Director of Product Management

Director of Product Management

Job Locations US-IL-Sycamore

ID 2024-5817

of Openings

Type

Regular Full-Time

Shift

Day Admin

Overview

IDEAL INDUSTRIES, INC. has built a reputation for over a century by crafting iconic tools and practical technology required in aerospace, data communications, electrical, wire processing and construction. The global family of IDEAL brands includes IDEAL Electrical, Anderson Power, and Enatel.

A vibrant and dynamic company, IDEAL is best known for our wire connectors, the gold standard for making electrical connections around the world. Nearly every commercial jet is assembled using IDEAL wire strippers and, as part of the critical equipment on NASA missions, our tools even help NASA astronauts fly to the moon. Most important, our products benefit skilled tradespeople, who reach for IDEAL tools every day.

IDEAL is propelled by the concept of Building an IDEAL World. Our family-run business is committed to building ideal relationships with customers, employees, and communities by crafting some of our industry's most innovative and trusted tools.

The Director of Product Management has a strategic role in the IDEAL Electrical Leadership team. This individual will lead the team of Product Managers and End User Experience Managers to expand our understanding and position of IDEAL in the marketplace. He / She / They will work cross-functionally with Engineering, Channel, Marketing, Sales, and Operations to ensure our products provide differentiated value to our end users and solve their most pressing needs. The team of Product Managers that he / she leads will be subject matter experts responsible for product lifecycle management, tracking changes in market share on an annual basis, and working with our Channel and Sales team to deliver on our annual plan.

Responsibilities

RESPONSIBILITIES INCLUDE :

Product Management :

Lead all product lifecycle initiatives from ideation through commercialization and discontinuation

• Develop and execute product portfolio strategy for the business to achieve growth goals
• Oversee market and competitor research and analyze data to inform the product strategy.
• Lead the Product Management team, focusing on coaching for performance, conducting regular one on one(s), and hiring activities as needed.
• Collaborate with global IDEAL businesses to ensure strategic alignment.
• Ensure the team he / she leads is the subject matter expert in the competitive landscape (including the analysis and comparison of pricing, product features, performance, applications, and innovation) and develop strategies to differentiate IDEAL in the marketplace.
• Oversee market sizing and forecasting to continually improve internal knowledge and support better decision making
• Identify target audiences and value propositions for portfolio of products and align with marketing initiatives and communications
• Drive annual marketing plan and budget development to support product strategy partnering with marketing ops and digital marketing teams
• Work with Sales and IDEAL Electrical Leadership team to set and meet annual sales objectives.
• Work with the Channel Marketing team to develop and implement IDEAL Electric pricing strategies for all channels, reduce complexity and ensure proper execution.
• Track performance against established targets and develop timely corrective actions for items not meeting expectations.
• Support Channel and Sales leaders with Product Line Reviews (PLRs), and sales / customer training opportunities as needed.

New Product Development :

Leadership :

Promote a culture of continuous improvement, promoting a work environment that fosters creative thinking, innovation and rational risk-taking.

Qualifications

CANDIDATE REQUIREMENTS :

The expected annual salary for this position is between $140,513.00 and $189,345.00 and will be eligible for incentive pay. This range represents a good faith estimate for the position and actual compensation will be based on numerous factors including knowledge, location, skills, training and experience.

IDEAL employees enjoy a wide range of valuable benefits including :

IDEAL values rest, personal time and community involvement facilitating these through several paid time off programs including :

IDEAL INDUSTRIES, INC. is proud to be one of Newsweek's Global Top 100 Most Loved Workplaces and an Equal Opportunity Employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, national origin, disability, or protected veteran status. We know when you honor relationships, success for all will follow. To learn more about us, visit www.idealindustries.com

Please review IDEAL Industries' Privacy Notices IDEAL - Applicant and Candidate Privacy CA Notice. By continuing, you acknowledge reviewing and understanding these notices.

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Salary : $140,513 - $189,345