Portfolio Manager I

Reporting to: VP Strategic Portfolio Management Production Supplies Europe
The Director Strategic Portfolio Management will define and manage our supplier product and service portfolio strategy, ensuring that the product portfolio meets customer needs and enhances Avantors value proposition. Collaboration is key: While the Strategic Portfolio Management team oversees the ongoing strategy for their portfolio the Strategic Sourcing team will negotiate the best commercial terms and the Marketing team will commercialize the products and services.

Position Description

• Accountable for the long-term strategy, development, ongoing management, and financial performance of the Cell Culture Consumables product portfolio. Looking for a candidate with a strong background in 3D Cell Culture, Organoid development, and Spatial Biology as a plus.

Job Responsibilities

• Portfolio Financial Performance: Monitor key performance metrics (KPIs) such as revenue growth, profitability, market share to identify opportunities for mix-shift, product optimization and improvement. Accountable for portfolio financial performance (revenue & profitability performance). Implement initiatives to improve portfolio revenue and profitability performance.
• Portfolio Strategy: Develop and communicate (with access to support/coaching) the portfolio vision, strategy, and roadmap for Supplier & Avantor Proprietary brands based on market research, customer feedback, and business goals. Align these to key workflows/applications in collaboration with strategic marketing.
• Supplier Management: Participate in relationship mgt with Strategic/Key suppliers. Manage relationships with mid-tier suppliers. Develop & implement supplier stratification (VAS/VPC), go to market strategies & initiatives and align to portfolio & workflow/application strategy. Work with internal stakeholders including sourcing & marketing to ensure execution of supplier initiatives.
• Product Life-Cycle Management: Manage the life-cycle of product portfolios and define and implement strategies for rationalization and/or replacement & conversion.
• Market & Competitive Analysis: In collaboration with strategic marketing, conduct market research and competitive analysis to understand customer needs, market trends, and competitive landscape. Identify and implement opportunities for product and portfolio differentiation.
• Portfolio Development: Define product requirements, plan development roadmap, and oversee the product development & introduction process for Supplier and Proprietary products.
• Product Launch Planning & Execution: Manage pre-launch product management activities working closely with marketing and commercialization teams to develop go-to-market strategies, messaging, pricing and positioning for products. Support marketing efforts with product-related content, collateral, and sales enablement tools. Coordinate product launches (NPI), including defining launch plans & objectives, launch schedules, training and ensuring smooth rollout.
• Stakeholder Communication: Communicate product updates, progress, and decisions to stakeholders, including sourcing, marketing, sales, operations, and supplier partners, soliciting feedback to inform product decisions.
• Subject Matter Expert: Serve as a product subject matter expert, advocating for the product vision and value proposition, and building relationships with customers, partners, and industry influencers

Core Competencies

• Strategic Thinking: Ability to think strategically and align portfolio decisions with business goals and market opportunities.
• Market and Customer Insight: Strong understanding of market dynamics, customer needs, and competitive landscape, and ability to translate insights into actionable product strategies.
• Analytical Skills: Proficiency in data analysis and interpretation to make informed decisions, prioritize features, and measure portfolio performance.
• Business & Financial acumen: strong understanding of business operations, comprehension and application of financial knowledge to analyse, interpret, and make informed decisions.
• Communication Skills: Excellent verbal and written communication skills to articulate product vision, requirements, and benefits to diverse audiences, including technical and non-technical stakeholders.
• Collaboration: Ability to collaborate effectively with cross-functional teams, including sourcing, operations, marketing, sales, and customer support, to drive product and portfolio success.
• Problem-Solving Skills: Strong problem-solving abilities to address challenges and obstacles in the product development process and find creative solutions to meet user needs and business objectives.
• Technical Aptitude: Expert understanding of portfolio technologies, applications, and scientific workflows in various end market applications. 
• Adaptability: Flexibility to adapt to changing market conditions, customer feedback, and business priorities, and adjust product strategies and priorities accordingly.

Disclaimer:
The above statements are intended to describe the general nature and level of work being performed by employees assigned to this classification. They are not intended to be construed as an exhaustive list of all responsibilities, duties and skills required of employees assigned to this position. Avantor is proud to be an equal opportunity employer.

Why Avantor?

Dare to go further in your career. Join our global team of 14,000+ associates whose passion for discovery and determination to overcome challenges relentlessly advances life-changing science.
 
The work we do changes people's lives for the better. It brings new patient treatments and therapies to market, giving a cancer survivor the chance to walk his daughter down the aisle. It enables medical devices that help a little boy hear his mom's voice for the first time. Outcomes such as these create unlimited opportunities for you to contribute your talents, learn new skills and grow your career at Avantor.
 
We are committed to helping you on this journey through our diverse, equitable and inclusive culture which includes learning experiences to support your career growth and success. At Avantor, dare to go further and see how the impact of your contributions set science in motion to create a better world. Apply today!

EEO Statement:

We are an Equal Employment/Affirmative Action employer and VEVRAA Federal Contractor. We do not discriminate in hiring on the basis of sex, gender identity, sexual orientation, race, color, religious creed, national origin, physical or mental disability, protected Veteran status, or any other characteristic protected by federal, state/province, or local law.

If you need a reasonable accommodation for any part of the employment process, please contact us by email at [email protected] and let us know the nature of your request and your contact information. Requests for accommodation will be considered on a case-by-case basis. Please note that only inquiries concerning a request for reasonable accommodation will be responded to from this email address.

For more information about equal employment opportunity protections, please view the Equal Employment Opportunity is THE LAW Poster, EEO is the Law Poster Supplement, and Pay Transparency Non-Discrimination Provision.

3rd Party Non-Solicitation Policy:

By submitting candidates without having been formally assigned on and contracted for a specific job requisition by Avantor, or by failing to comply with the Avantor recruitment process, you forfeit any fee on the submitted candidates, regardless of your usual terms and conditions. Avantor works with a preferred supplier list and will take the initiative to engage with recruitment agencies based on its needs and will not be accepting any form of solicitation.