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.
• Monitor the competitive landscape, 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.

Benefits

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.

Work Authorization

Employment is contingent on verification of identity and eligibility to work in the United States. We are an Equal Opportunity employer, where all qualified candidates receive consideration for employment indiscriminate of race, religion, ethnicity, national origin, citizenship, gender, gender identity, sexual orientation, age, veteran status, disability, genetic information, or any other protected characteristic.