Senior Product Manager

IMI plc

We are a global specialist engineering company that creates breakthrough solutions. We are curious and like to solve problems, partnering with our customers to solve the demands of today and prepare for the challenges of tomorrow. We embrace innovation and care about outcomes that are good for business, everyday life and making a better world – creating lasting impact for everyone.

We design, build and service highly engineered products in fluid and motion control applications. We focus on five market sectors: Industrial Automation, Process Automation, Climate Control, Life Science and Fluid Control, and Transport.

Our partnership approach breaks through problems and reduces complexity. We don’t invent in isolation – we collaborate with our customers. We listen closely and we think differently, creating space for diverse minds to innovate. We are working together to make businesses safer, more sustainable and more productive.

As a Senior Product Manager, the person will own responsibility for the full product line P&L as well as have a keen eye for gaps and needs and an innovative mindset for filling them.  This person should be extremely adept in data analytics with a proven ability to effectively manage the full lifecycle of a product, from conception to release to rationalization.  We’re looking for a confident and technical leader who can guide cross-functional teams in the sustainment and creation of products that improve customer experience and achieve profitable growth.

 

Location:  Prefer candidates located in the Chicago or Denver area.  Hybrid schedule/onsite 2 – 3 days per week.  

Approximately 20% travel.

 

Key Duties and Responsibilities

• Drive the P&L performance and customer experience for the assigned product line(s) 
• Drive the execution of all processes in the product lifecycle, including product and market research, competitor analysis, planning, positioning, requirements, roadmap development, and product launch
• Develop and implement the long-term product strategy and roadmap for assigned product line in coordination with the global Industrial Automation team
• Create product strategy documents that describe business cases, high-level use cases, technical requirements, revenue, and ROI
• Translate product strategy into detailed requirements for prototyping and final development by engineering teams
• Analyze market data, VoC and VoS to develop sales strategies, and define product objectives for effective marketing communications and business growth
• Analyze returns, win/loss sales and quoting data relating to the product line to identify opportunities for product offering optimization
• Initiate, maintain and support the execution of product rationalization strategy 
• Collaborate closely with engineering, production, marketing, and sales teams in the development, release of products, and balance resources to ensure success for the entire organization
• Assist Sales in the Go to Market strategies related to Indirect, Direct, and Digital channels
• Monitor & benchmark competitor’s pricing and product / segment strategies (with support of Pricing Director)
• Assist in market mapping and development of verticals growth strategies (market development)
• Develop product positioning strategies, and messaging that differentiates brands across primary market
• Support Growth Hub program initiatives to help create and develop future products with IA PM Director

Expertise Required

Soft Skills Set

• Strategic and critical thinking
• Entrepreneurial mindset applied at the organizational, product, and personal levels
• Comfortable with unknowns and able to adapt to shifts in priorities
• Data driven and can use data to set priorities, create dashboards to monitor product's health, as well as understand and leverage analyses from other teams
• Able to lead workstreams with stakeholders across the organization and with experience working closely with business & marketing partners
• Enjoy working with complex concepts and clearly communicating them with a wide range of audiences to drive alignment and resolution
• Curious, optimistic and a skilled problem-solver

Education and Experience 

• Bachelor’s degree (B.A. or B.S.) from an accredited college or university in engineering, business administration, marketing, or a related field. Advanced degree preferred.
• Minimum of 7 years of previous sales, engineering, or marketing experience.  5+ years of Product Management experience preferred.
• Domain expertise in pneumatic, electric, or motion control components. 5+ years of experience preferred.
• Experience solving problems related to operations, engineering, distribution, and supply chain.
• Proven track record in a metrics-focused environment including weekly and monthly quarterly reporting and analysis.
• Advanced skills in MS Office Suite (Word, Excel, PowerPoint & Outlook)
• This position will have supervisory responsibilities with leading a team up to (4) individuals.
• Ability to travel approximately 20%.

What IMI Can Offer You

At IMI, one of our top priorities is to create an inclusive culture of health. We strive to remove barriers to care (whether that be physical or financial) and in doing so, we offer choice for all your health and wellbeing needs. 

See below for a general overview of our amazing perks and benefits:

• Multiple health plans to choose from: HMO, PPO, and High Deductible Health Plans with a low-cost share
• Best-in-class 401K plan with zero vesting and up to 6% contribution matching
• 14-week maternity leave at full pay following one year of service (Adoption benefits are equivalent)
• 4-week paternity leave at full pay following one year of service (Adoption benefits are equivalent)
• Employee Resource Groups that offer community and support, like our Pride Network and Network of Women groups 
• PTO, encompassing inclusive holidays 
• Career Development opportunities (IMI’s ‘Catalyst’ Program)
• Employer contribution for Health Savings Account, and in many cases free virtual telemedicine, and teletherapy.
• Mental Health and wellness programs to support you and your family
• Full suite of voluntary benefits to tap into, including but not limited to: Critical illness insurance, hospital indemnity, legal insurance, identity theft protection, and pet insurance or home & auto insurance through our discount advantage platform
• Short & long-term disability as well as basic life insurance at 2x your basic salary at no cost to the employee
• Free financial advisors, webinars, and classes through Charles Schwab
• Annual Employee Stock Purchase Plan with option to purchase IMI shares at a reduced employee only price - no opportunity to lose, only to profit or refund your investment 100%

**Benefits plans change year over year, but we have guiding principles in place to ensure our employees have the tools and resources available to stay connected and up to date**

 

Health & Safety

The physical demands described within the Key Duties & Responsibilities section of this job description are required to perform the essential functions of this position.  Reasonable accommodations may be made for individuals with disabilities.  Please contact your local HR representative to discuss the specific Work Conditions and Physical Requirements of this role.  

Health, Safety, and Environmental Duties – At IMI we are all personally committed to protecting our people, minimizing our impact to the environment, the communities we operate in and our company. All members of our workforce have the duty to ensure the health, safety and welfare of themselves, others, and the environment. Every employee is expected to follow all HSE operating procedures, also to challenge any observed behaviors or unsafe acts.

Code of Ethics

IMI requires the highest standard of ethics in all business dealings, particularly with customers, suppliers, advisors, employees, and the authorities. In accordance with the IMI Way: Our Code of Responsible Business.

Changes to This Job Description

IMI may amend this job description in whole or part at any time.

IMI is an equal opportunity employer. Qualified applicants will be considered without regard to age, race, creed, color, national origin, ancestry, marital status, affectional or sexual orientation, gender identity or expression, disability, nationality, sex, or veteran status.

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Last updated on Oct 23, 2024