IDEX Product Manager in Denver, Colorado
Title: Product Manager
Business Unit: Band-It
4799 Dahlia St.
Denver, Colorado, 80216
Band-It, a Unit of IDEX Corporation, is the leading global manufacturer of fastening solutions. Band-It has created a global product development environment through strategic growth initiatives as part of the. Our formula for success is based on our ability to develop the right solutions for our customers with superior quality.
IDEX corporation is the world leader in fluid-handling technologies, life science and medical technologies, industrial and municipal fire and rescue equipment, and, dispensing equipment for architectural paints and coatings. IDEX expertise is in products that facilitate customer specific solutions in niche markets. We are focused on growth by reinvesting in new products and markets to drive organic growth, acquiring complementary technologies to our existing offerings, and building a culture of excellence to deliver exceptional performance. To that end, the Company has placed an emphasis on operational excellence, supported by Six Sigma, Kaizen, Lean Manufacturing, eBusiness and global sourcing initiatives, to drive its long-term profitable growth.
SUMMARY OF PRIMARY FUNCTION
The Product Manager position will be responsible for products in Heritage Business Line, which offers a complete range of fastening solutions to different applications. This hands-on position is located in Denver, CO and will be reporting to the Business Line Director. The position will be a key input to the business’ overall direction of its products and markets served, is responsible for product planning and execution throughout the product lifecycle, including gathering and prioritizing product and customer requirements, defining the product vision, sizing market potential and working closely with engineering, sales, marketing communications and support to ensure revenue, profitability and customer satisfaction targets are met. The Product Marketing Manager’s plans will assist in generating increased profit, market share gain and overall customer satisfaction for the company. The SPM will champion and implement all new product and market strategies, whilst determining the most effective and successful approach to growing the existing portfolio.
As Product Manager, your primary focus will be on providing the business the key information and guidance as it relates to the 4-P’s. This person will be a major and critical influence on the overall direction of the business. Therefore, Band-It is seeking a champion, with a winning spirit, that can provide evidence that they grasp and can excel in the following areas:
Development of product lines and ability to exit rationalized models - traditional product management competency (Formulate, execute, and maintain product line strategies, product plans, and product roadmaps based on market insight)
Strategic direction setting - Product/Segment road mapping
Competitive benchmarking and market share/trend analysis pricing and promotion. Develop market insight through voice of customer research, in-depth competitive analysis, and market segmentation
Market awareness and penetration
Key customer development and channel management
Performance metrics creation and execution
Manage product line revenue, margin, pricing, and investment
Commercial process improvements acting as a persistent catalyst for change
Drives 8020\complexity reduction across the product lines including product rationalizationto optimize offering and complexity and manage the product life cycle
Drives margin expansion for the Product Line by working with Operations\Supply Chain to drive cost reductions (PPV), Engineering to drive VA\VE projects and Commercial team on pricing
Full understanding and successful execution of a staged NPD Process in a manufacturing environment
Drives the product innovation process.
Works closely with Engineering Manager to identify root causes to product issues and resolve
180 DAY OBJECTIVES
It is critical for the individual hired to come into this role enthusiastic and ready to work, with clear objectives laid before them. In the first 6-months, the expectation for this candidate will be as follows:
Learn the business’ products, customers, and competition
Establish key product roadmaps and refinement of the lines for a 1, 3, and 5- year horizon
Project management leadership in all new product development cross functional teams
Key driver in commercial process improvements
Be a critical input to research, ideas, and compilation of the annual strategic planning process
Absorb day-to-day activities as it relates to the products, price and promotion
Complete 80/20 analysis and make recommendation for optimization
EXPERIENCE, EDUCATION LEVEL, SPECIALIZED KNOWLEDGE, TRAINING, LICENSES AND/OR CERTIFICATIONS
Bachelor’s degree in related area. MBA or MS preferred.
5+ years marketing experience, with at least four of those years in product marketing management with increasing responsibility in a manufacturing or industrial environment.
Strong experience on new product development and product management
Understand channel management
Technical understanding of equipment
Experience working with competitive pricing, promotions and service parts. Pricing analysis/models.
International experience will be considered a plus, more specifically business experience in Latin American markets
Working knowledge of Excel, Word, PowerPoint, and Access required
Integrated system product background ideal
The ideal candidate will be results-driven with a long track record of successful execution of plans and growing responsibilities in a top company(ies). This person must have the ability to understand a larger vision, and break it down into strategic product plans to better serve and grow our markets and our customer base. Candidate must be a self-starter with strong interpersonal skills and tremendous strength in team-building and leading cross-functional product development teams. Customer intimacy is first and foremost, so the individual must possess confident business and clear communication skills.
Ability to work in a technical environment a plus
Manage and lead cross-functional teams (particularly technical staff)
Ability to think and plan strategically
Understanding of global scalability
Mentor subordinates and assist in the development and promotion of their career advancement
Drive for Results.
Solid Problem Solving methodology and demonstrated skill
Integrity and Trust
Strong communication/presentation skills
Not seeking agency background
Band-It offers a dynamic and challenging work environment and a competitive compensations/benefits package. If you have the skills and background we are seeking, we welcome your application.
This statement affirms the continuing IDEX Corporation Policy on non-discrimination in employment and treatment during employment with regard to race, color, religion, sex, age, disability, national origin, ancestry, marital status, parental status, veteran’s status, or any other non-job related characteristic or criteria protected by law.
BAND-IT IS AN EQUAL OPPORTUNITY EMPLOYER COMMITTED TO WORKFORCE DIVERSITY
IDEX is an equal opportunity employer Minorities/Females/Protected Veterans/Disabled