Scope of Position The Sr. Product Manager role is responsible for managing the commercial performance of a given product portfolio through its lifecycle. Key responsibilities include curation of the portfolio strategy, new product development & commercialization and financial performance.
This position is responsible for the supervision of direct reports including product managers and associate product managers.
This position reports to the Director of Product Management. This position is based in Menomonee Falls, WI
Primary Job Duties and Responsibilities - Accountable for the development and execution of product portfolio strategy, including value proposition, value delivery model, product roadmaps and product lifecycle (new product development through obsolescence).
- Own end-to-end P&L responsibility for product lines, including monthly financial performance reporting and analysis to management.
- Accountable for maximizing performance of product line(s) as measured via orders / sales growth, profitability and cash-flow generation.
- Responsible for adherence to product line base cost targets to ensure fit with overall global plan while ensuring investments in technology, marketing, etc. are adequate to accomplish product line goals.
- Lead cross-functional teams across engineering, operations, supply chain, marketing, and sales to drive execution of NPD, strategic initiatives, and business plans for the product line.
- Accountable for the development and execution of New Product Development launch (NPD) plans, including but not limited to coordination of internal and external resources, investment budgets, marketing campaigns/ content, and sales plans.
- Responsible for major reviews including Business Plan, Strategy Plan, Annual Operating Plan, and other periodic estimates that are required by the business. Inputs will include financial projections (orders, sales and profitability by product line) and specific commitments for growth from commercial programs and new product development launches.
- Develop pricing and positioning strategies including pricing execution and communication.
- Works with sales and marketing team to develop and refine the product line go to market strategy, ensuring sufficient and effective sales resource and channel partner strategy/management.
- Provide leadership for product line SIOP, partnering with sales on demand planning and ensuring monthly alignment with operations to support market and customer requirements.
- Understand market needs, trends and competitor intelligence for the given Product Line(s). Design, develop, track, and update competitive intelligence and market penetration database.
- Focal point for global intelligence/ expertise on competition, standards and policy position.
- Create and/ or support the creation of training materials and lead training sessions to educate customers and Watts sales personnel on product technical features and benefits - Travel is required to support training activities.
Required Qualifications - Bachelor's degree, Engineering/Marketing or related field experience, MBA is a plus.
- 8+ years of relevant Product Management experience, ideally within target markets related to the specific product line, with proven successful track record.
- Proven success in developing and implementing both strategic and financial business plans.
- Proven leadership ability to lead virtual teams and work across a matrix.
- Sales Channel and or Management experience.
- Relevant engineering experience.
- Must have strong influencing skills.
- Excellent presentation and communication skills.
- Outstanding interpersonal skills with an emphasis on building strong team relationships.
- Proactive, creative work style and a self-starter.
- Willingness to travel, as required.
- Strong computer skills (Microsoft Office suite) required.
General Applicable Company Competencies - Commitment to Watts' values of integrity, accountability, continuous improvement and innovation, and transparency.
- Punctuality and dependability.
- Ability to be flexible and adapt to changing work priorities and stressful conditions.
- Adherence to all personnel policies, procedures, and standards of process as implemented by Watts.
- Maintain productive and collaborative relationships with other Watts employees.
- Adherence to Watts' seven cultural beliefs: Growth Mindset, Customer-Focused Innovation, Constant Communication, Clear Goals, Collaborate Globally, Be Inclusive, and Take Action.
Working ConditionsWhile performing the job duties, you will be working on-site at a manufacturing facility and will perform the majority of your duties in an office environment. You may, at times, be required to be present on the manufacturing floor and will be required to wear the appropriate personal protective equipment. You will be required to work in the office at the Bradley location (Monday - Friday). Your scheduled work hours will be communicated to you by your manager.
Physical Requirements: Specific physical abilities required for this position include, but are not limited to:
- Ability to remain seated at a desk or workstation for extended periods.
- Ability to perform repetitive tasks like typing on a keyboard or using a mouse for extended periods.
- Ability to physically move around the office, organize or transport files, packages, or other office-related materials.
- Ability to read documents, use a computer, and perform data entry tasks.
- Ability to communicate clearly with management and coworkers, particularly in meetings or phone calls.
- Ability to operate standard office equipment such as computers, printers, phones, and copiers.
- Ability to occasionally lift and carry light objects, such as office supplies, documents, or small equipment.
Nothing in this job description restricts Watts' right to assign or reassign duties, responsibilities, and working hours/conditions to this position at any time. This position is "at will," which means that either the employee or Watts may terminate the employment relationship at any time, with or without notice, and for any lawful reason.
#LIHybridWatts in it for you:
Please note that the following benefits apply only to permanent roles and do not apply to internship roles.- Competitive compensation based on your skills, qualifications and experience
- Comprehensive medical and dental coverage, retirement benefits
- Family building benefits, including paid maternity/paternity leave
- 10 paid holidays and Paid Time Off
- Continued professional development opportunities and educational reimbursement
- Additional perks such as fitness reimbursements and employee discount programs
- Learn more about our benefit offerings here: https://tapintowattsbenefits.com/
