Product Manager III

Product Manager III

Regal Rexnord Corporation ("Regal Rexnord") is a leading manufacturer of electric motors, electrical motion controls, power generation and mechanical power transmission products and sub-systems, serving customers around the world in the general industrial, consumer, commercial construction, food & beverage, and alternative energy end markets, among others. Regal Rexnord sells its products and solutions to OEMs, through distributors, and directly to end-users. With the announcement of the acquisition of Altra Industrial Motion, a ~$2B global business with 9,000 associates, focused on Power Transmission and Factory Automation products, Regal Rexnord has become a $7.3B company with 36,000 associates globally.

You may not realize it, but Regal Rexnord has a significant impact on your life every day. The 'company's products enable the fans in HVAC systems that keep us comfortable; the power source that keeps smart buildings running; the agricultural and food service equipment that keeps us fed; and the conveyor systems that keep e-commerce flowing, to name a few of the applications where our products are used.

Regal Rexnord's business purpose is to create a better tomorrow by energy-efficiently converting power into motion. This entails developing innovative solutions that balance both customer needs and the company's commitment to sustainability. The company's industrial powertrain and automation solutions are integral to its growth strategy. The 'company's strategy includes leveraging 80 / 20 to prioritize all activities, including product excellence, operational excellence and commercial excellence (i) driving organic sales growth through the introduction of innovative new products, with a particular focus on improving energy efficiency, (ii) establishing and maintaining new customers, as well as developing new opportunities with existing customers, (iii) participating in higher growth end markets and geographies, and (iv) identifying and consummating strategic, value creating acquisitions.

Scope of Leadership Role

The North America Motors & Drives division, a $1B global business, with 6,000 associates within the Power and Efficiency Solutions (PES) Segment of Regal Rexnord, is seeking an experienced Product Manager for our Pump Business Unit. This is a critical role in creating and driving a growth-focused product strategy.

Reporting to the Director of Product Management for the Pump BU, this role will have responsibility for the development and execution of product line roadmaps that enable sustainable differentiation for the assigned segment of the business while ensuring a balanced portfolio of investments in core products through the identification of new product development in top 20% of customers or markets. This position requires close collaboration with cross-functional product development teams, engineering teams, sales teams, marketing communications teams, finance teams, and business leadership. S / he will be responsible for driving activities and decisions focused on maintaining a high level of customer satisfaction and growing market share through innovation with purpose.

Key Responsibilities

Product Management

• Manage the entire life cycle of the assigned Motor product lines within the division, from strategic planning and product definition to tactical launch activities, share growth, and end-of-life management.
• Establish annual targets for growth and margin attainment, develop monthly tracking and metrics to measure performance, reporting out regularly to the BU leadership team.
• Assesses market competition by comparing the company's product to competitors' products, and executes countermeasures where appropriate.
• Coordinate and lead the ongoing Innovation and VOC exercises. Combine this information with a business case analysis to define business requirements and the product's value proposition.
• Develop and implement cohesive short- and long-term product line roadmaps for Motors platforms.
• Operate as the internal voice of our customers across development teams (primarily Engineering, Sales, and Marketing) through an understanding of market requirements, product definition, training, and launch activities.
• Brings new products to market by analyzing proposed product requirements and product development programs; developing quantifiable and sustainable value propositions from the customers' perspective vs. the next best alternative; preparing return-on-investment analyses; establishing time schedules with engineering, sales, marketing, and manufacturing.
• Develops product pricing strategies and manages the team to drive maximum profit and sales.
• Develop core messaging and positioning for assigned product lines within the business based on the established value proposition derived through VOC.
• Manage assigned product lines to the Regal Rexnord Business System, which includes 80 / 20 and Continuous Improvement in all aspects of product management and decision making.
• Recommends the nature and scope of present and future product lines by reviewing product specifications and requirements and appraising new product ideas.
• Develops controls and reviews KPIs in reference to planned objectives.

Professional Experience / Qualifications

Minimum Requirements :

Preferred Qualifications :