Chief Product Officer (CPO)
Location: Hybrid/Remote. The successful candidate can work on a Hybrid/Remote basis reporting into our physical office in Boston 2 days a week
Status: Permanent, Full Time
Package: Competitive Salary, LTIP's, Bonus Scheme, Remote/Home Working (with one-off allowance), Flexible Working, Development & Opportunity (Personal & Technical), Medical Insurance, Dental Insurance, Vision Insurance, Life Insurance, Long Term & Short-Term Disability Insurance, Generous 401K (matching) Plan, Flexible Spending Account, Health Savings Account, 15 Days' Vacation + Plus Public Holidays + Buy and Sell Scheme.
Why we're hiring a Chief Product Officer? Are you ready to make a significant impact in a growing Life Sciences company? We're on the hunt for a visionary Chief Product Officer (who will report into our CEO) to lead our product strategy and drive our next phase of growth. In this pivotal role, you'll be at the forefront of our efforts to streamline and enhance our product offerings, creating long-term strategies that will set us apart in the market and deliver a seamless, user-friendly experience for our clients.
As our CPO, you won't just be developing and executing a new product strategy-you'll be shaping the future of our entire product ecosystem. You'll be instrumental in establishing industry-leading product management practices, continue our efforts in building and mentoring a world-class product team, and introducing cutting-edge KPIs and metrics that ensure our products contribute strongly to our bottom line. This is an exciting challenge that offers unparalleled opportunities to leave your mark as we strive to double our revenue and take our product suite to the next level.
This role isn't about repeating past successes; it's about using your exceptional leadership and innovative thinking to guide us towards breakthrough solutions. If you're passionate about transforming ideas into market-leading products and eager to lead us on our journey to the future, we want to hear from you.
Why Instem? Instem is a successful market leading business within the Life Sciences industry and due to our market share, we have a huge impact globally in prolonging and saving peoples lives via the technology solutions we offer.
We have a huge focus on our people, providing a collective, solution based and flexible environment, where you'll feel empowered, valued and accountable. We invest in our people's development, as we strongly believe that our people are our strongest asset!
What are you responsible for?
Strategic Leadership:
- Develop and communicate the product vision, strategy, and roadmap in alignment with the company's goals and objectives
- Ensure the product portfolio satisfies customers' needs to optimize today's life sciences R&D processes while embracing opportunities presented by cutting-edge scientific research and methodologies, and regulatory authorities willing to embrace change
- Collaborate with senior leadership, including the CEO and other executives, to define company-wide product goals, priorities, and roadmaps.
- Leverage your scientific experience and background to set vision and innovation for new products
- Ensure that the company is regularly engaged with customers, industry organizations, and regulatory authorities, building upon the company's track record for thought leadership in technology application to research and development practices
- Foster a culture of excellence and continuous innovation.
- Instem utilizes a "Product Trio" framework of continuous discovery of customers' needs. It will be important for you to have buy-in to this methodology
- Oversee the PM team to develop these learnings into clear user stories and requirements to be executable by development and maintained by IT operations
- Timely release products of products to market
- Monitoring and analyzing key performance indicators (KPIs) and metrics to measure product performance, identify areas for improvement, and inform decision-making
- Conduct market research and competitive analysis to understand market trends, customer needs, and the competitive landscape.
- Identify new market opportunities and ensure the company remains a leader in its industry.
- Utilize scientific data and research to anticipate market shifts and emerging trends.
- Manage and lead a high-performing product management team that can work symbiotically with the development group
- Foster a learning culture that promotes converting local discoveries into global opportunities.
- Ensure information is documented and easily accessible to everyone throughout the organization to reduce time searching for information and increase time analyzing it.
- Engage with key stakeholders, including customers, partners, and internal teams, to gather feedback and ensure the product strategy aligns with business needs
- Serve as a key spokesperson for the product vision, strategy, and capability, both internally and externally
- Communicate scientific insights and data to stakeholders to support product strategies and decisions.
- Manage the product budget and ensure financial objectives of ARR growth and EBITDA margin expansion are met
- Develop business cases for new product initiatives, including financial projections and ROI analysis
- Utilize well-researched data to support financial planning and investment decisions.
- Establish and monitor key performance indicators (KPIs) for product success
- Continuously assess product performance and implement improvements based on data-driven insights and feedback.
- Integrate science-based metrics and research findings into performance assessments.
- Adherence to our Quality Management System (QMS) to ensure all work is handled securely, professionally and diligently.
- MSc or equivalent in Life Sciences (PhD preferred) or equivalent experience
- Extensive experience and proven track record in life sciences research and development and technology product management leadership
- Ability to oversee a portfolio of products and motivate a team of PMs to drive insights and creativity
- Extensive experience in developing and managing technology products within the life sciences domain, such as biotechnology, pharmaceuticals, pre-clinical, and clinical drug development
- Strong understanding of non-clinical and clinical regulatory requirements for life sciences products
- Knowledge of emerging trends and innovations in life sciences, including leveraging data, modelling and simulation, and biotechnology advancements.
Instem stores and processes data using an Applicant Tracking System (ATS). For more information regarding our privacy policy use the following link: http://www.instem.com/about/data-protection.php. #LI-DL1
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