Parker Hannifin

Product Line Manager I

Parker Hannifin$70K — $95K *
Consumer Technology
Less than 5 years of experience
Job Overview by Ladders

Qualifications

  • Four-year degree in Engineering, Engineering Technology, or Business; MBA preferred
  • Minimum four years of product management experience
  • Proficient in Microsoft Office Applications and Salesforce
  • Strong verbal and written communication skills
  • Excellent analytical capabilities
  • Ability to manage multiple priorities and resolve problems effectively
  • Willingness to travel up to 25%

Responsibilities

  • Drive sales and margin expansion for a defined product portfolio
  • Monitor sales outcomes and recommend actions to enhance performance
  • Develop and manage product portfolio strategies aligned with company goals
  • Lead the product life cycle management and end-of-life processes
  • Create compelling product value propositions and oversee new product launches
  • Conduct market research and support customer segmentation efforts
  • Maintain product documentation and support competitive analysis

Benefits

  • Opportunities for professional growth and development
  • Participation in cross-functional team projects
  • Involvement in innovative product development initiatives
  • Access to global product platforms
  • Networking opportunities through trade shows and sales conferences
Full Job Description
Position Summary

PositionSummary:

The Product Manager supports a comprehensive product strategy from product conception through the entire life cycle for a single product line typically within a single region within a small division of a product group.

Scope/SupervisionandInteraction:

Has Direct Reports __X Does Not Have Direct Reports

Supports sales and margin growth of limited scope, single product portfolios, typically in divisions (less than $100 million). Accountable for driving sales and margin growth of the product category. The role requires strong leadership, drive and ability to guide and influence externally and internally within a matrixed organization. Actively participate with cross functional teams including engineering, supply chain, sales and production to manage entire product life cycle and maintain customer satisfaction and business objectives. Track key business performance indicators to identify and execute necessary countermeasure to achieving business/market goals to overcome obstacles or changes in market dynamics.

EssentialFunctions:
  • Responsible for the product line (product, promotion, pricing, and channel) for a defined portfolio of products to drive sales and margin expansion
  • Responsible for the assigned product line (product, promotion, pricing, and channel) for a defined portfolio of products to drive sales and margin expansion
    • Monitors sales and margin results and tracks and recommends appropriate actions
  • Develop and manage the product portfolio strategy
    • Lead the multi-generational product roadmap development process in line with division strategic Plans
    • Supports Winovation new product development process
    • Defining customer requirements/needs and government & regulatory standards
    • Support Global Product Platforms
  • Ownership of the product life cycle Management of the product portfolio
    • Complexity analysis & reduction
    • Manage product end-of-life cycle
    • Apply POP (Parker Operating Principle)
    • Support Simple by Design
    • Participates in the development and implementation of appropriate response strategies. - Develops and leads IME strategies (existing product innovations/modifications/extensions).
  • Develop product value propositions and be accountable for new product launches
    • Investigates market needs for innovative products and works with Engineering to appropriately prioritize product development efforts for the product line.
  • Support Customer Segmentation
    • Conducts market research through trade associations, internet investigation and corporate services.
  • Monitors competitors' position, action and products
  • Maintain product literature, catalogs, technical bulletins, etc.
    • Manage competitive Cross-Over
  • Attend customer visits, sales conferences, trade shows, as required.
  • Attract, develop, & retain talent within the product manager function (Senior PM Only)
  • Lead multiple/division product portfolio (Senior PM Only)

Qualifications:
  • Four-year degree, preferably in Engineering, Engineering Technology or Business discipline. MBA desired
  • Minimum Four (4) years product management experience
  • Strong computer skills (Microsoft Office Applications, Salesforce)
  • Strong verbal and written communication skills
  • Strong analytical skills
  • Demonstrated ability to organize and manage multiple priorities using effective problem solving / resolution skills and a team focus
  • Travel up to 25%
Key Performance Indicators (KPI):
  • Sales and Gross Margin/Net Manufacturing Margin for product portfolio
  • Product Portfolio Complexity & Simplification
  • Simple by Design Savings / Product Cost Out
  • Aged and Obsolete Inventory for product portfolio
  • New Product Launch Performance to Business Case
  • Sale Price Index (SPI) - mature / End of life (EOL) products
  • Product Vital index

About Parker Hannifin

Parker Hannifin is a diversified manufacturer of motion and control technologies and systems, providing precision-engineered solutions for a wide variety of commercial, mobile, industrial, and aerospace markets. They are also demonstrating how their interconnected portfolio of motion and control technologies is critical to enabling a cleaner and sustainable world.

Parker Hannifin Careers

Join the vibrant team at Parker Hannifin, a global leader in motion and control technologies, and be part of a company known for its innovative approach and commitment to excellence. At Parker Hannifin, we offer a wide range of job opportunities that allow professionals to advance their careers in an environment that fosters growth, leadership, and diversity.

Work You’ll Do

At Parker Hannifin, every position contributes to our mission of solving the world’s greatest engineering challenges. Our team is composed of highly skilled professionals dedicated to pushing the boundaries of technology and innovation. Whether you are looking for a full-time position, an internship, or a leadership role, Parker Hannifin has a place for you.

Innovate and Lead

Embrace the opportunity to lead projects that redefine industry standards. Parker Hannifin is at the forefront of technological innovation, and our employees are the driving force behind our success. With a culture that values diversity and creative problem-solving, you will work alongside some of the brightest minds in the industry.

Grow Your Career

Parker Hannifin is committed to the professional growth of our employees. With comprehensive training programs and a focus on career development, we ensure that our team members have the resources they need to succeed. Our commitment to professional development is matched by our dedication to promoting from within, providing a clear path for career advancement.

Be Part of a Great Team

Our team at Parker Hannifin is our greatest asset. We pride ourselves on a culture that promotes teamwork, respect, and collaboration. With a global network of professionals, the opportunities for networking and cross-functional collaboration are vast. Join us and be part of a team that is making a difference in the world.

Benefits and Culture

Parker Hannifin offers a competitive benefits package that supports the health, well-being, and financial security of our employees and their families. From health insurance to retirement plans, we provide the benefits that help you live a healthier and more secure life. Our inclusive culture encourages involvement and offers various channels for employees to express their ideas and insights.

Explore Job Opportunities

Are you ready to take the next step in your career? Explore the exciting job opportunities at Parker Hannifin. From engineering to marketing, and from sales to customer service, we have positions that match a wide range of skills and interests. - **Search Parker Hannifin Jobs**: Find open positions that align with your skills and career goals. We are continuously hiring and looking for new talent to join our dynamic team. - **Prepare Your Application**: Tailor your resume and prepare for your interview with us. Show us how your experience and skills make you the perfect fit for Parker Hannifin. - **Internship Programs**: Gain hands-on experience and build your professional network through our internship programs. These opportunities are designed to give you a solid foundation in your chosen field.

Stay Connected

- **Join Our Team**: Stay ahead with career tips, insider perspectives, and industry-leading insights you can put to use today—all from the people who work here. - **Career Development**: Engage in ongoing learning and development programs to enhance your skills and boost your career prospects. - **Job Alert Emails**: Personalize your subscription to receive job alerts, latest news, and insider tips tailored to your preferences. Discover the exciting and rewarding opportunities that await at Parker Hannifin. At Parker Hannifin, we are not just offering jobs; we are offering careers that make a global impact. Join us and be part of a legacy of leadership, innovation, and diversity.
Learn more about Parker Hannifin
Size
54,640 employees
Market Cap
$37.5 billion
Industry
Net Income
$1.4 billion
Founded
1918
5 Year Trend
+5.7%
Revenue
$13.5 billion
NASDAQ

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