Principal Product Manager, SmithRx
More information about location
Next-generation pharmacy benefits
Be an early applicant
Next-generation pharmacy benefits
201-500 employees
Be an early applicant
More information about location
201-500 employees
Company mission
To reduce the complexity and costs of pharmacy benefits with a cleaner business approach and the industry’s most advanced and flexible technology platform.
Role
Who you are
- Bachelor’s degree in Computer Science, Engineering, or a related field
- 10+ years of experience in product management, with a proven track record of leading large-scale, high-impact product initiatives
- Extensive experience influencing and leading cross-functional teams and executive stakeholders, with a focus on long-term vision and strategic alignment
- Deep understanding of market trends, competitive landscape, and evolving customer needs, with the ability to translate insights into product strategy
- Experience mentoring and developing product management talent across multiple teams
- Strong understanding of the software development life cycle and proficiency in Agile methodologies
- Proven ability to collaborate effectively with engineering, non-engineering teams, and cross-functional stakeholders to deliver impactful product solutions
What the job involves
- As a Principal Product Manager, you will define and drive the long-term product vision and strategy across multiple teams, aligning stakeholders on high-impact, customer-centric outcomes that drive business growth and organizational success
- You will lead cross-functional initiatives, partnering with executive leadership, engineering, design, and go-to-market teams to align product development with business goals and customer needs
- Define and drive the long-term product vision and strategy across multiple teams, aligning stakeholders on customer-focused outcomes that drive business growth
- Lead cross-functional initiatives, partnering with executive leadership, engineering, design, and go-to-market teams to align product development with business goals
- Drive data-informed decision-making, setting key performance indicators (KPIs) and ensuring product development aligns with business objectives and market opportunities
- Champion product management excellence across the organization, setting best practices and mentoring teams to deliver innovative products that meet evolving customer and market demands
- Act as the primary advocate for customer needs at an organizational level, ensuring customer insights inform product strategies and business goals
- Lead large-scale, complex product initiatives, coordinating across multiple teams to deliver high-impact solutions that drive business growth
- Own the full product lifecycle, from ideation through execution and beyond, ensuring alignment with strategic priorities and delivering against business objectives
Our take
PBMs (Pharmacy Benefit Managers) save payers and patients 40% to 50% on prescription drug and related medical costs in the US, compared to what they would spend without them. It’s generally accepted, though, that PBMs are working for profit and not solely on the customers benefit.
SmithRx is a company looking to reduce complications in the current system with its innovative PBM structure. It uses its cloud-based technology to present the most cost effective options transparently to self-insured businesses, supporting them in getting the lowest cost drugs they can, as well as making the transition to these alternatives seamless.
It does this by partnering with innovative drug companies, as well as applying coupons and making use of available savings and assistance programs. As the company does not take economics from the supply chain, it is able to work for its customers with no hidden agendas. Having recently secured funding, the company is looking towards continued growth as well as pursuing leadership in the sector.
Steph
Company Specialist at Welcome to the Jungle
Insights
Few candidates hear
back within 2 weeks
Company
Funding (last 2 of 5 rounds)
Jan 2024
$60m
SERIES C
Mar 2022
$20m
SERIES B
Total funding: $97.5m
Company benefits
- Comprehensive wellness benefits including Medical, Pharmacy, Dental and Vision. We pay up to 90% for you and your family
- Fully paid life insurance and disability benefits
- Paid Parental Leave benefits
- Professional development, training and career growth opportunities
- Generous paid time off
Company values
- Operate With Integrity: Always operate with honesty and transparency so we earn the trust of our clients
- Courage To Transform: Demonstrate the courage needed to take on a broken industry and continuously improve what we offer to optimise health outcomes
- Together We Succeed: Foster a collaborative and inclusive environment that values teamwork, respect, and open communication, and encourages creativity and diversity of thought
Company HQ
South Park, San Francisco, CA
Articles
Leadership
Jake Frenz
(CEO)Previously worked as Director of Plan Operations at CollectiveHealth and Project Director at Anthem Inc.
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