Senior Vice President of Product Strategy

2 weeks ago

New York, New York, United States IPG Health Full time

JOB SUMMARY:

The Senior Vice President of Product Strategy at IPG Health is responsible for shaping the organization's approach to product management, ensuring it aligns with both business goals and market dynamics. This role entails overseeing the product portfolio, managing resource distribution, budgeting, and evaluating project outcomes through key performance indicators. The individual will lead a team, fostering a culture of excellence and compliance with regulatory standards. Key responsibilities include assessing project proposals, building stakeholder relationships, and driving change management initiatives. This leader focuses on strategic direction, portfolio oversight, team leadership, and effective communication to ensure successful project delivery in a collaborative environment.

ESSENTIAL FUNCTIONS:

  • Portfolio Oversight: Manage the product portfolio to ensure it aligns with strategic objectives, resource distribution, and prioritization.
  • Leadership Development: Recruit, mentor, and guide a team of product managers and coordinators, promoting a culture of excellence and continuous improvement.
  • Stakeholder Engagement: Cultivate and maintain relationships with stakeholders to ensure project outcomes meet business objectives.

JOB DUTIES/RESPONSIBILITIES:

Strategic Development:

  • Formulate and implement the product management strategy in alignment with business goals.
  • Regularly evaluate project portfolios to ensure they remain aligned with changing business strategies and market conditions.

Portfolio Management:

  • Oversee product engagements, ensuring alignment with strategic priorities and resource allocation.
  • Optimize resource allocation for efficient project execution.
  • Identify and mitigate project risks while developing contingency plans.
  • Establish and uphold quality standards and processes.
  • Manage project budgets, monitoring expenses and financial outcomes.
  • Define and track key performance indicators (KPIs) to evaluate project success.
  • Adapt project management methodologies as necessary.
  • Address project challenges and conflicts promptly.
  • Maintain comprehensive project documentation.

Team Leadership:

  • Recruit, mentor, and lead a team of product managers and coordinators.
  • Invest in the professional development of team members.
  • Anticipate future resource needs and collaborate with HR.
  • Encourage a culture of continuous learning and improvement.
  • Ensure compliance with regulatory requirements and industry standards.
  • Utilize project management software and tools effectively.

Project Initiation:

  • Assess project proposals, defining scopes, objectives, and success criteria while securing necessary approvals.

Stakeholder Communication:

  • Develop strong relationships with stakeholders, ensuring effective communication.
  • Present project updates and performance metrics to executive leadership.
  • Facilitate conflict resolution within project teams.

Change Management:

  • Lead change management initiatives related to projects.
  • Adjust resource allocation as necessary.

EDUCATION:

  • Bachelor's Degree in Business Administration, Marketing, or Product Management (Required)

EXPERIENCE:

  • 15+ years in Product Management, with experience in product strategy, roadmap development, and product launches (Required)
  • 10+ years in Digital/Tech/Agency Experience (Preferred)
  • 5+ years in People Management Experience (Preferred)

KNOWLEDGE, SKILLS, & ABILITIES:

  • Experience in product management, strategic marketing, and business strategy within the Advertising, Tech, or Life Sciences sectors.
  • Understanding of technical and scientific aspects of biopharmaceutical advertising.
  • Ability to discuss industry trends credibly.
  • Extensive background in Digital Production and Product Management.
  • Experience in defining and delivering successful digital products.
  • Familiarity with UX best practices and collaboration with design leads.
  • Understanding of technology and emerging trends.
  • Prior management experience with digital agencies and client partners.
  • Knowledge of Agile/Lean Development methodologies.
  • Ability to make data-driven decisions.
  • Experience in creating clear user stories and project artifacts.
  • Proficient in developing release plans and roadmaps.
  • Strong communication and organizational skills.
  • Excellent collaboration abilities.
  • Capability to influence diverse stakeholders.
  • Strong analytical skills.
  • Proven ability to manage multiple projects simultaneously.
  • Ability to thrive in a dynamic environment.
  • Passion for developing digital capabilities that enhance user experience.

COMPETENCIES:

  • Leadership: Inspire and motivate teams.
  • Strategic Thinking: Formulate and execute product management strategies.
  • Team Management: Build and lead high-performing teams.
  • Change Management: Implement effective change strategies.
  • Stakeholder Engagement: Foster strong relationships.
  • Communication: Exceptional verbal and written skills.
  • Problem-Solving: Analyze complex issues and devise innovative solutions.
  • Decision-Making: Make informed and timely choices.
  • Financial Acumen: Effectively manage project budgets.
  • Project Management Methodologies: Proficient in various methodologies.
  • Risk Management: Identify and mitigate project risks.
  • Quality Management: Ensure deliverables meet quality standards.
  • Resource Allocation: Optimize resource distribution.
  • Performance Measurement: Define and monitor KPIs.
  • Vendor Management: Oversee vendor relationships.
  • Time Management: Manage project timelines effectively.
  • Technology Proficiency: Familiarity with project management tools.
  • Negotiation Skills: Negotiate project scopes and budgets.
  • Emotional Intelligence: Manage emotions effectively.
  • Conflict Resolution: Facilitate resolution of conflicts.
  • Compliance: Ensure adherence to regulatory standards.
  • Continuous Learning: Stay updated on industry best practices.
  • Mentoring: Invest in team members' professional growth.
  • Ethical Leadership: Uphold ethical standards in all practices.
  • Strategic Alignment: Continuously assess project alignment with strategic goals.

STATEMENT OF UNDERSTANDING:

This Job Description serves as a reference for mutual understanding of the terms and conditions associated with the position. Responsibilities may vary, and additional duties may be assigned as needed. The job description is not intended to include modifications consistent with providing a Reasonable Accommodation.

Salary:

$210,000 - $275,000 annually.

The salary range for this position is noted within this job posting. Compensation will depend on various factors, including market considerations, budgetary constraints, and the candidate's experience and qualifications.

For U.S. Job Seekers:

IPG Health is committed to providing equal employment opportunities to all employees and applicants without regard to race, religion, color, ethnic origin, gender, gender identity, age, marital status, veteran status, sexual orientation, disability, or any other basis prohibited by applicable law. EOE/AA/M/D/V/F.

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