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Product Manager
4 months ago
SUMMARY
The Product Manager is the global RRX champion and expert for assigned product lines with primary responsibility for developing and implementing strategies to optimize market share, sales growth and profit, as well as spearheading multidisciplinary efforts to achieve Product Line Simplification, and implementation of 80/20.
This position coordinates the activities of design engineering, as well as any assigned marketing support and application support personnel. Customer segmentation, improvement of existing product, product obsolescence, new product development, and creating an environment to stimulate innovation are key responsibilities.
In addition, the Product Manager may perform market management responsibilities on defined market segments. In this role the Product Manager will be the owner of Columbia City's assigned products and/or customers, looking for existing and future opportunities to employ our products and technologies.
ESSENTIAL DUTIES AND RESPONSIBILITIES include the following. Other duties may be assigned.
For assigned product lines and market segments, gather, analyze, communicate and coordinate the implementation of necessary changes to address the following:
Customer needs (VOC)
Industry/Market needs and trends
Customer opportunities
Industry/Market opportunities
Develops and maintains a comprehensive product and/or market plans for "A" customers, updating regularly and communicating the vision to management for review and support.
Coordinate Columbia City's activities worldwide on programs required to support multi-national customers and industries including sales activities, Engineering activities, Logistics activities
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Quotation and launching of major programs
Manage product line(s) to achieve goals of product growth and profitability, utilizing tools including;
Product Line Simplification along with 80/20 analysis, and relevant plans for "A" customers as well as Quad 4
Value engineering exercises, and asset management (inventory, capacity, where made)
New product introductions, and product portfolio information
Promotion (PR, sales collateral, trade shows, trade associations, advertising)
Target customer sales efforts
Works closely with the appropriate sales and marketing teams, as well as engineering and manufacturing, to keep all informed on pertinent market and product activities and trends at key customers, including;
Current and future projects
New or modified product needs
Competitive activity
Real market pricing
Technology and product trends
Communicate strategic direction on key product and market responsibilities;
Channels to utilize
Specific product requirements (features, benefits, costs, technical)
Desired brand
Pricing
Systematically monitor and track market share, segmentation, competitors, industry trends, results from initiatives, goals and objectives, sales, margins, and other key data and report as required by management.
SWOT analysis
Top customer reports
Market/Product reports
3rd party industry and research reports
Policy Deployment
Monthly management reports
Sales forecast
Acquisition targets
Drive change and continuous improvement to ensure long term health of the global product line.
Ensure coordination and transfer of technology across manufacturing plants and technical organization, world-wide, which produce assigned products.
Responsible for all commercial activities including:
Global pricing
Quotations
Terms and conditions of sale
Delivery and lead time requirements
Apply corporate policies governing the authorization and approval of contracts, quotations, and other commercial transactions.
Maintains efficient and secure processes related to documents, drawings, intellectual property, customer prototype product orders, product realization, cost estimates, quotes, customer contracts, and other commercial documents.
QUALIFICATIONS
To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. The requirements listed below are representative of the knowledge, skill, and/or ability required. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
Education and/or Experience
BS degree in accredited engineering or business program or comparable experience.
Additional requirements include strong analytical, communication and conflict resolution skills
5+ years of experience required in a manufacturing environment
Outstanding project management, group coordination, training, communication and presentation skills
Effective and collaborative problem-solving skills
Self-motivation, drive, energy, and resilience
Excellent interpersonal skills: positive, persuasive, motivating
Demonstrated talent for building effective relationships with individuals at all levels in the organization
Strong business acumen and cost analysis skills
Comprehensive Knowledge of Columbia City's Magstop Products, or previous Product Management and/or Project Management (Product Launch) experience
PHYSICAL DEMANDS
The physical demands described here 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.
WORK ENVIRONMENT
The work environment characteristics described here are representative of those an employee encounters while performing the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
#LI-PF2
BenefitsMedical, 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
Regal Rexnord is a $6.5B 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 controllers, drives, precision motors, and actuators, controls motion in applications ranging from factory automation to precision tools used in surgical applications.
The Company's 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 RegalRexnord.com.
Equal Employment Opportunity StatementRegal 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, age, ancestry, national origin, 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 you'd like to view a copy of the company's affirmative action plan or policy statement, please email Recruiting@RegalRexnord.com. If 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 Recruiting@RegalRexnord.com.
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 agencies. In 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.