Director, R&D Portfolio Strategy

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 on our journey to #ForeverCaring as a Director, 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 Director, you will lead the strategic oversight and prioritization of 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 VP of T&I Finance and Strategy and will work very closely with a wide range of internal stakeholders.

Key Responsibilities

Set the direction for the Convatec T&I Portfolio

• Work with the CTO and T&I Leadership Team to help set the investment priorities for the development of new products

• Oversee the strategy 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

• Lead and conduct analyses to understand the value of the Convatec innovation portfolio

• Evaluate project investment scenarios and recommend investment decisions to CTO and executive leadership team

• Lead the development of Convatec Technology & Innovatoin (T&I) strategy plan

• Run the innovation portfolio planning process with engagement from the T&I leadership team and Convatec executive leadership team

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 on progress to leadership

• Help R&D project teams develop and review project business cases that will yield optimal returns for Convatec. Review business cases with T&I leadership team and executive team to validate project viability and prioritization

• Coordinate with Finance to ensure that our overall portfolio strategy is consistent with available resources

• Proactively engage innovation project teams to understand progress and update portfolio planning analytics as needed

• Work with business unit finance business partners to ensure that the innovation portfolio will meet business unit financial ambitions

Engage executive leadership

• Develop report-out materials for periodic review by executive leadership, including CEO, CFO

• Lead the production of communication materials for the Board of Directors

• Respond to executive-level feedback and update the innovation portfolio plan, as needed

• Engage with executive leaders during the portfolio planning process to facilitate go/no-go decisions on innovation projects

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

Principle Contacts

• CTO

• VP T&I Finance and strategy

• T&I Leadership Team

• Multiple team members within T&I

• VP Corporate Strategy and Corporate Dev

About You

Key Requirements

• Strategic, analytical, and critical thinking abilities

• Ability to conduct research and analyses, understand interactions between multiple factors, develop recommendations, and communicate insights to executive leaders

• Competency in developing executive communication materials

• 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

• Desire and ability to lead through influence

• Collaborative approach: Building partnerships and working collaboratively with others to meet shared objectives.

• Industry experience in Medtech, Pharma, or other Life Sciences is a plus

Qualifications/Education

• Undergraduate degree, preferably in engineering, math, or science discipline

• MBA required

• Strategy consulting background (3+ years), including experience as an Engagement Manager

Location

• Lexington, MA (Greater Boston area)

Travel Requirements

• Position may require travel up to 15% within Europe or U.S.

Languages

• Fluency in English writing and speaking is essential

Our transformation will change your career. For good. You'll be

pushed to think bigger and aim for excellence. Your ideas will be

heard, and you'll be supported to bring them to life. There'll be

challenges. But, stretch yourself and embrace the opportunities, and

you could make your biggest impact yet.

This is stepping outside of your comfort zone.

This is work that'll move you.

#LI-MH1

#LI-Hybrid

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.

Already a Convatec employee?

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