About the position
As the Product Manager III, you will be responsible for managing product lines throughout the entire product life cycle by interacting with all functional areas to implement tactical strategies for profitable growth. This position manages and develops products by identifying potential products; conducting market research; leading VOC efforts; generating PRDs/MRDs; determining specifications, production timetables, pricing, time-integrated plans for product introduction; developing marketing strategies including messaging & positioning; commercialization; post-launch analytics and connection/translation of the digital/non-digital customer experience. The Specialty Components Group is a fast-paced, entrepreneurial unit consisting of multiple brands each with unique go-to-market strategies. Product Managers hold key positions in the organization with the ability to influence major stakeholders in the business (Sales, Engineering, Operations, Finance and Business Leaders) by understanding markets, competitors, customer needs, product, and applications expertise.
Responsibilities
- Manage the entire life cycle of the defined product line within the business from strategic planning, product definition, tactical launch and end of life activities
- Perform 80/20 analysis on products, customers and markets to identify opportunities for focus and growth
- Direct the implementation of the global product line strategic plan to prioritize and maximize company and product line profitability and investments
- Develop & implements product line simplification strategies to maximize standard profit
- Develops product pricing strategies and manages the daily activities of the assigned team to drive maximum profit and sales
- Determines customers' needs and desires by specifying the research needed to obtain market information
- Assesses market competition by comparing the company's product to competitors' products
- Drives the most complex and/high value products into the market at maximum profit and sales
- Prepares and coaches sales team on product application information, product initiatives, and profitability equations
- Serves as a resource and partner with Sales during long-term contract negotiations
- Recommends the nature and scope of present and future product lines by reviewing product specifications and requirements; appraising new product ideas and/or product or packaging changes
- Provides source data for product line communications by defining product marketing communication objectives
- Obtains product market share by working with sales directors and strategic marketing to develop product sales strategies
- Conduct market studies, including VOC to understand new/adjacent market opportunities and assess viability
- Brings new products to market by analyzing proposed product requirements and product development programs; preparing return-on-investment analyses; establishing time schedules with engineering and manufacturing
- Maintains professional and technical knowledge by attending educational workshops; reviewing professional publications; establishing personal networks; participating in professional societies
- Interface with internal departments including R&D, engineering, sales, marketing and support teams to ensure revenue and customer satisfaction goals are achieved
- Work with the Marketing Team to create and maintain marketing plans, advertising and sales tools
Requirements
- Bachelor’s Degree in a Marketing or Engineering field (MBA preferred but not required)
- 5 years of product management, brand management, and/or business development in a manufacturing company environment
- Must have a passion for technology, innovation, and customer engagement
- Strong attention to detail and organizational skills with the ability to manage multiple priorities independently
- Familiarity and experience with stage-gate New Product Development (NPD) and portfolio management processes
- Familiarity and experience with product lifecycle simplification and/or rationalization processes
- Proficiency with MS Office (Excel / Word / Power Point) and CRM (i.e. SalesForce.com or Microsoft)
- Willingness to travel primarily in North America with international travel as needed
Benefits
- Medical, Dental, Vision and Prescription Drug Coverage
- Spending accounts (HSA, Health Care FSA and Dependent Care FSA)
- Paid Time Off and Holidays
- 401k Retirement Plan with Matching Employer Contributions
- Life and Accidental Death & Dismemberment (AD&D) Insurance
- Paid Leaves
- Tuition Assistance
