Portfolio Manager Jobs in New Jersey

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Job description

We are excited to be named one of the World’s Best Workplaces by Fortune Magazine! We are proud to offer you 12 paid holidays annually. For an overview of our benefits and time off, please follow this link to learn more: US Stryker employee benefits.

The Portfolio Manager, Trauma, serves as the end-to-end owner of strategic product initiatives, driving projects from concept through commercialization. This individual is responsible for independently setting direction using established marketing principles and frameworks, while partnering closely with surgeon customers to gain deep clinical insights and understand the context behind critical product and business decisions.

The role requires strong collaboration with cross-functional partners, particularly R&D, to define product strategy, align on priorities, and successfully execute development plans. In addition, the Portfolio Manager must effectively communicate vision and strategy across the organization, build enthusiasm for new opportunities, influence stakeholders without direct authority, and generate alignment and buy-in to drive successful outcomes.

This role is based in Mahwah, NJ. You will travel 20% of the time to domestic and international locations.

What you will do

• Research features and benefits and how they translate to value for a specific product
• Utilize processes and resources to gather competitive/market intelligence
• Understand the needs of customers and patients and create a compelling value proposition
• Understand customer need and builds value proposition
• Effectively use and interpret qualitative and quantitative research
• Utilize market research and third-party data to identify key industry trends
• Collaborate cross-departmentally to participate in the new product development (NPDP) process
• Understand new product development process and its effect on the business
• Build financial business case model to support new product development funding and product return on investment
• Collaborate with Product Marketing to build new product launch plan from Project Business Case Model
• Leverage core competencies and the strategic assets of the organization to maximize new product development and launch planning
• Partner with Clinical Affairs to propose research objectives for evidence generation (Clinical studies, research papers, etc.)
• Partner with Product Marketing to develop a publication and messaging strategy that aligns with clinical evidence
• Understand the costs of acquiring new customers vs. retaining current customers
• Understand potential sources of new volume within current customer segment or outside of the current segment and the financial tradeoffs for pursuing each
• Assist in the development of sales tools and channel communication
• Research key factors, measurements and variables used in forecasting
• Execute a product lifecycle management (PLCM) plan as it relates to the overall business and launch strategy
• Create and communicate a value proposition
• Develop pricing consistent with the Marketing Strategy and brand positioning
• Assist in the development of new marketing channels and tools
• Document performance criteria used for evaluating business trends and activities

Required

• Bachelor's degree required in Marketing, Business, Engineering, Life Sciences, Biomedical Engineering, Healthcare Administration, Clinical Sciences, or related field.
• 4+ years of experience in upstream marketing, product management, product planning, strategic marketing, commercial strategy, new product development, innovation management, healthcare consulting, or related healthcare/medical device business functions

Preferred

• MBA or advanced degree preferred (Marketing, Business, Healthcare Management, Engineering, Life Sciences, Clinical Sciences).
• 2+ years of medical device, healthcare technology, orthopedic, surgical, spine, trauma, sports medicine, robotics, capital equipment, or healthcare marketing experience
• Experience leading products through the New Product Development Process (NPDP)
• Experience gathering Voice of Customer (VOC) insights from physicians, surgeons, healthcare professionals, and key opinion leaders (KOLs)
• Experience partnering with R&D to define product requirements and commercialization strategy
• Experience developing product roadmaps and business cases
• Ability to independently define product strategy and project direction

United States of America Pay Ranges:

• US20: $107,200 - $178,600 USD Annual

View the U.S. work location and transparency guide to find the pay range for your location.

Health benefits include: Medical and prescription drug insurance, dental insurance, vision insurance, critical illness insurance, accident insurance, hospital indemnity insurance, personalized healthcare support, wellbeing program and tobacco cessation program. Financial benefits include: Health Savings Account (HSA), Flexible Spending Accounts (FSAs), 401(k) plan, Employee Stock Purchase Plan (ESPP), basic life and AD&D insurance, and short-term disability insurance. Stryker offers innovative products and services in MedSurg, Neurotechnology, Orthopaedics and Spine that help improve patient and healthcare outcomes. Alongside its customers around the world, Stryker impacts more than 150 million patients annually. Depending on customer requirements employees and new hires in sales and field roles that require access to customer accounts as a function of the job may be required to obtain various vaccinations as an essential function of their role.