Product Manager

Vontier • Stow, OH

3d • Hybrid

About The Position

The Product Manager for Matco Tools is responsible for developing new products and improving existing products, including the financial, engineering, purchasing, and manufacturing aspects involved in planning, market introduction, commercialization, and product maintenance. The role is also accountable for revenue, profit margin, and key operational targets. This is a hybrid position based in Stow, Ohio, with onsite work expected Tuesday through Thursday.

The Product Manager develops and executes multi-year product segment strategies and plans, creates new-product and annual marketing plans, and manages product development in coordination with Engineering, Operations, Marketing, Sales, Finance, and Manufacturing. The position maintains market and competitive knowledge, establishes pricing, supports forecasting, measures product-line performance, and contributes to customer-facing activities, testing, benchmarking, and product training.

Requirements

• Bachelor's degree and 3–5 years of professional marketing or product management experience.
• History of driving results through vision and purpose, using a self-developed strategic product-line plan and detailed market segmentation.
• Demonstrated contribution to above-market product-line performance using commercialization tactics through a complex distribution network and direct sales force.
• Planning, organization, and process-management skills to complete multi-year projects involving engineering and manufacturing, marketing communications, and vendors according to approved product introduction dates.
• Experience managing product lines greater than $100 million, with strong financial skills.
• Ability to communicate and present critical information to employees and customers at all levels.
• Organizational agility, interpersonal skills, and political savvy to gain cooperation from departments that do not report directly to the position.

Nice To Haves

• Mobile automotive aftermarket industry experience.
• Sales experience.

Responsibilities

• Develop and execute a 3–5-year product segment strategy and plan covering new product development, price and margin realization, sales, margin and expense forecasts, line pruning, cost reduction, and other QDCI issues.
• Develop and execute new product plans in support of target market segment plans, including specifications, inventory requirements, three years of unit sales, pricing, capital expenditures, introduction schedules, return on investment, competitive comparisons, and marketing and positioning strategies.
• Develop and execute the annual marketing plan in cooperation with the Marketing Communications Manager and Program Manager.
• Maintain current knowledge of market trends, technologies, competitors, customers, market size, distribution channels, product-line market share, industry trade associations, and required product certifications.
• Manage new and existing product development across assigned product lines in cooperation with Engineering and Operations.
• Establish market prices for assigned products and consult with channel managers, Sales, Finance, and Manufacturing on effective and profitable pricing.
• Liaise between Sales and Inventory Management to develop PSI forecasts and financial forecasts for assigned product lines.
• Measure assigned product-line performance against the market by establishing proxies and data collection and analysis processes.
• Serve as a resource to Sales during field visits and customer meetings.
• Determine product development criteria and incorporate customer input into new product development and product improvements.
• Obtain technical opinions and estimates of product development time and costs, and coordinate development activities.
• Recommend criteria for testing new products, review test results, and recommend changes to testing or products as needed.
• Conduct competitive benchmarking and provide relevant analysis to the organization.
• Ensure product training for internal and external customers aligns with product segment objectives and positioning.

Benefits

• Medical, dental, vision, disability, and life insurance.
• Family-planning support through Maven Clinic, diabetes-management support through Livongo, women's health coverage, and adult and elder care support.
• Paid parental leave.
• 401(k) plan with matching company contributions; a separate defined contribution after one year of service is also listed.
• Paid time off of up to 120 hours, 13 paid holidays including three floating holidays, and paid sick leave.
• Annual bonuses or incentives, depending on position.
• Immediate company benefits.
• Onsite walking path and gym equipment.
• Food trucks onsite during the summer.
• Employee discounts, including discounts on tools.
• 15 days of vacation, four floating holidays, and eight paid holidays, as listed in the benefits section.
• Tuition reimbursement.
• Student loan payment assistance.
• Hybrid work environment with two remote days.
• Annual paid Day of Caring for employees to volunteer.
• Annual team-building events.

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level