Vice President, General Manager Commercial Segment

The Vice President, General Manager Commercial Segment provides growth, strategic, and portfolio leadership for Medica's Commercial products. The role has profit and loss responsibility for the Commercial segment, including membership, revenue, margin, medical costs, and admin costs. This requires the direct (product) and indirect (matrix) leadership of all internal and external teams working on behalf of the segments and is responsible for prioritization and strong collaboration between teams such as product, marketing, network management, legal, operations, health services, vendors and other key stakeholders external to Medica.

Key Accountabilities:

• The VP, Commercial Segment reports to the SVP of Product and Segments and oversees Commercial Segment Growth and has full profit and loss responsibility
• Provides strategic planning, implementation, management and process/cost improvement direction related to Medica's Commercial business segments.
• Partners closely with the regional sales teams, including the Strategic Account Executives and Client Management, along with Market Operations to ensure the Commercial segment objectives are met.
• Consults with underwriting and market operations to ensure alignment with the Commercial segment strategies.
• Establishes appropriate goals, product skill development, and personal development for the Product Strategy and Development team.
• Understands the competitive landscape and proposes changes to current product mix to maximize membership/profitability.

Qualifications:

• Bachelors degree required; advanced degree (MA, MBA, MHA) preferred
• Minimum 10 years of working experience required; a minimum of 5 years of healthcare experience preferred; a minimum of 3-5 years of functional expertise with goal focus on markets preferred

Specific types of experience required:

• Creating product growth goals, developing, managing and achieving a product strategy, setting appropriate goals for staff, and providing personal development for a product team
• Changing product mixes to maximize membership/profitability, managing risk and meeting departmental cost structures, and leading the product team to develop and implement a product strategy
• Proven success in product management, ideally with P&L accountability, understand the complex health care landscape, and be able to actively engage with the marketing team and growth office to drive cross-functional portfolio prioritization required

Skills & Abilities:

• Sets the vision and direction through resource allocation decisions for a significant division or multiple department/cost centers
• Executive responsible for multiple functions, departments, and/or geographic marketplaces
• Develops and implements strategic plans and objectives for the organization in alignment with corporate strategy
• Oversees direction and approves tactical administrative or operational policies and resource allocation decisions to ensure achievement of objectives
• Works with abstract ideas or situations across functional areas of the organization
• Develops corporate methods, techniques and evaluation criteria for projects, programs, and people
• Understands in-depth knowledge of the company, competitive environment, technology and economic or social implications of organization activities
• Relates to people of all levels of the organization including executives and major customers or consultants
• Participates in highly visible activities (i.e. customer negotiations or influencing other executives on matters of significance to the organization) and policy making
• Directs activities of and takes operational responsibility for two or more functional areas, departments or divisions through their subordinate management team who have overall responsibility for those assigned areas
• Manages primarily through vice presidents/ senior directors
• Demonstrates business, political and interpersonal savvy in a matrixed environment
• Ensures the company maintains high social responsibility wherever it does business
• Assesses risks to the company and ensures they are monitored and minimized
• Provides thought leadership, results leadership, people leadership and personal leadership
• Reads, analyzes, interprets and speaks to complex documents
• Models high ethical standards
• Recognized as an influential leader within the organization
• Relates to people at all levels of an organization effectively
• Communicates verbal/written messages effectively

This position is an Office role, which requires an employee to work from the designated office, Minnetonka MN or Madison WI, on average, 3+ times per week.

The full base pay salary range for this position is $240,000-$360,000. Annual base pay salary range placement will depend on a variety of factors including, but not limited to, education, work experience, applicable certifications and or licensures, the position's scope and responsibility, internal pay equity and external market salary data.

In addition to base compensation, this position is eligible for Medica's Short Term Incentive plan, Long Term Incentive plan and our Supplemental Executive Retirement Plan.

Medica offers a generous total rewards package that includes competitive medical, dental, vision, executive life insurance, Self-Managed Time Off, 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.

Medica's commitment to diversity, equity and inclusion (DEI) includes unifying our workforce through learning and development, recruitment and retention. We consistently communicate the importance of DEI, celebrate achievements, and seek out community partnerships and diverse suppliers that are representative of everyone in our community. We are developing sustainable programs and investing time, talent and resources to ensure that we are living our values. We are an Equal Opportunity/Affirmative Action 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.