Job Description
Owner of the OTC BU portfolio – both innovation and maintenance of business (MoB) - accountable to drive prioritization and management processes, analyse portfolio to inform leadership discussions to achieve optimal portfolio balance, maintain portfolio/project data, and communicate portfolio changes to key stakeholders across the organization.
Drive portfolio strategic prioritization processes – both innovation and MoB:
Define and communicate timeline/milestones for upcoming portfolio prioritization
Update information for existing projects and collect information for newly proposed projects
Develop initial prioritization of portfolio based on input from priority OTC markets
Analyse portfolio mix and develop recommendations to balance portfolio to ensure alignment with organization’s strategic goals, eg long-term vs. short-term projects, risk vs. reward, class of innovation, geographical & category coverage
Prepare meeting materials for initial portfolio recommendations to present to “Portfolio Management Committee” (PMC)
Prepare materials for final PMC recommendation to GLT and document outcomes from GLT review
Communicate changes to the portfolio to key stakeholders
Lead portfolio management processes
Maintain portfolio dashboard for all active projects and update dashboard based on significant project changes
Assess impact of significant project changes on R&D resources and develop recommendations to PMC to shift resourcing
Collect market input on critical, time-sensitive projects requested between regular prioritization cycles and develop recommendations to shift resources for these projects
Develop materials for monthly PMC meetings to review changes to current projects and review recommendations for any resourcing changes for current or new projects
Communicate any interim changes to the portfolio to key stakeholders
Maintain portfolio and project data used for portfolio prioritization and management
Maintain a high-quality, consolidated database of critical project data
Develop tools, templates and guidelines for project managers & teams to provide project data needed for portfolio prioritization and management
Benchmark OTC portfolio prioritization and management processes against industry best practices to identify and champion appropriate opportunities for improvement
Skills
B.S./B.A. degree required, MS/MBA preferred
English, other EU languages are additional asset
7-10+ years previous work experience in global and/or cross-functional new product development teams or R&D portfolio management experience
Strong knowledge of OTC Portfolio/pipeline and OTC’s commercial strategy and understanding of competitive environment
Excellent analytical, problem solving, planning and organisation skills
Sound financial modeling and project management capabilities (e.g., multi-tasking, prioritization)
Strong leadership skills needed to drive adherence to new portfolio prioritization and management processes
Strategic thinking to assess implications on global projects, resource management and decisions in support of R&D
Ability to influence others, collaborate across functions and geographies and work closely with senior leadership teams
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