Pioneering trusted medical solutions to improve the lives we touch: Convatec is a global medical products and technologies company, focused on solutions for the management of chronic conditions, with leading positions in advanced wound care, ostomy care, continence care, and infusion care. With around 10,000 colleagues, we provide our products and services in almost 100 countries, united by a promise to be forever caring. Our solutions provide a range of benefits, from infection prevention and protection of at-risk skin, to improved patient outcomes and reduced care costs. Group revenues in 2022 were over $2 billion. The company is a constituent of the FTSE 100 Index (LSE:CTEC). To learn more about Convatec, please visit http://www.convatecgroup.com
Every day, our products improve the lives of millions of people around the world. We’re hugely proud of this, which is why we’re transforming our business to reach millions more. Join us as the Manager, R&D Portfolio Strategy and you’ll drive progress that really means something.
About the Role:
This is a key role within the Convatec Technology & Innovation (T&I) team, a group that spends $100M+ annually to discover, design, build, and launch the products that will enable the company’s future success. As the R&D Portfolio Strategy Manager, you will play a key role in helping to set the strategic direction for the Convatec innovation and new product development portfolio. You will be a trusted partner across the T&I organization to help Convatec understand where to place strategic bets on new products to drive sustainable business results.
This role will report to the Director of R&D Portfolio Strategy and will work very closely with a wide range of internal stakeholders.
Duties & Responsibilities:
Set the direction for the Convatec T&I Portfolio
- Work with the Director of R&D Portfolio Strategy, CTO, and T&I Leadership Team to help set the investment priorities for the development of new products
- Suport the strategy development and prioritization of the entire Convatec portfolio of R&D, medical/clinical, and regulatory work through the development and use of various tools and KPIs
- Conduct analyses that will help the T&I team understand the value of the Convatec innovation portfolio and make key prioritization decisions
- Evaluate project investment scenarios, identify issues, develop hypotheses and communicate insights and recommendations to key decision-makers
- Support the Convatec Technology & Innovation (T&I) strategy plan
- Coordinate and drive the innovation portfolio planning process with the help of the Director of R&D Portfolio Strategy as well as a wide range of internal stakeholders
- Conduct research and analyses on a wide variety of internal and external-facing topics and make recommendations to help Convatec focus on the resources on the most valuable activities
Engage the T&I team to advance our strategy
- Work with team members across T&I and other functions to help drive the implementation of strategic initiatives and report out on progress to leadership
- Help R&D project teams develop and review project business cases that will yield optimal return for Convatec. Review business cases with T&I leadership team and executive team to validate project viability and prioritization
- Work with Finance to ensure that our overall portfolio strategy is consistent with available resources and support the creation of investment scenario analyses
- Proactively engage innovation project teams to understand progress and update portfolio planning analytics as needed
- Facilitate discussions between the T&I team and business unit finance business partners to ensure that our innovation portfolio will meet business unit financial ambitions
Engage executive leadership
- Work with T&I leadership to develop report-out materials for periodic review by executive leadership, including CEO, CFO
- Support the production of communication materials for the Board of Directors
- React to executive-level feedback with timely and thoughtful analyses and recommendations
Serve as a leader within Convatec
- Build relationships with the T&I stakeholders in many functions, including R&D, medical/clinical, and regulatory, as well as with other stakeholders across Convatec, including Marketing, Finance, and Corporate Development / Corporate Strategy, to understand the key portfolio needs for Convatec, drivers of success, and risks to our new product development plans
- Help drive principles of analysis-based portfolio planning across the broad Convatec T&I community
About You:
Skills & Experience:
- Strategic, analytical, and critical thinking abilities
- Ability to conduct research and analyses, understand interactions between multiple factors, develop recommendations, and communicate insights to stakeholders
- Competency in developing executive communication materials, e.g., PowerPoint, white papers
- Ability to work and communicate with a wide range of functional stakeholders
- Ability to see the “big picture”, with attention to detail where necessary
- Financial modeling capabilities, including DCF modeling, NPV/IRR analysis, and scenario modeling
- Industry experience in Medtech, Pharma, or other Life Sciences is a plus
Education/Qualifications:
- Undergraduate degree, preferably in engineering, math, or science discipline
- Minimum of 5+ years' total experience with experience in corporate strategy and/or project-based finance
- Strategy consulting background (3+ years)
Working Conditions:
- Hybrid schedule
- Location: within a commutable distance to Lexington, MA / greater Boston area
- Position may require travel up to 15% within Europe or U.S.
Our products make a big difference every day. So will your contribution. The work you do will mean more, because it’ll make things better for your team, our business or our customers’ lives. It’ll inspire you to deliver to your very best. And we’ll be right behind you when you do.
This is a challenge more worthwhile.
This is work that’ll move you.
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Beware of scams online or from individuals claiming to represent Convatec
A formal recruitment process is required for all our opportunities prior to any offer of employment. This will include an interview confirmed by an official Convatec email address.
If you receive a suspicious approach over social media, text message, email or phone call about recruitment at Convatec, do not disclose any personal information or pay any fees whatsoever. If you’re unsure, please contact us at careers@Convatec.com.
Equal opportunities
Convatec provides equal employment opportunities for all current employees and applicants for employment. This policy means that no one will be discriminated against because of race, religion, creed, color, national origin, nationality, citizenship, ancestry, sex, age, marital status, physical or mental disability, affectional or sexual orientation, gender identity, military or veteran status, genetic predisposing characteristics or any other basis prohibited by law.
Notice to Agency and Search Firm Representatives
Convatec is not accepting unsolicited resumes from agencies and/or search firms for this job posting. Resumes submitted to any Convatec employee by a third party agency and/or search firm without a valid written and signed search agreement, will become the sole property of Convatec. No fee will be paid if a candidate is hired for this position as a result of an unsolicited agency or search firm referral. Thank you.
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