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Product Manager

4 weeks ago

Oak Brook, Illinois, United States 1872 Consulting Full time
Product Manager, Residential Accessories

Join 1872 Consulting as a Product Manager, Residential Accessories, and drive the development, communication, and implementation of product strategy for our residential business unit. As a key member of our team, you will be responsible for managing both hardware and software specifications of our products.

Key Responsibilities:
  • Product Strategy Development: Develop, communicate, and implement product strategy for assigned business unit product category, delivering brand strategy, product category management, integrated marketing planning, and pricing strategies.
  • Financial Performance: Drive annual and multi-year operating plans and results for your product category, aligned to our overall business objectives (revenue, gross profit, operating income, quality, delivery, cost, and innovation). Track product category financial performance and ensure organizational alignment of product category priorities and goals.
  • Product Category Management: Support achievement of full P&L objectives for the assigned product categories, driving profitability, volume growth, and market share, as well as execution of product and services.
  • Pricing and Revenue Growth: Own achievement of product category average net selling price and gross margin, recommending and implementing pricing objectives, strategies, and guardrails to extract maximum value on new and existing products. Focus on growing revenue through product line mix and average net selling price improvements, improving margin through cost reductions, and updating product line with incremental innovation.
  • Product Roadmap: Define and communicate the product category vision in support of the business unit strategy, including maintaining a clear product roadmap aligned to business goals in the short- and long-term. Emphasis should be on fast-paced new product development and releases, sustaining product support, and insight-driven product strategy.
  • Go-to-Market Strategies: Develop and implement the strategy for your product offering, brand, and channels. Partner with marketing, sales, and customer experience leaders to develop go-to-market strategies to win in targeted customer segments. Lead the creation of end-to-end operational plans to drive profitability, grow, and scale the business.
  • Product Owner: Serve as a Product Owner leading the development and owning the implementation and sustaining of end-user connected experiences, including uncovering real-time consumer insights, driving user experience requirements, creating business cases, and winning value propositions, and leading cross-functional development teams.
  • Quality and Cost Management: Ensure cross-functional marketing teams have the necessary processes and procedures in place to manage the quality, cost, and delivery of products. Identify areas for improvement, propose improvements to leadership, and ensure teams take action when corrections are needed.
  • After-Sales and Service Strategy: Develop a clear after-sales and service strategy to ensure customers are cultivated and supported in the long term, with the Customer Experience and Marketing teams, as appropriate.
  • Product Content Guidance: Provide product content guidance and prioritization, integrated marketing planning, and pricing strategies, facilitating and/or leading daily scrum activities, and executing against clearly defined timelines.
Requirements:
  • 3+ years of experience in Product Management focusing on Smart Home/IoT products.
  • Experience working on Electromechanical or Consumer Electronics.
  • Able to travel up to 25%.
Nice to Have:
  • Master's in Business Administration (MBA).
  • Technical product development experience with overseas OEM/ODM vendors.