Job Description
As a Product Development Manager, you will work collaboratively with a cross functional team to develop new items, update existing items and facilitate the development of new brands in order to achieve front store sales and margin goals. The Product Development Manager partners with the QA/Regulatory division to ensure compliance and internal requirements, related to product, formulations and factory operations are being met as well make sure that all SB products are safe for our customers and live up to the label claims that we are stating on our packaging. The Product development Manager position is also responsible for Selecting suppliers, managing brokers, negotiating cost of goods, creating all inner and outer packaging for the new items with the suppliers, and acting as point of contact for inventory partners; aiding all cross functional partners in completing their tasks for a successful on time product launches.
On the Store Brand Team, you will be part of a cross functional team that is leading the path to delivers innovation and technology in all categories within our store and will be helping our customers on their path to better health.
Additional responsibilities of the Product Development Manager include:
-Spearheading product availability issues with suppliers and Inventory Management team
- Managing relationships with current suppliers and potential new suppliers on designated categories
- Ensuring new items, refreshes and product updates are executed on time with the aid of Project Managers
-Collaborating effectively with internal and external partners to ensure all projects meet our protocols (Innovation, legal, quality, inventory, brand, creative, packaging, quality assurance, regulatory, UL, Marks, Store Operations, RISD and logistics)
- Collaborates with CPI team and is the face of the negotiations with the supplier community
- Manages the current assortment of SB product in assigned categories: ensuring communication on supplier switches, factory changes, specification updates, structure of packaging changes, etc.
This role is based in our Woonsocket, RI office. You must be willing to relocate if not local.
Required Qualifications
*5+ years of retail, product development experience with a strong understanding of the Retail/Consumer products industry, merchandising principles and customer experience
* 5+ years of experience utilizing business analytics (IRI data analysis, ROI, P&L;, financial scenario planning, etc.) to build strong business cases
*5+ years of experience managing multiple projects
Preferred Qualifications
* Consulting or Product Innovation experience a strong plus but not mandatory
* Strong influencing skills both oral and written, underpinned by sound analytical capability
* Ability to derive insights by leveraging customer research, empirical data and analytics and to develop structured hypotheses, even when data is incomplete or imperfect
* The successful candidate has strong project management skills and must be able to manage multiple tasks and projects simultaneously, own deliverables end to end, prioritize workload effectively, and thrive in a dynamic environment.
* Must be willing and able to jump in and get hands dirty with detail when necessary
Excellent communicator, both verbal and written, with the ability to influence VP/Senior Directors and think on his/her feet. Keen ability to distill complex ideas into simpler frameworks and illustrations
Education
*Bachelors degree required
Business Overview
At CVS Health, we are joined in a common purpose: helping people on their path to better health. We are working to transform health care through innovations that make quality care more accessible, easier to use, less expensive and patient-focused. Working together and organizing around the individual, we are pioneering a new approach to total health that puts people at the heart.
We strive to promote and sustain a culture of diversity, inclusion and belonging every day. CVS Health is an equal opportunity and affirmative action employer. We do not discriminate in recruiting, hiring or promotion based on race, ethnicity, sex/gender, sexual orientation, gender identity or expression, age, disability or protected veteran status or on any other basis or characteristic prohibited by applicable federal, state, or local law. We proudly support and encourage people with military experience (active, veterans, reservists and National Guard) as well as military spouses to apply for CVS Health job opportunities.
Hartford, CT
Aetna Inc. operates as a health care benefits company in the United States. It operates through three segments: Health Care, Group Insurance, and Large Case Pensions. The Health Care segment offers medical, pharmacy benefit management service, dental, behavioral health, and vision plans on an insured and employer-funded basis. It also provides point-of-service, preferred provider organization, health maintenance organization, and indemnity benefit plans, as well as health savings accounts and consumer-directed health plans.
In addition, this segment offers Medicare and Medicaid products and services, as well as other medical products, such as medical management and data analytics services, medical stop loss insurance, workers’ compensation administrative services, and products that provide access to its provider networks in select geographies. The Group Insurance segment offers life insurance products, including group term life insurance, voluntary spouse and dependent term life insurance, group universal life insurance, and accidental death and dismemberment insurance; disability insurance products; and long-term care insurance products, which provide the benefits to cover the cost of care in private home settings, adult day care, assisted living, or nursing facilities.
The Large Case Pensions segment manages various retirement products comprising pension and annuity products primarily for tax-qualified pension plans. The company provides its products and services to employer groups, individuals, college students, part-time and hourly workers, health plans, health care providers, governmental units, government-sponsored plans, labor groups, and expatriates. Aetna Inc. was founded in 1853 and is based in Hartford, Connecticut. As of November 28, 2018, Aetna Inc. operates as a subsidiary of CVS Pharmacy, Inc.