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Senior Product Manager
Senior Product ManagerRegal Rexnord • Milwaukee, Wisconsin, USA
Senior Product Manager

Senior Product Manager

Regal Rexnord • Milwaukee, Wisconsin, USA
13 days ago
Job type
  • Full-time
Job description

POSITION SUMMARY

Reporting to the Director of Product Management this critical team member will be responsible for driving profitable growth through ownership of the product and marketing roadmap for Engineered Drives. This role will lead and drive profitable growth for the product platforms through new business development aimed at existing and new markets with a focused value proposition product roadmap and appropriate business model deployment to capture equipment plus data / services recurring revenue for the business unit.

This position will be responsible for all aspects of the product life cycle new product development programs implementation of product / customer marketing strategies value propositions price positioning and commercial launch activities to maximize profitable growth. This role will also lead initiatives focused on driving portfolio share gain & margin expansion by partnering and collaborating with sales engineering and operations teams globally. The ideal candidate for this role will have strong cross-functional leadership business acumen change management team leadership and interpersonal skills.

KEY RESPONSIBILITIES

Strategic Planning & AOP Support - Strategic Market Customer & Competitive Analysis

  • Develop a thorough understanding of the overall market including overall size / growth by submarket & applications industry trends / landscape competitive & customer insights.
  • Lead efforts in supporting the development of strategic plan & AOP including a detailed assessment of market competition customer / business growth plans and specific levers driving topline revenue and operating profit for the product platforms.

Formulate Strategy & Opportunity

  • Develop multigenerational Product Line Roadmaps and secure cross-functional leadership consensus and buy-in on prioritization of the needed initiatives scope and investments.
  • Lead voice of the customer (VOC) primary and secondary research to facilitate the development of product strategies product plans and identification of new products and service opportunities.
  • Identify and lead strategic projects to evaluate and provide strategic direction for innovative growth opportunities that leverage technology market trends and integrated solutions.
  • Direct the development & maintenance of long-term Technology and Product Road Maps.
  • 80 / 20 Complexity Reduction Strategic Pricing Mix Up Demand Shaping & Sales Funnel Development

  • Drive portfolio simplification and complexity reduction for margin expansion using core 80 / 20 principles.
  • Lead strategic marketing and sales efforts in funnel development for new and existing products.
  • Drive strategic price positioning and value pricing efforts to drive margin expansion.
  • Drive product mix shift and demand-shaping strategies to expand margin.
  • Manage New Product Introductions From Concept Development To Commercialization

  • Lead VOC to identify market requirements and trends to drive continuous improvements and to identify product enhancement opportunities.
  • Lead cross-functional new product development teams and all aspects associated with the product definition product development pricing market introduction sales tools and promotion plans.
  • Drive PMO to lead NPD stage-gate processes to launch new products from concept to full commercialization
  • Working closely with Finance leading the pro forma development with complete financial analysis and sales forecast for all proposed new products.
  • Develop the positioning strategy for all products and services considering price volume share and profitability.
  • Partner with Engineering and operations leaders in prioritization and scoping critical product development projects. Ensures product development meets customer expectations and timelines.
  • Go-To-Market Execution & Launch

  • Lead marketing to develop and deliver training materials to support training programs.
  • Lead subject matter experts for assigned products to support the internal team field sales distributors and end users.
  • Partner and collaborate with sales and commercial leaders to identify growth opportunities and drive new product customer penetration.
  • Drive the marketing communications team to develop appropriate collateral support for catalogs launch kits competitive alerts sales communications instruction sheets etc. ensuring a successful commercial launch.
  • Portfolio Lifecycle Management SIOP & Working Capital Optimization

  • Lead all product line marketing-related activities and champion cross-functional activities to maximize overall product line performance including revenue growth margin improvement cost reduction quality and delivery.
  • Manage and oversee product specification cost quality delivery and data integrity for the business unit
  • Monitor and assess competitive products and programs developing and implementing proactive strategies to strengthen the product lines competitive edge.
  • Evaluate assigned portfolio for obsolescence and communicate recommended product replacement.
  • Active participation in the project funnel management and SIOP process guiding on new product demand streams relevant mix shifts and product life cycle events in alignment with defined process needs.
  • Collaborate with internal business partners to ensure alignment on demand forecast manufacturing plans new product introductions supplier performance and other related opportunities
  • PROFESSIONAL EXPERIENCE / QUALIFICATIONS

  • A bachelors degree in engineering operations business / marketing or an MBA is strongly preferred.
  • Minimum 5 years of Product Management Marketing Strategy Operations Engineering Business Development or related experience.
  • Gearing Industry experience or experience in the mining grain cement metals or fertilizer industry is preferred.
  • Background in Engineering would be preferred.
  • Strong financial and business acumen.
  • 80 / 20 complexity reduction and simplification experience.
  • Demonstrated strategic decision-making skills regarding pricing customer problems SIOP forecast / inventory make-buy decisions and similar business-related concerns.
  • Strong leadership skills with the ability to communicate interact and influence at all levels of the organization to drive results.
  • Strong organizational and problem-solving skills.
  • Proven ability to develop trusted respectful relationships internally and externally.
  • Excellent presentation verbal and written communication skills.
  • High level of personal initiative energy and ownership of business results.
  • Solid experience interacting with both internal and external customers is required.
  • Proven ability to lead courageously to drive large cross-functional teams to success in challenging situations.
  • Proven ability to analyze interpret and draw meaningful and accurate conclusions from data.
  • Proven ability to conduct complex financial analyses develop financial models and interpret P&L statements.
  • Ability to develop strategic plans and drive tactical execution.
  • Strong program and project management skills to manage a portfolio of projects with optimum cost schedule and quality.
  • Strong Computer skills : Microsoft Office applications required. Knowledge of SAP a plus.
  • Travel : 15-25%

    #LI-hybrid

    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
  • About Regal Rexnord

    Regal Rexnord is a publicly held global industrial manufacturer with 30000 associates around the world who help create a better tomorrow by providing sustainable solutions that power transmit and control motion. The Companys 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 Companys automation offering comprised of controls actuators drives and precision motors controls motion in applications ranging from factory automation to precision control in surgical tools.

    The Companys end markets benefit from meaningful secular demand tailwinds and include factory automation food & beverage aerospace medical data center warehouse alternative energy residential and commercial buildings general industrial construction metals and mining and agriculture.

    Regal Rexnord is comprised of three operating segments : Industrial Powertrain Solutions Power Efficiency Solutions and Automation & Motion Control. Regal Rexnord has offices and manufacturing sales and service facilities worldwide. For more information including a copy of our Sustainability Report visit .

    Equal Employment Opportunity Statement

    Regal Rexnord is an Equal Opportunity and Affirmative Action Employer. All qualified applicants will receive consideration for employment without regard to race color religion sex / gender sexual orientation gender identity pregnancy age ancestry national origin genetic information marital status citizenship status (unless required by the applicable law or government contract) disability or protected veteran status or any other status or characteristic protected by law. Regal Rexnord is committed to a diverse and inclusive workforce. We are committed to building a team that represents diverse and inclusive backgrounds perspectives and skills. If youd like to view a copy of the companys affirmative action plan for protected veterans / individuals with disabilities or policy statement please email you have a disability and you believe you need a reasonable accommodation in order to search for a job opening or to submit an online application please e-mail

    Equal Employment Opportunity Posters

    Notification to Agencies : Please note that Regal Rexnord Corporation and its affiliates and subsidiaries (Regal Rexnord) do not accept unsolicited resumes or calls from third-party recruiters or employment the absence of a signed Master Service Agreement or similar contract and approval from HR to submit resumes for a specific requisition Regal Rexnord will not consider or approve payment to any third-parties for hires made.

    Required Experience :

    Senior IC

    Key Skills

    Time Management,Data Analytics,Analytical,Agile,Requirement Gathering,Strategic thinking,Visio,Communication,Problem Solving,Market Research,UML,Cross Functional Teams

    Employment Type : Full-Time

    Experience : years

    Vacancy : 1

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