Manager, Product Strategy

We’re building a world of health around every individual — shaping a more connected, convenient and compassionate health experience. At CVS Health®, you’ll be surrounded by passionate colleagues who care deeply, innovate with purpose, hold ourselves accountable and prioritize safety and quality in everything we do. Join us and be part of something bigger – helping to simplify health care one person, one family and one community at a time.

Position Summary :

Are you looking for a career with a purpose? We are seeking a Product Development Manager for our Spend Management Solutions products.

As a Product Development Manager, you will be responsible for managing overall product value both to CVS and to our clients.  This exciting position is responsible for driving critical projects through the entire product development lifecycle, concept through implementation, for new and existing products. As a Product Development Manager, the expectation would be to collaborate with multiple key stakeholders within the organization with a focus on successfully identifying and developing new product ideas, navigating ambiguity to bring concepts from ideation through commercialization.  You will develop and own business cases to support new product opportunities for growth and profitability.

Key Responsibilities include:

Product Strategy & Innovation:

• Lead new product ideation and development, transforming abstract concepts into actionable solutions
• Navigate complex and ambiguous product opportunities, applying structured thinking to define scope, value, and execution pathways
• Monitor market trends and competitive activity to inform product strategy and identify whitespace opportunities
• Conduct competitive analyses and market research to identify trends, customer preferences, and growth opportunities.
• Create and defend business cases that articulate strategic rationale, financial impact, and go-to-market plans
• Engage cross-functionally across the organization serving as a strategic thought partner to determine economic impacts of product design and operating decisions; maintain understanding of product operations and sales strategy
• Provide strategic insights to achieve enterprise objectives, identify opportunities, resolve issues, and mitigate risks

Your Day-to-Day Requires:

• High accountability, independence, and ownership of complex, often ambiguous initiatives
• Experience in developing financial deliverables for product portfolio including P&L statements, budgets, forecasts
• Strong strategic thinking and analytical skills to assess opportunities, build business cases and have the experience and maturity to defend your idea(s) and make informed decisions
• Ability to prepare and present material for the business that adds value and is easily understood by others
• Contain executive presence and storytelling skills
• Excellent communication skills to influence and align stakeholders across varying levels of the organization
• Adaptability and curiosity to learn quickly and pivot as needed
• Experience with issue resolution, root cause analysis, and risk mitigation
• A willingness to ‘get your hands’ dirty and work with multiple teams to solve issues
• Ability to build and maintain effective working relationships across teams
• Proficiency in business case development
• High attention to detail and ability to proactively identify and address risks and issues
• A results-focused, self-starter mentality
• Ability to develop clear goals and plans and deliver against them
• Ability to lead multiple projects simultaneously, prioritizing as needed to produce results and meet deadlines

The successful candidate will be able to impact results in the areas of product management, finance, strategy, business transformation, and/or operations. This will require someone with outstanding organizational, logic, and prioritization skills, including the highest level of attention to detail and the ability to prioritize at once.

The environment will be, at times, ambiguous and uncertain. The ideal candidate will have demonstrated success dealing with this type of fast-paced environment, with the ability to learn on the fly while understanding and solving new problems.

Required Qualifications:

• 5+ years of experience in consulting, product management/design/development, and/or strategy
• 5+ years of experience with data analytics, financial statements, spreadsheets, and presentation software, including proficiency in MS Word, Excel, and PowerPoint
• 3 + years of experience within the Healthcare industry
• 3 + years of experience working in a Product organization in a matrixed organization, including working with multiple functional areas such as Product, Commercialization, Clinical, Finance, Sales

Preferred Qualifications:

• Proven success in developing and launching new products, taking ideas from concept to commercialization
• Experience working in pharmacy benefit and / or health insurance industries
• Direct experience with CVS Specialty benefits and/or product
• 2+ years of client facing experience managing customers
• Self-sufficient operator mindset that can develop a strategy, determine the gaps, and execute a project plan

Education:

• Bachelor’s degree required; master’s degree preferred (MBA, PharmD, PhD, MHA); may consider comparable work experience

Anticipated Weekly Hours

40

Time Type

Full time

Pay Range

The typical pay range for this role is:

$66,330.00 - $145,860.00

This pay range represents the base hourly rate or base annual full-time salary for all positions in the job grade within which this position falls.  The actual base salary offer will depend on a variety of factors including experience, education, geography and other relevant factors.  This position is eligible for a CVS Health bonus, commission or short-term incentive program in addition to the base pay range listed above. 
 

Our people fuel our future. Our teams reflect the customers, patients, members and communities we serve and we are committed to fostering a workplace where every colleague feels valued and that they belong.

Great benefits for great people

We take pride in our comprehensive and competitive mix of pay and benefits – investing in the physical, emotional and financial wellness of our colleagues and their families to help them be the healthiest they can be. In addition to our competitive wages, our great benefits include:

• Affordable medical plan options, a 401(k) plan (including matching company contributions), and an employee stock purchase plan.

• No-cost programs for all colleagues including wellness screenings, tobacco cessation and weight management programs, confidential counseling and financial coaching.

• Benefit solutions that address the different needs and preferences of our colleagues including paid time off, flexible work schedules, family leave, dependent care resources, colleague assistance programs, tuition assistance, retiree medical access and many other benefits depending on eligibility.

For more information, visit https://jobs.cvshealth.com/us/en/benefits

We anticipate the application window for this opening will close on: 03/31/2026

Qualified applicants with arrest or conviction records will be considered for employment in accordance with all federal, state and local laws.