Divisional Vice President, Research & Development

Company: Abbott
Location: Pleasanton
Posted on: January 20, 2023

Job Description:

Abbott is a global healthcare leader that helps people live more fully at all stages of life. Our portfolio of life-changing technologies spans the spectrum of healthcare, with leading businesses and products in diagnostics, medical devices, nutritionals and branded generic medicines. Our 113,000 colleagues serve people in more than 160 countries.Working at AbbottAt 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 ofFree medical coverage for employees* via the Health Investment Plan (HIP) PPOAn excellent retirement savings plan with high employer contributionTuition reimbursement, the Freedom 2 Save student debt program and FreeU education benefit - an affordable and convenient path to getting a bachelor's degreeA 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 FortuneA company that is recognized as one of the best big companies to work for as well as a best place to work for diversity, working mothers, female executives, and scientistsThe Opportunity The Divisional Vice President of Research & Development is responsible for leading and developing a highly trained, creative and motivated engineering team. The team will work in an environment that is structured to inspire "Outside the box" thinking and flexibility that creates motivation and speed. This position oversees a large, multi-site organization responsible for developing products to grow or enhance Abbott's Heart Failure Medical Device product portfolio and ensure customer needs are met.Primary Job Scope:Responsible for leading a large product development function for the Heart Failure division within Medical DevicesLead R&D and product development strategy in line with Heart Failure vision and business strategyRetains, develops and attracts the world's best engineering and scientific talentWorks with the Senior Staff to develop strategic and financial plans to guide the success of the business unitDepartmental budget and P&L responsibility for R&DDirect strategic innovation and leverage in-depth understanding of market needs both globally and geographicallyDemonstrate deep understanding of healthcare economics in the medical device business unit's space and create product development strategies to drive positive outcomesIdentify and provide expert technical assessment and be a significant contributor to new segment opportunitiesLead change management as we transform R&D organization to align with digital roadmapDrive efficiencies in the Product Development organization and urgency in the delivery of next generation products as well as strong product development and technical skill setsRepresent R&D technology to external KOLs, other functions and businesses at Abbott, and the industry as a wholeWhat You'll Work On---Work within the business unit to support development on our product pipelineLead a large organization of top engineers focused on research, design, prototyping and IP developmentWorks cross-functionally to ensure products being developed will be successfully commercially upon launchAttracts, develops and retains a diverse, highly qualified staffSets department and individual goals which align to department plans and manages the execution of goals through coaching and mentoringDevelops a strong pipeline of top technical talentCreates a highly engaged team environment which drives innovation and productivity. - Maintains a safe and professional work environmentFocus on developing IP and products that lead to improvement of existing products and development of products that lead to the creation of expanded/new marketsServe as a technical advisor to various areas of our businessGlobally represent Abbott at appropriate scientific meetingsRemain current on latest technical trends and awareness of emerging researchRequires frequent contact with healthcare professionals to discuss and understand market opportunityDevelop and implement short and long-term strategic plans for Product Development to ensure effective Global Product Development Engineering across sites to ensure overall business objectives are metPartnering with other departments, identify needs and demands, understand technologies and trends, and deliver innovative and optimal technology solutions that will support the execution of Product Development Engineering strategyCollaborates cross-functionally with Program Management, IT, Finance, R&D, Quality, Marketing, Clinical/Pre-Clinical, Regulatory and other functions as needed to ensure effective commercialization of new productsCollaborate cross-functionally with the Operations, Quality and Supply Chain functions to ensure effective execution of design transfer and to make sure ongoing manufacturing needs are metComplies with U.S. Food and Drug Administration (FDA) and the Medical Device Directive (MDD) regulations, and other required regulations, Company policies, standard operating procedures, processes, and task assignmentsMaintains positive and cooperative communications and collaboration with all levels of employees, customers, contractors, and vendorsOversee effectiveness of systems and procedures to ensure compliance to FDA, GMP, and all other applicable agency regulationsSupport all Divisional initiatives as identified by divisional management and in support of Quality Management Systems (QMS), Environmental Management Systems (EMS), and other regulatory requirementsPartner with Legal team to manage intellectual property portfolioPartner with Business Development group to identify companies for potential partnership and/or acquisitionDevelop and manage relationships with physicians and health care professionals for key strategic alliancesManage global R&D budgets to ensure product pipeline and business objectives are metPerform other related duties and responsibilities, on occasion, as assignedMinimum QualificationsBachelor of Science degree in technical fieldMedical device industry experience is requiredMinimum 15+ years of progressive leadership experience in high-volume, multi-product, global product development environmentsMinimum of 5+ years in a hands-on product development technical roleExperience in leading large multi-functional R&D teams including systems, mechanical, electrical and softwareExceptional leadership and people management skills, including demonstrated ability to coach, mentor and develop employees; The ability to set goals and provide positive and constructive feedback respectfully to build positive relationships and improve business resultsAbility to travel up to 30%, including internationallyPreferred QualificationsMBA a plusTrack record of delivering complex projects on time and on-budgetDemonstrated success in partnering with business operations and applying product development practices that positively impact business operationsSelf-directed with strong business acumen; Ability to analyze, forecast and manage critical expenses and obligationsStrong organizational, planning and project management skillsStrong demonstration of good business judgment and effective interpersonal skills in conflict resolutionExperience working in a large scale, matrixed, global environmentSignificant experience in identifying and driving culture change and excellenceAbility to work effectively within a team in a fast-paced changing environmentStrong leadership skills, including the ability to set goals and provide positive and constructive feedback respectfully to build positive relationships and improve business resultsMust have ability to understand complex concepts including disease states/physiology and technical/product informationPrevious experience representing R&D technology to external KOLs, other functions and businesses at Abbott, and the industry as a wholeTrack record of successfully driving teams to concurrently deliver multiple large-scale programsApply 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: - 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 , on Facebook at and on Twitter @AbbottNews and @AbbottGlobal The salary for this role is between $232,300 - $464,700Job SummaryJob number: 31045602Date posted : 2022-12-30Profession: Research & DevelopmentEmployment type: Full time

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