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US Structural Heart Commercial Strategy Director - job 2 of 2

We anticipate the application window for this opening will close on - 18 Apr 2025


 

At Medtronic you can begin a life-long career of exploration and innovation, while helping champion healthcare access and equity for all. You’ll lead with purpose, breaking down barriers to innovation in a more connected, compassionate world.

A Day in the Life

The US Structural Heart Commercial Strategy Director is responsible for driving accelerated growth and making rigorous, fact-based strategic decisions across the US Structural Heart commercial business, which is part of the Medtronic Cardiovascular Portfolio.  This role will report to the Senior Director of Structural Heart, Commercial Strategy & Performance.

Success in the role will rely heavily on collaborating with our US sales organization and cross-functional teams to identify, execute, and deliver growth opportunities. This may include but is not limited to strategic account opportunities, competitive account conversion strategies, and inorganic partnerships. Importantly, the role will be responsible for delivering incremental growth in patients served and revenue by working to identify the most impactful opportunities to accelerate the US Structural Heart business.

The Director must be detail-oriented and self-motivated, with excellent analytic, facilitation, and communication skills (both oral and written). The Director will work collaboratively with team members across Medtronic, with an emphasis on coordination of operating unit and regional activities, to manage the development of processes, tools, and outputs that support strategic decision-making and execution. The role will also serve as a trusted partner to the US Sales VP, facilitating effective decision-making and coordinating strategic initiatives in collaboration with the Structural Heart business's Commercial Strategy and Performance organization. Ultimately, this role will be responsible for translating strategy to execution and results.

We value what makes you unique. Be a part of a company that thinks differently to solve problems, make progress, and deliver meaningful innovations.

Key Responsibilities:

  • Work with a multidisciplinary team to enhance and strengthen various initiatives, strategies, and execution plans
  • Work with the Sr. Director, Commercial Strategy & Performance to drive strategy and execution through the US region
  • Maintain relationships with select US KOLs to understand customer needs
  • Maintain positive and cooperative communications and collaboration with all levels of employees and customers
  • Assist in enhancing Salesforce effectiveness and developing supplementary solutions to facilitate strategic insight and execution.
  • Support the Strategic Management Team’s IDN and GPO strategies, contract analysis, and execution strategies
  • Support US field leaders on the execution of US sales/marketing strategies
  • Responsible for planning, initiating, monitoring, tracking, and/or prioritizing sales and marketing support projects and process improvement initiatives and facilitating successful, on-time, and within-budget execution
  • Understand the field's clinical needs and resource requirements and ensure that the business provides the appropriate tools and training to support these needs.
  • Independently develop and share insights to help position the business for success
  • Interact and work closely with other departments, such as (but not limited to) Sales, Marketing, IT, Marketing Comms, & Market Development to ensure adequate support to the sales and marketing functions
  • Execute strategic initiatives within the field organization, tailored to geographical needs, to drive product adoption and grow revenue.
  • Partner on evaluating and implementing inorganic opportunities or external partnerships as appropriate.

Basic Qualifications

KNOWLEDGE/EDUCATION

  • Bachelor’s degree in Business, Marketing, or a related field

JOB EXPERIENCE

  • 10+ years’ experience in leading and managing the execution of programs and processes in a sales, marketing, or technical role
  • Requires specialized and mastery-level business knowledge, general/broad management, and leadership capability to lead multiple business or functional teams
  • Ability to travel up to 50% of time

SKILLS/COMPETENCIES

  • Generating creative new business ideas and strategies
  • Leading or managing teams and change initiatives
  • Outstanding analytical abilities, financial acumen, and business judgment
  • Knowledge of financial modeling, including the ability to perform sensitivity analyses and critically interpret the results
  • Ability to develop strategic business plans
  • Strong understanding of market research techniques and ability to derive insights from the data
  • Outstanding communication skills, including the ability to summarize complex strategies and data in a clear and concise manner
  • Advanced Microsoft Word, Excel and PowerPoint skills
  • Demonstrated success in people or program management

Preferred Qualifications

KNOWLEDGE/EDUCATION

• Master’s degree or MBA

JOB EXPERIENCE

  • Experience in medical devices, healthcare, management consulting and/or investment banking desirable
  • Experience in a Sales, Business Development and/or Strategy function

Physical Job Requirements

The above statements are intended to describe the general nature and level of work being performed by employees assigned to this position, but they are not an exhaustive list of all the required responsibilities and skills of this position. 

The physical demands described within the Responsibilities section of this job description are representative of those that must be met by an employee to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions. For Office Roles: While performing the duties of this job, the employee is regularly required to be independently mobile. The employee is also required to interact with a computer, and communicate with peers and co-workers. Contact your manager or local HR to understand the Work Conditions and Physical requirements that may be specific to each role.

Benefits & Compensation
 

Medtronic offers a competitive Salary and flexible Benefits Package
A commitment to our employees lives at the core of our values. We recognize their contributions. They share in the success they help to create.  We offer a wide range of benefits, resources, and competitive compensation plans designed to support you at every career and life stage.
 

Salary ranges for U.S (excl. PR) locations (USD):$172,800.00 - $259,200.00

This position is eligible for a short-term incentive called the Medtronic Incentive Plan (MIP).

This position is eligible for an annual long-term incentive plan.

The base salary range is applicable across the United States, excluding Puerto Rico and specific locations in California. The offered rate complies with federal and local regulations and may vary based on factors such as experience, certification/education, market conditions, and location. Compensation and benefits information pertains solely to candidates hired within the United States (local market compensation and benefits will apply for others).

The following benefits and additional compensation are available to those regular employees who work 20+ hours per week: Health, Dental and vision insurance, Health Savings Account, Healthcare Flexible Spending Account, Life insurance, Long-term disability leave, Dependent daycare spending account, Tuition assistance/reimbursement, and Simple Steps (global well-being program).

 

The following benefits and additional compensation are available to all regular employees: Incentive plans, 401(k) plan plus employer contribution and match, Short-term disability, Paid time off, Paid holidays, Employee Stock Purchase Plan, Employee Assistance Program, Non-qualified Retirement Plan Supplement (subject to IRS earning minimums), and Capital Accumulation Plan (available to Vice Presidents and above, or subject to IRS earning minimums).

 

Regular employees are those who are not temporary, such as interns.  Temporary employees are eligible for paid sick time, as required under applicable state law, and the Employee Stock Purchase Plan. Please note some of the above benefits may not apply to workers in Puerto Rico.

 

Further details are available at the link below:

Medtronic benefits and compensation plans

About Medtronic

We lead global healthcare technology and boldly attack the most challenging health problems facing humanity by searching out and finding solutions.
Our Mission — to alleviate pain, restore health, and extend life — unites a global team of 95,000+ passionate people. 
We are engineers at heart— putting ambitious ideas to work to generate real solutions for real people. From the R&D lab, to the factory floor, to the conference room, every one of us experiments, creates, builds, improves and solves. We have the talent, diverse perspectives, and guts to engineer the extraordinary.

Learn more about our business, mission, and our commitment to diversity here.

It is the policy of Medtronic to provide equal employment opportunity (EEO) to all persons regardless of age, color, national origin, citizenship status, physical or mental disability, race, religion, creed, gender, sex, sexual orientation, gender identity and/or expression, genetic information, marital status, status with regard to public assistance, veteran status, or any other characteristic protected by federal, state or local law. In addition, Medtronic will provide reasonable accommodations for qualified individuals with disabilities.

If you are applying to perform work for Medtronic, Inc. (“Medtronic”) in any position which will involve performing at least two (2) hours of work on average each week within the unincorporated areas of Los Angeles County, you can find here a list of all material job duties of the specific job position which Medtronic reasonably believes that criminal history may have a direct, adverse and negative relationship potentially resulting in the withdrawal of a conditional offer of employment. Medtronic will consider for employment qualified job applicants with arrest or conviction records in accordance with the Los Angeles County Fair Chance Ordinance for Employers and the California Fair Chance Act.

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Average salary estimate

$216000 / YEARLY (est.)
min
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$172800K
$259200K

If an employer mentions a salary or salary range on their job, we display it as an "Employer Estimate". If a job has no salary data, Rise displays an estimate if available.

What You Should Know About US Structural Heart Commercial Strategy Director, Medtronic

Join Medtronic as the US Structural Heart Commercial Strategy Director and embark on an inspiring journey in healthcare innovation! Based in Minneapolis, Minnesota, this role offers you the chance to lead with purpose, as you work to break down barriers and increase access to life-saving treatments. In this dynamic position, you'll be at the helm of driving growth for our US Structural Heart business within the Medtronic Cardiovascular Portfolio. Collaborating with our dedicated sales team and various cross-functional partners, your strategic insights will help identify and execute initiatives that not only enhance revenue but also improve patient outcomes. You'll play a critical role in building relationships with key opinion leaders, ensuring the tools and training our teams need are readily available. Experience the thrill of translating strategies into impactful results, all while being supported by a robust network of talented professionals at Medtronic. This is your opportunity to make a real difference in the healthcare landscape while growing your career in a company that values creativity and innovation. If you're detail-oriented, possess strong analytical skills, and enjoy collaborating with others, we want you on our team. Embrace the chance to develop strategies that resonate with our mission of alleviating pain, restoring health, and extending lives. Let’s work together to create positive change in the world of healthcare!

Frequently Asked Questions (FAQs) for US Structural Heart Commercial Strategy Director Role at Medtronic
What responsibilities does the US Structural Heart Commercial Strategy Director at Medtronic have?

The US Structural Heart Commercial Strategy Director at Medtronic is responsible for driving strategic growth initiatives across the US Structural Heart business. This role involves collaboration with the sales organization and cross-functional teams to identify growth opportunities, enhance customer relationships, and execute effective marketing strategies. Additionally, the Director will focus on delivering analytical insights that facilitate informed business decisions.

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What qualifications are required for the US Structural Heart Commercial Strategy Director position at Medtronic?

To be successful in the US Structural Heart Commercial Strategy Director role at Medtronic, candidates should possess at least a bachelor's degree in Business, Marketing, or a related field. A minimum of 10 years of relevant experience in sales, marketing, or strategy is essential, along with advanced analytical and communication skills. Preferred qualifications include a master's degree or MBA and experience in medical devices or healthcare.

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How does the US Structural Heart Commercial Strategy Director contribute to team growth at Medtronic?

The US Structural Heart Commercial Strategy Director contributes to team growth at Medtronic by leading initiatives that identify and execute business strategies aimed at expanding the customer base and enhancing revenue. This includes working closely with sales and marketing teams, providing tools and training, and influencing decisions that align with overall business goals. Their leadership fosters a collaborative environment that drives collective success.

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What skills are essential for the US Structural Heart Commercial Strategy Director at Medtronic?

Essential skills for the US Structural Heart Commercial Strategy Director role at Medtronic include outstanding analytical abilities, strong business judgment, and exceptional communication skills. Candidates should also be proficient in financial modeling and have a foundational understanding of market research techniques. Creative thinking and the ability to lead teams and change initiatives are crucial for success in this position.

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What kind of work environment can a US Structural Heart Commercial Strategy Director expect at Medtronic?

At Medtronic, the work environment for a US Structural Heart Commercial Strategy Director is collaborative and dynamic. The role requires regular interaction with multiple teams, including sales, marketing, and IT, to ensure smooth execution of strategies. The culture emphasizes innovation, and employees are encouraged to share insights and ideas that contribute to the overall mission of improving healthcare outcomes.

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Common Interview Questions for US Structural Heart Commercial Strategy Director
Can you describe your experience in leading commercial strategy initiatives?

When discussing your experience leading commercial strategy initiatives, focus on specific projects you have managed, the strategies you implemented, and the outcomes achieved. Highlight your analytical skills and how they informed your decision-making. Providing quantifiable results or case studies can effectively illustrate your success.

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How do you approach cross-functional collaboration?

In your answer, emphasize the importance of open communication and shared goals in cross-functional collaboration. Share examples of how you have worked with various departments to achieve strategic objectives. Highlight your ability to tailor your communication style to different audiences to ensure alignment and effectiveness.

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What methods do you use to analyze market trends?

Explain your methods for analyzing market trends, such as utilizing market research, data analytics, and competitive analysis tools. Discuss your process for interpreting data to draw actionable insights that can inform strategic decisions and drive business growth.

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How do you maintain relationships with key opinion leaders?

Discuss your strategies for building and maintaining relationships with key opinion leaders (KOLs), emphasizing active listening, understanding their needs, and providing value in your interactions. Share specific experiences where these relationships have positively impacted business outcomes.

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Can you provide an example of a challenging strategic initiative you led?

Present a detailed account of a challenging strategic initiative, outlining the challenges faced, the steps you took to overcome them, and the final outcomes. Highlight your leadership qualities and problem-solving abilities to showcase how you manage difficult situations effectively.

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What role does data play in your decision-making process?

Data plays a crucial role in my decision-making process as it provides the foundation for informed and rational strategies. Discuss how you use various data sources to identify opportunities, assess risks, and track performance metrics to ensure the effectiveness of your initiatives.

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How do you approach strategic planning in a highly competitive environment?

When approaching strategic planning in a competitive environment, I analyze competitor strategies, market positioning, and customer preferences. I focus on identifying unique value propositions and finding niches that can set our offerings apart from competitors. Collaboration with cross-functional teams is key in formulating a cohesive strategy.

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What tools do you use to enhance sales effectiveness?

Discuss any specific sales tools or software you have utilized, such as Salesforce, to track sales performance, generate insights, and support the sales team with data-driven strategies. Explain how you have tailored these tools to meet the needs of your team strategically.

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How do you ensure alignment between sales and marketing efforts?

Emphasize the importance of clear communication and regular collaboration between sales and marketing teams. Share strategies you’ve used to maintain alignment, such as shared goals, joint planning sessions, and utilizing data to inform both teams' activities.

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How do you handle changes in strategy or unexpected challenges in a project?

In your response, express your adaptability and proactive problem-solving approach. Provide examples of times you’ve successfully navigated strategic shifts or unexpected challenges, focusing on how you realigned your team or project to meet the new objectives.

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Mission Written in 1960, our Mission dictates that our first and foremost priority is to contribute to human welfare. Over a half-century later, the Mission continues to serve as our ethical framework and inspirational goal for our employees aroun...

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