Product Manager I

Company: ITW
Location: Glenview
Posted on: May 15, 2022

Job Description:

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