Principal Product Development Manager

Guides the development, innovation, and optimization of Magellan’s diverse product portfolio by providing strategic leadership across the full product lifecycle. Oversees the formal design and governance of the product development process, ensuring products advance effectively from concept through launch, enhancement, and ongoing maintenance. Drives measurable business, clinical, and financial outcomes by translating market needs, regulatory requirements, and organizational priorities into high-impact product strategies. Works cross functionally with clinical leaders, operations, marketing, sales, technology, and compliance to ensure products improve member outcomes, drive growth, and align with Magellan’s mission.

• Product Strategy & Leadership: Defines and executes the product development roadmap aligned with organizational goals, clinical standards, and market demand, and leads the end‑to‑end strategy, planning, and execution of assigned products, ensuring alignment with organizational priorities and measurable business, clinical, and financial outcomes. Identifies and executes initiatives that enhance product efficiency, scalability, and competitiveness within the product portfolio and leads and mentors product managers, analysts, and cross‑functional project teams.  (25%)
• Product Development & Lifecycle Management: Conducts market, customer, and competitive analyses to drive innovation and inform product differentiation, pricing, and long‑term growth opportunities across assigned product areas, including service, digital, and hybrid. Oversees the full product lifecycle, from concept and validation through launch, optimization, and retirement, ensuring clarity, discipline, and strategic alignment. Develops and maintains core product artifacts, including business cases, requirements, project plans, and implementation materials, that support consistent, repeatable execution. Ensures all products and services meet regulatory, accreditation, and payer requirements. (30%)
• Cross-Functional Collaboration & Execution: Serves as a key product liaison across the organization, leading and providing strategic direction to multidisciplinary teams to ensure unified launch and execution of product strategies and initiatives.  Leads multidisciplinary teams by providing strategic direction, resolving cross‑functional barriers, and ensuring alignment around priorities, timelines, and outcomes. Influences decision‑making across a complex matrix environment by driving clarity, facilitating consensus, and ensuring stakeholders remain aligned to product goals and enterprise priorities.  (30%)
• Performance Measurement & Data Insights: Establishes and monitors product performance metrics, dashboards, market feedback and evaluation mechanisms to measure business, clinical, and financial impact to identify improvement opportunities and inform future enhancements or strategic pivots. Delivers clear, actionable insights and presentations to leadership that translate product performance into recommendations guiding prioritization and planning. (15%)

The job duties listed above are representative and not intended to be all-inclusive of what may be expected of an employee assigned to this job. A leader may assign additional or other duties which would align with the intent of this job, without revision to the job description.

Other Job Requirements

Responsibilities

Bachelor's degree in business, healthcare administration, psychology, public health, product management or related.
10+ years' experience in product development.
Proven ability to lead cross‑functional teams and manage complex initiatives.
Strong strategic thinking, analytical, and decision‑making skills.
Excellent communication and stakeholder management abilities.
Knowledge of customer and patient‑centered design.
Experience with data‑informed decision making.
Strong change management and execution skills.

General Job Information

Title

Principal Product Development Manager

Grade

29

Work Experience - Required

Product Innovation/Development

Work Experience - Preferred

Education - Required

Bachelor's

Education - Preferred

Master's

License and Certifications - Required

License and Certifications - Preferred

Salary Range

Salary Minimum:

$93,955

Salary Maximum:

$159,725

This information reflects the anticipated base salary range for this position based on current national data. Minimums and maximums may vary based on location. Actual pay will be adjusted based on an individual's skills, experience, education, and other job-related factors permitted by law.

This position may be eligible for short-term incentives as well as a comprehensive benefits package. Magellan offers a broad range of health, life, voluntary and other benefits and perks that enhance your physical, mental, emotional and financial wellbeing.

Magellan Health, Inc. is proud to be an Equal Opportunity Employer and a Tobacco-free workplace. EOE/M/F/Vet/Disabled.
Every employee must understand, comply with and attest to the security responsibilities and security controls unique to their position; and comply with all applicable legal, regulatory, and contractual requirements and internal policies and procedures.