Principal, Product Manager

Exemption Status:

United States of America (Exempt)

Exemption Status:

$114,622 - $160,472 - $206,321

“Pay scale information is not necessarily reflective of actual compensation that may be earned, nor a promise of any specific pay for any selected candidate or employee, which is always dependent on actual experience, education, qualifications, and other factors.  A full review of our comprehensive pay and benefits will be discussed at the offer stage with the selected candidate.”

We don’t just help our clients manage 340B — we simplify it and drive to deliver. SunRx was founded in 2006 with a single mission: to transform our client’s experiences and financial outcomes through relentless pursuit of knowledge and innovative healthcare services to help our clients focus on what matters most to you — improving care and medication access for low-income, rural, and vulnerable patients.

Job Description

Summary

The Principal Product Manager is responsible for managing highly visible projects for assigned products, applications, and services. Working in close partnership with functional business leadership, contributes to the development of the business strategy and subsequently translates that business strategy into product strategies, product development roadmaps and product requirements and specifications that: deliver value to the customer; meet the business operational and financial goals; and provide for the technology solutions, processes and other capabilities needed to scale the business. 

Essential Duties and Responsibilities include the following. Other duties may be assigned.

• Define and drive the strategic roadmap for the organization’s 340B solutions, aligning technology investments with client needs, regulatory requirements, and market opportunities.
• Serve as the primary product leader responsible for prioritizing enhancements that improve our 340B product offering capabilities, program flexibility, client onboarding efficiency, and operational performance.
• Identify opportunities to expand our 340B capabilities, including support for new related products and evolving 340B Market requirements.
• Act as a senior product strategist within Agile/Scrum teams, managing product backlogs and ensuring that requirements are well defined, prioritized, and aligned with strategic objectives.
• Partner closely with engineering leadership to drive development throughput, remove delivery obstacles, and ensure high-quality releases.
• Provide oversight and guidance to other Product Managers and Business Systems Analysts contributing to the 340B product roadmap.
• Support the successful implementation and onboarding of new 340B clients utilizing MedImpact systems and solutions, ensuring system configuration, workflows, and data requirements are properly defined.
• Collaborate with implementation teams to translate client requirements into scalable product capabilities rather than one-off custom solutions whenever possible.
• Ensure the 340B systems and solutions support smooth transitions from implementation into ongoing operational production environments. Ensure the product roadmap reflects both client needs and internal operational optimization opportunities.
• Work closely with compliance, finance, and operations teams to ensure system capabilities align with client and industry requirements and evolving federal, state and manufacturer policies.
• Engage with 340B clients, industry groups, and internal stakeholders to stay informed about evolving 340B program requirements and industry trends.
• Contribute to pre-sales discussions and RFP responses by providing product and technical insight when requested.

Supervisory Responsibilities        

No supervisory responsibilities

                                   

Client Responsibilities

This is an internal and external client facing position that requires excellent customer service skills and interpersonal communication skills (listening/verbal/written). One must be able to; manage difficult or emotional client situations; Respond promptly to client needs; Solicit client feedback to improve service; Respond to requests for service and assistance from clients; Meet commitments to clients.

Qualifications

To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. The requirements listed below are representative of the knowledge, skill, and/or ability required. Reasonable accommodation may be made to enable individuals with disabilities to perform the essential functions.

Education and/or Experience

BA/BS Degree; 8+ years related experience and 8+ years of SME in respective area(s); (or equivalent combination of education and experience).

Computer Skills

Strong proficiency with MS Office / Word, PowerPoint, Excel, Visio and Outlook to create complex documents, manage schedules, and analyze data.  Experience with Microsoft project management tools preferred.  Working knowledge of key business applications such as SQL and SalesForce.

Certificates, Licenses, Registrations

Project Management Professional (PMP) Certification preferred.

Other Skills and Abilities

• Ability to effectively recognize complex problems and apply analytic and critical thinking skills to innovate solutions. 
• Ability to exercise sound judgment and decision-making.
• Ability to collaborate on cross-functional projects and liaise with stakeholders on both the business and IT divisions of the organization.
• Ability to define requirements and prepare and maintain detailed product/project plans and related financial analysis.
• Demonstrated ability to positively interact with clients, and staff of all levels, a willingness to take accountability for achieving service commitments and a demonstrated ability to achieve results.
• Deep understanding of the 340B market including claims capture logic, pharmacy switch data, and manufacturer reporting requirements

Reasoning Ability

• Ability to solve practical problems and deal with a variety of concrete variables in situations where only limited standardization exists.

• Ability to interpret an extensive variety of technical instructions in mathematical or diagram form and deal with several abstract and concrete variables.

Mathematical Skills

•  Ability to work with mathematical concepts such as probability and statistical inference, and fundamentals of plane and solid geometry and trigonometry. 

• Ability to calculate figures and amounts such as discounts, interest, commissions, proportions, percentages, area, circumference, and volume.  Ability to apply concepts of basic algebra and geometry.

Language Skills    

• Ability to respond to common inquiries or complaints from customers, regulatory agencies, or members of the business community.

• Ability to read, analyze, and interpret the most complex documents.   

Competencies To perform the job successfully, an individual should demonstrate the following competencies:

• Business Acumen
• Directing Others
• Organizational Agility
• Conflict Management
• Drive for Results
• Political Savvy
• Customer Focus
• Innovation Management
• Strategic Agility
• Decision Quality
• Managerial Courage

Physical Demands

The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this job. Reasonable accommodation may be made to enable individuals with disabilities to perform the essential functions.

While performing the duties of this job, the employee is regularly required to sit and talk or hear. The employee is regularly required to stand; walk; use hands to finger, handle, or feel and reach with hands and arms. The employee must occasionally lift and/or move up to 25 pounds. Ability to maintain clear near visual acuity at approximately 20 inches or less (i.e., “close vision”) to accurately read fine print, view computer screens, and handle small objects. Requires adequate color vision and depth perception to support safety and precision in detail-oriented tasks.

Work Environment

The work environment characteristics described here are representative of those an employee encounters while performing the essential functions of this job. Reasonable accommodation may be made to enable individuals with disabilities to perform the essential functions.

This position may regularly be exposed to or encounter moving mechanical parts, high, precarious places, fumes, or airborne particles, toxic or caustic chemicals, outdoor weather conditions, risk of electrical shock or vibration. The noise level in the work environment is usually moderate (examples: business office with computers and printers, light traffic).

Work Location

This position works from a remote location. Must provide adequate support to internal clients; be available for regular interactions and coordination of work with other employees, colleagues, clients, or vendors; as well as be available to facilitate effective decisions through collaboration with stakeholders.

Working Hours

This is an exempt level position requiring the incumbent to work the hours required to fully accomplish job responsibilities and meet deadlines for work deliverables. The individual must have the flexibility to work beyond traditional hours and be able to work nights, weekends or on holidays as required. Work hours may be changed from time to time to meet the needs of the business. Typical core business hours are Monday through Friday from 8:00am to 5:00pm.

Travel

This position requires no travel; however, attendance may be required at various local conferences and meetings.

The Perks:

• Medical / Dental / Vision / Wellness Programs

• Paid Time Off / Company Paid Holidays

• Incentive Compensation

• 401K with Company match

• Life and Disability Insurance

• Tuition Reimbursement

• Employee Referral Bonus

SunRx is a 340B third-party administrator that delivers complete 340B solutions to simplify administration, support compliance and optimize savings for covered entities. Powered by innovative technology and high-touch service, our solutions eliminate complexity and streamline 340B so covered entities can focus on providing quality care.

Equal Opportunity Employer, Male/Female/Disabilities/Veterans/OSHA/ADA:

To perform this job successfully, the successful candidate must be able to perform each essential duty satisfactorily. The requirements listed are representative of the knowledge, skill, and/or ability required. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

Disclaimer:

The above statements are intended to describe the general nature and level of work being performed by people assigned to this classification. They are not intended to be construed as an exhaustive list of all responsibilities, duties, and skills required of personnel so classified.