Product Manager Job at Terumo Medical Corporation, Somerset, NJ

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  • Terumo Medical Corporation
  • Somerset, NJ

Job Description

Job Summary:

The Product Manager works with the Marketing team to ensure successful commercialization and sustained sales in the Canadian market. This position is responsible for the successful execution of business strategy and tactics including product training, marketing collateral development, tradeshow attendance and execution, and overall franchise and product support. This position communicates with the sales force regarding new product development, product updates and availability, and provides ongoing product updates as related to sales, positioning, best practices, competitive analysis, and selling strategies. This position offers technical assistance as needed to sales team, distributor representatives and end users. In addition, this role will work closely with the Product Management team on promotional and advertising programs, and will perform varying daily Marketing activities.

Job Details:

  1. Develop comprehensive marketing plans for assigned products.
  2. Prepare regular product forecasts based on customer information and market analysis. Analyze and regularly report on product usage trends.
  3. Analyze, revise and coordinate with manufacturing the necessary production forecasts for all market areas (US, Europe, etc). Ensure that an adequate inventory of products is maintained at all times.
  4. Responsible for traditional marketing deliverables such as business plans, pricing, product positioning, promotional strategies, life cycle plans and advising on product improvements and new product needs.
  5. Develop sales and marketing tactics to include but not limited to brochures, trade advertising, training manuals, show materials and other collateral materials with input from Marketing and Sales.
  6. Support sales education with updated materials and communications on an ongoing basis.
  7. Analyze and report on a regular basis market trends, sales and competitive information and its effect on the performance of the portfolio.
  8. Pursue product line extensions, labeling revisions, clinical studies and any other activities which would ultimately build the value of the product line and maximize product line earnings.
  9. Routinely communicate with the sales force regarding product updates and availability, competitive activity, sales positioning, best practices, and new product development updates.
  10. Develop rationale and make recommendations to management on pricing, manufacturing, packaging, distribution, promotion, market research, regulatory, legal and any issue which impacts product responsibility.
  11. Develop and expand technical knowledge necessary for product line management and customer interaction.
  12. Remain abreast of the market, the competition and the environment. Act as an information resource to all functional areas. Identify key competitors, understand and analyze the competitive market environment and act to position TIS as the preferred product supplier.
  13. Identify and propose new projects which will enhance the performance of the product line, broaden the offerings and maximize the product line earnings.
  14. Maintain active contact with key physicians regarding clinical research as it relates to current and future product requirements.
  15. Demonstrate a commitment to patient safety and product quality by maintaining compliance with all TMC Quality Systems requirements. This includes but is not limited to the prompt recognition and forwarding of customer complaints (i.e. adverse events, product performance reports, etc.) to Quality Assurance (QA), and by ensuring all promotional messaging (i.e. branding strategies, product claims, etc.) and materials (i.e. literature) discussed or presented to customers are clinically accurate and adhere to AdvaMed guidelines and Terumo’s policy on Interactions with Healthcare Professionals. Maintain strong knowledge of and adherence to regulations regarding promotional material content and control. Follow procedures for good clinical practices and Design Control when participating in new product development and clinical activities. Fully adhere to all applicable FDA regulations, international guidelines and Terumo’s policies at all times.
  16. Perform other job related duties as assigned.

Working Conditions/Physical Requirements

  1. This position exists in an office environment. Approximately 30% overnight travel is required including occasional weekend travel.
  2. Occasional entry to hospitals and other medical facilities is required. Many facilities have instituted vendor credentialing policies which require vendors to meet defined training, background check and proof of immunization requirements as a condition of entry. Terumo Associates entering these facilities are required to abide by these credentialing requirements.
  3. When visiting hospitals and other medical facilities, must be able to gain access to and work in the IR suite, Cath lab and operating room. Entry into these areas requires an ability to wear appropriate gowning, stand for long periods of time, comply with hospital policy/protocol and be aware of potential biohazards such as blood borne pathogens.

Knowledge, Skills and Abilities (KSA)

  • Must have strong knowledge of the human anatomy specifically including the vascular and venous systems.
  • Ability to understand complex medical procedures and engage in in-depth technical conversations with physicians, staff and key opinion leaders regarding medical procedures and proper product usage. Is seen by physicians, staff and others as knowledgeable and credible.
  • Proficient in Microsoft Office applications and I-Pad navigation.
  • Ability to work on multiple projects simultaneously and be flexible enough to change priorities with short notice when necessary.
  • Must possess excellent interpersonal skills and an ability to relate well with Territory Managers, Region Managers, and customers on the phone and in person.
  • Must be able to work independently with minimal direction.
  • Must exhibit strong teamwork and be adapt at working cross-functionally.
  • Verbal and written communication skills in both French & English a plus

Qualifications/ Background Experiences

  • Typically requires a Bachelor's degree, preferably in marketing, business, biological/clinical science, or engineering; or possesses equivalent clinical qualifications.
  • Requires a minimum of 5 years overall business experience in Product Management in the medical device marketplace or a minimum of 3 years of marketing experience with additional experience in medical device engineering and/or sales.
  • Demonstrated track record of managing products including meeting revenue and profit objectives.

Job Tags

Flexible hours, Night shift,

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