Caterpillar, Inc

Lead Product Owner

Caterpillar, Inc$128K — $208K *
Enterprise Technology
Less than 5 years of experience
Job Overview by Ladders

Qualifications

  • 5-7 years of experience in product management or related field
  • Strong knowledge of business analysis principles and methodologies
  • Proficient in software change request management and problem management
  • Ability to drive cross-domain coordination and alignment principles
  • Effective communication skills, both verbal and written
  • Experience with user acceptance testing methodologies
  • Solid understanding of software engineering concepts and practices

Responsibilities

  • Own and manage PAL intake processes, including request triage and classification
  • Define and maintain the PAL backlog, prioritizing tasks across various domains
  • Resolve conflicts and duplication between products, ensuring streamlined PALs
  • Align PAL initiatives with business strategies and portfolio objectives
  • Coordinate consistent PAL definitions across product teams
  • Facilitate release sequencing and domain coordination for PAL deliverables
  • Enhance visibility of priorities through portfolio reviews and governance forums

Benefits

  • Comprehensive medical, dental, and vision plans
  • Generous paid time off policy
  • 401(k) retirement savings plans
  • Health Savings and Flexible Spending Accounts
  • Wellness programs and employee assistance services
  • Career development opportunities and tuition reimbursement
  • Incentive bonuses and voluntary benefits options
Full Job Description
Career Area:
Technology, Digital and Data

Job Description:

Job Summary
One Funnel is Caterpillar's unified approach to delivering targeted, data-driven actions to dealers across sales, service, and operations workflows. PALs (Prioritized Action Lists) are the core of this system-curated, actionable insights delivered to drive specific dealer outcomes.

The Lead Product Owner is responsible for defining and prioritizing PAL work across the portfolio by owning intake, backlog, and cross-domain coordination. This role ensures PAL development is aligned to business priorities and delivered as a unified system.

What You Will Do:
  • Own the PAL intake process, including triage and classification of requests
  • Define and manage the PAL backlog, prioritizing across domains
  • Resolve cross-product conflicts and duplication (e.g., overlapping PALs)
  • Align PAL work to business strategy and portfolio goals
  • Coordinate across product teams to ensure consistent PAL definitions and scope
  • Drive release sequencing and coordination across domains
  • Ensure visibility of priorities through portfolio reviews and governance forums
  • Establish and enforce clear criteria for PAL vs. product work
  • Own the PAL release process, coordinating with product and technical teams, write customer-facing release notes and co-author technical releases note with Lead One Funnel Specialist


What you will have:
  • Business Analysis: Knowledge of business analysis and the set of tasks, techniques and tools required to identify business needs; ability to recommend solutions that deliver value to stakeholders.
  • Decision Making and Critical Thinking: Knowledge of the decision-making process and associated tools and techniques; ability to accurately analyze situations and reach productive decisions based on informed judgment.
  • Effective Communications: Understanding of effective communication concepts, tools and techniques; ability to effectively transmit, receive, and accurately interpret ideas, information, and needs through the application of appropriate communication behaviors.
  • Software Change Request Management: Knowledge of software change request management; ability to manage software product change requests from customers, prospective customers, vendors, and internal staff.
  • Software Engineering: Knowledge of software engineering; ability to deliver new or enhanced fee-based software products.
  • Software Problem Management: Knowledge of strategies, practices and tools for resolving software problems; ability to manage software problems in installed software products.
  • Software Product Business Knowledge: Knowledge of and experience with the business aspects and operation of a software product; ability to manage install base, current uses, future plans, and product vision.
  • User Acceptance Testing (UAT): Knowledge of UAT activities, tasks, tools and techniques; ability to design, implement and evaluate acceptance tests for end-users.


Consideration for top candidates:
  • Previous experience leading cross-product or portfolio-level alignment and governance, with the ability to drive alignment, surface dependencies, and push teams to collaborate in a structured but pragmatic way
  • Experience owning product structure and data discipline at scale, ensuring consistency in definitions, field ownership, and dependencies across multiple teams and domains
  • Proven ability to operate in ambiguous environments, establishing intake, prioritization, and release processes where none exist and bringing clarity, structure, and discipline without over-engineering


Additional Details:
  • This position requires the candidate to be in Chicago, IL, Peoria, IL or Dallas, TX
  • Domestic relocation assistance is available for this position
  • Visa sponsorship is NOT available with this position
  • This position will require up to 15% travel


Summary Pay Range:

$128,470.00 - $208,770.00

Compensation and benefits offered may vary depending on multiple individualized factors, job level, market location, job-related knowledge, skills, individual performance and experience. Please note that salary is only one component of total compensation at Caterpillar.

Benefits:

Subject to plan eligibility, terms, and guidelines. This is a summary list of benefits.
  • Medical, dental, and vision benefits*
  • Paid time off plan (Vacation, Holidays, Volunteer, etc.)*
  • 401(k) savings plans*
  • Health Savings Account (HSA)*
  • Flexible Spending Accounts (FSAs)*
  • Health Lifestyle Programs*
  • Employee Assistance Program*
  • Voluntary Benefits and Employee Discounts*
  • Career Development*
  • Incentive bonus*
  • Disability benefits
  • Life Insurance
  • Parental leave
  • Adoption benefits
  • Tuition Reimbursement


* These benefits also apply to part-time employees

Relocation is available for this position.

Visa Sponsorship is not available for this position.

Posting Dates:

About Caterpillar, Inc

Progress Rail Services Corporation, a Caterpillar company, is one of the largest integrated and diversified suppliers of railroad and transit system products and services worldwide. Since its acquisition by Caterpillar Inc. in 2006, Progress Rail has used the Caterpillar international footprint to gain quick and widespread notice and approval across the globe. Product technology, reliability and durability, along with legendary aftermarket parts and service support, have been their keys to success. Caterpillar is the world's leading manufacturer of construction and mining equipment, diesel and natural gas engines and industrial gas turbines. The technology and world reach of Caterpillar, combined with the service standard and historical reliability of Progress Rail, ensures their products and services make a growing impact on the world rail industry. With their acquisition of Electro-Motive Diesel (EMD), Progress Rail is the world's largest builder of diesel-electric locomotives for all commercial railroad applications including freight, intercity passenger, commuter, switching, industrial and mining. EMD is also a global provider of diesel power engines for marine propulsion, offshore and land based oil well drilling rigs and stationary power generation. Electro-Motive is the only diesel engine manufacturer of its size to have produced more than 70,000 engines. This success stems from product reliability, serviceability, load acceptance capability, low operating costs and ease of maintenance with standardized components.

Caterpillar, Inc. Careers

Join the robust team at Caterpillar, Inc., a global leader in construction and mining equipment, where innovation drives everything we do. As part of our team, you'll engage in work that improves the world and furthers your career with every project you touch.

Work You’ll Do

At Caterpillar, Inc., you will have the opportunity to contribute to a variety of groundbreaking projects that extend across the globe. Our commitment to leadership in the industry is unwavering, and we achieve it through a culture that fosters diversity and leadership development.

Explore Job Opportunities and Growth

Caterpillar offers a wide range of job opportunities and career paths, providing a platform for professional growth and development. Whether you're interested in engineering, sales, marketing, or management, Caterpillar has a position that will utilize your unique skills and talents. We are continuously hiring innovative minds to propel our mission forward and maintain our status as industry leaders.

Internship Programs

Kickstart your career with a Caterpillar internship. Our internships provide invaluable workplace experience and networking opportunities that often lead to full-time employment at our company. As an intern, you will work alongside experienced professionals and gain insights that will benefit you as you advance in your career.

Benefits and Culture

Choosing a career at Caterpillar means more than just having a job. It means you're part of a team that values diversity and is committed to creating an inclusive environment. We offer competitive benefits to ensure the health and well-being of our employees and their families. These benefits include health insurance, retirement plans, and paid time off, alongside unique perks like professional development and diversity training programs.

Innovation and Leadership

Drive innovation and industry leadership as part of the Caterpillar team. We empower our employees to lead from their first day on the job, encouraging continuous improvement and career advancement. At Caterpillar, your ideas will shape the future of our business and the industries we serve.

Join Our Team

Search open positions that match your skills and interests. We are looking for passionate, curious, and solution-driven team players. Ready to start your journey at Caterpillar, Inc.? Explore our career portal for the latest job opportunities.

Stay Connected

Keep up to date with company news, career tips, and industry insights—all from the people who work here. Subscribe to our careers blog and personalize your subscription to receive updates that align with your career interests.

Prepare for Your Interview

Make a great first impression. Prepare for your interview at Caterpillar by reviewing common questions and practicing your responses. Tailor your resume to highlight the experiences and skills that make you the ideal candidate for the position you are applying for. At Caterpillar, Inc., every role offers the chance to make an impact. Come be a part of our team and drive the future of our global industries. Your career at Caterpillar is not just about what you'll accomplish, but how you'll grow and the innovation you'll lead. Join us and build a career that matters.
Learn more about Caterpillar, Inc
Size
107,700 employees
Market Cap
$125.3 billion
Industry
Net Income
$2.9 billion
Founded
1925
5 Year Trend
+5.8%
Revenue
$41.7 billion
NASDAQ

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