Product Development Manager

6 days ago

Northbrook, Illinois, United States UL Full time
Job Title: Product Development Manager

The Product Development Manager will be responsible for developing the market approach strategy and product lifecycle roadmap for new and existing service lines within the Security subsegment. This includes working closely with clients and industry stakeholders to identify specific needs and develop new services that will fuel long-term business growth for the organization.

Key Responsibilities:
  • Develop and champion new service strategies that ensure profitable growth and meet the business's desired goals.
  • Own all product management functions, including product mix assessment, market share evaluation, competitive analysis, and commercialization of new concepts.
  • Lead business case development for new organic growth projects.
  • Collaborate closely with Sales to conduct client discovery sessions and collect real-time client feedback to understand market needs, market trends, and UL's unique value proposition in the industry.
  • Prioritize global service types into a product roadmap that is aligned with the Built Environment's technology and research roadmap.
  • Actively engage with trade associations, regulators, specifiers, and other industry stakeholders to identify synergies, address concerns, and share UL expertise.
  • Ensure new product development remains on time and on budget.
  • Evaluate, advocate for, and set key product priorities in line with the business strategy and objectives.
  • Understand and manage to profitability goals/metrics.
  • Define pricing and competitive positioning based on various regional differentiators.
  • Implement market research strategies based on customer and market requirements.
  • Recommend new services for development and engage with Engineering, Operations, Sales, and Marketing to develop and launch new offerings.
  • Drive continuous improvement in Product Management by examining internal processes and identifying and executing on opportunities to streamline and create synergies throughout the business unit.
  • Facilitate Sales training and support for successful product/service launches.
  • Work with Cross-Functional Teams to identify initiative investment requirements and develop capital resource requests as required.
  • Develop and coordinate executive presentations and de-briefings.
  • Work closely with Sales, Sales Operations, Marketing, Professional Services, and Customer Service groups to develop world-class sales tools, templates, product collateral, white papers, customer case studies, and sales presentations.
  • Foster a culture of creativity, collaboration, speed, innovation, excellence, and fun while continuously elevating the quality and caliber of the business unit.
Requirements:
  • 5-7 years of product management or new business development experience.
  • Bachelor's degree in engineering, business, or a related field or comparable work experience.
  • Ability to work and communicate effectively with a global team.
  • Project Management certification is a plus.
  • Significant experience with physical Security products required, experience with cybersecurity, connected devices (IoT), digital technology is preferred.
  • Ability to travel up to 15% both domestic and internationally.
About UL:

UL Solutions (NYSE: ULS) transforms safety, security, and sustainability challenges into opportunities for customers in more than 110 countries. UL Solutions delivers testing, inspection, and certification services, together with software products and advisory offerings, that support our customers' product innovation and business growth. The UL Mark serves as a recognized symbol of trust in our customers' products and reflects an unwavering commitment to advancing our safety mission. We help our customers innovate, launch new products and services, navigate global markets and complex supply chains, and grow sustainably and responsibly into the future. Our science is your advantage.

UL LLC has been and will continue to be an equal opportunity employer. To assure full implementation of this equal employment policy, we will take steps to assure that:

Persons are recruited, hired, assigned, and promoted without regard to race, color, age, sex or gender, sexual orientation, gender identity, gender expression, transgender status, religion, creed, national origin, ethnicity, citizenship, ancestry, disability, genetic information, military or veteran status, pregnancy, marital or familial status, or any other protected category under applicable law.

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