Director Strategy and Portfolio Management, North America

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Job description

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.

Working at Abbott

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 with an international company where you can grow the career you dream of

Free medical coverage for employees via the Health Investment Plan (HIP) PPO

An excellent retirement savings plan with high employer contribution

Tuition reimbursement, the student debt program and education benefit - an affordable and convenient path to getting a bachelor's degree

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

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

Abbott Diabetes Care (ADC) is looking for a Director Strategy and Portfolio Management, North America

Position Overview:
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. The position requires a deep understanding of market dynamics, competitive landscapes, and financial imperatives to guide the portfolio toward sustainable growth and profitability.

This role is vital in ensuring that the company's product portfolio is strategically positioned for sustained growth and competitive advantage, aligning all functions to drive the company's long-term vision and business success.

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.

Leads monthly CMR (Commercial management review) meetings to ensure cross functional alignment regarding portfolio launches and strategic initiatives.

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.

Ad-Hoc strategic initiatives: lead and manage unique, high impact projects that arise outside of regular portfolio planning cycles, ensuring that these one-off initiatives are aligns to overall business.

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.

Functional Area Business Acumen/qualifications:

University degree required in business/scientific-related disciplines; MBA strongly preferred due to the business complexity of the position.

Approximately 8-10 years of experience with a successful track record in leading commercial functions, including people management.

Previous assignments in Commercial or Sales are essential in the healthcare sector.

CPG (Consumer packaged goods) and FMCG (fast moving consumer goods) marketing experience is valued.

Commercial experience with proven track record developing and implementing complex strategic business plans, tactics and managing financials.

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.

Strong financial skills are ideal.

Cross-functional/divisional project management experience is critical.

Experience in leading change management processes and building strategic/contingency plans in times of uncertainty.

Excellent presentation, communication, and motivational skills.

Exceptional interpersonal skills for collaboration across functions; outstanding communication and presentation abilities.

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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Participants who complete a short wellness assessment qualify for FREE coverage in our HIP PPO medical plan. Free coverage applies in the next calendar year.

Learn more about our health and wellness benefits, which provide the security to help you and your family live full lives:

Follow your career aspirations to Abbott for diverse opportunities with a company that can help you build your future and live your best life. Abbott is an Equal Opportunity Employer, committed to employee diversity.

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The base pay for this position is $(phone number removed) - $(phone number removed). In specific locations, the pay range may vary from the range posted.

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