Sr. Product Manager - Contract at Medtronic

Brampton, Ontario, Canada

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Not SpecifiedCompensation

Senior (5 to 8 years)Experience Level

Full TimeJob Type

UnknownVisa

Healthcare, Medical DevicesIndustries

Requirements

Advanced education and specialized knowledge typically acquired through higher education
Seasoned individual contributor experience working independently under limited supervision
Ability to coach, review work of lower-level specialists, and manage projects/processes
Deep clinical and therapy knowledge
Strong collaboration skills with Sales team, RA partners, and other stakeholders
Based in Brampton, Ontario office (full-time, fixed-term contract ~12 months)

Responsibilities

Formulates and reviews corporate short and long-range plans, goals, and objectives for specific product or product line
Conducts competitive product analysis and market research of product consumer behavior and professional audience
Determines the profitability and viability of new products or product enhancements
Develops production and marketing strategies and tactics to ensure effective product placement relative to market opportunity, working closely with product development over the product life cycle
Provides advertising with core brand equity
Serves as technical adviser, demonstrating products and troubleshooting product issues
Responsible for the annual marketing plan and strategic plan development
Ensures new product launch excellence
Performs Voice of Customers (VoCs)/Ad boards
Active participation and collaboration with Sales team in customer engagement
Responsible for creating and updating marketing collaterals
Serves as contracts, tenders, and RFP activities marketing representative
Monitors competitive products and activities including pricing cross-reference information
Works with RA partners on regulatory submission prioritization and tracking
Timely planning and coordination of the development of all essential tools to ensure the Sales team is well supported for success
Supports field activities such as product upgrades, evaluations, and conversions
Responsible for key conferences, clinical education, and customer events support
Active participation in the IBP process to continuously improve demand forecast
Delivers and/or manages projects from design to implementation, adhering to policies

Skills

Key technologies and capabilities for this role

Product ManagementStrategic Portfolio ManagementMarketing StrategyMarket ResearchCompetitive AnalysisProduct LaunchDemand ForecastingVoice of CustomerMarketing Plan DevelopmentBrand Equity

Questions & Answers

Common questions about this position

Is this a remote position or does it require office work?

This role is based out of the Brampton, Ontario office.

What is the employment type and duration for this role?

This is a full-time fixed term contract, expected to be approximately 12 months to cover a leave.

What are the main responsibilities of the Sr. Product Manager?

The role involves strategic portfolio management, development and execution of marketing strategies, product launch excellence, demand forecasting, and collaborating with the Sales team on customer needs.

What is the reporting structure for this position?

The position reports to the Sr. Marketing Manager or Marketing Manager.

What kind of experience makes a strong candidate for this role?

Candidates with experience in strategic product management, marketing strategy development, product launches, market research, and cross-functional collaboration with sales and regulatory teams will be strong fits, along with deep clinical and therapy knowledge.

Medtronic

Develops and manufactures medical devices and therapies

About Medtronic

Medtronic provides medical technology, services, and solutions to improve patient care. The company develops a variety of medical devices, including pacemakers, insulin pumps, surgical tools, and neurostimulation devices, which help diagnose, prevent, and treat chronic diseases. These products are used by hospitals, clinics, and healthcare professionals around the world. Medtronic stands out from competitors by investing significantly in research and development to create new products and offering additional services like training and patient management programs. The goal of Medtronic is to enhance patient outcomes and lower healthcare costs through its comprehensive range of medical solutions.

Fridley, MinnesotaHeadquarters

1949Year Founded

$3.2MTotal Funding

IPOCompany Stage

Biotechnology, HealthcareIndustries

10,001+Employees

Benefits

Health Insurance

Dental Insurance

Vision Insurance

Life Insurance

Disability Insurance

Health Savings Account/Flexible Spending Account

Unlimited Paid Time Off

Paid Vacation

Paid Sick Leave

Paid Holidays

401(k) Retirement Plan

401(k) Company Match

Employee Stock Purchase Plan

Employee Assistance Program

Wellness Program

Risks

Emerging competitors like Fire1 threaten Medtronic's heart failure management market share.

Spine biologics market growth may attract new entrants, increasing competition for Medtronic.

Recent IPOs in medtech indicate rising competition, challenging Medtronic's market position.

Differentiation

Medtronic's diverse product range spans cardiovascular, diabetes, neurological, and surgical technologies.

The company invests heavily in R&D to drive innovation in medical devices.

Medtronic offers comprehensive services, including training and technical support, enhancing product value.

Upsides

Exclusive deal with Kuros enhances Medtronic's orthopedic portfolio and market share.

Growing spine biologics market offers expansion opportunities in spinal fusion and regenerative medicine.

Balloon catheters market growth aligns with Medtronic's recent product launches, boosting cardiovascular presence.

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