify risks/opportunities, and drive interventions as needed.
• Set clear expectations, provide ongoing coaching and feedback, and support employees' professional growth. Ensure compliance with company policies, employment laws, and HR programs.
• Promote engagement, collaboration, and accountability while aligning team outcomes with organizational goals. Provide strategic leadership and people direction by setting vision, developing talent, and ensuring organizational effectiveness, compliance, and alignment with enterprise priorities.
• Foster collaboration across Product, Marketing, Network, Operations, Compliance, and other functions to achieve IFB goals.
• Maintain market and competitive analysis, recommend product and pricing changes, and ensure Medica’s IFB offerings remain differentiated and sustainable. Ensure IFB products and processes comply with all applicable regulations and internal policies.

Required Qualifications

• Bachelor's degree or equivalent experience in related field
• 10+ years of work experience beyond degree
• 3+ years of people management and leadership experience
• 3+ years of individual product knowledge and experience

Preferred Qualifications

• Financial acumen for P&L responsibility
• ICHRA experience

Location

This position is an Office role, requiring an employee to work onsite, on average, 3 days per week. We are open to candidates located near one of the following office locations: Minnetonka, MN, Madison, WI, St. Louis, MO, or Omaha, NE.

Compensation

The full salary grade for this position is $150,000 - $257,200. While the full salary grade is provided, the typical hiring salary range for this role is expected to be between $150,000 - $225,015. Annual salary range placement will depend on a variety of factors including, but not limited to, education, work experience, applicable certifications and/or licensure, the position's scope and responsibility, internal pay equity and external market salary data.

In addition to base compensation, this position may be eligible for incentive plan compensation in addition to base salary.

Medica offers a generous total rewards package that includes competitive medical, dental, vision, PTO, Holidays, paid volunteer time off, 401K contributions, caregiver services and many other benefits to support our employees.

The compensation and benefits information is provided as of the date of this posting. Medica’s compensation and benefits are subject to change at any time, with or without notice, subject to applicable law.

Eligibility to work in the US: Medica does not offer work visa sponsorship for this role. All candidates must be legally authorized to work in the United States at the time of application.