US Sr Product Manager

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 114,000 colleagues serve people in more than 160 countries.

     

JOB DESCRIPTION:

Working at Abbott

At Abbott, you can do work that matters, grow, and learn, care for yourself and family, be your true self, and live a full life. You’ll also have access to:

• Career development with an international company where you can grow the career you dream of.
• Free medical coverage for employees* via the Health Investment Plan (HIP) PPO
• An excellent retirement savings plan with a high employer contribution
• Tuition reimbursement, the Freedom 2 Save student debt program, and FreeU education benefit - an affordable and convenient path to getting a bachelor’s degree.
• A company recognized as a great place to work in dozens of countries around the world and named one of the most admired companies in the world by Fortune.
• A company that is recognized as one of the best big companies to work for, as well as the best place to work for diversity, working mothers, female executives, and scientists.

*Qualified candidates must currently live in the Lake Forest/Chicagoland, IL area

The Opportunity

Our location in Lake Forest, IL / Willis Tower, Chicago, IL, currently has an opportunity for a US Senior Product Manager.

The Senior Product Manager is the core marketing owner and driver of success for their designated products. This is a general management role that requires Marketing strategy development and oversight while contributing to and influencing all facets of Sales and Marketing within the division, including:

• Forecasting, Financial and Marketing Plan Development,
• Sales Materials and Training, Pricing,
• Materials Management,
• Business Development,
• New Product Development and Introduction.

What You’ll Work On

• The Senior Product Manager shall maintain US market knowledge, product expertise for products/franchises, including market sizes/trend share, customer needs and targeting, product performance/benefits/weaknesses/positioning.
• The Senior Product Manager shall provide ongoing support of new product development, including customer requirements definition, product concept validation, financial analysis, and securing Business Unit commitment through market launch.
• Success will be measured against sales and margin expectations, sales force competency/knowledge level, and market image.

Main Responsibilities

• Maintain US market expertise for products and franchises, including in-depth knowledge of competitor products and strategies, market trends and dynamics, market/franchise critical success factors, and customer needs.
• Develop strategies to address product performance issues.
• Develop and update annual marketing plans/strategies including market analysis, customer segmentation and targeting, product positioning, competitive assessments, and SWOT or other situation assessment.
• Assess new markets and opportunities in support of BD and R&D.
• Designs strategies to maximize the profitability of product lines by collaborating with assigned staff, conducting market research, and performing financial analyses.
• Contributes toward the development of an annual departmental budget by forecasting future needs, utilizing previous year's budget, current objectives, and budget guidelines.
• Create and develop strategies for new product commercialization.
• Ensures projects are consistent with product line strategy and messaging is effectively conveyed.
• Coaches’ others within Marketing in the development of projects and/or programs.
• Support launch readiness by developing product inventory timing, marketing programs, and working with communications manager to develop promotional collateral.
• Take a leadership role on project teams to work closely with the project manager to drive accountability and team achievement of goals and milestones.
• Manage creative agencies to plan, develop, and execute new materials.
• Partner with regulatory colleagues in the review and negotiation of materials to ensure competitiveness, accuracy, and compliance.
• Work closely with cross-functional New Product project teams to develop detailed forecasting
• Forecasts will support corporate annual R&D development program funding requests.
• Develop PLAN & Update forecasts and justification for respective product lines worldwide and present to BU senior management.
• Work with the clinical team to develop and drive strategic publication initiatives supporting new product launches.
• Thorough understanding of Division business, product lines, market space, and Abbott businesses.
• Acts as an advisor to management on specialized business projects (managerial, technical, leadership, clinical, marketing). Acts as a mentor to key staff members. Has demonstrated leadership and management qualities. Actively participates in comprehensive development of plans including an outline of duties and project assignments.

EDUCATION AND EXPERIENCE YOU’LL BRING  

Education:

Required

• Bachelor’s degree in science, engineering, business, or marketing an equivalent combination of education and work experience
• Job requires substantial financial skills, market analysis, and advanced communication skills. Knowledge/ability to develop and execute a "new" product launch.
• Requires strong analytical skills as well as written and oral communication skills.
• Experience with Salesforce.
• Proficiency in MS Office Tools, with advanced Excel / PowerPoint, is required.
• Must be able to understand technical and scientific information.
• Must be willing to understand and comply with Regulatory requirements.
• Must be able to influence and motivate individuals from sales, marketing, and other functional areas to drive product sales.
• Must be able to complete multiple projects simultaneously with tight deadlines.

Preferred

• MBA strongly preferred
• Experience in Sales, Marketing, Engineering or management is preferred.
• Sales management or marketing experience is preferred.
• Experience with C-Suite – negotiation and sales skills

Apply Now

 

* Participants who complete a short wellness assessment qualify for FREE coverage in our HIP PPO medical plan. Free coverage applies in the next calendar year.

Learn more about our health and wellness benefits, which provide the security to help you and your family live full lives:  www.abbottbenefits.com

Follow your career aspirations to Abbott for diverse opportunities with a company that can help you build your future and live your best life. 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.

     

The base pay for this position is

$111,300.00 – $222,700.00

In specific locations, the pay range may vary from the range posted.

     

JOB FAMILY:

Product Management

     

DIVISION:

CRLB Core Lab

        

LOCATION:

United States > Lake Forest : CP01

     

ADDITIONAL LOCATIONS:

     

WORK SHIFT:

Standard

     

TRAVEL:

Yes, 25 % of the Time

     

MEDICAL SURVEILLANCE:

No

     

SIGNIFICANT WORK ACTIVITIES:

Continuous sitting for prolonged periods (more than 2 consecutive hours in an 8 hour day), Keyboard use (greater or equal to 50% of the workday)

     

Abbott is an Equal Opportunity Employer of Minorities/Women/Individuals with Disabilities/Protected Veterans.

     

EEO is the Law link - English: http://webstorage.abbott.com/common/External/EEO_English.pdf

     

EEO is the Law link - Espanol: http://webstorage.abbott.com/common/External/EEO_Spanish.pdf