Junior Product Manager

at  Samsung Electronics

Position Summary
Samsung is an outstanding place to work full of endless opportunities, exceptional people and an excellent environment. Reporting to the Senior Product Manager for Cooking, this role will be responsible for supporting the Senior Product Manager in the creation and detailed execution of the category strategy, contributing to the overall UK Home Appliance strategy. The role will also involve working with the Senior Product Manager to take accountability for the P&L of the Cooking category and ownership of the budget ensuring profitable growth.
Role and Responsibilities
Your Key Responsibilities:

Product Strategy

• Work with UK HQ, Korean HQ & EU HQ to ensure products are set up with all key UK channel partners in a timely manner ahead of launch.
• Regularly review the cooking category strategy and support with the delivery of this.
• Set the £RRP and invoice pricing of products to ensure the product range is competitive for the target market.
• Analyse weekly sell-out figures to measure performance, identify key trends & ensure performance of the category is delivered, suggesting actions required.
• Analysis of external data such as GFK to measure performance, identify key trends & ensure performance of the category is delivered, suggesting actions required.
• Provide information to ensure correct product channelisation, product lifecycle management and investment decisions for the Cooking business.

Market Strategy

• Work with the Channel Marketing and Brand teams to ensure that the product strategy is correctly communicated.
• Work with the Brand teams to set the direction for segmentation of Cooking products in the UK.
• Support the Senior Product Manager in developing the quarterly promotional plan & financial simulation for the Cooking category, ensuring achievement of key targets and timely approval.
• Review and suggest reactions to competitor strategy, communicating insights and actions to UK, EU and Korean HQ.
• Support with product category sign off on all marketing & training assets produced.

P&L Accountability

• Support the Senior Product Manager to deliver the category monthly margin, revenue and stock targets.
• Work with the wider UK Home Appliance business units to conduct return on investment analysis on business opportunities in a timely manner to ensure correct actions are taken.
• Support with financial modelling & provide scenarios that will help the Senior Product Manager in decision making.
• Support with monthly & yearly budget planning cycles ensure they are correctly loaded into systems.

Forecasting & Stock Management

• Work with the Senior Product Manager to input weekly forecast into the global supply chain systems.
• Work with demand planning teams to ensure factory teams have correct levels of product supply to meet targets
• Work with the commercial sales team to ensure that any variation to plans are handled and communicated.
• Support the Senior Product Manager to ensure that any aged or surplus stocks have clear action plans to resolve issues quickly & proactively.

Launch Management

• Contribute to the development of the launch plan for new products within Cooking portfolio.
• Take ownership and co-ordinate key team members with the launch to ensure overall delivery of the launch strategy.
• Find new and innovative solutions to deal with any challenges with launch process and creatively overcome long-term challenges and short-term problems.

Skills and Qualifications
What we need for this role

To be successful, you will possess the following skills and attributes:

• Excellent verbal, written and presentation abilities (comfortable presenting at all levels)
• High level of commercial competence
• Experience of handling large quantities of data to make complicated decisions – intermediate excel skills required
• Creative thinking - find a way forward when barriers appear
• Self-motivator and self-starter
• Excellent attention to detail
• Well-developed creative problem solving skills
• Flexible & adaptable with ability to work in cross functional teams
• Work quickly with accuracy, in a changing environment across multiple projects
• Make decisions with full understanding of impacts and wider business trade offs
• Strong and flexible interpersonal and communication skills when interacting with colleagues of different nationalities and culture
• Tenacity and resilience in a fast paced and demanding environment

What does success look like?

Success in the first 6 months will look like:

• Gain a full understanding of the UK Cooking Strategy & products in the range
• Understanding & competent in the use of key Samsung processes and systems
• Strong relationships built within the product management team and wider Home Appliance teams
• Understand how you can support the business in achievement of its objectives for the category
• Driving the implementation of key launches, promotional planning & forecasting.

Success will be measured by:

• Overall support offered in the achieve of the category metrics, including;
• Meeting quarterly and yearly targets for Volume, Revenue, Profit, Net Dealer Price
• Category Mix performance
• Accuracy of commercial forecasts alongside Quality and reliability of reporting

Benefits of working at Samsung include

• Hybrid working – 3 days in the office and 2 days at home per week
• Bonus scheme linked to individual, team and company performance
• Pension contribution
• Three volunteering days each year
• Holiday - 25 days plus bank holidays and an additional day off for your birthday
• Access to discounts on a wide range of Samsung products
• Access to a discount shopping portal
• Partner Colleagues are not eligible for certain types of statutory leave such as Samsung Family Leave or Sick Leave policies but may be eligible for statutory payments via their agency

A note on equal opportunities
We are an equal-opportunity employer and value diversity at our Company. We do not discriminate on the basis of race, religion, colour, national origin, gender, sexual orientation, age, marital status or disability status. We will ensure that individuals with disabilities are provided reasonable accommodation to participate in the job application or interview process, to perform essential job functions, and to receive other benefits and privileges of employment. Please contact us to request accommodation.

• Support the Senior Product Manager to deliver the category monthly margin, revenue and stock targets.
• Work with the wider UK Home Appliance business units to conduct return on investment analysis on business opportunities in a timely manner to ensure correct actions are taken.
• Support with financial modelling & provide scenarios that will help the Senior Product Manager in decision making.
• Support with monthly & yearly budget planning cycles ensure they are correctly loaded into systems