Portfolio Operations Specialist

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Job description

About the Department

Our Commercial Strategy and Marketing group creates and delivers human-centered experiences, where innovation meets customer-centricity, driving the ultimate experience for our patients. Our focus extends beyond transactions to craft experiences as one fully integrated, aligned and connected organization that puts empathy at the center, powered by insight and foresight.

We develop an end-to-end approach to strategy, focusing on every touchpoint that impacts our customers. We leverage data and insights to inform our decision-making processes, ensuring that our strategies are rooted in a deep understanding of customer needs and behaviors. Our 'test and learn' mindset and approach enables us to iterate rapidly and refine our strategies based on real-world results.

We are building an intentional team culture that is made up of diverse skillsets, united by the shared belief that reinvention and learning is what fuels continuous growth. Do you get excited about exploring the unknown? Does the idea of driving value through human-centered design pull you in? Are you ready to experiment with us?

The Position

The Portfolio Operations Specialist will play a pivotal role in overseeing the Novo Nordisk's product portfolio across its lifecycle and ensuring central management for the relevant therapy area. This role is responsible for developing and executing strategies to optimize the performance of products from launch through maturity and Loss of Exclusivity (LOEs), ensuring alignment with business objectives and market dynamics.

Relationship

Reports into the Portfolio Operations Strategist, within the Commercial Portfolio, Pipeline and BD&L team. Collaborates closely with cross-functional teams, including therapy area marketing, market access (MAPA) and clinical / medical (CMR) teams to ensure alignment of lifecycle management strategies with broader organizational goals and objectives. Facilitate communication and knowledge sharing across departments to drive cross-functional collaboration and synergy.

Essential Functions

Portfolio Overview: Conduct a comprehensive assessment of the company's therapy area product portfolio and understand each product's current market positioning, competitive landscape, revenue potential, and strategic importance to the organization

Portfolio Strategy Development: Develop and implement strategic plans for products across their lifecycle, including launches, mature brands, and products approaching loss of exclusivity (LOE). Collaborate with cross-functional teams to refine product positioning, pricing strategies, and lifecycle management tactics

Lifecycle Management Strategy: Lead the development of comprehensive lifecycle management plans for each product in the therapy area portfolio, considering factors such as product launches, patent expirations, and market dynamics

Portfolio Optimization: Identify opportunities for portfolio optimization and value enhancement through lifecycle extension strategies, product line extensions, label expansions, reformulations, acquisitions or strategic partnerships. Conduct scenario analyses and risk assessments to inform decision-making and prioritize initiatives

Risk Management: Proactively identify and mitigate risks associated with product lifecycle management, including regulatory challenges, patent cliffs, supply chain disruptions, and market dynamics. Develop contingency plans and risk mitigation strategies to safeguard the portfolio's performance and long-term viability

Loss of Exclusivity (LOE) Management: Anticipate and plan for upcoming LOEs, including the development of strategies to mitigate the impact of generic competition on revenue and market share. Evaluate opportunities for lifecycle management strategies, such as product differentiation, indication expansion, or lifecycle extension

Centralized Portfolio Management: Establish centralized management processes and frameworks to streamline portfolio oversight and decision-making. Coordinate cross-functional collaboration among commercial teams, medical affairs, regulatory affairs, and other stakeholders to ensure alignment with portfolio strategies. Serve as a primary point of contact for internal and external stakeholders on matters related to portfolio lifecycle management

Resource Allocation & Optimization: Collaborate with therapy areas and other cross functional teams to assess resource needs and requests and provide insight driven recommendations for how to optimize using allocation models

Performance Monitoring and Optimization: Monitor the performance of products within the portfolio, tracking key performance indicators (KPIs) such as sales, market share, and profitability. Identify areas for optimization and develop recommendations for portfolio adjustments, resource reallocation, or strategic initiatives to maximize portfolio value

Physical Requirements

Approximately 20-30 % overnight travel.

Qualifications

Requires a Bachelor's degree; Master's degree preferred

10+ years of experience in commercial strategy, portfolio management, lifecycle planning or related functions

Strong understanding of pharmaceutical industry, including launch strategies, patent expirations, and market access considerations

Proven track record of developing and implementing successful lifecycle management strategies for pharmaceutical products across various therapeutic areas

Excellent analytical skills, with the ability to interpret complex data sets, identify trends, and draw actionable insights to drive decision-making

Strong project management abilities, with experience leading cross-functional teams and managing multiple projects simultaneously

Excellent communication and interpersonal skills, with the ability to effectively collaborate with stakeholders at all levels of the organization

Strategic mindset, with the ability to think critically, anticipate future trends, and develop innovative solutions to address challenges and capitalize on opportunities in a dynamic market environment

We commit to an inclusive recruitment process and equality of opportunity for all our job applicants.

At Novo Nordisk we recognize that it is no longer good enough to aspire to be the best company in the world. We need to aspire to be the best company for the world and we know that this is only possible with talented employees with diverse perspectives, backgrounds and cultures. We are therefore committed to creating an inclusive culture that celebrates the diversity of our employees, the patients we serve and communities we operate in. Together, we're life changing.

Novo Nordisk is an equal opportunity employer. Qualified applicants will receive consideration for employment without regard to race, ethnicity, color, religion, sex, gender identity, sexual orientation, national origin, disability, protected veteran status or any other characteristic protected by local, state or federal laws, rules or regulations.

If you are interested in applying to Novo Nordisk and need special assistance or an accommodation to apply, please call us at 1-. This contact is for accommodation requests only and cannot be used to inquire about the status of applications.

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