At Prinova, our passion for food knows no bounds! With a rich history spanning over four decades in the food industry, we have established ourselves as a trusted global supplier and manufacturer of functional food ingredients, flavors, and aromas. With CUSTOMER FOCUS as our central core value, we put pride in our work to ensure the end user has a quality product.

For the past three years, Prinova has proudly received national acclaim as one of the Best and Brightest Companies to Work For® in the Nation, a testament to our status as an exceptional employer.

Guided by the renowned FISH® philosophy, we prioritize creating meaningful work interactions, fostering community engagement, and empowering professional growth, ensuring a remarkable and fulfilling experience for our team members.

Product Manager - Sweeteners

Department: Purchasing, Distribution,
Location: Itasca
Type: Full-Time

Summary:

The Product Manager is responsible for the overall performance of a product portfolio, focused on driving sustainable and profitable growth for the overall business. The Product Manager leads the design and execution of the product strategy and is responsible for portfolio management, pricing strategy and technical knowledge based sales. This position works cross functionally in the organization and has customer facing interactions.

Essential Duties and Responsibilities include the following. Other duties may be assigned

Strategic Planning: Define and execute product line strategies and tactics, building on global/regional product strategies and local category strategies.

• Lead development and execution of product line strategy vision, ensuring prioritization and proper communication across the organization.
• Conduct analysis on the current business to identify how best to implement the business model
• Compile competitor intelligence, and incorporate learnings into ongoing platform management
• Ensure that all dealings are with vendors providing high quality products and services, while following the highest code of ethics and conduct

Product Line profitability: Drive profitability for the business through pricing strategy and margin management; clear ownership of break-even points, target margins, and price banding

Set product line pricing strategy, including floor pricing and target pricing for individual SKUs

• Monitor market conditions to determine necessary changes in item pricing (both up and down) and adjust target inventory levels, purchasing biases, and price lists accordingly
• Work together with management to outline targets (growth rate, revenue, CM, GP criteria)
• Work with the sales team as the product and market expert on portfolio

Portfolio Management: Optimize the product portfolio to SKU level, making choices about new SKU commercialization, SKU rationalization

• Review and approve sales orders for managed products
• Manage inbound receipt process

Distribution Optimization: Participate at the cross-functional team to identify and realize optimization potential across the value chain

• Ensure product inventory is maintained at appropriate levels for assigned products

• Monitor costs and develop inventory levels
• Maintain minimum designated turns on all items in portfolio
• Eliminate excess and overstock inventories

Supervisory Responsibilities:

This position will have no supervisory responsibilities.

Qualifications:

To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. The requirements listed below are representative of the knowledge, skill, and/or ability required. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

Required Education and/or Experience:

Bachelor's degree from four-year college or university, plus three years minimum work experience in a sales or product management environment, preferably in the international food and beverage or flavor and fragrance ingredients distribution industry. Previous experience with high volatility commodity products preferred.

Required Skills/Abilities:

Key Competencies

Strong commercial acumen, with a proven ability to make choices and prioritize projects in relation to the business opportunity they represent

Strong action orientation, self-starter and able to work independently as needed

Analytical and detailed-oriented, and a comfort discussing technical details

Excellent interpersonal, communication and presentation skills

Excellent organizational and problem solving skills

Proven success in a team environment

Proven ability to manage and influence others

Computer Skills

To perform this job successfully, an individual should have knowledge of Database software; Inventory software; Spreadsheet software and Word Processing software.

Travel:

Up to 20% travel

Work Conditions & Physical Requirements:

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.

• Ability to lift up to 10 lbs.
• Work environment is normally in an office setting. Must be able to make frequent rounds in a warehouse environment
• Ability to view a computer screen and type for extended hours
• Ability to sit and stand for extended periods of time
• Other physical requirements include moderate standing and occasional squatting, bending, and twisting
• Ability to work around a variety of different smells and aromas
• Ability to adjust work schedule as business needs require.

Quality/Safety Responsibilities:

All Prinova employees are required to ensure compliance standards with food safety, food defense and food quality. (FDA, ILDPH, FSMA and BRC).

It is the responsibility of each employee to comply with occupational safety and health standards issued under OSHA and to follow all rules, regulations, and procedures established by the Company to ensure that their actions do not impact the health and safety of themselves or others.

What's in it for you?

Competitive Pay - $100,000- $140,000 annually

Experience, education, geographic location and shift all taken into consideration.

Benefits:

• Medical
• Dental
• Vision
• STD
• LTD
• HSA.
• FSA
• PTO
• Life Insurance
• 401(k) & Roth with employer match
• Eight Paid Holidays + 2 Floating Holidays
• Voluntary - Critical Illness, Hospital Indemnity, Accident
• Personal growth including training and development opportunities