Are you a strategic leader with a strong background in portfolio management within the medical device industry? We are seeking a Director of Portfolio Management (Med Device) in Los Angeles, CA, to oversee and optimize a diverse portfolio of innovative medical device products. This executive role requires a results-driven professional with expertise in product lifecycle management, strategic planning, and cross-functional leadership. If you have a track record of managing complex product portfolios and aligning business goals with market needs, this is an opportunity to make a significant impact in a fast-growing organization.
As the Director of Portfolio Management (Med Device) in Los Angeles, CA, you will be responsible for evaluating, prioritizing, and managing the company’s product portfolio to ensure continued market leadership. You will work closely with R&D, marketing, sales, and regulatory teams to develop strategic roadmaps that drive innovation and revenue growth. If you are passionate about guiding product strategies and ensuring that the medical device portfolio aligns with business objectives, we want to hear from you.
About This Role
The Director of Portfolio Management (Med Device) in Los Angeles, CA will play a pivotal role in shaping the company’s product portfolio strategy and ensuring the success of new and existing medical device products. This role requires strategic thinking, market analysis, and the ability to manage competing priorities across various business units. You will be at the forefront of identifying growth opportunities, optimizing resource allocation, and ensuring that products align with customer needs and regulatory requirements.
As the Director of Portfolio Management (Med Device) in Los Angeles, CA, you will lead portfolio planning, collaborate with cross-functional teams, and drive decision-making processes that impact the company’s long-term success. This is a unique opportunity to join an industry-leading medical device company, where you will shape portfolio strategies, maximize product value, and contribute to business growth in a highly competitive market.
Key Responsibilities – Director of Portfolio Management (Med Device) in Los Angeles, CA
1. Develop and Execute Portfolio Strategy
- Define and implement a comprehensive portfolio management strategy that aligns with business goals.
- Assess market trends, competitive landscape, and industry innovations to make data-driven decisions.
- Create long-term portfolio roadmaps that maximize market impact and revenue potential.
2. Optimize Product Lifecycle Management
- Oversee the entire lifecycle of medical device products, from development to market exit.
- Collaborate with R&D, marketing, and regulatory teams to ensure smooth product transitions.
- Identify opportunities for product enhancements, expansions, or discontinuations based on market demand.
3. Lead Cross-Functional Collaboration
- Partner with engineering, marketing, sales, and finance teams to align portfolio strategy with business objectives.
- Facilitate communication and decision-making processes across various departments.
- Act as a bridge between leadership and operational teams, ensuring alignment in portfolio planning.
4. Market and Competitive Analysis
- Conduct market research, customer feedback analysis, and competitor benchmarking to inform portfolio decisions.
- Identify emerging trends in the medical device sector to guide strategic initiatives.
- Ensure that the company remains competitive and responsive to industry changes.
5. Drive Financial and Business Performance
- Manage financial performance metrics related to product profitability and market share.
- Develop pricing strategies that enhance profitability while maintaining competitive positioning.
- Work with finance teams to optimize budget allocations for portfolio investments.
6. Risk Management and Compliance
- Ensure that all portfolio decisions align with regulatory, quality, and compliance standards.
- Identify potential risks in product development and market strategies, and implement mitigation plans.
- Work closely with regulatory affairs and quality assurance teams to navigate compliance challenges.
7. Innovation and New Product Planning
- Identify opportunities for new product development and market expansion.
- Guide R&D teams in prioritizing projects that align with business objectives.
- Develop frameworks for evaluating investment in emerging technologies and breakthrough innovations.
8. Leadership and Team Development
- Build and mentor a high-performing portfolio management team.
- Foster a culture of strategic thinking, collaboration, and continuous improvement.
- Lead training programs to enhance team capabilities in portfolio management best practices.
What The Client is Looking For in You
To excel as the Director of Portfolio Management (Med Device) in Los Angeles, CA, you should possess a combination of strategic expertise, cross-functional leadership skills, and deep knowledge of the medical device industry. The ideal candidate will have:
- Extensive Experience in Portfolio Management – A strong track record in medical device portfolio management, including product lifecycle planning, commercialization, and go-to-market strategies.
- Strategic Vision and Decision-Making – The ability to assess market opportunities, align product roadmaps with business goals, and drive data-driven decisions that optimize portfolio performance.
- Cross-Functional Leadership Skills – Proven success in working with R&D, marketing, sales, finance, and regulatory teams to align portfolio strategy with business growth.
- Market and Competitive Analysis Expertise – The ability to analyze industry trends, customer needs, and competitive movements to inform strategic portfolio decisions.
- Regulatory and Compliance Knowledge – Familiarity with FDA regulations, ISO standards, and other compliance requirements affecting medical device development and commercialization.
- Financial Acumen – Strong experience in managing budgets, profitability analysis, and revenue forecasting to maximize product value and business impact.
- Innovation-Driven Mindset – A forward-thinking approach that embraces emerging technologies, market shifts, and disruptive innovations in the medical device industry.
- Exceptional Communication and Leadership Abilities – A proven ability to influence stakeholders, present data-driven insights, and mentor teams toward achieving portfolio excellence.
Why This Opportunity Stands Out
This role is a high-impact leadership position in a growing and innovative medical device company. As the Director of Portfolio Management (Med Device) in Los Angeles, CA, you will:
- Lead a Cutting-Edge Portfolio – Manage a diverse and growing portfolio of medical device products, influencing product roadmaps and business strategies.
- Drive Innovation in Healthcare – Play a key role in bringing life-changing medical technologies to market, improving patient outcomes, and shaping industry advancements.
- Competitive Compensation & Benefits – Enjoy an attractive salary, performance-based incentives, and a comprehensive benefits package designed for top executives.
- Work in a Fast-Paced, Growth-Oriented Environment – Join a high-growth company that values strategic decision-making, innovation, and cross-functional collaboration.
- Impact Business Success – Have a direct influence on revenue growth, market expansion, and business profitability by shaping the company’s portfolio strategy.
- Collaborate with Industry Leaders – Work alongside top executives, product development teams, and commercial leaders to ensure market leadership in the medical device space.
FAQs About the Role
Q: What industries should I have experience in?
A: You should have a strong background in portfolio management within the medical device industry, with expertise in product lifecycle strategy, market analysis, and business growth initiatives.
Q: What is the primary focus of this role?
A: The role focuses on managing the company’s product portfolio, optimizing resource allocation, and aligning product strategies with market needs and business objectives.
Q: Does this position require relocation?
A: This role is based in Los Angeles, CA. Candidates must be open to relocation or already reside in the area.
Q: What qualifications are required for this role?
A: A bachelor’s or master’s degree in business, marketing, engineering, or a related field, along with 10+ years of experience in medical device portfolio management. Strong financial acumen and strategic thinking skills are essential.
Q: What is the reporting structure for this role?
A: The Director of Portfolio Management (Med Device) in Los Angeles, CA will report directly to the Chief Commercial Officer (CCO) and work closely with R&D, sales, and marketing leadership.
Q: What type of leadership style is preferred?
A: We are looking for a strategic, data-driven, and collaborative leader who can drive innovation, foster teamwork, and guide cross-functional initiatives.
Q: What is the expected travel requirement?
A: This role may require occasional domestic and international travel for meetings, industry conferences, and strategic planning sessions.
Q: What is the timeline for hiring and onboarding?
A: The company is actively seeking the right candidate and aims to complete the hiring process within the next 60–90 days. Onboarding will include strategy sessions with leadership, in-depth training on the current portfolio, and alignment on long-term business goals.
What Remuneration Can You Expect from This Job?
As the Director of Portfolio Management (Med Device) in Los Angeles, CA, you can expect a highly competitive compensation package that reflects the seniority and strategic importance of this role. The base salary ranges from $180,000 to $220,000 per year, depending on experience, industry expertise, and track record in portfolio management and commercial strategy within the medical device sector.
In addition to the base salary, this position includes performance-based bonuses and incentives, tied to key business outcomes such as portfolio growth, market expansion, revenue performance, and product success metrics. Top performers may also be eligible for equity options or stock grants, offering an opportunity to participate in the company’s long-term financial success.
The benefits package includes comprehensive healthcare coverage (medical, dental, and vision), a 401(k) retirement plan with company matching, paid time off, professional development opportunities, and executive-level perks. Additional benefits may include a relocation package, travel allowances, and access to industry conferences to stay ahead of market trends and innovations.
This role not only offers a lucrative financial package but also the chance to make a significant impact on the future of medical technology, leading strategic initiatives in a dynamic, high-growth company.
How to Apply for This Director of Portfolio Management (Med Device) Position in Los Angeles, CA
If you are a strategic and results-driven portfolio management leader with a strong background in medical devices, product lifecycle management, and market strategy, we encourage you to apply for the Director of Portfolio Management (Med Device) in Los Angeles, CA. This is an outstanding opportunity to lead product strategy, optimize portfolio performance, and contribute to the growth of an innovative medical device company.
To apply, please submit your resume and a cover letter detailing your experience in portfolio management, product lifecycle strategy, market expansion, and business growth within the medical device industry.
This role offers a unique opportunity to influence business success, drive product strategy, and collaborate with top industry professionals. Apply today to take the next step in your executive career as a Director of Portfolio Management (Med Device) in Los Angeles, CA!
For more information or to explore similar opportunities, visit our Medical Device Recruiters Page.
Tags:
Director of Portfolio Management | Medical Device Portfolio Strategy | Healthcare Product Management | Product Lifecycle Leadership
