Director of Product Management

Director of Product Management

***RELOCATION ASSISTANCE IS OFFERED***

Salary Details: $180k-$210k + discretionary bonus

Relocation Assistance: Sign-on bonus to assist with relocation costs

Note: Must be able to relocate quickly (approx. 2-4 weeks from job offer)

Benefits: Health, dental, vision, wellness program, tuition reimbursement, 401(k) with company match, continuing development, product discount, holidays and PTO

The Director of Product Management is responsible for leading 3+ Product Managers and the Product Management function for a designated B2B division.

Product Management includes all new and existing product management. This position is responsible for all aspects of product management including sales, margins, suggested retail prices, distribution prices, product portfolio and end of life. Product Management also includes leadership of most new product development projects, end user VOC, customer sales meetings in conjunction with sales, specific marketing, and supplier relationships.

Required Skills/Experience:

• B2B and/or B2C tangible product management experience – full life cycle.
• Industry experience in heavy machinery, tools, industrial or consumer product manufacturing. No tech/software products.
• Ability to be hands on if needed.
• Currently or recent people management, ideally managing product managers.

Responsibilities:

1. Direct and manage the product management team.
2. Develop short- and long-range strategies for multiple product lines to achieve strategic goals and maximize sales and profit objectives.
3. Develop revenue and profit objectives for multiple product lines.
4. Adjust marketing strategy to meet changing market and competitive conditions; monitor competitive products and marketing activities.
5. Display leadership when working with cross-functional teams. Inspire and motivate the cross-functional team and outside partners.
6. Ensure that product managers stay current with competitors and market trends through interactions with salespeople, distributors, and end users through a variety of venues. Collect and maintain marketing information.
7. Conduct market research as necessary. Responsible for planning and conducting in-depth marketing research when additional research is needed, such as specific market studies, focus groups, etc.
8. Collaborate with marketing team to coordinate all marketing communications activity to communicate with outside customers (i.e. branding, advertising, public relations, and packaging).
9. Specify and maintain a system to identify delays or problems during the development of new products to resolve issues quickly.
10. Work to improve new product time-to-market and the process that delivers those new products.
11. Validate that product development projects follow the stage gates of the new product development (NPD) process. Work with others to improve the NPD process.
12. Responsible for monthly reporting on current state of product management and new product development, including achievement to corporate objectives. Publish monthly metrics on on-time performance and other metrics as required.
13. Plan and control the product management budget. Help to plan the engineering product development budget.
14. Perform all other duties as assigned.

Other Job Qualifications

• Bachelors Degree in Business, Marketing or Engineering and seven (7) years related work experience in product management, marketing, and product design.
• MBA or extensive business experience and experience in the hand tool industry is preferred.
• Must possess knowledge working with large home improvement retailers and electrical distributors.
• Must possess experience in evaluating markets, market trends, and customer and sales feedback to develop new product plans.
• Must possess knowledge in product portfolio planning.
• Must possess knowledge in Product Development Process background.
• Demonstrate strong planning, organizing and change management capabilities. Demonstrate strong financial modeling and forecasting skills. Demonstrate proficiency with Microsoft Office (Excel, Outlook, PowerPoint, Word).
• Ability to lead cross-functional product development teams. Ability to demonstrate successful leadership experience - ability to recruit, develop team members, and retain talent within the organization. Ability to effectively communicate and present information to team members, top management, customers, and/or suppliers.