Director – Product Management

Scope of leadership role

The North America Motors & Drives division, a$1B global business, with 6,000 associates within the Power and Efficiency Solutions (PES) Segment of Regal Rexnord, is seeking a Director of Product Management for our Motors Business Unit. This is a critical role in creating and driving a growth-focused product strategy.

Reporting to the SVP and GM of the Motors and Drives division, this role will have responsibility for the development and execution of product line roadmaps that enable sustainable differentiation for the business while ensuring a balanced portfolio of investments in core products through the identification of new product development in top 20% of customers or markets. This position requires closecollaboration with cross-functional product development teams, sales teams, marketingcommunications teams, finance teams,and business leadership. S/he will be responsible for driving activities and decisions focused on maintaininga high level of customer satisfaction and growing market share through innovation with purpose.

In addition, this role is responsible for developing a team of product managers and specialists who thrive in a dynamic, fast-paced environment and aredriven to excel and perform at their highest potential. This leader will emphasize and leverage talent assessment and development, application of the RBS 80/20 framework, and a strong cultural awareness to drive transformation within the division. 

Key Responsibilities 

Product Management

• Manage the entire life cycle of the Motor product lines within the division, from strategic planning and product definition to tactical launch activities, share growth, and end-of-life management.

• Run the Motors product families as a profit and loss (P&L) statement, with accountability for growth and margin attainment.

• Assesses market competition by comparing the company's product to competitors' products, and executes countermeasures where appropriate. 

• Coordinate and lead the ongoing Innovation and VOC exercises. Combine this information with a business case analysis to define business requirements and the product's value proposition.

• Develop and implement cohesive short- and long-term product line roadmaps for Motors platforms.

• Operate as the internal voice of our customers across development teams (primarily Engineering, Sales, and Marketing) through an understanding of market requirements, product definition, training, and launch activities.

• Brings new products to market by analyzing proposed product requirements and product development programs; developing quantifiable and sustainable value propositions from the customers' perspective vs. the next best alternative; preparing return-on-investment analyses; establishing time schedules with engineering, sales, marketing, and manufacturing.

• Develops product pricing strategies and manages the team to drive maximum profit and sales.

• Develop core messaging and positioning for all Motorsproducts within the business based on the established value proposition.

• Drive the Regal Rexnord Business System, which includes 80/20 and Continuous Improvement in all aspects of product managementand decision making.

• Recommends the nature and scope of present and future product lines by reviewing product specifications and requirements and appraising new product ideas and/or product or packaging changes.

• Develops controls and reviews KPIs in reference to planned objectives.

Talent Management

• Lead and mentor multiple direct reports to be responsible forgrowth, voice of customer, innovation, and product line simplification.

• Develop a high-performance team by engaging, coaching, and developing team members on application information, product initiatives, and the RBS 80/20 framework. Drives accountability and ownership at all levels.

• Maintains professional and technical knowledge by attending educational workshops, reviewing professional publications, establishing personal networks, and participating in professional societies.

PROFESSIONAL EXPERIENCE/QUALIFICATIONS

Minimum Requirements:

• Bachelor's degree from an Accredited University required.

• Minimum 8 years of commercial, product or marketing experience with highly engineered products in a complex B2B industrial manufacturing enterprise required.

• 2+ years leadership experiencewith increasing responsibility.

• Proficiency with MS Office (Excel / Word / PowerPoint) and CRM (i.e., SalesForce.com or Microsoft Dynamics)

• Must have the ability to digest commercial transaction data to manage the product families and identify trends/issues (i.e.,Power BI)

• Capable of both strategic thinking and tactical execution. High Passion for technology, innovation, and customer engagement

• Must be able to travel at least 30% of the time domestically and internationally as required.

• Demonstrates the Regal Rexnord Values: Integrity, Responsibility, Diversity, Engagement & Inclusion, Customer Success, Innovation with Purpose, Continuous Improvement, Performance,Passion to Win, and Sense of Urgency

• Relevant industry experience, typically Food & Beverage, Materials Handling/Conveying, and/or Industrial Equipment spaces

Preferred Qualifications

• Advanced degree (MS Engineering, MBA,etc.)

• Experience in Agile Product Management teams

• Experience with NPD stage gate and/or portfolio management systems/software

• Hands-on experience with the 80/20 process and product line simplification

Candidates must be eligible to work in the United States without requiring company sponsorship to obtain or keep U.S. work authorization.