About

• Working at Abbott

At Abbott, you can do work that matters, grow, and learn, care for yourself and family, be your true self, and live a full life. You’ll also have access to

• Career development with an international company where you can grow the career you dream of.
• Free medical coverage for employees* via the Health Investment Plan (HIP) PPO
• An excellent retirement savings plan with a high employer contribution
• Tuition reimbursement, the Freedom 2 Save student debt program, and FreeU education benefit - an affordable and convenient path to getting a bachelor’s degree.
• A company recognized as a great place to work in dozens of countries around the world and named one of the most admired companies in the world by Fortune.
• A company that is recognized as one of the best big companies to work for, as well as the best place to work for diversity, working mothers, female executives, and scientists.
• *Qualified candidates must currently live in the Lake Forest/Chicagoland, IL area
• The Opportunity
• Our location in Lake Forest, IL / Willis Tower, Chicago, IL, currently has an opportunity for a Senior Product Manager.

The Senior Product Manager is the core marketing owner and driver of success for their designated products. This is a general management role that requires Marketing strategy development and oversight while contributing to and influencing all facets of Sales and Marketing within the division, including

• Forecasting, Financial and Marketing Plan Development,
• Sales Materials and Training, Pricing,
• Materials Management,
• Business Development,
• New Product Development and Introduction.
• What You’ll Work On
• The Senior Product Manager shall maintain US market knowledge, product expertise for products/franchises, including market sizes/trend share, customer needs and targeting, product performance/benefits/weaknesses/positioning.
• The Senior Product Manager shall provide ongoing support of new product development, including customer requirements definition, product concept validation, financial analysis, and securing Business Unit commitment through market launch.
• Success will be measured against sales and margin expectations, sales force competency/knowledge level, and market image.
• Main Responsibilities
• Maintain US market expertise for products and franchises, including in-depth knowledge of competitor products and strategies, market trends and dynamics, market/franchise critical success factors, and customer needs.
• Develop strategies to address product performance issues.
• Develop and update annual marketing plans/strategies including market analysis, customer segmentation and targeting, product positioning, competitive assessments, and SWOT or other situation assessment.
• Assess new markets and opportunities in support of BD and R&D.
• Designs strategies to maximize the profitability of product lines by collaborating with assigned staff, conducting market research, and performing financial analyses.
• Contributes toward the development of an annual departmental budget by forecasting future needs, utilizing previous year's budget, current objectives, and budget guidelines.
• Create and develop strategies for new product commercialization.
• Ensures projects are consistent with product line strategy and messaging is effectively conveyed.
• Coaches’ others within Marketing in the development of projects and/or programs.
• Support launch readiness by developing product inventory timing, marketing programs, and working with communications manager to develop promotional collateral.
• Take a leadership role on project teams to work closely with the project manager to drive accountability and team achievement of goals and milestones.
• Manage creative agencies to plan, develop, and execute new materials.
• Partner with regulatory colleagues in the review and negotiation of materials to ensure competitiveness, accuracy, and compliance.
• Work closely with cross-functional New Product project teams to develop detailed forecasting
• Forecasts will support corporate annual R&D development program funding requests.
• Develop PLAN & Update forecasts and justification for respective product lines worldwide and present to BU senior management.
• Work with the clinical team to develop and drive strategic publication initiatives supporting new product launches.
• Thorough understanding of Division business, product lines, market space, and Abbott businesses.
• Acts as an advisor to management on specialized business projects (managerial, technical, leadership, clinical, marketing). Acts as a mentor to key staff members. Has demonstrated leadership and management qualities. Actively participates in comprehensive development of plans including an outline of duties and project assignments.
• EDUCATION AND EXPERIENCE YOU’LL BRING

Education

• Required
• Bachelor’s degree in science, engineering, business, or marketing an equivalent combination of education and work experience
• Job requires substantial financial skills, market analysis, and advanced communication skills. Knowledge/ability to develop and execute a "new" product launch.
• Requires strong analytical skills as well as written and oral communication skills.
• Experience with Salesforce.
• Proficiency in MS Office Tools, with advanced Excel / PowerPoint, is required.
• Must be able to understand technical and scientific information.
• Must be willing to understand and comply with Regulatory requirements.
• Must be able to influence and motivate individuals from sales, marketing, and other functional areas to drive product sales.
• Must be able to complete multiple projects simultaneously with tight deadlines.
• Preferred
• MBA strongly preferred
• Experience in Sales, Marketing, Engineering or management is preferred.
• Sales management or marketing experience is preferred.
• Experience with C-Suite – negotiation and sales skills
• Apply Now
• * Participants who complete a short wellness assessment qualify for FREE coverage in our HIP PPO medical plan. Free coverage applies in the next calendar year.
• Learn more about our health and wellness benefits, which provide the security to help you and your family live full lives: www.abbottbenefits.com
• Follow your career aspirations to Abbott for diverse opportunities with a company that can help you build your future and live your best life. Abbott is an Equal Opportunity Employer, committed to employee diversity.
• Connect with us at www.abbott.com, on Facebook at www.facebook.com/Abbott and on Twitter @AbbottNews and @AbbottGlobal.

• The base pay for this position is $111,300.00 – $222,700.00. In specific locations, the pay range may vary from the range posted.