Senior Director, Franchise Portfolio Management
Medtronic
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.
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.
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.
Qualifications
Must Have: Minimum 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 Have
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
Working Environment
Usual office environment with frequent* sitting, walking, and standing, and occasional* climbing, stooping, kneeling, crouching, crawling and balancing.
Oral and auditory capacity enabling interpersonal communication as well as communication through automated devices such as the telephone.
Light physical effort required by handling objects up to 20 pounds occasionally* and/or 10 pounds frequently.
Ability to move from department and buildings to interact with others.
Ability to travel frequently*, domestically and internationally.
Ability to provide afterhours support.
A commitment to our employees lives at the core of our values. We recognize their contributions. They share in the success they help to create. We offer a wide range of benefits, resources, and competitive compensation plans designed to support you at every career and life stage. Learn more about our benefits here. This position is eligible for a short-term incentive plan. Learn more about Medtronic Incentive Plan (MIP) on page 6 here.
The provided base salary range is used nationally (except in certain CA locations). The rate offered is compliant with federal/local regulations and may vary by experience, certification/education, market conditions, location, etc.
About Medtronic
Together, we can change healthcare worldwide. At Medtronic, we push the limits of what technology, therapies and services can do to help alleviate pain, restore health and extend life. We challenge ourselves and each other to make tomorrow better than yesterday. It is what makes this an exciting and rewarding place to be.
We want to accelerate and advance our ability to create meaningful innovations - but we will only succeed with the right people on our team. Let’s work together to address universal healthcare needs and improve patients’ lives. Help us shape the future.
Physical Job Requirements
The physical demands described within the Responsibilities section of this job description are representative of those that must be met by an employee to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions. For Office Roles: While performing the duties of this job, the employee is regularly required to be independently mobile. The employee is also required to interact with a computer, and communicate with peers and co-workers. Contact your manager or local HR to understand the Work Conditions and Physical requirements that may be specific to each role. (ADA-United States of America)
For Baccalaureate degrees earned outside of the United States, a degree that satisfies the requirements of 8 C.F.R. § 214.2(h)(4)(iii)(A) is required.
Physical Job Requirements
The above statements are intended to describe the general nature and level of work being performed by employees assigned to this position, but they are not an exhaustive list of all the required responsibilities and skills of this position.
The physical demands described within the Responsibilities section of this job description are representative of those that must be met by an employee to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions. For Office Roles: While performing the duties of this job, the employee is regularly required to be independently mobile. The employee is also required to interact with a computer, and communicate with peers and co-workers. Contact your manager or local HR to understand the Work Conditions and Physical requirements that may be specific to each role.
U.S. Work Authorization & Sponsorship
At Medtronic, we are committed to fostering an environment where employees can thrive and make a meaningful impact. In alignment with our enterprise-wide workforce planning approach, U.S. work authorization sponsorship (H-1B, TN, J, etc.) is offered exclusively for Principal-level roles and above, where specialized expertise aligns with long-term business needs. Roles below the Principal level require candidates to possess unrestricted U.S. work authorization at the time of hire and for the duration of employment.
Join us in our mission to alleviate pain, restore health, and extend life—where your unique background and perspective are valued.
Benefits & Compensation
Medtronic offers a competitive Salary and flexible Benefits Package
A commitment to our employees lives at the core of our values. We recognize their contributions. They share in the success they help to create. 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 called the Medtronic Incentive Plan (MIP).This position is eligible for an annual long-term incentive plan.The base salary range is applicable across the United States, excluding Puerto Rico and specific locations in California. The offered rate complies with federal and local regulations and may vary based on factors such as experience, certification/education, market conditions, and location. Compensation and benefits information pertains solely to candidates hired within the United States (local market compensation and benefits will apply for others).
The following benefits and additional compensation are available to those regular employees who work 20+ hours per week: 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).
The following benefits and additional compensation are available to all regular employees: 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).
Regular employees are those who are not temporary, such as interns. Temporary employees are eligible for paid sick time, as required under applicable state law, and the Employee Stock Purchase Plan. Please note some of the above benefits may not apply to workers in Puerto Rico.
Further details are available at the link below:
Medtronic benefits and compensation plans
About Medtronic
We lead global healthcare technology and boldly attack the most challenging health problems facing humanity by searching out and finding solutions.
Our Mission — to alleviate pain, restore health, and extend life — unites a global team of 95,000+ passionate people.
We are engineers at heart— putting ambitious ideas to work to generate real solutions for real people. From the R&D lab, to the factory floor, to the conference room, every one of us experiments, creates, builds, improves and solves. We have the talent, diverse perspectives, and guts to engineer the extraordinary.
Learn more about our business, mission, and our commitment to diversity here.
It is the policy of Medtronic to provide equal employment opportunity (EEO) to all persons regardless of age, color, national origin, citizenship status, physical or mental disability, race, religion, creed, gender, sex, sexual orientation, gender identity and/or expression, genetic information, marital status, status with regard to public assistance, veteran status, or any other characteristic protected by federal, state or local law. In addition, Medtronic will provide reasonable accommodations for qualified individuals with disabilities.
If you are applying to perform work for Medtronic, Inc. (“Medtronic”) in any position which will involve performing at least two (2) hours of work on average each week within the unincorporated areas of Los Angeles County, you can find here a list of all material job duties of the specific job position which Medtronic reasonably believes that criminal history may have a direct, adverse and negative relationship potentially resulting in the withdrawal of a conditional offer of employment. Medtronic will consider for employment qualified job applicants with arrest or conviction records in accordance with the Los Angeles County Fair Chance Ordinance for Employers and the California Fair Chance Act.