Director of Strategic Portfolio Management

3 days ago

Alameda, California, United States Abbott Full time

About Abbott

Abbott is a global healthcare leader that helps people live more fully at all stages of life. Our portfolio of life-changing technologies spans the spectrum of healthcare, with leading businesses and products in diagnostics, medical devices, nutritionals and branded generic medicines. Our 114,000 colleagues serve people in more than 160 countries.

Job Description

At Abbott, you can do work that matters, grow, and learn, care for yourself and family, be your true self and live a full life. You'll also have access to:

  • Career Development: Grow the career you dream of with an international company.
  • Free Medical Coverage: Enjoy free medical coverage for employees via the Health Investment Plan (HIP) PPO.
  • Retirement Savings Plan: Enjoy an excellent retirement savings plan with high employer contribution.
  • Tuition Reimbursement: Get tuition reimbursement, the Freedom 2 Save student debt program and FreeU education benefit - an affordable and convenient path to getting a bachelor's degree.
  • Great Place to Work: Work for a company recognized as a great place to work in dozens of countries around the world and named one of the most admired companies in the world by Fortune.
  • Best Place to Work: Work for a company that is recognized as one of the best big companies to work for as well as a best place to work for diversity, working mothers, female executives, and scientists.

Job Summary

The Director of Strategy and Portfolio Management is a key leadership role focused on shaping and driving the strategic direction of the company's product portfolio in North America. This role involves leading the development and execution of both long-term and short-term strategies, ensuring cross-functional alignment, and overseeing the entire product lifecycle from a commercial perspective.

Key Responsibilities

  • Strategic Planning: Lead the formulation and execution of the Strategic plan, ensuring alignment with the company's overarching business objectives and market opportunities.
  • Tactical Strategy Implementation: Lead the tactical/execution Plan process across all relevant functions, ensuring that departmental efforts are aligned and contribute to the overall strategic goals.
  • Portfolio Strategy Management: Manage the product portfolio's lifecycle, from strategic planning of new product introductions to the phase-out of end-of-life products, ensuring that all decisions are aligned and contribute to market leadership.
  • Cross-Functional Alignment: Drive collaboration across functions (Marketing, Sales, and Market Access) to ensure all strategic initiatives are integrated across the organization, including scenario planning, competitive analysis, and risk mitigation.
  • Scenario Planning & Strategic Risk Management: Lead scenario planning efforts and identify strategic risks, developing mitigation strategies to ensure portfolio decisions are resilient and forward-looking.
  • Commercial Understanding: Demonstrate an understanding of business drivers and influence them to achieve flawless execution. Understand customer needs and operations. Incorporate consumer and customer insights and trends into strategy and tactics.
  • Commercial Leadership: Act as a consultant to Sales, Market access and Marketing Directors on appropriate commercial strategies. Serve as the lead with the Global PMO team on commercial portfolio strategies.
  • Building and Leading Teams: Promote cross-functional understanding between Sales, Marketing, and market access teams. Achieve results through effective team leadership rather than individual effort. Demonstrate a record of successful talent development through direct or indirect reporting relationships. Proactively manage talent and create development opportunities.

Requirements

  • University Degree: University degree required in business/scientific-related disciplines; MBA strongly preferred due to the business complexity of the position.
  • Commercial Experience: Approximately 8-10 years of experience with a successful track record in leading commercial functions, including people management.
  • Previous Assignments: Previous assignments in Commercial or Sales are essential in the healthcare sector.
  • CPG and FMCG Experience: CPG (Consumer packaged goods) and FMCG (fast moving consumer goods) marketing experience is valued.
  • Commercial Skills: Commercial experience with proven track record developing and implementing complex strategic business plans, tactics and managing financials.
  • Analytical Skills: Strong analytical skills: ability to analyze data from a wide range of internal and external sources and translate these into powerful insights for Strategic decisions and tactical focus.
  • Financial Skills: Strong financial skills are ideal.
  • Project Management: Cross-functional/divisional project management experience is critical.
  • Change Management: Experience in leading change management processes and building strategic/contingency plans in times of uncertainty.
  • Communication Skills: Excellent presentation, communication, and motivational skills.
  • Interpersonal Skills: Exceptional interpersonal skills for collaboration across functions; outstanding communication and presentation abilities.
  • Talent Development: Demonstrated ability to motivate, focus, and lead a diverse group of people and develop talent across organizational levels.

Reporting to

Senior Commercial Director, North America

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