Sr. Manager
3 weeks ago
Job Title: Sr. Manager New Product Portfolio Planning & Management
Function: Business Development
Reporting to: VP – Business Development, Licensing and Portfolio Management
Job Summary:
The incumbent would need to build a strong New Product Portfolio and its management and delivery in a time bound manner for India Business of Sun.
Works closely with the Business/Marketing, Business Development, R&D, Manufacturing, Regulatory, IP, Market Research, SFE, CEO Office, Commercial, Medical, Clinical Research, CQA, Finance, PMO, New Product Launch, Network Strategy, Packaging development teams etc.
The job would essentially involve:
Areas Of Responsibility
Accountabilities:
New Product Ideation & Feasibility Analysis
Product Selection & Prioritization.
Anchor Product Selection meetings/discussions. Prioritize selected products based on pre-defined criteria and communicate the same to in-house & sourcing team. Finalize the calendar for product launchesThird Party Partner Evaluation
Interact with the prospective third partners in conjunction with Commercial Team. Validate technologies and skill sets of partners from portfolio fit perspective. Ensure timely alliances with the partnersProduct Launches & Due Diligence.
Ensure complete alignment between R&D team, Sourcing team, Marketing team and contract manufacturing team and various cross-functional teams to ensure the delivery timelines for new product launches Validate the actual launch performance against initial business assumptions. Ensure management reporting with regard to gauge performance Vs. targetsHealth of the Product Pipeline
Track and monitor the health of the product pipeline Establish integrated data management and MIS for portfolio management Ensure to develop sustainable revenue source for growth of the business Continuously evaluate the health of the existing products, prepare business cases, provide inputs and facilitate management decision. Challenges
The position is a high visibility role envisaged to add value to the decision making process for the India business. A key challenge for the incumbent would be to work closely with a cross-functional spread team to establish and institutionalize processes for product selection. The incumbent would also be responsible to identify new product opportunities in line with overall business intent and cross functional teams for the business. This would be a key challenge for the incumbent.
The incumbent would also be responsible for Product Selection and Prioritization. Working with the cross-functional team he/ she would need to anchor Product Selection meetings / discussions and drive the agenda to prioritize selected products. The incumbent would also be accountable for finalizing the calendar for product launches. This would need complete alignment between R&D team, Sourcing team, Marketing team and the Manufacturing teams to ensure the delivery timelines for new product launches, another key challenge for the incumbent.
He / She would be interacting closely with the business development teams and prospective third party/commercial partners to validate technologies and skill sets of partners from a portfolio fit perspective Dealing with cross functional geographically spread teams and efficient collaboration with multiple stakeholders, internal as well as external, would be another key challenge for the incumbent.
The individual would need to keep the management team updated on the actual launch performance against initial business assumptions besides ensuring management reporting to gauge performance of the product portfolios across geographies. The incumbent would also need to continuously monitor and update the management team on the health of the existing products, prepare business cases, provide inputs and facilitate management decisions.
Educational Qualification & Experience
MBBS/M.Pharm/B. Pharm/M.Sc./B.Sc./B.Tech (Biotech) with Business Management (MBA) degree. Portfolio Planning and Management experience of 5-7 years and 5-7 years in Business Development or Marketing or Market Research or R&D including New Product Development is preferred.Skills
Possess business acumen to understand the complexity of the business and proactively provide solutions Possess ability to take decisions needed to achieve the organization’s objectives Enjoy credibility to positively influence others within and outside the organization Have a strong sense of conviction, and generate comfort and a high degree of respect & trust Possess high level of maturity and tact to manage and collaborate with key stakeholders Should be highly result-oriented with the capability of taking ownership and resolving problems, and driving agendas effectively-
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