Director of Strategy and Portfolio Management

JOB DESCRIPTION:

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 Freedom 2 Save student debt program and FreeU 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

As a global leader in diabetes care, Abbott is constantly working to deliver the highest quality products and unwavering support to our customers. Consistent and accurate glucose monitoring is the foundation of any diabetes management plan so we’re committed to continuous improvement in the way patients and professionals measure, track and analyze glucose levels.

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.
 

WHAT YOU'LL DO

• 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.

Education / Experience

• BS or BA required; MBA strongly preferred due to the business complexity and P&L support of the position.
• Sustained experience and proven results in the following areas: appr. 8-10 years of experience and successful track record in marketing, commercial functions, ideally in the health care arena and managing a P&L
• Leading of successful commercial teams, several years of people management experience
• Proven track record of developing successful commercial strategies, tactics, including implementation
• Leading change management processes and ability to build strategic plans / contingency plans in times of uncertainty
• Strong presentation, communication and motivational skills
• Proven ability to develop and execute complex strategic business plans, proven effectiveness in financial and budget management.
• Excellent interpersonal skills to collaborate with a multitude of functions; outstanding communication and presentation skills.
• Ability to motivate, focus, and lead a diverse group of people; demonstrated effectiveness at developing talent throughout organizational levels.
• Strong analytical ability and understanding.

The base pay for this position is

In specific locations, the pay range may vary from the range posted.

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