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For Companies At a Glance
- Tasks: Lead product strategy and explore new markets to drive growth.
- Company: Join a global industrial manufacturer with a focus on innovation.
- Benefits: Enjoy a competitive salary, car allowance, private healthcare, and flexible working.
- Why this job: Make a real impact by developing new products and strategies in a dynamic environment.
- Qualifications: Bachelor’s degree required; 7-10 years of product management experience preferred.
- Other info: Collaborate with cross-functional teams for excellent career growth opportunities.
The predicted salary is between 68000 - 102000 £ 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.
Additional duties
- 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 supervise other Product Managers.
Product Manager - Elevation Recruitment Group in Lincoln employer: Jobster
Contact Detail:
Jobster Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Product Manager - Elevation Recruitment Group in Lincoln
✨Tip Number 1
Network like a pro! Reach out to your connections in the industry, attend relevant events, and don’t be shy about asking for introductions. We all know that sometimes it’s not just what you know, but who you know that can land you that Product Manager role.
✨Tip Number 2
Prepare for those interviews by researching the company and its products inside out. Understand their market position and competitors. We want you to walk in with insights that show you’re not just another candidate, but someone who can drive product sales and strategy.
✨Tip Number 3
Showcase your leadership skills during interviews. Talk about how you’ve successfully led cross-functional teams in the past. We need to see that you can manage product roadmaps and collaborate effectively with R&D, sales, and operations.
✨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. Let’s get you on the path to becoming a Product Manager with us!
We think you need these skills to ace Product Manager - Elevation Recruitment Group in Lincoln
Some tips for your application 🫡
Tailor Your CV: Make sure your CV is tailored to the Product Manager role. Highlight your experience with product strategy, market analysis, and cross-functional collaboration. We want to see how your skills align with what we're looking for!
Craft a Compelling Cover Letter: Your cover letter is your chance to shine! Use it to explain why you're passionate about this role and how your background makes you the perfect fit. Don’t forget to mention your experience in driving product sales and managing product lifecycles.
Showcase Your Achievements: When detailing your past roles, focus on specific achievements that demonstrate your ability to grow revenue and market share. Numbers speak volumes, so include metrics where possible to show your impact!
Apply Through Our Website: We encourage you to apply through our website for a smoother application process. It helps us keep track of your application and ensures you don’t miss out on any important updates from us!
How to prepare for a job interview at Jobster
✨Know Your Product Inside Out
Before the interview, make sure you thoroughly understand the product line you'll be managing. Research the company's existing products and any potential markets they might want to tap into. This will show your technical knowledge and business acumen, which are crucial for the role.
✨Prepare for Market Analysis Questions
Expect questions about market trends and competitor analysis. Brush up on how to assess market conditions and customer needs. Being able to discuss actionable strategies for product positioning and pricing will demonstrate your capability to drive revenue growth.
✨Showcase Your Leadership Skills
As a Product Manager, strong leadership is key. Prepare examples of how you've led cross-functional teams in the past. Highlight your experience in integrating inputs from various stakeholders to create effective product roadmaps and strategies.
✨Be Ready to Discuss KPIs
Familiarise yourself with key performance indicators relevant to the role, such as revenue growth, market share, and customer satisfaction. Be prepared to discuss how you've achieved these metrics in previous roles and how you plan to do so in this position.
