Product Manager
COMPANY OVERVIEW:
This is a leading global manufacturer of highly engineered sensing, control, and sealing components. They deliver mission-critical protection and valuable data for a wide range of systems, including appliances, heating, air conditioning, refrigeration units, industrial process equipment, motor vehicles, and aircraft. They have over 4,000 employees worldwide across 10 manufacturing facilities dedicated to keeping people and their homes safe.
With a track record of over 75 years of innovation, quality, specialized expertise, they promote a highly collaborative approach, and a commitment to growth – working together with customers as a valuable partner, helping to meet their critical objectives. They recently re-established ourselves as an independent company and are looking for entrepreneurial minded candidates to help the company grow
POSITION OVERVIEW:
We are seeking a Product Manager that will be responsible for developing and implementing business strategies for increasing sales and profits in line with objectives. Acting as a mini-GM, the incumbent will own the Growth, Profit, Lifecycle Management, and Product Strategy for assigned areas, managing their own book of business. They will provide global leadership for their business through planning, directing, coordinating, and organizing all aspects of the product family including new product introduction and growth initiatives, pricing, promotions, sales channel training, needed cost reductions, and billing, etc.
RESPONSIBILITIES:
- Owns a book of business comprising assigned areas (verticals and/or product families), developing, leading, and communicating clear strategic initiatives to achieve growth and profit targets
- Holds functional leaders and teams accountable for business area growth and profit targets
- Owns and leads via cross-functional influence and collaboration in all aspects of Revenue for areas of business including Price, Voice of Customer, Market Readiness, Marketing Plan, Sales, Channel, and Customer acquisition to achieve growth targets
- Owns and leads via cross-functional influence and collaboration in all aspects of areas of business Cost including Design for Manufacturing, ongoing Manufacturing cost improvements, and Supply Chain Cost/Availability to achieve profitability targets
- Drives new product development initiatives and at times acts as a project manager to ensure customer-needed features and benefits are delivered on time and on budget
- Optimizes product line profitability for each product line within the assigned business area by:
- Maximizing price based on Lifecycle analysis and market dynamics as well as the full value proposition offered (i.e. – technology, delivery, quality, speed, etc)
- Partnering with Operations to drive out cost
- Determining which products are no longer viable
- Continuously assesses customer line profitability for opportunities across business area, product lines and families to grow margins
- Owns life cycle management of business area and continuously assesses product performance versus plan, product strategic positioning, and product risk mitigation necessities given changing technologies and customer dynamics
- Creates, drives, and continuously communicates value proposition for business area across all organization functions
- Works closely with Strategy Director and Engineering R&D to maintain a clear understanding of changing competitive landscape to assess opportunities and threats including new technology and competitor entrants into served markets
- Responsible for executive level reporting and presentations regarding business area
- Collaborate with customers, external partners and market experts, and internal cross-functional team members to identify and drive growth initiatives via New Product Introduction (NPI) Process
- Ensures business area is meeting not only its growth and profit target but also its cash targets through minimization of days in the cash cycle
PREFERRED PROFILE:
- Requires a Bachelor’s degree in engineering or business
- In an engineering or science-related field with a passion for business marketing, or
- In a business marketing field with clear technical capabilities and financial analytics
- MBA preferred
- Requires a minimum of five (5) years of relevant industry and product management or marketing experience
- Working knowledge of MS Office, or equivalent productivity suites, currently in use by the Company
- Ability to lead and influence cross-functionally without direct line authority
- Overall business savvy, market expertise, and operational understanding
- Excellent communicator and multi-tasker
- Visionary able to motivate others to achieve and win as a team
- Negotiation/persuasion skills
- Customer facing position – travel required
LOCATION: Columbus
Job ID# 3246905
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