Senior Director, Franchise Portfolio Management

Medtronic • Jacksonville, FL

3d

About The Position

At Medtronic you can begin a life-long career of exploration and innovation, while helping champion healthcare access and equity for all. You’ll lead with purpose, breaking down barriers to innovation in a more connected, compassionate world. A Day in the Life The ENT OU is committed to excellence in portfolio strategy, innovation and commercialization to pursue our vision and long-term business growth. The ENT OU R&D organization is refining its product delivery, innovation, and commercialization approach to enable product leadership across all segments of our product portfolio. This will require enhancing our innovation processes, refining our design and delivery approaches to deliver an integrated and comprehensive portfolio that enables product development excellence across ENT. We believe that when people from different cultures, genders, and points of view come together, innovation is the result — and everyone wins. Medtronic walks the walk, creating an inclusive culture where you can thrive. This role is based out of Jacksonville, FL A Day in the Life The Sr Director, Franchise Portfolio Management is accountable to lead franchise program execution and deliver an integrated, comprehensive innovation program management capability across the portfolio. As the leader of both the Project Management Office (PMO) and Franchise Core Team leaders, the individual will be accountable for delivery of portfolio strategy and execution of a portfolio that contributes roughly ~$1B in revenue for the ENT OU. This leader will bring focus to delivery of business outcomes that are aligned with the ENT business strategy. Product portfolio includes the following franchises: Head & Neck, Navigation and Powered Surgical. This leader is accountable for all aspects of the NDP portfolio, including activating portfolio strategy, leading and influencing stakeholders and direct reports, including core team leads so that they operate as an effective cross-functional team. The Franchise Portfolio Management Sr Director will provide oversight in program prioritization, scoping program milestones, and holding teams accountable to execution for the predictable delivery of reliable solutions for commercial release while creating a culture of empowerment in the ENT OU. Responsibilities may include the following and other duties may be assigned. PEOPLE MANAGEMENT FUNCTIONAL CAREER STREAM: Management and supervisory professionals with one or more employees who are focused on tactical, operational and some strategic activities within a specified area. Levels within the management career stream typically have six or more direct reports. The majority of time is spent overseeing their area of responsibility, managing performance, developing talent, engagement and inclusion, communicating business and operational developments, planning, prioritizing and / or directing the responsibilities of direct reports. Goal achievement is typically accomplished through performance of direct and / or indirect reports. A key responsibility of roles in this career stream is managing people. which includes: accountability for mentoring, developing and coaching staff on meeting/exceeding performance expectations and defined objectives, providing leadership to staff ensuring the prioritization of Job Description Information transmitted in this report is proprietary to Medtronic and is intended for use only by the individual or entity to which it is addressed, and may contain information that is private, privileged, confidential or exempt from strategic and department level initiatives to include defining performance goals and targets, conducting performance reviews, and staff 1:1s to guide performance management and employee development efforts and manage toward departmental goals. DIFFERENTIATING FACTORS Autonomy: Manages multiple departments or division that include multiple teams led by managers and / or supervisors. Provides clear strong leadership on future direction. Establishes organizational policies in a major segment of the company. Performs work without appreciable direction. Organizational Impact: Leads the development of the corporate strategy for own major business unit or function. Accountable for achievement of overall major business unit or function goals . Management authority to make significant business and strategic decisions. Decisions impact the financial performance, employees, or public image of the company. Typically has budget or P&L accountability for one or more functional areas, geographies, divisions, product groups or service groups. Customer Focus and Market Awareness: Ensure familiarity with global market needs by regular cadence of engagements with customers and Marketing counterparts. These include regular conference calls, participation in Regional Marketing activities, sales ride-along, attendance at key trade shows & seminars, etc. Understand the main enterprise competitors and market trends. Innovation and Complexity: Champions innovation across the company recommending programs or projects and conceptualizing and developing new approaches. Problems and issues faced are complex, undefined and impact multiple businesses or functions, where information is typically difficult to obtain and extensive investigation to understand the root cause of problems is required. Communication and Influence: Identifies, initiates, establishes and develops long term strategic relationships and alliances with key organizational stakeholders. Serves as principal spokesperson for the department, broad functional area or geography making recommendations to leaders and executives regarding strategic initiatives . Influences across functions and businesses to negotiate and gain cooperation on divergent objectives. Leadership and Talent Management: Directs and controls one or more functional areas, geographies, divisions, product groups or service groups that include multiple teams led by directors and / or Sr Managers. Determines organizational structure and develops talent strategies . Develops management team to support strategic objectives . Authorizes hiring, firing, promotion and reward within own area.

Requirements

• Bachelors degree required
• Minimum of 15 years of experience leading cross department project teams with 10+ years of advanced management and leadership knowledge, or Advanced Degree with a minimum 13 years experience, minimum of 10 years of managerial experience
• Requires advanced management and leadership knowledge to lead cross-department project teams or manage across multiple functions.
• Typically has mastery within a specific technical or broad expertise across multiple related disciplines.
• Has proven experience of marketing and/or commercial best practices.
• Knowledge of portfolio management and good understanding of portfolio strategic decisions
• Demonstrated executive leadership presence.
• Executive level presentations with business cases and financial models that demonstrate investment value in critical areas of opportunity.
• Proven oral and written communication skills.
• Effective communication skill with ability to explain complex concepts simply to senior leadership.
• Proven analytical and critical thinking skills.
• Financial acumen

Nice To Haves

• Medical Device industry experience- knowledge of new product development, DRM, clinical trial management, quality systems, global regulatory experience.
• Experience developing solutions for clinicians.
• Advanced degree such as MS, MBA, with strong financial acumen
• Knowledge of patient safety, quality, clinical research, strategic planning.
• Strong “influence management” skill set demonstrated in a corporate environment
• Demonstrated success in effectively managing teams, executing on projects, and communicating expectations.
• Demonstrated ability to lead collaboratively in a diverse, global, matrixed organization.
• Knowledgeable of U.S. Food and Drug Law and WW regulatory, device safety and/or regulatory/clinical research
• Candidate must be highly motivated, goal driven, customer-focused, have a high energy level, and strong work ethic.
• Must be able to think strategically without losing sight of the details and act tactically to achieve desired results.
• Typically has mastery within a specific technical or broad expertise across multiple related disciplines.
• Has proven experience of marketing and/or commercial best practices.
• Knowledge of portfolio management and good understanding of portfolio strategic decisions
• Demonstrated executive leadership presence.
• Executive level presentations with business cases and financial models that demonstrate investment value in critical areas of opportunity.
• Proven oral and written communication skills.
• Effective communication skill with ability to explain complex concepts simply to senior leadership.
• Proven analytical and critical thinking skills.
• Financial acumen

Responsibilities

• Direct Management of the franchise core team leads (Head & Neck, Navigation and Powered Surgical) to oversee the operational aspects of ongoing projects and serves as liaison between ENT OU leadership and the core team leads, project management and planning, project team, and line management.
• Manages the company’s Project Management Office (PMO) charged with managing project resources and scheduling to ensure core team leader goals, and therefore NPI launch goals, are met or exceeded.
• Acts as a strategic partner for sales & marketing leadership, R&D technology & product development leadership, and cross functional leadership teams
• Works very closely with RPE PMO to meet the timeline, revenue and margin expectations of the operational roadmap where shared resources are required.
• Owns portfolio-program-project roadmap.
• Sets department budget over strategic planning (strat plan) period and annual operating plan (AOP).
• Oversees status of projects and budgets to ensure delivery of projects on time and within budget.
• Assesses project issues and develops resolutions to meet productivity, quality, and project goals and objectives.
• Develops mechanisms for monitoring project progress and for intervention and problem solving with core team leads and project managers.
• Partners with marketing, strategy and insights teams to ensure consistent alignment between portfolio strategy and project activation.
• Communicates effectively with stakeholders and obtains stakeholder engagement to ensure the end products or processes will solve the business problems.
• accountability for mentoring, developing and coaching staff on meeting/exceeding performance expectations and defined objectives, providing leadership to staff ensuring the prioritization of Job Description Information transmitted in this report is proprietary to Medtronic and is intended for use only by the individual or entity to which it is addressed, and may contain information that is private, privileged, confidential or exempt from strategic and department level initiatives to include defining performance goals and targets, conducting performance reviews, and staff 1:1s to guide performance management and employee development efforts and manage toward departmental goals.

Benefits

• We offer a wide range of benefits, resources, and competitive compensation plans designed to support you at every career and life stage.
• This position is eligible for a short-term incentive plan.
• Health, Dental and vision insurance, Health Savings Account, Healthcare Flexible Spending Account, Life insurance, Long-term disability leave, Dependent daycare spending account, Tuition assistance/reimbursement, and Simple Steps (global well-being program).
• Incentive plans, 401(k) plan plus employer contribution and match, Short-term disability, Paid time off, Paid holidays, Employee Stock Purchase Plan, Employee Assistance Program, Non-qualified Retirement Plan Supplement (subject to IRS earning minimums), and Capital Accumulation Plan (available to Vice Presidents and above, or subject to IRS earning minimums).

What This Job Offers

• Job Type: Full-time
• Career Level: Director
• Number of Employees: 5,001-10,000 employees