Product Development Manager

Role Responsibilities:

• Lead the development and launch of new aftermarket products to drive sales growth, margin expansion, and increased market share by identifying market opportunities and trends for our global business
• Gather market trends and information by working with customers
• Develop and qualify new products through close collaboration with engineering R&D teams
• Execute all strategic marketing and sales strategies across business segments with internal and external stakeholders

Role Purpose:

• Lead product development efforts from product ideation to launch to ensure the service / aftermarket teams have a pipeline of highly competitive products to introduce to customers
• Analyze competitor strategies , products, technologies, profitability trends, strengths and weaknesses, and make recommendations with appropriate risk / opportunity analysis. Build financial models to justify business opportunities
• Drive analysis and plans for new product and services development including collaboration with customers and regional service teams for new programs, products and aftermarket parts offers
• Develop product requirements and specifications with engineering and service/sales teams
• Develop product go-to-market strategies and communications, including supporting materials required for new products including selection programs, literature, new product messaging, PR, etc.
• Product pricing
• Provide regular updates and insights to senior management on progress of development
• Promote quality and customer satisfaction in all activities relating to the launch of the new products and related services

Minimum Requirements:

• Bachelor’s degree in Electrical / Mechanical Engineering
• Minimum 5 years of experience in New Product Development / Management or similar fields
• Experience in product development and quality or technical review board will be a plus
• Good analytical skills applicable to both engineering and commercial domains
• Ability to work with cross function and regional teams
• Resourceful, result oriented and able to drive root cause analysis to solve problems
• Strong team player with good interpersonal skills and positive mindset