Director, Portfolio Management
- Location: Boston, MA, United States
- Posted: Jan 3
Director, Portfolio Management
at Pear Therapeutics
At Pear, our mission is clear: we are pioneers in Prescription Digital Therapeutics, or PDTs. Our cross-functional team operates at the intersection of biotechnology and software technology. Pear discovers, develops, and delivers clinically-validated, software-based therapeutics to provide better outcomes for patients, smarter engagement and tracking tools for clinicians, and cost-effective solutions for payers.
Every day, we push the boundaries of technology to transform medicine. Pear has a pipeline of products and product candidates across therapeutic areas, including mental health disorders, severe insomnia and multiple sclerosis. Our lead product, reSET®, treats Substance Use Disorder, and was the first PDT to receive marketing authorization from the FDA to treat disease. Pear's second product, reSET-O™ for the treatment of Opioid Use Disorder, also received market authorization from the FDA in December of 2018, with breakthrough designation.
About the Teams
Pear’s cross-functional Program Teams work together to advance a PDT from concept to market and throughout its lifecycle to benefit people living with serious diseases. The Program Team provides cross-functional leadership, drives execution for activities on the program, and owns the strategy, priorities, and roadmap for the PDT throughout its entire lifecycle. These teams own both strategy and integrated execution for the products within the program, and they include core representatives from Product Management, Commercial, Clinical/Medical, Regulatory, Patient Services, and Alliance Management. The Program Teams are led by the Portfolio Directors (PD).
The Portfolio team reports dual-line into both the Chief Product Officer and the Chief Operating Officer/Chief Financial Officer, occupying a unique cross-functional vantage point within the Pear team. In addition to overseeing strategy and execution from assets/products in Discovery through Commercial, the Portfolio team is also responsible for the ongoing evolution of Pear’s Therapeutic Development Process (TDP), which blends the traditional “asset based” pathway typical for biopharma compound development with an agile consumer/high-tech product development process that relies on product management, software engineering and user-centered design.
What you’ll do
The Portfolio Director/Senior Director will serve as the cross-functional leader of 1-2 Program Teams. Responsibilities include:
- Advance a prescription digital therapeutic (PDT) from its early concept stage to marketed product and throughout its ongoing lifecycle by marshalling the activities of the Program Team. This involves two core responsibilities:
- Define and document a unified, coherent and pressure-tested program strategy, roadmap, and business plan for the PDT that connects patient, provider and payor needs to the functional requirements of the product.
- Maintain a single source of truth for the PDT roadmap weaves together both software and non-software activities. Ensure development plans are executed to plan, and proactively identify, adjudicate and resolve unexpected issues.
- Lead a collaborative program team, consisting of representatives from key functional teams; identify and manage conflicts from different working and communication styles. These teams own both strategy and integrated execution for the products within the program, and they include core representatives from Product Management, Commercial, Clinical/Medical, Regulatory, Patient Services, and Alliance Management.
- Serve on the senior steering committees of our partner organizations representing the product under development.
- Represent the program to senior management (C-level and VP-level) and external stakeholders such as the board of directors, facilitating discussions round progress and strategic alternatives.
- Proactively identify, communicate and mitigate development and commercialization plan risks.
- Ensure a smooth flow of requirements and business context to technology, product designers and other key stakeholders at Pear.
- Lead development and integration of corporate, functional, and program goals with the Executive Team and Program Teams, ensuring alignment to the PDT roadmaps and plans, and clarifying organizational priorities.
What you have
Education & Experience
- Masters degree or above in either business administration, software engineering or hard sciences, or bachelor’s degree with equivalent experience
- Career history that illustrates your ability to become ultra-competent quickly in new, diverse functions and/or domains
- At least 5 years of senior level cross-functional team leadership (for instance as a program executive), with an impeccable track record for building high performance teams, ensuring team alignment, driving team communications and incorporating knowledge from multiple functional domains. Ideal candidates will have independently driven high-stakes development projects to completion in other organizations
- At least 5 years of career project management experience, with the demonstrated ability to manage complex delivery timelines, identify and mitigate risks, and resolve interdependencies using influence (rather than authority). Ideally, experience in advancing a therapeutic or medical device through a development process that involves coordinating multiple functions
- At least some familiarity with regulatory issues around therapeutics, and/or software as a medical device (including 21CFR part 820)
Skills & Approach
- A low ego, entrepreneurial mindset, and healthy sense of humor
- Strategic outlook coupled with a drive for execution — you thrive on being the bridge between business needs and technology plans, and with moving the team forward amidst ambiguity
- Exceptional influencing and stakeholder management experience without authority and under pressure - ideal candidates would have experience managing high-stakes external partnerships or major internal initiatives with successful outcomes
- A knack for quickly distilling complex information into potential solutions and effectively communicating to diverse stakeholders
- Results-oriented and fast-paced, able to work in an ambiguous environment
- A keen nose for risk, ability to flag early, and open mind for creative solutions to ensure program success
- Strong intuition for how to communicate to diverse audiences, whether it’s a program team, the wider company, end users, partners, the press, etc.
- Exemplary written and verbal communication skills - able to produce board-level communication with minimal guidance
- Comfortable creating and developing business plans including financial forecasts
- Proven capability to balance multiple projects, deadlines, and requests with ease
Pear Therapeutics is committed to equal opportunity in the terms and conditions of employment for all employees and job applicants without regard to race, color, religion, sex, sexual orientation, age, gender identity or gender expression, national origin, disability or veteran status. Pear Therapeutics also follows all applicable national, state and local laws governing nondiscrimination in employment as well as employment eligibility verification requirements of the Immigration and Nationality Act. All applicants must have authorization to work for Pear Therapeutics in the U.S. In certain circumstances it may be advantageous to Pear Therapeutics to support the application(s) for temporary visa classification and/or sponsor applications for permanent residence so that a foreign national colleague can accept or remain in a work assignment in the U. S. For certain classes of temporary visas, the resulting work authorization may be specific to Pear Therapeutics and the specific job and/or work site. Pear Therapeutics may at its business discretion decide to or refrain from obtaining, maintaining and/or extending the temporary visa status and/or sponsoring a colleague for permanent residency and /or employment eligibility, considering factors such as availability of qualified U.S. workers and the colleague's long-term prospects for securing lawful permanent residence, among other reasons. Employment applicants requiring immigration sponsorship disclosure, when initial application for employment is made, whether or not they are legally authorized to in the U.S. and, if so, whether that authorization permits them to work in the job they seek. In no case should Pear Therapeutics support of a colleague's temporary visa application or sponsorship of a colleague for permanent residence be construed to guarantee success of that application or amend or otherwise invalidate the "at-will" employment relationship between the colleague and Pear Therapeutics.