Product Development Senior Manager-Store Brands

Product Development Manager

At CVS Health, we're building a world of health around every consumer and surrounding ourselves with dedicated colleagues who are passionate about transforming health care.

As the nation's leading health solutions company, we reach millions of Americans through our local presence, digital channels and more than 300,000 purpose-driven colleagues caring for people where, when and how they choose in a way that is uniquely more connected, more convenient and more compassionate. And we do it all with heart, each and every day.

The Product Development Manager collaborates cross-functionally and holds key accountability in the following areas:

• Quality Assurance and Regulatory Affairs: Partner with CVS teams to ensure product, formulation, and factory compliance with internal standards and external regulations.
• Packaging, Brand, Business, and Consumer Experience Teams: Engage with cross-functional teams throughout the product lifecycle to ensure success through the core tenets of merchandising product, price, place and promotion.
• Supplier Management: Oversee vendor selection and relationship management, with strategic negotiations as a core responsibility.
• Inventory and Supply Chain: Serve as a primary liaison to maintain consistent product availability and resolve supply-related challenges.
• Category Management: Act as the principal partner in driving business performance and aligning product development with category strategies.

Essential Qualifications and Functions:

The successful candidate will have a strong work ethic, an entrepreneurial mindset, business savvy, curiosity and the ability to be highly productive in a dynamic, fast paced, collaborative environment balancing multiple priorities. Will accept education equivalent contributing to the years of professional experience detailed below:

• At least 3-5 years of retail and/or product development experience with a strong understanding of the retail model, Consumer Packaged Goods industry, merchandising principles and delivering to customer needs.
• 3+ years experience utilizing business analytics and core retail data platforms (market data, business case, P&L, etc.).
• At least 5-8 years retail category management, CPG product development, product lifecycle management, or product brand management experience.
• 3+ years effectively negotiating and managing supplier/costing relationships.
• Proven track record of successfully using communication tools, data, and business case frameworks to influence others with and without implicit authority.
• Excellent communicator, both verbal and written, up to the executive leadership level.
• Keen ability to distill complex ideas into simpler frameworks and illustrations.
• Ability to derive insights and develop structured hypotheses by leveraging sales and market information, trends, customer research, empirical data.
• A successful candidate will have strong attention to detail 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.
• Ability to operate with little oversight required with high level of accuracy and high-quality deliverables by deadlines.
• Leverages a continual improvement mindset to create simplicity and improve the colleague and customer experience
• Strong interpersonal skills and ability to build trust amongst colleagues as demonstrated by successful collaboration to achieve shared goals
• Regular and reliable attendance during normal working hours as established by the leader, currently 3 days/week in office
• Proficient to Advanced skillset in Microsoft Office Suite.
• Execute additional tasks as directed by supervisor or manager.
• Travel requirements up to 10% travel expected.

Preferred Qualifications:

• Related product segment experience (Beauty & Personal Care or Consumables)
• Experience with MS Co-Pilot or similar AI platforms
• Experience Managing P&L or other financial frameworks
• Previous experience managing a team or direct reports, ability to mentor subordinates
• Education: Bachelor's degree required

Pay Range

The typical pay range for this role is:

$82,940.00 - $182,549.00

This pay range represents the base hourly rate or base annual full-time salary for all positions in the job grade within which this position falls. The actual base salary offer will depend on a variety of factors including experience, education, geography and other relevant factors. This position is eligible for a CVS Health bonus, commission or short-term incentive program in addition to the base pay range listed above. This position also includes an award target in the company's equity award program.

Our people fuel our future. Our teams reflect the customers, patients, members and communities we serve and we are committed to fostering a workplace where every colleague feels valued and that they belong.

Great benefits for great people

We take pride in our comprehensive and competitive mix of pay and benefits investing in the physical, emotional and financial wellness of our colleagues and their families to help them be the healthiest they can be. In addition to our competitive wages, our great benefits include:

• Affordable medical plan options, a 401(k) plan (including matching company contributions), and an employee stock purchase plan.
• No-cost programs for all colleagues including wellness screenings, tobacco cessation and weight management programs, confidential counseling and financial coaching.
• Benefit solutions that address the different needs and preferences of our colleagues including paid time off, flexible work schedules, family leave, dependent care resources, colleague assistance programs, tuition assistance, retiree medical access and many other benefits depending on eligibility.