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Product Innovation Director
1 week ago
Prestige Consumer Healthcare is a company focused on product innovation and quality in the over-the-counter healthcare and women's health categories to better improve the lives of our customers.
For generations, our trusted brands have helped consumers care for themselves and their loved ones. We are the largest independent provider of over-the-counter products in North America, constantly improving and creating products that match the ever-changing lifestyles and needs of people and families everywhere.
The Senior Manager will collaborate with their marketing partner to own the new product roadmap for the Women's Health category. Their key areas of focus include:
- New Product Roadmap Development: The Senior Manager will work with Marketing to strategically plan and develop the multi-year product roadmap, ensuring alignment with business goals and consumer needs while reducing technical and timeline risk.
- New Product Execution: Manage internal and external teams in the development of product formulation from ideation through scale-up activities in collaboration with manufacturers to ensure new products launch on time across the multi-year roadmap.
- Internal Team Development and External Collaboration: They will lead and coach an internal Research and Development (R&D) team, as well as collaborate with external R&D partners. This involves fostering innovation, driving product development, and ensuring successful execution.
- Project Specific Lead: They will lead specific projects from start to finish as the R&D lead.
Overall, the Senior Product Manager will play a pivotal role in driving product innovation in a cross-functional team environment, improving the lives of our consumers, and ensuring the company meets financial goals.
Major Responsibilities/Activities:
- Responsible for R&D leadership of multiple product lines/categories within PCH portfolio
- Ensure R&D multi-year pipeline meets business financial goals with appropriate timelines.
- Lead, coach, and mentor internal R&D team ensuring the team has the necessary skills and expertise to achieve project goals.
- Participate in consumer research to understand the needs of the consumer.
- Collaborate with Marketing to ideate new products.
- Develop and manage product plan and budget using internal and external resources.
- Lead the identification and evaluation of new technologies to incorporate into new products.
- Ideate novel consumer claims and work together with Legal and Regulatory on substantiation.
- Manage internal and external team in development of product formulation.
- Lead technical scale-up activities in collaboration with manufacturers.
- Collaborate with project management to ensure projects launch on time.
- Develop relationships with raw material suppliers and other external companies to support R&D.
- Negotiate Development Agreements with external partners.
- Provide minimal R&D support to currently marketed products and manufacturing.
- Collaborate with Procurement to negotiate and optimize product cost of goods.
