Product Manager, Upstream
5 days ago
OrganOx seeks a motivated Product Manager, Upstream to join our team in Madison, NJ.
We offer competitive compensation and comprehensive benefits, including estimated salary $130,000.00 annually, based on local market rates for the North America location.
Job OverviewIn this role, you will report to Global Director of Marketing and have global responsibility for product marketing deliverables for new products from opportunity assessment through product development and commercial launch.
You will build business cases and define project scope for new products supporting our business goals by understanding our markets, customers, and competitors.
This position requires collaboration with R&D and marketing teams to translate customer requirements into meaningful product features and negotiate trade-offs necessary to meet technical requirements.
- Design market research and intelligence strategies to drive portfolio development decisions
- Effectively collaborate with R&D teams and leadership to drive prioritization and progress of development efforts
- Monitors and manages business performance for assigned product portfolio including global revenue and margin analysis, market trends and drivers, and global forecasting for new products
The ideal candidate will have 7+ years of professional experience in marketing, engineering, or healthcare and 3+ years upstream marketing and/or product development experience in medical devices.
Key Responsibilities- Primary responsibilities include product development initiatives which support our marketing strategies and initiatives, providing voice of business, voice of customer, and developing customer requirements through direct engagement with our customers and commercial teams.
- Collaborate with R&D and marketing to translate customer requirements into meaningful product features and negotiate trade-offs necessary to meet technical requirements.
- Design market research and intelligence strategies to drive portfolio development decisions
- Effectively collaborate with R&D teams and leadership to drive prioritization and progress of development efforts
- Monitors and manages business performance for assigned product portfolio including global revenue and margin analysis, market trends and drivers, and global forecasting for new products
- Responsible for lifecycle management including market concept, product launch readiness, product stability, and end-of-life
- Develop and execute the product roadmap strategy including identification of new products, product enhancements, and end-of-life actions
- Identify and create opportunity assessments including in-depth business case analysis, financial modeling, and strategic prioritization for new pipeline projects in alignment with strategic plans
- Define global customer needs and feature requirements for future products and assist in the development of long-range product plans
- Develop, maintain, and grow relationships with our commercial teams, key customers, and key opinion leaders
- Partner with key thought leaders to anticipate the future market environment and unmet needs
- Evaluate cost reduction initiatives and SKU management for product(s) and product stewardship
- Evaluate and recommend market opportunities for future product(s) in the portfolio
- Demonstrates a primary commitment to patient safety and product quality
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