Director, Product Managment

Graco•Dayton, MN

5d•$125,500 - $219,600•Hybrid

About The Position

The Director of Product Management for the [Division] Division is a key strategic role within the division, responsible for executing the division’s product development and strategy to align with global marketing objectives. This role involves leading teams of managers and individual contributors to plan, develop and maintain a 5-year product roadmap and manage the product lifecycle. This role will also oversee SKU rationalization, portfolio management, technology optimization and collaborate cross-functionally to ensure product success and market competitiveness. This leader must have the ability to see the bigger picture for the organization and correlate the tactical and executional KPI’s to an ROI to reach desired business outcomes.

Requirements

Bachelor’s degree in Business, Marketing, Engineering, or a related field
10+ years of experience in product portfolio management, with a strong track record in strategic planning, product lifecycle management, and marketing execution.
5+ years of team leadership experience preferred.
Strong technical background with the ability to understand and communicate complex technical concepts to a non-technical stakeholder
Strong understanding of product financial metrics and the ability to develop business cases and ROI analysis for new product initiatives.
Proven experience in optimizing technology across verticals.
Demonstrated ability to collaborate with cross-functional teams and manage complex projects.
Excellent communication and presentation skills, with experience reporting to senior leadership.
Strong analytical and problem-solving skills, with a data-driven approach to decision-making.
Ability to travel approximately 20% of the time, domestic or international
Applicants must be legally authorized to work in the United States.
This role is not eligible for immigration sponsorship now or in the future (e.g., H-1B, TN, F-1 OPT).

Nice To Haves

MBA or equivalent advanced degree is preferred.
Global industrial manufacturing experience and knowledge.
Fluid and material management equipment product development knowledge.

Responsibilities

Develop, implement and lead 5-year product roadmaps that are in alignment with the division’s global marketing strategy, and lead a team of product managers to execute upon the strategy.
Define strategic goals, prioritize initiatives, and ensure the roadmap supports overall business objectives.
Lead team efforts in executing Customer Requirements Documentation (CRD) and effectively partner with operations and engineering for product development execution
Manage the product portfolio to ensure it meets market needs and supports the division’s strategic goals.
Strategically optimize technology across different verticals and applications to enhance product functionality and customer value.
Oversee SKU rationalization to streamline the product portfolio and maximize profitability.
Lead the efforts to conduct comprehensive technical market research to understand customer needs, industry trends, and competitive dynamics.
Use research insights to inform product strategies, optimize marketing efforts, and maintain a competitive edge.
Continuously optimize products based on performance metrics, customer feedback, and market trends.
Prepare and present detailed reports on product performance to the VP of Global Marketing and other senior leaders.
Provide actionable recommendations based on performance data to guide strategic decisions.
Monitor and report overall product and portfolio performance and KPIs in accordance with strategic product roadmaps.
Engage with key stakeholders, including marketing, sales, engineering, and customer support, to gather insights, address challenges, and drive cross-functional collaboration in the development and execution of the product roadmap.
Facilitate coordination between teams to support product development and execution.
Lead, mentor, manage, and staff a team of product management leaders and individual contributors, ensuring alignment with organizational goals and promoting a culture of excellence.
Drive team performance by setting clear goals, providing ongoing feedback, and facilitating professional growth opportunities.
Establish, manage, and be accountable for the annual product management budget, ensuring effective allocation of resources and alignment with organizational strategic objectives.