Product Manager I
Company: ITW
Location: Glenview
Posted on: May 13, 2022
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Job Description:
Company Description JOIN OUR TEAM ITW has an exciting career
opportunity to join our team as a Product Manager I. ITW offers its
employees a path for advancement, a competitive salary, and a
comprehensive benefits package designed to help employees care for
themselves, their families, and their futures. Job Description The
Product Manager will profitably grow responsible product groups by
developing, implementing, and driving marketing/business strategies
and tactical action plans. This individual will act as the voice of
customer using end-user market research insights, customer POS, and
macro market trends to effectively manage the product portfolio and
drive new product development. This position offers the opportunity
to grow business acumen through collaboration with our Sales,
Operations and Engineering teams. This role interfaces with
exciting retail customers like Home Depot and Lowe---s through
product line management to achieve maximum growth and
profitability. We are looking for business leaders who are
excellent problem solvers with strong communication skills that
perform well in an entrepreneurial environment. A successful
candidate will be able to leverage the ITW Business Model to
position their product categories for sustained growth. Primary
Responsibilities Customer Back Innovation --- Execution of the new
product development roadmap to capitalize on key market
opportunities and champion the Customer Back Innovation stage gate
process through cross-functional leadership. Product Manager will
lead new product launch efforts including forecasting volumes, end
user validation, and product training, as well as collaborate with
the brand team on positioning, messaging, marketing collateral,
sales materials, and integrated marketing planning. End-User
Intimacy --- Gain strong understanding of voice of customer through
qualitative and quantitative market research that drives product
strategy and development. Execute strategies based on end-user
segmentation to ensure proper targeting and prioritization Product
Portfolio Management --- Lead product portfolio strategy including
management of existing product mix and pricing strategy to drive
top/bottom-line financial performance. Participate in capacity
planning efforts working with operations and engineering.
Responsible for product line maintenance including SKU
rationalization, pricing strategies, promotion strategies, and
simplification to optimize the product mix and financials.
Financial Ownership --- The Product Manager will own the P&L
for their product category and deliver on key metrics by utilizing
the ITW toolbox philosophies and other key performance indicators.
Market Landscape --- The Product Manager will have a full
understanding of the market dynamics including customer,
competitive, and end user trends, and actions that will drive
market sizing efforts to ensure focus on addressable market. Other
duties as assigned Qualifications Bachelor---s degree in business,
engineering, marketing, or a comparable discipline, required. A
minimum of 3 years of marketing experience preferred with at least
1 year of relevant product management experience; exposure to new
product development activities required Experience with durable
goods is preferred Financial acumen to analyze financial results
and new market opportunities is required Advanced skills in Excel,
Word and Power Point are required. The ability to travel
approximately 20% is required Strong team/project management,
communications, and presentation skills Proven ability to influence
cross-functional teams without formal authority Ability to maintain
a keen attention to detail, multitask and work well under pressure
Natural tendency to be curious, positive, and creative Additional
Information ITW (NYSE: ITW) is a Fortune 250 global
multi-industrial manufacturing leader with revenues totaling $14.5
billion in 2021. The company---s seven industry-leading segments
leverage the unique ITW Business Model to drive solid growth with
best-in-class margins and returns in markets where highly
innovative, customer-focused solutions are required. ITW---s
approximately 45,000 dedicated colleagues around the world thrive
in the company---s decentralized and entrepreneurial culture.
www.itw.com. ITW Residential & Renovation (R&R) offers a broad
range of professional grade anchoring tools and fasteners for
numerous construction applications. Our products include wood to
wood fastening systems (Paslode), structural wood fasteners (GRK
Fasteners---), concrete anchoring systems (Tapcon--, Red Head--,
Ramset--), underlayment screws (Rock-On--, Backer-On--),
self-drilling screws (Teks--) and drywall anchoring systems (E-Z
Ancor--). ITW R&R excels in meeting the growing demands from
Pro end-users for high-quality home improvement and construction
fastening products. Our products are trusted by industry
professionals and each brand is the market leader in its respective
category in terms of quality, performance, and ease of use. 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. This position requires an employee to work in
a variety of locations including, but not limited to home office,
job sites, lumberyards, and distributor locations. These
environments are not controlled by ITW. 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. While performing the duties of this job, the employee is
frequently required to sit, stand, talk, hear, reach with hands and
arms, and regularly required to walk. Must be able to lift 40 lbs.,
able to walk and stand for long periods of time at customer events,
trade shows, and job site locations. Position requires
approximately 20% travel and the ability to operate a motor
vehicle. ITW is an equal opportunity employer. We value our
colleagues--- unique perspectives, experiences and ideas and create
workplaces where everyone can develop their careers and perform to
their full potential. As an equal employment opportunity employer,
ITW is committed to equal employment opportunity and fair treatment
for employees, beginning with the hiring process and continuing
through all aspects of the employment relationship. All qualified
applicants will receive consideration for employment without regard
to race, color, sex, gender identity, sexual orientation, religion,
national origin, age, disability, protected Veteran status or any
other characteristic protected by applicable federal, state, or
local laws. ITW is an equal opportunity employer. We value our
colleagues--- unique perspectives, experiences and ideas and create
workplaces where everyone can develop their careers and perform to
their full potential. As an equal employment opportunity employer,
ITW is committed to equal employment opportunity and fair treatment
for employees, beginning with the hiring process and continuing
through all aspects of the employment relationship. All qualified
applicants will receive consideration for employment without regard
to race, color, sex, gender identity, sexual orientation, religion,
national origin, age, disability, protected Veteran status or any
other characteristic protected by applicable federal, state, or
local laws.
Keywords: ITW, Glenview , Product Manager I, Executive , Glenview, Illinois
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