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For Companies At a Glance
- Tasks: Lead product development and manage the roadmap for innovative consumer solutions.
- Company: Join a dynamic design and manufacturing business with a collaborative culture.
- Benefits: Enjoy flexible hours, hybrid working, and a month-long sabbatical after five years.
- Why this job: Make an impact in a growing company while developing your career in product management.
- Qualifications: 3+ years of product management experience, preferably in consumer appliances or electronics.
- Other info: Free Food Fridays and team bonding activities in a beautiful location near the historic town centre.
The predicted salary is between 34000 - 46000 £ per year.
Elevation Recruitment are collaborating with a global industrial manufacturer.
In this Product Manager role you won’t be expected to sell a pre-existing portfolio but to tap into potential markets to grow out a new portfolio. You will drive product sales by using strong leadership, technical knowledge, and business acumen. This involves analysing market trends, understanding customer needs, assessing competitors, and creating effective product roadmaps and pricing strategies to boost revenue and margin growth in existing and newly created products.
The role will interface regularly with R&D, engineering, sales, supply chain, finance and operations.
Responsibilities
- Explore and open new markets to expand business opportunities.
- Develop product strategy and optimise the product portfolio, including planning and project prioritisation.
- Oversee the development of actionable product roadmaps by integrating inputs from cross-functional stakeholders in line with business objectives and product strategy.
- Manage product positioning in the marketplace, including rationalising pricing strategy based on market conditions.
- Own the pricing strategy throughout the product lifecycle.
- Own the balanced scorecard for the product line, driving the development and execution of the roadmap for improvement.
- Address operational issues related to quality, delivery, and production.
- Anticipate and communicate issues, recommend corrective actions, and take independent remedial actions while reporting outcomes.
- Ownership of customer agreements, LTAs and material pass through clauses.
- Ensuring sales pipeline is always active.
- Maintain and promote Values and Behaviours.
Key performance indicators
- Revenue Growth: Increase in sales revenue generated by the product.
- Profitability: Gross margin and net profit generated by the product.
- Achievement of sales targets and quotas.
- Market Share: Growth in market share for the product compared to competitors.
- Penetration in new markets.
- Cost management and optimisation.
- Customer Acquisition and Retention: Number of new customers acquired. Customer retention rate and churn rate.
- On-time delivery of new products or features. Achievement of launch milestones and timelines.
- Customer Satisfaction: OTIF Number of customer complaints and resolution times.
- Market and Competitive Analysis:
- Go-to-market strategy and product roadmap ownership for assigned markets and products.
- Market size and segmentation analysis. Support the development and maintenance of market quantification models, sources for market data and a system to track market size and its changes over time.
- Customer needs analysis and voice-of-customer feedback.
- Driving pipeline growth by working closely with sales teams.
- Strategic annual short term and long-range market planning to maximise growth.
- Generate deliverables to support strategic decision-making processes with respect to organic as well as inorganic growth.
- Support the development and maintenance of a systemic approach to competitive intelligence.
- Identify, evaluate, and prioritise legislative, competitive, and technical discontinuities and their impact, generating insight around opportunities or threats.
- Generate growth through collaboration of cross-functional teams (including R&D, Sales, Finance, Supply Chain & Operations)
Qualifications, Skills and Knowledge
- Bachelor’s Degree required; MBA highly preferred.
- 7-10 years Product Management or equivalent experience.
- Experience with a technical product line required with a B-to-B technical product line preferred.
- Proven experience rationalising a product line while growing top and bottom line preferred.
- May or may not manage or supervisor other Product Managers.
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Product Manager employer: Elevation Recruitment Group
Contact Detail:
Elevation Recruitment Group Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Product Manager
✨Tip Number 1
Network like a pro! Reach out to people in the industry, attend events, and connect on LinkedIn. You never know who might have the inside scoop on job openings or can put in a good word for you.
✨Tip Number 2
Prepare for interviews by researching the company and its products. Understand their market position and be ready to discuss how your experience aligns with their goals. Show them you’re not just another candidate!
✨Tip Number 3
Practice your pitch! Be clear about your achievements and how they relate to the Product Manager role. Use specific examples that highlight your skills in product life cycle management and consumer insights.
✨Tip Number 4
Don’t forget to apply through our website! It’s the best way to ensure your application gets seen. Plus, we love seeing candidates who are proactive and engaged with our brand.
We think you need these skills to ace Product Manager
Some tips for your application 🫡
Tailor Your CV: Make sure your CV is tailored to the Product Manager role. Highlight your experience in product management, especially in consumer appliances or electronics. We want to see how your skills align with our needs!
Craft a Compelling Cover Letter: Your cover letter is your chance to shine! Use it to tell us why you're passionate about product management and how you can contribute to our team. Be sure to mention any relevant projects you've worked on.
Showcase Your Achievements: When detailing your experience, focus on your achievements rather than just responsibilities. Quantify your successes where possible – we love numbers that show impact! This helps us see the value you can bring.
Apply Through Our Website: We encourage you to apply through our website for a smoother application process. It’s the best way for us to receive your application and ensures you don’t miss out on any important updates from us!
How to prepare for a job interview at Elevation Recruitment Group
✨Know Your Product Inside Out
As a Product Manager, you need to demonstrate a deep understanding of the products you'll be managing. Research the company's existing product range and be ready to discuss how your experience aligns with their offerings. Bring insights on consumer needs and market trends that could benefit their roadmap.
✨Showcase Your Cross-Functional Skills
This role requires collaboration across various teams. Prepare examples of how you've successfully worked with marketing, purchasing, and development teams in the past. Highlight your project management skills and how you've driven projects from conception to launch, ensuring timely delivery.
✨Prepare for Consumer Insights Discussion
Be ready to talk about how you gather and analyse consumer insights. Think of specific instances where your insights led to successful product solutions or improvements. This will show your ability to drive the roadmap based on real data, which is crucial for this position.
✨Ask Thoughtful Questions
Interviews are a two-way street! Prepare insightful questions about the company's future product strategies, team dynamics, and how they measure success. This not only shows your interest but also helps you gauge if the company aligns with your career goals.
