Illinois Tool Works

Product Manager II

Illinois Tool Works$120K — $130K *
Manufacturing & Automotive
Less than 5 years of experience
Job Overview by Ladders

Qualifications

  • Bachelor’s Degree in business, engineering, marketing, or related field; MBA preferred.
  • 3-5 years of marketing experience; 2-3 years in product management, specifically in new product development.
  • Experience with durable goods preferred.
  • Financial acumen for analyzing results and market opportunities.
  • Proficiency in Excel, Word, and PowerPoint.

Responsibilities

  • Execute new product development roadmap with a focus on market opportunities.
  • Conduct qualitative and quantitative market research to guide product strategy.
  • Manage product portfolio including pricing strategy to enhance financial performance.
  • Own the P&L for product categories and track key performance metrics.
  • Understand market dynamics and drive efforts in market sizing.

Benefits

  • Paid vacation, sick leave, holidays, and parental leave.
  • Access to resources supporting personal and professional growth.
  • Flexible working environments including home office and on-site locations.
Full Job Description

Job Description:

The Product Manager II will set strategy, drive innovation, and manage profitability across their product categories. The Product Manager will interact with all functional groups throughout the division as the owner of the overall product lifecycle. This individual will be the product category leader responsible for total portfolio management. ITW is looking for business leaders that 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 including end user backed product development, implementation of 80/20 prioritization, and a focus on simplification to position their product categories for sustained growth.

Core 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 Managers will lead new product rollout efforts including forecasting volumes, end user validation, integrated marketing planning as well as sales and channel training.
  • End User Intimacy – Gain strong understanding of voice of customer through qualitative and quantitative market research that drive product strategy and development. Lead 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- and bottom-line financial performance. Participate in capacity planning efforts working with operations and engineering.  Responsible for product line maintenance including SKU rationalization and simplification to optimize the product mix and financials.
  • Financial Ownership – The Product Manager will own the P&L for their product categories 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 and end user trends, competitive trends and actions and will drive market sizing efforts to ensure focus on addressable market.  weaknesses of our competitor’s products/brands.

Qualifications:

  • Bachelor’s Degree required in business, engineering, marketing, or a comparable discipline, required; MBA, preferred.
  • A minimum of 3-5 years of marketing experience preferred with at least 2-3 years of product management experience; new product development experience, from inception to product introduction and full product lifecycle management preferred
  • Experience with durable goods is preferred
  • Financial acumen to analyze financial results and new market opportunities is preferred
  • 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
  • Self-starter with a natural tendency to be curious, positive, and creative

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.

Compensation Information:

We believe our people are our greatest asset. That’s why we invest in creating an environment where you can thrive—both personally and professionally.  For more details, .

In addition, our benefits include paid vacation, sick, holiday, and parental leave.

Annual base salary range for this position is $120,000 - $130,000, plus up to 10% annual bonus incentive. Please note that this salary information serves as a general guideline. Company considers various factors when extending an offer, including but not limited to the scope and responsibilities of the position, the candidate's work experience, education and training, key skills, as well as market and business considerations.

About Illinois Tool Works

ITW is an industrial manufacturing company that specializes in the fields of industrial machinery, engineering, operations, sales, marketing, finance, and accounting. It's in deep-sea oil rigs, aerospace technology, bridges and wind turbines, healthcare, the spaces in which they live and work, the cars they drive, and the mobile devices they rely on. It was founded in 1912 and headquartered in Glenview Nas, Illinois.

Illinois Tool Works Careers

Join the dynamic team at Illinois Tool Works (ITW), a global leader in diversified manufacturing, where innovation and excellence drive us forward. ITW offers unparalleled job opportunities, fostering a culture of growth and leadership in the industry.

Work You’ll Do

At Illinois Tool Works, you will be part of a professional community that thrives on creativity and innovation. Our employees are equipped with the skills needed to succeed and are provided with endless opportunities for professional growth. Engage in work that matters, with projects that transform industries and enhance futures.

Explore Career Paths

Whether you're seeking an internship, a graduate opportunity, or a seasoned professional position, ITW offers a range of career paths across various departments. Our team benefits from a supportive and diverse working environment where every member’s contribution is valued.

Innovate and Lead

Join a team where innovation leads to revolutionary solutions in industries worldwide. At ITW, you will work alongside industry experts to develop new ideas and strategies that keep us at the forefront of technological advancements. Your career at ITW will be marked by a continuous journey of growth and leadership.

Develop Your Skills

With ITW’s commitment to professional development and diversity training, you will enhance your skills through targeted training programs and workshops. These opportunities not only boost your career but also ensure you stay competitive in the job market.

Be Part of Our Culture

ITW is dedicated to building a culture that respects and embraces diversity, encourages innovation, and fosters leadership. Our team is our greatest asset, and we believe in providing them with the benefits and resources they need to succeed both professionally and personally.

Networking and Professional Growth

Expand your professional network through ITW’s global presence and collaborative work environment. Engage with professionals across different sectors, gaining insights that can lead to significant career advancements. Our networking events and professional groups help you connect with key industry leaders and peers.

Join Our Team

Search for open positions that match your skills and interests on the ITW Careers page. We are looking for passionate, curious, and solution-driven team players who are ready to take their career to the next level.

Stay Connected

Keep up to date with the latest industry trends, company news, and career tips by following our careers blog. Personalize your experience by subscribing to job alert emails, tailored to your preferences and career goals. Explore the opportunities at Illinois Tool Works today and discover how your expertise can help shape the future of our company and the industries we serve. Join us in our mission to achieve excellence through innovation and leadership.
Learn more about Illinois Tool Works
Size
45,000 employees
Market Cap
$68.1 billion
Industry
Net Income
$2.1 billion
Founded
1912
5 Year Trend
+1.2%
Revenue
$12.5 billion
NASDAQ

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