Sr. Portfolio Manager

ThermoFisher Scientific; Allentown (Lehigh County); Hybrid; USD 120,000 - 180,000; Full time

Benefits offered by this job

Healthcare

401k

Annual incentive plan

Employee benefits

Job summary

Thermo Fisher Scientific is seeking a Senior Portfolio Manager – Core Lab in the United States. The role focuses on clinical diagnostics, chemistry and immunoassay portfolios, and expanding partnerships with supplier partners.

You will lead strategy, performance reviews, and commercial negotiations while coordinating with cross-functional teams to drive growth and profitability across multiple product areas.

Qualifications

• Bachelor’s degree in science, business, or related field.
• 3+ years in clinical diagnostics or lab products, incl. portfolio management and channel management.
• Knowledge of CCIA and capital instrumentation; lab workflows and instrumentation.
• Experience with distributor networks in diagnostics.
• Strong commercial, financial, and analytical acumen.
• Proven ability to negotiate and influence across stakeholders.
• Excellent Excel/PowerPoint proficiency.
• Willingness to travel domestically 20–25%.

Responsibilities

• Own the business relationship for assigned supplier partners, driving alignment, performance, and profitable growth.
• Develop and execute portfolio and supplier strategies, manage performance against AOP objectives, and identify opportunities to accelerate growth and optimize business performance.
• Lead supplier business reviews, including performance analysis, business updates, opportunities, risks, and action plans.
• Negotiate commercial terms with suppliers, including pricing, rebates, and marketing funding; partner with Legal and other stakeholders on contracting.
• Build strong, collaborative supplier relationships while effectively managing negotiations, aligning priorities, and driving shared business objectives.
• Identify and evaluate new suppliers, products, technologies, and portfolio opportunities.
• Lead new product launches and supplier introductions, driving cross-functional readiness and commercial execution.
• Partner with Marketing and suppliers to develop and execute marketing programs, sales tools, campaigns, and other growth initiatives.

Skills

Portfolio management

Negotiation

Financial analysis

Cross-functional collaboration

Strategic thinking

Communication

Leadership

Education

Bachelor’s degree in science, business, or related field

Tools

Microsoft Excel

PowerPoint

Job description

Work Schedule

Standard (Mon-Fri)

Environmental Conditions

Office

Job Description

As part of the Thermo Fisher Scientific team, you’ll discover meaningful work that makes a positive impact on a global scale. Join our colleagues in bringing our Mission to life every single day to enable our customers to make the world healthier, cleaner and safer. We provide our global teams with the resources needed to achieve individual career goals while helping to take science a step beyond by developing solutions for some of the world’s toughest challenges, like protecting the environment, making sure our food is safe or helping find cures for cancer.

Location: On-site, Pittsburgh, PA preferred; open to remote. Relocation assistance is NOT provided.

• Must be legally authorized to work in the United States without sponsorship.

• Must be able to pass a comprehensive background check, which includes a drug screening.

The Senior Portfolio Manager – Core Lab is responsible for the strategic and commercial management of a clinical diagnostics portfolio, with primary responsibility for clinical chemistry and immunoassay (CCIA) and additional responsibility across hematology, urinalysis, coagulation, LC-MS, and select point-of-care diagnostics.

This role serves as the business and relationship lead for assigned supplier partners, driving profitable growth and performance against annual operating plan (AOP) objectives. The Senior Portfolio Manager will manage supplier relationships, lead business reviews and commercial negotiations, identify growth opportunities, and develop and execute portfolio and supplier strategies.

The ideal candidate brings clinical diagnostics experience, strong commercial judgment and executive presence, and the ability to balance strategic thinking with hands-on execution while managing multiple priorities. Experience with capital instrumentation is strongly preferred.

Key Responsibilities:

• Own the business relationship for assigned supplier partners, driving alignment, performance, and profitable growth.

• Develop and execute portfolio and supplier strategies, manage performance against AOP objectives, and identify opportunities to accelerate growth and optimize business performance.

• Lead supplier business reviews, including performance analysis, business updates, opportunities, risks, and action plans.

• Negotiate commercial terms with suppliers, including pricing, rebates, and marketing funding; partner with Legal and other stakeholders on contractual agreements.

• Build strong, collaborative supplier relationships while effectively managing negotiations, aligning priorities, and driving shared business objectives.

• Identify and evaluate new suppliers, products, technologies, and portfolio opportunities.

• Lead new product launches and supplier introductions, driving cross-functional readiness and commercial execution.

• Partner with Marketing and suppliers to develop and execute marketing programs, sales tools, campaigns, and other growth initiatives.

• Serve as a portfolio subject matter expert for the organization, providing product, market, competitive, and technical guidance and presenting effectively to sales teams, supplier partners, and leadership.

• Analyze market dynamics, business performance, pricing, margin, and forecasts to develop business cases and inform portfolio decisions.

• Develop pricing and positioning strategies that support profitable growth.

• Partner across Sales, Finance, Supply Chain, Capital Contracting, Purchasing, Marketing, Quality, Regulatory, Legal, Product Administration, Learning and Development, and other Thermo Fisher Scientific teams to achieve business objectives.

• Secure supplier support and funding for strategic sales, marketing, training, and commercial programs.

• Take ownership of business issues, engage the appropriate stakeholders, and drive timely resolution.

• Effectively prioritize and manage multiple suppliers, projects, deadlines, and business needs while maintaining focus on longer-term objectives.

Minimum Requirements/Qualifications:

• Bachelor’s degree (BA/BS) in science, business, or a related field.

• 3+ years of relevant professional experience in the clinical diagnostics or laboratory products industry, including experience in product or portfolio management, channel management, supplier management, commercial sales, or a related function.

• Experience with or strong knowledge of clinical chemistry and immunoassay (CCIA), including an understanding of laboratory workflows, instrumentation, assays, reagents and consumables, competitive platforms, and customer requirements. Experience with capital instrumentation is strongly preferred.

• Experience working within a distribution model or managing distributors/channel partners for a diagnostics manufacturer is highly valued.

• Additional knowledge or experience across hematology, urinalysis, coagulation, LC-MS, and/or point-of-care diagnostics is beneficial.

• Previous clinical laboratory experience, including experience as a medical laboratory scientist/medical technologist or in a related laboratory role, is beneficial but not required.

• Strong commercial, financial, and analytical acumen, with the ability to interpret business performance, pricing, margin, forecasts, and market dynamics and use data to inform decisions and recommendations.

• Ability to balance strategic thinking with hands-on execution, translating portfolio and supplier strategies into actionable plans and results.

• Demonstrated ability to build strong business relationships, negotiate effectively, align priorities, and influence across internal and external stakeholders without direct authority.

• Strong organizational and prioritization skills, with demonstrated ability to manage multiple suppliers, projects, and competing priorities in a fast-paced environment while maintaining focus on longer-term objectives.

• Strong judgment, ownership, and problem-solving skills, with the ability to bring together cross-functional partners and deliver results.

• Excellent written and verbal communication, interpersonal, and presentation skills, with the confidence and executive presence to effectively represent the business with commercial teams, supplier partners, and leadership.

• Proficiency with Microsoft Excel, PowerPoint, and other standard business applications.

• Ability to travel domestically approximately 20–25%.

We offer competitive remuneration, annual incentive plan bonus scheme, healthcare, company 401k, and a range of employee benefits! Thermo Fisher Scientific offers employment with an innovative, forward-thinking organization, and outstanding career and development prospects. We offer an exciting company culture that stands for integrity, intensity, involvement, and innovation.

Thermo Fisher Scientific is an EEO/Affirmative Action Employer and does not discriminate based on race, color, religion, sex, sexual orientation, gender identity, national origin, protected veteran status, disability, or any other legally protected status. We will ensure that individuals with disabilities are provided a reasonable accommodation to participate in the job application or interview process, to perform critical job functions, and to receive other benefits and privileges of employment. Please contact us to request an accommodation.

Thermo Fisher Scientific is an EEO/Affirmative Action Employer and does not discriminate on the basis of race, color, religion, sex, sexual orientation, gender identity, national origin, protected veteran status, disability or any other legally protected status.