As the Product Manager II, 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
Qualifications
Bachelor's degree in Marketing, Engineering, or a related field is required; an MBA is preferred
2+ years of experience in product management, brand management, business development, or a related field within 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 rare international travel as needed
Travel:Travel (Up to 25%) required.
Candidates must be eligible to work in the United States without requiring company sponsorship to obtain or keep U.S. work authorization.
Salary Range: $70,000 - $90,000 USD.
The salary range provided is intended to display the value of the company's base pay compensation for this position. Salary is dependent on a multitude of factors, including but not limited to the physical worksite location, the geographic market of that location, candidate's skill set, level of experience, education and internal peer compensation comparisons among other potential factors.
#Li-hybrid #LI-remote
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 AssistanceAbout Regal Rexnord
Regal Rexnord is a publicly held global industrial manufacturer with 30,000 associates around the world who help create a better tomorrow by providing sustainable solutions that power, transmit and control motion. The Company's electric motors and air moving subsystems provide the power to create motion. A portfolio of highly engineered power transmission components and subsystems efficiently transmits motion to power industrial applications. The Company's automation offering, comprised of controls, actuators, drives, and precision motors,... For full info follow application link.
Equal Employment Opportunity Employer: Female/Sexual Orientation/Gender Identity/Minority/Veteran/Disabled
