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Sr Product Development Director - CRDN

Medtronic
Mounds View, United Statesfull_timeVerifiedPosted 7 Nov 2024
💰 $378,000/yr

About the role

We anticipate the application window for this opening will close on - 22 Nov 2024


 

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 person in this role will manage the global new product development portfolio for the CRDN OU (Coronary and Renal Denervation Operating Unit) and lead a team of core team leaders (CTLs) to drive the CRDN portfolio forward. The candidate must have strong business acumen, communication, collaboration, and facilitation skills, along with expertise in strategic, & financial planning and investment & portfolio management. They will influence scope, schedule, and budget for CRDN development programs and be accountable to the VP of R&D and CRDN Product Review Committee (PRC) for portfolio health and execution. This role requires a self-starter with strategic and analytical thinking skills, flexibility, and the ability to navigate a dynamic environment. The role reports directly to the VP of R&D, responsible for the Global CRDN new product development Portfolio.
  • Lead Product Development Core Team Leaders (CTLs) and oversee CRDN’s New Product Development (NPD) Portfolio. Influence scope, schedule, and budget of NPD programs with Core Team Leaders.

  • Identify and mitigate risks across the portfolio, ensuring proactive measures are in place to address potential issues.

  • Ensure appropriate project resource & financial forecasts in NPD programs and drive accountability with core team leaders to align to AOP baselines.

  • With cross functional peers, build effective core teams and provide feedback, coaching and mentoring to leaders.

  • Monitor and oversee the progress of all projects within the portfolio, ensuring they are on track, within scope, and within budget

  • Provide regular updates on NPD Portfolio health, risk and execution to OU leadership team through PRC forum.

  • Collaborate with PMO portfolio leader to ensure adoption of best in class practices, tools, and templates for project, portfolio, resource and financial management consistently across all NPD teams.

  • Collaborate with finance stakeholders & peers to deliver annual forecasts and portfolio scenario planning.

  • Collaborate with the RPM leadership team to ensure successful transition of NPD programs to post market.

  • Implement best practices and continuous improvement initiatives to enhance the efficiency and effectiveness of product development core teams.

  • Chair the Global CRDN Monthly Governance Committee and support cross-functional teams in portfolio and governance reviews.

  • Collaborate with R&D leadership & pipeline marketing to help define and manage the product & technology roadmap for the CRDN OU

  • Gather field and customer insights on product applications and needs.

BASIC QUALIFICATIONS:

Must Have: Minimum Requirements

To be considered for this role, please ensure the minimum requirements are evident on your resume.

  • Bachelor's degree required

  • Minimum of 15 years of relevant experience with 10+ years of managerial experience, or advanced degree with a minimum of 13 years of relevant experience with 10 years of managerial experience.

Nice to Have

  • Requires broad management and leadership knowledge to lead multiple job areas, and detailed functional expertise.

  • Experience collaborating cross-functionally in a matrix structure and influencing stakeholders at all levels of the organization.

  • Experience assessing a portfolio – identifying and evaluating cross-functional- dependencies and value acceleration opportunities.

  • Strong understanding of stakeholder management, budget management and risk management.

  • Experience participating in and leading Product development teams at a portfolio level.

  • Demonstrated ability to develop Core Team Leaders and to influence senior management.

  • Experience developing and managing business case life cycle management – including pressure testing outcomes with key business owners and managing progress, risks / mitigations and execution.

  • Experience effectively facilitating robust strategic planning processes, including developing compelling roadmaps, effectively driving cross-functional leadership forums to gain alignment on priorities and goals, while collaborating with business partners to measure progress.

  • Demonstrated ability to define and deliver solutions on schedule and within budg

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Company

Medtronic

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