Senior Product Manager - Safes at Fortune Brands

Deerfield, Illinois, United States -

Full Time

Start Date

Immediate

Expiry Date

04 Jun, 26

Salary

145000.0

Posted On

06 Mar, 26

Experience

5 year(s) or above

Remote Job

Yes

Telecommute

Yes

Sponsor Visa

Skills

Product Management, Strategic Planning, New Product Development, Stage-Gate Process, Market Share Growth, Profitability Analysis, Category Captain Leadership, P&L Management, Product Lifecycle Management, Market Research, Pricing Strategy, Sales Asset Development, Customer VOC, Segmentation Studies, Concept Testing, Field Trials

Industry

Manufacturing

Description

Company Description Fortune Brands Innovations, Inc. is an industry-leading home, security and digital products company. We’re focused on exciting opportunities within the home, security and commercial building markets. Our driving purpose is to elevate every life by transforming spaces into havens. We believe our work and our brands can have incredibly positive impacts for not just our business and shareholders, but for people and the planet, too. At Fortune Brands, we’re building something big. We’re advancing exciting innovations in all of our products and processes. We’re delivering trust, dependability, sustainability, and style. To make it all happen, we’ve transformed our workplace into an environment where smart, ambitious people have the support to reach their fullest potential. When you join Fortune Brands, you become part of a high-performing team empowered to think big, learn fast and make bold decisions. We support an inclusive culture where everyone is encouraged be their authentic selves, and where our differences and unique perspectives are a key strength. Explore life at Fortune Brands here. Job Description Fortune Brands is hiring a Senior Product Manager - Retail (Safes) to support our leading Security brands like Master Lock and SentrySafe. The Sr. Product Manager - Retail (Safes) is the champion for assigned product categories and plays a pivotal role managing the Safe portfolio as a business. The ability to create and execute successful strategies, build narratives around those strategies, and influence multiple stakeholders internally and externally are necessary for success in this role. POSITION LOCATION: This position is eligible for a hybrid schedule with all work performed in Deerfield IL where the candidate will be expected to be on-site 3 days per week (Tuesday, Wednesday, Thursday). DUTIES & RESPONSIBILITIES: Develop long range strategic plans with annual updates for product, channel, process, and business opportunities. Focus needs to be on leveraging existing and creating new protected value. Plan and manage new product development projects through the entirety of a stage-gate process. Develop NPD objectives, strategies, and timelines to maximize market share growth and profitability. Drive category captain leadership with external customers by leveraging analytics/insights for our markets, end users and channels. Collaborate with sales, finance, and revenue growth management teams to execute product line reviews and assortment updates. Deliver on P&L targets for assigned product categories. Manage the full lifecycle for the assigned portfolio from NPD through obsolescence and inventory disposition. Leverage and drive market research and consumer understanding to identify new product opportunities, willingness to pay, positioning, purchase triggers, and decision making. Market research spans qualitative and quantitative from customer VOC to segmentation studies to concept testing and field trials. Plan product line pricing, pricing strategy and manage profitability in line with business objectives. Collaborate with Brand, Channel Marketing, Digital and Commercialization teams to support development of sales assets, public relations campaigns, and advertising activities. Train internal and external customers on products, marketing programs and business developments. Communicate regularly with field sales associates with occasional travel to key accounts and end users. Respond to daily customer and field sales inquiries, requests, and concerns. Develop library and database of relevant markets and competitors and complimentary offerings, identify and assess potential acquisitions or market expansions. Qualifications A bachelor’s degree in business or engineering is required. An MBA is highly desirable. Practical knowledge and experience with the new product development process. Experience driving eCommerce and omnichannel marketing is highly desirable. Experience with connected products/IoT is a plus. Minimum of 7 years of relevant experience in product management, marketing, or engineering, preferably in a manufacturing and/or consumer durables setting. Ability to interpret and leverage insights from pro forma and other financial analysis tools is required. Should have excellent written, verbal, interpersonal, presentation and MS Office suite skills. Occasional travel required (up to 15%). Additional Information ADDITIONAL INFORMATION: Fortune Brands believes in fair and equitable pay. A reasonable estimate of the base salary range for this role is Hiring Pay Range: $105,000 USD - $145,000 USD. Please note that actual salaries may vary within the range, or be above or below the range, based on factors including, but not limited to, education, training, experience, professional achievement, business need, and location. In addition to base salary, employees will participate in either an annual bonus plan based on company and individual performance, or a role-based sales incentive plan. At Fortune Brands, we support the overall health and wellness of our associates by offering comprehensive, competitive benefits that prioritize all aspects of wellbeing and provide flexibility for our teammates’ unique needs. This includes robust health plans, a market-leading 401(k) program with a company contribution, product discounts, flexible time off benefits, adoption benefits, and more. We offer numerous ERGs (Employee Resource Groups) to foster a sense of belonging for all associates. Fortune Brands is built on industry-leading brands and innovation within the high-growth categories of water, outdoors and security. The Company makes innovative products for residential and commercial environments, with a growing focus on digital solutions and products that add luxury, contribute to safety and enhance sustainability. To learn more, visit our website at fbin.com. Equal Employment Opportunity Fortune Brands is an equal opportunity employer. Fortune Brands evaluates qualified applicants without regard to race, color, religion, sex, gender identity or expression, national origin, ancestry, age, disability/handicap status, marital status, protected veteran status, sexual orientation, genetic history or information, or any other legally protected characteristic. Reasonable Accommodations Fortune Brands is committed to working with and providing reasonable accommodations to individuals with disabilities. If, because of a medical condition or disability, you need a reasonable accommodation for any part of the application or interview process, please contact us at [email protected] and let us know the nature of your request along with your contact information. Important Notice: Protect Yourself from Fraudulent Job Postings To protect yourself from fraudulent job postings or recruitment scams, please note that Fortune Brands job postings are exclusively hosted on our website at fbin.com/careers via our SmartRecruiters platform. Fortune Brands will never request banking information or sensitive personal details until an offer of employment has been accepted and the onboarding process begins. Department: Management

Responsibilities

The Senior Product Manager will champion assigned product categories, managing the Safe portfolio as a business by developing long-range strategic plans and overseeing new product development projects through the stage-gate process. This role involves driving category leadership with external customers using insights and delivering on Profit and Loss targets for assigned product categories.