Full-Time Monetization/Revenue Product Manager

Company Overview:At Function Health, our mission is to revolutionize healthcare by making comprehensive health insights and personalized care accessible to all. Recognized as one of Fast Company's Most Innovative Companies of 2024, we are committed to excellence in the health technology sector. Venture-backed by top VC fund Andreessen Horowitz (a16z), we are growing our team with a hiring north star that guides us to seek out and cultivate talent that is not only technically excellent but also passionately aligned with our goal to innovate and empower.We seek individuals eager to make a significant impact on global health, with a relentless bias toward action and a growth mindset. In our collaborative and dynamic environment, we build our future together, focusing on a shared commitment to transforming lives through new technologies.

Role:We are seeking a confident, competent, and gritty Product Manager to join our dynamic team. As a PM at Function, you'll be part of a team that's dedicated to using technology to improve healthcare. You'll work on a cutting-edge platform that enables our members to access their health data in real-time, and you'll be challenged to make a difference in people's lives.

Key Responsibilities:

• Develop and Implement Monetization Strategies: Create comprehensive strategies to enhance product revenue streams through innovative pricing, subscription models, and in-app purchases. Ensure strategies are robustly executed across all relevant platforms, directly contributing to the company's financial goals.
• Enhance Monetization Features: Lead the design and refinement of product features that drive revenue. This includes the integration of new payment options, the introduction of tiered service models, and the optimization of in-app purchasing systems to improve user conversion rates and overall spend.
• Monetization Data Analysis: Utilize data analytics to monitor, track, and optimize monetization efforts. Conduct deep-dive analyses on user spending behaviors, identify revenue trends, and adapt strategies to maximize profitability.
• Product Communication for Revenue Optimization: Develop targeted communication strategies to promote monetization features effectively. Craft compelling in-product messages, promotional emails, and marketing campaigns designed to convert free users into paying customers and to encourage upsells among existing customers.
• Cross-Functional Leadership for Revenue Growth: Work closely with teams across the organization—including product development, marketing, customer success, and finance—to align efforts and drive successful implementation of monetization tactics. Lead cross-functional initiatives to ensure cohesive product offerings and maximize revenue impact.
• Market and Competitive Insight: Regularly assess the competitive landscape and market conditions to inform pricing and monetization strategies. Incorporate insights into product development to maintain competitive advantage and meet market demands.

Qualifications/Skills:5+ years of direct experience in monetization aspects of product management, with a proven track record of developing and executing innovative revenue generation strategies from inception to scale. - including the successful introduction and management of various pricing models, subscriptions, and in-app purchases across different products.Demonstrated success in a metrics-driven environment focused on revenue metrics. Emphasis of a deep involvement in designing and leading robust experimentation and A/B testing processes specifically aimed at increasing revenue, optimizing pricing strategies, and enhancing overall monetization efforts.Engage directly with engineering leadership and fellow engineers to spearhead high-impact projects. Your involvement will be critical, ensuring that every initiative you touch not only progresses smoothly but also significantly advances our objectives.Demonstrable ownership of revenue generation domains with quantifiable results in increasing revenue streams, such as improved ARPU (Average Revenue Per User), conversion rates of paid users, and overall revenue uplift.Possess the ability to communicate clearly and directly, eliminating any ambiguity about goals and expectations. Your commitment to clarity will facilitate efficient collaboration and alignment across teams.Harbor a genuine passion for enhancing people's lives and empowering them to take control of their health. This passion should be the driving force behind your work, inspiring innovative solutions that meet our users' needs.

To be a strong fit you also need:

• Bias Toward Action: Demonstrated ability to take initiative, make decisions under uncertainty, and move projects forward even in the face of ambiguity. We value individuals who are self-starters and ready to act on opportunities and challenges alike.
• Entrepreneurial Spirit: Strong adaptability to changing business needs with a knack for building and optimizing processes. Your entrepreneurial mindset will be crucial in navigating the dynamic landscape of our industry, ensuring our platform remains competitive and responsive to user needs.
• Communication: Excellent communication skills, capable of explaining complex technical concepts to non-technical stakeholders. Effective communication is vital for cross-functional collaboration and ensuring alignment across our organization.
• Remote Work Adaptability: Comfort with remote work environments, demonstrating the ability to stay productive and connected with the team irrespective of physical location.
• Continuous Improvement: A willingness to question assumptions and a commitment to continuous improvement. Your openness to feedback and dedication to personal and professional growth will contribute significantly to our collective success.

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