Rafael Aleksandryan, Product Manager in Chicago, United States
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Rafael Aleksandryan

Verified Expert  in Product Management

Product Manager

Location
Chicago, United States
Toptal Member Since
November 6, 2020

Rafael is a passionate product strategist, manager, and entrepreneur who loves data and creative problem-solving. His ethos is do less and deliver more, and he always focuses on moving the needle. Rafael has consulted on product revenues ranging from $3-$800 million. In his last role, he grew product area revenues by 25%, scaled a subscription add-on product to +$1 million in revenue, and led the team responsible for 33% of company revenues. His last company had a $1 billion IPO in August 2019.

Work Experience

Product Director

2021 - 2022
Paro
  • Led product development as it related to the expert side of the platform.
  • Launched a new expert dashboard and productionized underlying ML APIs.
  • Increased top-of-funnel conversion by 100% by deprecating the legacy signup process.
  • Coached and managed product analysts to help define their growth goals.

Senior Product Manager

2018 - 2019
Phreesia
  • Oversaw a payment revenue increase of +25% and transaction growth of +20%.
  • Deployed new features resulting in a 90% increase in revenue, savings of $500,000/year, and a 5-10% increase in subcategory collections.
  • Led the creation and design of new REST APIs to allow strategic partners to leverage Phreesia capabilities.
  • Closed 44 critical/major bugs, leading to a mass stabilization of the product and reduced customer complaints.
  • Established and maintained strategic partnerships with 12 different partners and vendors.
  • Developed 3-6 month roadmaps and a product vision for healthcare payments.
  • Led SaaS Add-On subscription feature to 100% ARR growth.

Product Manager

2017 - 2018
Worldpay
  • Led a cross-functional team of developers, UI/UX designers, QA, and project management to develop a new B2B eCommerce product from ideation to go-to-market for an annual projected processing volume of $650 million.
  • Drove go-to-market for onboarding, pricing, sales and marketing, and customer support.
  • Developed wireframes and low-fidelity mock-ups to assist developers and designers in generating prototypes and MVPs.
  • Determined feature viability and desirability via user testing/focus groups and market analysis in cooperation with UI and UX designers.

Product Manager

2014 - 2017
Argon Digital
  • Delivered web-based and mobile B2C and B2B eCommerce and internal software solutions such as search, price quoting, time approval, special pricing, social media, and financial modeling, to name a few.
  • Delivered features resulting in a projected 25% YoY revenue and $20 million+ increased revenue in retail eCommerce.
  • Launched a sales enablement tool that raised US revenue by $25 million in 2016 with a 500% ROI in year one.
  • Wrote user, business, design, functional, and non-functional software requirements.
  • Developed visual models (business process, data flows, ecosystem maps) to understand the business problem scope (new MVP, business process automation, etc.).
  • Collaborated with business stakeholders to convert business needs into software requirements.
  • Developed financial models to predict the viability of product features or product initiatives.

Director of Business Development and External Relations

2012 - 2013
AIESEC in Belgium
  • Led business development for the organization, closed over 15 national contracts.
  • Launched new product offerings to diversify the brand, with new offerings comprising 15% of revenue in the first year.
  • Managed the P&L and selling process, increasing national contracts by over 100% achieving over 75,000 euros in new sales.
  • Consulted and coached local-level subsidiaries to help increase efficiency of operations, achieving 25% local subsidiary growth.

B2B and B2C eCommerce Search For a Major Fortune 500 Company

Led feature development as a consultant for a large software and hardware company (over $30 billion market cap) with the product having attributed revenues of over $800 million for their consumer and business-focused eCommerce search engine.

The client's eCommerce search engine (similar to Amazon) had scaled significantly. However, there were challenges in delivering incremental value. The product was used internally and externally, and the development of both product areas was managed by myself and a junior consultant.

I doubled the pace of feature development and experimentation during the initial project scope, leading to new features that increased the revenue per visit by over 20% and netted $25 million during my tenure.

One such feature leveraged an existing loyalty program to increase RPV by over 10%.

Greenfield Digital Hosted Payments Page

Led the development of a digital payments page from zero to launching a lean MVP with beta partners for annualized projected processing volume of more than $500 million.

I led a newly formed team using a "Jobs-to-Be-Done" framework, identifying a market gap in the digital payments space in the mid-market independent software vendor space. My team and I built a product from zero in three and a half months, allowing customers to embed a modern payment solution using an Angular and .NET framework within their web applications.

Digital Healthcare Pre-payments

Led the ideation, design, development, and go-to-market for an innovative approach to pre-payment in healthcare. This resulted in a significant improvement to the overall user experience and an increase in collections of 5-10%.

In healthcare, credit card brands restrict the ability to make a pre-authorization due to category restrictions. This forces most healthcare providers to require in-person payments when there is an immediate patient obligation related to a visit. As a result, even when patients would fill out all of their pre-visit information before an appointment, they would still need to pay in person.

Our solution was developed to address the under-served customer need for both the patient and doctors office. We developed a new approach that allowed us to automatically collect on the necessary funds without further user or provider intervention, resulting in a significant improvement to the consumer experience and increasing the efficiency of in-office staff by removing the need to collect payment.

Business Process Optimization and User Journey Mapping

Created an end-to-end business process and user journey map for a dual-sided healthcare marketplace technology company and provided prioritized recommendations on initial areas for targeting/optimization.

During multi-faceted product management and consultancy engagement, I focused on identifying where customers and employees were spending the most unnecessary time.

With this information, we developed a prioritized roadmap to allow for the rapid scaling of the organization while increasing organizational gross margin.

Market Research and Competitor Analysis

The client utilized presentation decks and a database of competitor research for investor pitches. Assets created included a competitor gap analysis, SWOT, charting competitors along a Kano curve, several potential business model enhancements, etc.

The client was managing two main goals: to understand their existing competitors and to comprehend the potential for the creation of a spinoff company in the fintech space. I conducted market research for both and subsequently created several presentations and a research database to allow for better decision-making. During investment presentations, the client used these presentations to highlight their strength against their competitors.

Rooftop Solar Business Analysis, Process Optimization, and Technology Overhaul

Provided the client with a path towards significant savings by optimizing their business process, recommending and beginning implementation of a BPO tool (ServiceNow type product), and identifying their current workflows.

Our client was a rooftop solar utility (leasing solar roofs) and was experiencing losses on their projects due to inefficiency. My consultancy entered to identify where the fat was and how we could better optimize to reduce cost and/or increase revenue to increase gross margin. We successfully completed the project and provided the client with a series of assets documenting their processes and recommendations on how to improve. Subsequently, we were engaged in implementing a BPO solution.
2009 - 2014

Bachelor of Business Administration Degree (BBA) in Finance (Investment/Banking) and Marketing

University of Wisconsin-Madison - Madison, Wisconsin, USA

JUNE 2017 - PRESENT

Product Management Pathway Certification

Emergn

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