Senior Product Manager - Safes

Fortune Brands • Deerfield, IL

1d • $105,000 - $145,000 • Hybrid

About The Position

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).

Requirements

• 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.
• 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%).

Nice To Haves

• Experience driving eCommerce and omnichannel marketing is highly desirable.
• Experience with connected products/IoT is a plus.

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.

Benefits

• 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.
• 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.

What This Job Offers

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