Sr. Manager, Product Management

About the role

The Sr. Product Manager role is responsible for managing the commercial performance of a given product portfolio through its lifecycle. Key responsibilities include curation of the portfolio strategy, new product development & commercialization and financial performance. This position is responsible for the supervision of direct reports including product managers and associate product managers. This position reports to the Director of Product Management. This position is based in Menomonee Falls, WI.

Primary Job Duties And Responsibilities

• Accountable for the development and execution of product portfolio strategy, including value proposition, value delivery model, product roadmaps and product lifecycle (new product development through obsolescence).
• Own end-to-end P&L responsibility for product lines, including monthly financial performance reporting and analysis to management.
• Accountable for maximizing performance of product line(s) as measured via orders / sales growth, profitability and cash-flow generation.
• Responsible for adherence to product line base cost targets to ensure fit with overall global plan while ensuring investments in technology, marketing, etc. are adequate to accomplish product line goals.
• Lead cross-functional teams across engineering, operations, supply chain, marketing, and sales to drive execution of NPD, strategic initiatives, and business plans for the product line.
• Accountable for the development and execution of New Product Development launch (NPD) plans, including but not limited to coordination of internal and external resources, investment budgets, marketing campaigns/ content, and sales plans.
• Responsible for major reviews including Business Plan, Strategy Plan, Annual Operating Plan, and other periodic estimates that are required by the business. Inputs will include financial projections (orders, sales and profitability by product line) and specific commitments for growth from commercial programs and new product development launches.
• Develop pricing and positioning strategies including pricing execution and communication.
• Works with sales and marketing team to develop and refine the product line go to market strategy, ensuring sufficient and effective sales resource and channel partner strategy/management.
• Provide leadership for product line SIOP, partnering with sales on demand planning and ensuring monthly alignment with operations to support market and customer requirements.
• Understand market needs, trends and competitor intelligence for the given Product Line(s). Design, develop, track, and update competitive intelligence and market penetration database. Focal point for global intelligence/ expertise on competition, standards and policy position.
• Create and/or support the creation of training materials and lead training sessions to educate customers and Watts sales personnel on product technical features and benefits – Travel is required to support training activities.

Required Qualifications

• Bachelor’s degree, Engineering/Marketing or related field experience, MBA is a plus.
• 8+ years of relevant Product Management experience, ideally within target markets related to the specific product line, with proven successful track record.
• Proven success in developing and implementing both strategic and financial business plans.
• Proven leadership ability to lead virtual teams and work across a matrix.
• Sales Channel and or Management experience.
• Relevant engineering experience.
• Must have strong influencing skills.
• Excellent presentation and communication skills.
• Outstanding interpersonal skills with an emphasis on building strong team relationships.
• Proactive, creative work style and a self-starter.
• Willingness to travel, as required.
• Strong computer skills (Microsoft Office suite) required.