Leading European Custody Product Management at State Street, responsible for P&L and product strategy. Partnering with multiple teams to drive revenue and manage operations.
About the role
- Product Manager managing Fluid Management products at Arthrex. Collaborating with cross-functional teams to enhance surgeon performance and treatment options.
Responsibilities
- Plans, organizes, and controls the arthroscopic fluid management capital equipment product line (pumps) from conceptual stages through product life cycles to optimize profit and meet marketing, financial, and corporate growth objectives.
- Develops new products in conjunction with Marketing, Engineering and Sales Management personnel.
- Participates in overall product strategy, research and development requirements, development, and manufacturing coordination for new and emerging products.
- Coordinates technical product development, estimates of potential profits, and release to production specific to product line.
- Conducts market analysis and collaborates with a wide variety of functional areas such as sales, engineering, marketing, manufacturing, and operations to develop and provide product definitions responsive to customer needs and market opportunities.
- Provides technical expertise and training to other departments in support of product development.
- Develops and maintains a prioritized list of customer and market requirements for product.
- Coordinates, develops and maintains communications for marketing, sales, engineering, and financial plans for product line.
- Provides financial and technical justification for product selection and definition.
- Prepares product development objectives and schedules for all phases of product development and introduction to market.
- Conducts market research and identifies and tracks market trends in company's industry.
- Produces competitive analysis materials comparing product with its key competitors.
- Identifies partnering opportunities for complementary third-party products to broaden company's product line.
- Identifies market potential, establishes pricing and market strategies, estimates potential sales, introduces market, distribution/channel issues, and manages mature product through phase-out.
- Provides expertise in particular product area and develops strategies and applicable portions of the company business plan.
- Plans, organizes, and coordinates assigned programs to ensure accomplishment of financial/budgetary goals and optimum allocation of resources.
- Coordinates product introduction and market exploitation with marketing and sales organizations to ensure maximum penetration of market segment.
- Provides continuing product surveillance and management of established product to obtain financial objectives.
- Responsible for tracking product development through the development process from product concept, design, prototype to actual release by resolving issues that arise.
- Drives and champions development requirements and ensures that project risk is minimized.
- Submits reports and status updates to senior management.
- Determines the initial production quantities and twelve-month moving forecast.
- Responsible for maintaining communication with the customer to maintain and control project scope as applies to defined design, budget, quality and schedule agreements.
- Provide technical assistance with complex customer issues as well as consulting services to streamline customer internal management processes.
- Reviews/analyzes status reports prepared by the project team personnel and modifies schedules and/or plans as required.
- Monitors financial activities to ensure team compliance to budget parameters.
- Prepares technical and financial reviews of the assigned projects and presents information to Senior Managers, business unit management, customer and project team personnel as required.
- Establishes operational and project objectives and assignments and directs and coordinates the activities of project team personnel (engineering, manufacturing, procurement, marketing and quality) to ensure projects progress on schedule and within prescribed budget.
- Conducts surgeon and sales rep product and procedure training.
- Collaborates with a wide variety of functional areas such as sales, engineering, marketing, manufacturing, and operations to develop and provide product definitions responsive to customer needs and market opportunities.
- Responsible for ensuring that all customer requirements are met including the monitoring of test reports, documentation of instructions, etc.
- Defines promotional activities, publicizing the product through the press, sales force, and alternate distribution channels.
- Establish and maintain relationships with key surgeons.
Requirements
- Bachelor’s degree required, preferably in business or engineering.
- Master's degree is preferred
- Product Manager level requires at least five years of experience in orthopedic medical device or medical imaging (endoscopy/arthroscopy) equipment marketing and/or product management and/or engineering and/or sales.
- Sr. Product Manager level requires at least seven years of experience in orthopedic medical device or medical imaging (endoscopy/arthroscopy) equipment marketing and/or product management and/or engineering and/or sales.
- Experience related to arthroscopic fluid management required.
- Proven ability to travel for past positions.
- Ability to work with cadaveric specimens.
- Knowledge of the arthroscopic fluid management market.
- Skilled in working with different functions and effectively coordinates their activities to achieve desired results.
- Excellent listening skills, including the ability to identify and isolate customers concerns or objections, in addition to excellent written and oral communication skills.
- Excellent public speaking and presentation skills are required.
Benefits
- Medical, Dental and Vision Insurance
- Company-Provided Life Insurance
- Voluntary Life Insurance
- Flexible Spending Account (FSA)
- Supplemental Insurance Plans (Accident, Cancer, Hospital, Critical Illness)
- Matching 401(k) Retirement Plan
- Annual Bonus
- Wellness Incentive Program
- Free Onsite Medical Clinics
- Free Onsite Lunch
- Tuition Reimbursement Program
- Trip of a Lifetime
- Paid Parental Leave
- Paid Time Off
- Volunteer PTO
- Employee Assistance Provider (EAP)
Job title
Job type
Experience level
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