Portfolio Operations Specialist

Novo Nordisk

Full-time - Senior

Merchant Wholesalers, Nondurable Goods

About the position

The Portfolio Operations Specialist will play a pivotal role in overseeing Novo Nordisk's product portfolio across its lifecycle and ensuring central management for the relevant therapy area. This role is responsible for developing and executing strategies to optimize the performance of products from launch through maturity and Loss of Exclusivity (LOEs), ensuring alignment with business objectives and market dynamics. The position is situated within the Commercial Strategy and Marketing group, which focuses on creating human-centered experiences that drive value through innovation and customer-centricity. The team is dedicated to crafting experiences that are fully integrated and aligned, putting empathy at the center of their strategies, powered by insights and foresight. In this role, the Portfolio Operations Specialist will conduct comprehensive assessments of the company's therapy area product portfolio, understanding each product's current market positioning, competitive landscape, revenue potential, and strategic importance to the organization. The specialist will develop and implement strategic plans for products across their lifecycle, collaborating with cross-functional teams to refine product positioning, pricing strategies, and lifecycle management tactics. This includes leading the development of comprehensive lifecycle management plans, identifying opportunities for portfolio optimization, and proactively managing risks associated with product lifecycle management. The specialist will also be responsible for anticipating and planning for upcoming Loss of Exclusivity (LOE) events, developing strategies to mitigate the impact of generic competition on revenue and market share. Establishing centralized management processes and frameworks will be crucial for streamlining portfolio oversight and decision-making, ensuring alignment with portfolio strategies across various commercial teams, medical affairs, regulatory affairs, and other stakeholders. The role requires monitoring the performance of products within the portfolio, tracking key performance indicators (KPIs) such as sales, market share, and profitability, and making recommendations for portfolio adjustments to maximize value.

Responsibilities

• Conduct a comprehensive assessment of the company's therapy area product portfolio.
• Develop and implement strategic plans for products across their lifecycle, including launches and mature brands.
• Lead the development of comprehensive lifecycle management plans for each product in the therapy area portfolio.
• Identify opportunities for portfolio optimization and value enhancement through lifecycle extension strategies.
• Proactively identify and mitigate risks associated with product lifecycle management.
• Anticipate and plan for upcoming Loss of Exclusivity (LOE) events.
• Establish centralized management processes and frameworks to streamline portfolio oversight and decision-making.
• Monitor the performance of products within the portfolio, tracking key performance indicators (KPIs).

Requirements

• Requires a Bachelor's degree; Master's degree preferred.
• 10+ years of experience in commercial strategy, portfolio management, lifecycle planning or related functions.
• Strong understanding of the pharmaceutical industry, including launch strategies, patent expirations, and market access considerations.
• Proven track record of developing and implementing successful lifecycle management strategies for pharmaceutical products across various therapeutic areas.
• Excellent analytical skills, with the ability to interpret complex data sets, identify trends, and draw actionable insights to drive decision-making.
• Strong project management abilities, with experience leading cross-functional teams and managing multiple projects simultaneously.
• Excellent communication and interpersonal skills, with the ability to effectively collaborate with stakeholders at all levels of the organization.
• Strategic mindset, with the ability to think critically, anticipate future trends, and develop innovative solutions.