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Sr. Product Manager, Life Cycle Operations.

Abbott Laboratories

This is a Full-time position in Los Angeles, CA posted September 10, 2021.

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 109,000 colleagues serve people in more than 160 countries.

A healthy heart is essential to good health. That’s why we’re committed to advancing treatments for people with cardiovascular disease. As a global leader in Cardiac Rhythm Technologies, our breakthrough medical technologies help restore people’s health so they can get back to living their best lives, faster. We focus on innovative technologies that can improve the way doctors treat people with heart arrhythmias, or irregular heartbeats. 

Our location in Sylmar, CA currently has an opportunity for a Sr. Product Manager, Life Cycle Operations.

Be a leader for the organization and leverage passion about healthcare and technology to impact patients’ lives.  The role will be the lead on organizing and directing operating mechanisms to drive product life cycle execution to shape an optimized (growth and margin) portfolio of products for Cardiac Rhythm Management.   The product portfolios for CRM include pacemakers, defibrillators, implantable cardiac Monitors, remote care and supporting accessories.

The Sr. Product Manager, Life Cycle Operations is responsible for the health of the portfolio, guiding the org through optimization strategies and execution as well as long range portfolio management. The Sr. PM is responsible for driving the following activities for their portfolio:

  • Establish a cohesive strategy on how the portfolio can be optimized to ensure growth and meet commercial needs
  • Guide products through the life cycle process in collaboration with marketing, operations, and commercial partners 
  • Standardize introduction, enhancement and sunset metrics across portfolio to drive margin improvement and growth
  • Support replacements for phaseouts where needed and partner on contract commitment timelines given portfolio strategy, including leadership for replacement justification during funding cycle via phaseout planning and commitments
  • Provides direction and input to all in-house groups such as PMO, Operations, Finance, R&D, Quality, and Regulatory that affect the successful achievement of business objectives

WHAT YOU’LL DO 

Strategy and Process Development for long range planning of portfolio

  • Enhance process for long range portfolio operations
  • Change management to drive a shift in focus and execution for the health of the business
  • Continuous process improvement to overcome obstacles, or drive acceleration of desired results
  • Develop product knowledge but also work closely in partnership with product managers
  • Establish phase in/phase out requirement documents as part of the new product development process

Analytics and Operational Execution:

  • Develop and run comprehensive analytics to guide portfolio decision leveraging sales data, operational data (scrap/yield) and inventory levels
  • Assess products for limited revenue, limited volume and associated pain created by those products if phased out
  • Competitive assessment on portfolio, SKUs and offering including market trends and gaps
  • Develop end to end plans and PM sunset process  
  • Offer leadership to R&D and support organizations throughout development cycle (e.g. lead trade-off analysis…customer, financial, and timeline impact)
  • Support downstream marketing and commercial activities where needed
  • Ability to leverage knowledge of product development process to help streamline time to delivery and reduce risk for key portfolio optimizing initiatives
  • Internal Communication: Responsible for creating a clear line of communication between Global Upstream Marketing, Commercial Downstream Marketing, Regional Marketing, Operations, and Sales
    • Collaborate effectively across the organizational matrix, with colleagues from a range of disciplines including Marketing, MarCom, Education, Sales, IT and others within our business units and corporate organizations

Cross-Functional Collaboration and Partnership:

  • The product manager is a collaborative lead and owns the operational mechanisms of delivering on our long rang portfolio goals
  • Establish regular communication mechanisms with regional marketing and commercials organization to ensure clear understanding of portfolio strategy, selling the benefits of changes to the portfolio and getting input along the way from stakeholders
  • Establish process for alignment and sign-off by key stakeholders in the process
  • Through the observation of market trends, best practices, and new, establish and cultivate a culture of test and learn, continually identifying new analytics and process ideas with an eye on improving the execution

Performance will be monitored versus the annual marketing plan & GMI, and execution against the action items and financial objectives.

Must ensure compliance with the Quality System, and all Ethics/Compliance guidelines.

Must work within budget guidelines.

EDUCATION AND EXPERIENCE YOU’LL BRING 

Required 

  • Bachelor’s degree in Marketing, Business, Life Science/Biomedical Engineering, or Software related field, Operations
  • 5-7 years of experience in marketing/product management, or portfolio life cycle/ operation experience, including international experience with in a global company.
  • Experience with SAP / Business Objects / Data Analysis and tools
  • Experience influencing partner organizations to deliver results; specifically managing cross-functional stakeholders and producing results through others.
  • Experience prioritizing and managing project initiatives across multiple functions and/or business units. Experience working in a broader enterprise/cross division business unit model preferred. Ability to work in a highly matrixed and geographically diverse business model.
  • Experience supervising staff, specifically managing managers and producing results through others.
  • Ability to travel, approximately 30%, including internationally.
  • Must be able to maintain regular and predictable attendance.

Preferred 

  • Advanced Degree (such as a Master’s degree or MBA) is preferred
  • Healthcare industry, and/or medical device experience preferred.
  • Track record as a self-starter, proactively identifying opportunity areas namely in business improvement
  • Ability to work effectively within a team a as an individual contributor in a fast-paced changing environment — multi-tasks, prioritizes and meets deadlines in timely manner. Strong project management, team skills, and influential management.
  • Strong verbal and written communications with ability to effectively communicate at multiple levels in the organization.
  • Adept at handling multiple assignments in a timely manner and meeting assigned deadlines.

WHAT WE OFFER

At Abbott, you can have a good job that can grow into a great career. We offer: 

  • Training and career development, with onboarding programs for new employees and tuition assistance  
  • Financial security through competitive compensation, incentives and retirement plans  
  • Health care and well-being programs including medical, dental, vision, wellness and occupational health programs 
  • Paid time off  
  • 401(k) retirement savings with a generous company match 
  • The stability of a company with a record of strong financial performance and history of being actively involved in local communities 

Learn more about our benefits that add real value to your life to help you live fully:  www.abbottbenefits.com  

Follow your career aspirations to Abbott for diverse opportunities with a company that provides the growth and strength to build your future. Abbott is an Equal Opportunity Employer, committed to employee diversity. 

Connect with us at www.abbott.com, on Facebook at www.facebook.com/Abbott and on Twitter @AbbottNews and @AbbottGlobal.