About the role
If you’re looking for a special place to build or grow your career, you’ve found it. Whether you’re an experienced professional, a recent college graduate or somewhere in between, IDEX is a place where you can apply your existing skills and learn new ones in an environment where you can make an impact.
With interesting opportunities in engineering, marketing, sales, supply chain, operations, HR, finance, and more across more than 40
diverse businesses
around the globe, chances are, we have something special for you.
SUMMARY OF JOB RESPONSIBILITIES:
The Product Manager, Industrial & Energy is responsible for product planning and execution throughout the product lifecycle, including 8020 analysis, gathering and prioritizing product and customer requirements, defining the product vision and roadmaps, sizing market potential, and working closely with global engineering, sales, and marketing teams. This role will develop plans to ensure revenue, profitability, and customer satisfaction is met. This role will champion and implement all new product and market strategies while determining the most effective and successful approach to growing the existing portfolio. This role will be a crucial input to the business’s overall direction of its products and markets served.
REPORTING TO
: Director, Strategic Planning & Marketing
DUTIES AND RESPONSIBILITIES: Product Vision & Strategy
o Develop product vision, strategy, and roadmaps for the product/product line to align with company goals.
o Define and create product roadmap.
o Translate and align business strategy into product strategy.
o Manage the development of product lines and evaluate rationalized models.
·
Market Trends and Pricing
o Develop market insight through the voice of customer research, in-depth competitive analysis, and market segmentation.
o Perform competitive benchmarking and market share/trend analysis.
o Develop and foster customer relationships with the knowledge they will participate in market research and provide feedback on early prototypes.
o Gather, analyze, and prioritize user feedback; prioritize features, and define requirements to address customer needs.
o Identify customer needs and translate them into product opportunities.
o Lead price strategy and implementation process for assigned portfolio, including managing the distributor programs for North America and Europe.
Develop and execute channel strategies in partnership with Sales to drive portfolio growth, market penetration, distributor engagement, and profitable revenue expansion across key regions.
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Product Lifecycle: Product Planning and Prioritization
o Collaborate with engineering, design, and marketing teams to define and implement product strategies to build and launch products.
o Translate product strategy into detailed requirements for prototype construction and final product development. Drive the development process by setting timelines and project managing.
o Provide critical information and guidance as it relates to the 4-P’s (Price, Product, Promotion, Place).
o Provide input for marketing collateral and product positioning
o Plan and execute global product launches in collaboration with key stakeholders. Manage activities related to bringing the product to market i.e., messaging, positioning, and training materials.
o Manage product content, specifications, and digital assets within Product Information Management (PIM) systems, while partnering with Marketing Communications to develop and execute digital marketing campaigns, product launches, and channel enablement programs that drive awareness, adoption, and portfolio growth.
o Conduct 8020 product analysis and develop product line plans to address opportunities for portfolio simplification and strategic pricing.
o Manage and drive the entire product lifecycle to include strategic planning, tactical activities, and addressing customer feedback and issues.
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Performance Monitoring and Optimization
o Track product performance using KPIs and analytics.
o Manage product line revenue, margin, pricing, and investment.
o Analyze and report key performance metrics like sales data, user engagement, and customer satisfaction to understand product performance.
o Monitor metrics that measure the success of products, product improvements, feature prioritization, and product future.
o Gather feedback from initial users to validate the product before a wider launch.
o Consistently seek opportunities to improve the product based on user feedback and market changes.
o Drive 80/20 complexity reduction across the product lines including product rationalization.
o Drive margin expansion for the Product Line by working with Operations and/or Supply Chain to drive cost reductions (PPV), Engineering to drive VA\VE projects, and finally with Commercial on pricing.
KNOWLEDGE, SKILLS, AND ABILITIES: The requirements listed below are representative of the knowledge, skills, and abilities required to perform this job successfully.
· Ability to recognize value sell opportunities and create sales tools to support the field; ability to understand and demonstrate technical products.
· Experience working with competitive pricing and promotions with manufactured products.
· Industrial products experience preferred.
· Strategic and user-centric mindset with the ability to identify growth opportunities.
· Robust problem-solving methodologies and proven critical thinking ability.
· Demonstrated knowledge in product management tools and data analysis tools.
· Experience with cross-functional team leadership and working with engineering, design, and marketing teams.
· Strong communication and presentation skills.
· Intermediate to advanced knowledge of Excel, Word, PowerPoint required.
EDUCATION AND EXPERIENCE
Bachelor’s degree required.
3+ years of product management experience, with at least two of those years in developing a new product in an industrial or manufacturing environment.
3+ years of experience and proven technical aptitude and applications knowledge.
ESSENTIAL FUNCTIONS:
The physical, mental, and visual demands, and work environment described below are representative of those that must be met by an employee to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
PHYSICAL, MENTAL, AND VISUAL DEMANDS: Requires use of hands and arms at least 90% of the time.
Majority of the time is spent sitting.
Lifting requirements are generally less than 10 lbs. Manual lifting could reach the company maximum of 50 lbs.
WORK ENVIRONMENT: Climate-controlled office environment.
The employee will occasionally visit customer site for troubleshooting design.
Noise exposure is moderate.
Occasional meetings accommodating global cross-functional teams’ time zones.
KEY COMPETENCIES: To perform the job successfully, an individual should demonstrate the following competencies:
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Safety and Security:
The individual actively promotes and personally observes all safety procedures. The individual complies with Environmental, Safety, and Hazardous Communications requirements.
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Ownership Mentality:
The individual demonstrates full accountability for assigned product lines and business objectives. They take ownership of results, make informed decisions, and have a high say-do ratio. They fill in the gaps when there is no clear owner and drive their portfolios’ success as the ultimate owner of performance.
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Initiative:
The individual proactively identifies opportunities, risks, and areas for improvement, taking action without waiting for direction. They anticipate business needs, drive projects forward, and demonstrate a continuous improvement mindset to achieve growth and operational