Product Manager

ITW•Glenview, IL

1d•$90,000 - $115,000

About The Position

ABOUT ITW MEDICAL ITW (NYSE: ITW) is a Fortune 300 global multi-industrial manufacturing leader with revenue of $16.1 billion in 2024. The company’s seven industry-leading segments leverage the unique ITW Business Model to drive solid growth with best-in-class margins and returns in markets where highly innovative, customer-focused solutions are required. ITW’s approximately 45,000 dedicated colleagues around the world thrive in the company’s decentralized and entrepreneurial culture. www.itw.com. ITW BUSINESS MODEL & CULTURE: We have an environment shaped by our decentralized, entrepreneurial culture that brings our exciting ideas to life. Our people thrive in our “flexibility within the framework” approach. We are committed to providing you with growth and development opportunities that maximize your unique potential. Our culture empowers you to think and act like a business owner – we want your entrepreneurial spirit to thrive! Be a part of One ITW/One Team, where everyone’s contribution matters in our quest to achieve our full potential. We live by our Core Values: We focus on the essential core of each business opportunity, fostering simplicity in how we think and execute. We gain strength through trial and error and work as a team through jointly sharing risk. We treat our customers and suppliers with integrity and transparency, and constantly strive to do the right thing. We deeply respect diversity at every level of the company and consequently promote an open environment where innovations can emerge from our various backgrounds and experiences. We trust our team members and are confident that they each work to the highest professional standards and in the company’s best interests. ROLE BACKGROUND/FIT: ITW Medical, a division of ITW, is comprised of two highly respected brands- Coeur and Filtertek, supplying critical filtration, flow control, and fluid management solutions to global Medical OEM’s, serving Surgical, Infusion, Bioprocessing and Diagnostic Imaging end markets. ITW Medical differentiates itself by providing innovative, high quality products with world-class service levels to our key global customers with our global operations. There is a strong purpose and impact behind everything you would do daily potentially impacting patients care, drug delivery, and vaccination around the world. We are looking for a product manager with a passion for healthcare, career advancement to join and accelerate our efforts to serve our customers and improve patient outcomes. This role would report into the Innovation Marketing Manager. Position Summary: Assigned product category leadership providing a strategic view of where ITW Medical is today and how it should grow and improve in the future. Prioritize current and future opportunities for ITW Medical in assigned product category to deliver healthy organic growth and profitability. Situational assessment of end markets for assigned product category. Support sales team by developing strong value propositions, defining and executing Go to Market strategy. Serve as Voice of Customer to the division. Challenge performance and orthodoxies as we progress towards best in class service levels for our key customers. Ownership of margin and profitability goals for assigned products. Conduct value-based pricing analysis, manage product portfolio, capacity and validate proposed market offerings with target customers.

Requirements

Bachelor’s degree in Business, Marketing, Engineering or equivalent degree.
5+ years product management experience with 3 years in a Medical Device OEM or a supplier to a medical device OEM.
Ability to thrive, prioritize and collaborate in a decentralized and entrepreneurial culture.
Driven and motivates others to excel.
Curious to find new opportunities and projects.
Excellent interpersonal and communications skills to simplify complex situations, maintain high levels of professionalism, and work with peers/customers globally
<25% travel; primarily Europe and occasionally global

Nice To Haves

MBA preferred but not required.
Surgical and/or Infusion medical device and/or component experience preferred.

Responsibilities

Drive meaningful Organic Growth through product development strategy support and provide Go-To-Market Strategy leadership.
For assigned projects own and guide cross-functional teams through the NPD Stage Gate Process (ITW Customer-Back Innovation Process), delivering strong business cases, Value Proposition, and associated deliverables.
Formulate research plans and discussion guides, identifying ways to improve infusion therapies, surgical procedures, bioprocessing manufacturing, and diagnostic imaging by partnering with OEMs and clinicians.
Prepare Business Cases for New Products and sustaining initiatives for existing products– including Capex, Market Share, Target customers, MM, ROI, NPV, etc.
For assigned products perform portfolio management activities such as pricing, and product life cycle management.

Benefits

Benefits for this role can be seen by visiting www.itwemployee.com.
In addition, employees can qualify for vacation, sick, and holiday compensation benefits.
Vacation - up to 120 hours within first year
Sick - up to 40 hours of time within first year
Floating Holiday - up to 8 hours of time within first year
Holiday - 10 paid holidays per year, these holidays are selected by the Division
ITW is an equal opportunity employer. We value our colleagues’ unique perspectives, experiences and ideas and create workplaces where everyone can develop their careers and perform to their full potential.
As an equal employment opportunity employer, ITW is committed to equal employment opportunity and fair treatment for employees, beginning with the hiring process and continuing through all aspects of the employment relationship.
All qualified applicants will receive consideration for employment without regard to race, color, sex, gender identity, sexual orientation, religion, national origin, age, disability, protected Veteran status or any other characteristic protected by applicable federal, state, or local laws.
At ITW, we think and act like entrepreneurs. We embrace autonomy, make decisions and take ownership to create innovative solutions for our customers all over the world.
ITW is a Fortune 200 global multi-industrial manufacturing leader. Our seven industry-leading business segments offer career development and learning opportunities in more than 50 countries across the globe. We’re committed to investing in our people and supporting their growth through unique and relevant development opportunities at each stage throughout the employee life cycle. Our decentralized, entrepreneurial culture empowers you to think and act like a business owner. We aspire for everyone to perform to their full potential and value the unique and diverse perspectives, experiences and ideas that make us better together. The ITW Business Model gives us the tools to focus on what’s most important, and we’re grounded in our values of Integrity, Simplicity, Trust, Respect and Shared Risk.