Medtronic
Sr Product Development Director - CRDN
Medtronic, Minneapolis, Minnesota, United States, 55400
We anticipate the application window for this opening will close on - 7 Dec 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 budget.
Must be able to identify and resolve project issues to meet goals.
Demonstrated strong interpersonal, planning, and multitasking skills.
Demonstrated ability and experience in Portfolio Management
Willing to travel up to 10% of the time for business purposes
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.
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.
Salary ranges for U.S (excl. PR) locations (USD):$252,000.00 - $378,000.00
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).
Medtronic benefits and compensation plans (https://www3.benefitsolver.com/benefits/BenefitSolverView?page_name=signon&co_num=30601&co_affid=medtronic)
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 90,000+ 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 (http://www.medtronic.com) .
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.
Welcome to our new Careers Site!
If you applied before July 22nd, please check your email for a notification from us providing you with instructions and a link to set up your new account and retain access to your current activity. If you do not see an email from us, please feel free to proceed with creating a new account.
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 90,000+ 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.
We change lives
. Each team member, each day, helps to improve and redefine how the world treats the most pressing health conditions, from heart disease to diabetes. Our industry leadership comes from the passion and ingenuity of our people. That’s who we are. Working alongside one another, we use science, medicine, and a profound understanding of the human body to build extraordinary technologies that can transform lives.
We build extraordinary solutions as one team
. With one Medtronic Mindset defining how we work. Speed and decisiveness run through our DNA. Diverse perspectives inspire our bold answers to any challenge that comes our way. And we deliver results the right way, breakthrough after patient breakthrough.
This life-changing career is yours to engineer
. By bringing your ambitious ideas, unique perspective and contributions, you will…
Build
a better future, amplifying your impact on the causes that matter to you and the world
Grow
a career reflective of your passion and abilities
Connect
to a dynamic and inclusive culture that welcomes the challenge of life-long learning
These commitments set our team apart from the rest:
Experiences that put people first
. Respect for people is the hallmark of our humanity. It fuels our team to positively impact even a single life. And it means we put our people first at Medtronic as well, creating a culture of belonging and always pushing to get you the career-building resources you need.
Life-transforming technologies
. No matter your role, you contribute to technologies that transform lives. What we build empowers patients to live life on their terms.
Better outcomes for our world
. Here, it’s about more than the bottom line. Our Mission to improve human welfare drives us. We advance healthcare, society, and equity with every design, inside and outside our walls.
Insight-driven care
. Fresh viewpoints. Cutting-edge AI, data, and automation. You're shaping the future of healthcare technology and defining the next generation of breakthroughs in care
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.
For sales reps and other patient facing field employees, going into a healthcare setting is considered an essential function of the job and we expect our employees to comply with all credentialing requirements at the hospitals or clinics they support.
This employer participates in the federal E-Verify program to confirm the identity and employment authorization of all newly hired employees. For further information about the E-Verify program, please click here (https://www.e-verify.gov/employees) .
For updates on job applications, please go to the candidate login page and sign in to check your application status.
If you need assistance completing your application please email AskHR@medtronic.com
To request removal of your personal information from our systems please email RS.HRCompliance@medtronic.com
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 budget.
Must be able to identify and resolve project issues to meet goals.
Demonstrated strong interpersonal, planning, and multitasking skills.
Demonstrated ability and experience in Portfolio Management
Willing to travel up to 10% of the time for business purposes
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.
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.
Salary ranges for U.S (excl. PR) locations (USD):$252,000.00 - $378,000.00
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).
Medtronic benefits and compensation plans (https://www3.benefitsolver.com/benefits/BenefitSolverView?page_name=signon&co_num=30601&co_affid=medtronic)
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 90,000+ 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 (http://www.medtronic.com) .
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.
Welcome to our new Careers Site!
If you applied before July 22nd, please check your email for a notification from us providing you with instructions and a link to set up your new account and retain access to your current activity. If you do not see an email from us, please feel free to proceed with creating a new account.
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 90,000+ 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.
We change lives
. Each team member, each day, helps to improve and redefine how the world treats the most pressing health conditions, from heart disease to diabetes. Our industry leadership comes from the passion and ingenuity of our people. That’s who we are. Working alongside one another, we use science, medicine, and a profound understanding of the human body to build extraordinary technologies that can transform lives.
We build extraordinary solutions as one team
. With one Medtronic Mindset defining how we work. Speed and decisiveness run through our DNA. Diverse perspectives inspire our bold answers to any challenge that comes our way. And we deliver results the right way, breakthrough after patient breakthrough.
This life-changing career is yours to engineer
. By bringing your ambitious ideas, unique perspective and contributions, you will…
Build
a better future, amplifying your impact on the causes that matter to you and the world
Grow
a career reflective of your passion and abilities
Connect
to a dynamic and inclusive culture that welcomes the challenge of life-long learning
These commitments set our team apart from the rest:
Experiences that put people first
. Respect for people is the hallmark of our humanity. It fuels our team to positively impact even a single life. And it means we put our people first at Medtronic as well, creating a culture of belonging and always pushing to get you the career-building resources you need.
Life-transforming technologies
. No matter your role, you contribute to technologies that transform lives. What we build empowers patients to live life on their terms.
Better outcomes for our world
. Here, it’s about more than the bottom line. Our Mission to improve human welfare drives us. We advance healthcare, society, and equity with every design, inside and outside our walls.
Insight-driven care
. Fresh viewpoints. Cutting-edge AI, data, and automation. You're shaping the future of healthcare technology and defining the next generation of breakthroughs in care
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.
For sales reps and other patient facing field employees, going into a healthcare setting is considered an essential function of the job and we expect our employees to comply with all credentialing requirements at the hospitals or clinics they support.
This employer participates in the federal E-Verify program to confirm the identity and employment authorization of all newly hired employees. For further information about the E-Verify program, please click here (https://www.e-verify.gov/employees) .
For updates on job applications, please go to the candidate login page and sign in to check your application status.
If you need assistance completing your application please email AskHR@medtronic.com
To request removal of your personal information from our systems please email RS.HRCompliance@medtronic.com