Full-Time

Sr Product Manager

Posted on 12/17/2024

Fortune Brands

Fortune Brands

51-200 employees

Provides water, outdoor, and security solutions

Industrial & Manufacturing
Consumer Goods

Senior

Highland Park, IL, USA + 1 more

More locations: Greendale, WI, USA

Hybrid position requiring in-office presence at least 3 days per week in Oak Creek, WI or Deerfield, IL.

Category
Product Management
Product
Required Skills
Market Research
Sales
Product Management
Financial analysis
Marketing
Data Analysis
Requirements
  • 7+ years of in product management, marketing, or engineering, preferably in a manufacturing and/or consumer durables setting
  • Practical knowledge and experience with the new product development process
  • Ability to interpret and leverage insights from pro forma and other financial analysis tools
  • Excellent written, verbal, and interpersonal skills including ability to speak and present for groups of all sizes
  • Well-versed in Microsoft Office Suite (Outlook, Excel, PowerPoint, etc.)
  • Bachelor's Degree in Business Administration or Engineering OR Master's Degree in Business Administration
  • Experience driving eCommerce and omnichannel marketing
  • Experience with connected products/IoT products
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 new product development objectives, strategies, and timelines to maximize market share growth and profitability
  • Drive category captain leadership with external customers by leveraging analytics and/or 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 and pricing strategy to manage profitability in line with business objectives
  • Collaborate with Brand, Channel Marketing, Digital, and Commercialization teams to support the 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 including occasional travel to key accounts and end users.
  • Respond to daily customer and field sales inquiries, requests, and concerns.
  • Develop a library and database of relevant markets, competitors, and complimentary offerings to identify and assess potential acquisitions or market expansions

Fortune Brands Innovations operates in the water, outdoors, and security sectors, providing products that enhance living spaces and ensure safety. The company offers a range of branded products, including water solutions, outdoor products, and security systems, which are sold through retail stores, online platforms, and direct sales to commercial builders. Their business model emphasizes brand leadership and continuous innovation, allowing them to adapt to changing market demands and maintain a competitive edge. Unlike many competitors, Fortune Brands focuses on expanding its distribution channels to reach a wider audience. The company's goal is to capitalize on growth opportunities in the home improvement and commercial building markets, ensuring long-term performance and success.

Company Stage

IPO

Total Funding

N/A

Headquarters

Deerfield, Illinois

Founded

2012

Simplify Jobs

Simplify's Take

What believers are saying

  • Growing demand for smart home security boosts FBIN's innovation in security solutions.
  • Partnership with Value Hybrid enhances workplace safety and opens digital safety markets.
  • Focus on sustainability aligns with consumer preferences, boosting brand loyalty.

What critics are saying

  • Increased competition from companies like Yale may impact FBIN's smart lock market share.
  • Challenges in digital LOTO adoption could hinder the partnership with Value Hybrid.
  • Community initiatives like bike lock donations may not drive significant business growth.

What makes Fortune Brands unique

  • Fortune Brands leverages the Fortune Brands Advantage for market adaptability and performance.
  • The company focuses on brand leadership and innovation in water, outdoors, and security.
  • FBIN's strategic channel management expands its reach to diverse customer segments.

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