Product Manager Intern-Onsite OKC, OK
About The Position
This internship is more than an opportunity; it is about preparing and developing the next group of individuals for the next step in their career. The Product Manager Intern is responsible for helping manage product lines, processes, or identifying opportunities in a manner which contributes positively to the company’s bottom line. This position works with the Merchandising team, as well as other departments as needed, to develop comprehensive assortment strategies or process improvements to meet consumer needs. Product Manager Intern responsibilities include but are not limited to maintaining appropriate inventory levels, performing pricing analyses, assisting with product development, and helping with promotional efforts or key initiatives.
Requirements
- Junior/Senior level or recent college graduates required
- Working towards or will soon obtain a Bachelor’s degree in Business Administration, Marketing, or a related field.
- Knowledge of pricing strategies and profit margins required
- Experience working cross functionally
- Advanced to intermediate skills in Microsoft Excel required
- Intermediate skills with other Microsoft Office products.
Nice To Haves
- Prior experience in dealing with financial reporting is preferred, i.e. margin, sales, inventory
- Experience in retail, e-commerce, financial, or the precious metals industry is preferred
Responsibilities
- Develop and manage a strategic business plan for the life cycle of a product line
- Suggest for approval buy and sell prices for new and existing product lines
- Update buy and sell prices on website.
- Verify posted buy prices are in alignment with current market prices and inventory position; ensure buy price provides necessary margins for profit goals and address any margin or other pricing issues that are found
- Search for and research new items to sell.
- Develop and communicate clear concepts and plans to expand a product line
- Provide recommendations to Site Merchandising for email promotions and banners advertisements to use on the company website or app.
- Review inventory out-of-stock reports, inventory depletions, and inventory low stock notices to ensure acceptable inventory levels are maintained; utilize sales and clearance categories to drawn down excess inventory where appropriate
- Review all daily and weekly reports to accurately manage product lines
Benefits
- Free Lunch every day
- Lunch and Learns with our executive team
- 1 on 1 departmental mentorship
- Weekly check-ins
- Free Downtown Parking
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What This Job Offers
Career Level
Intern
Education Level
High school or GED
Number of Employees
101-250 employees
