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For Companies At a Glance
- Tasks: Lead product strategies for Engine Oils, collaborating with diverse teams to drive market growth.
- Company: Join Lubrizol, a global leader in additive technology for passenger car engine oils.
- Benefits: Enjoy competitive pay, career growth opportunities, and a collaborative work environment.
- Why this job: Make a real impact on mobility and wellbeing while working with passionate professionals.
- Qualifications: Bachelor's degree in relevant fields; 5 years of experience in product management or related roles.
- Other info: Ideal for those with strong communication skills and a knack for market analysis.
The predicted salary is between 36000 - 60000 £ per year.
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Join our Thriving Team at Lubrizol as a Engine Oils Product Manager
At Lubrizol we’re a leader in additive technology for Passenger Car Engine Oils. If you are ready to join an international company with talent around the world, and want to make a real impact, we want you on our team.
As aProductManager, you\’ll be at the forefront of developing and driving market and customer focused product line strategies to deliver the long-term financial health of the portfolio. You\’ll collaborate with a diverse group of passionate individuals to deliver sustainable solutions to advance mobility, improve wellbeing and enhance modern life. Your work will directly impact the overall competitiveness and profitability of our portfolio of products.
What You’ll Do
- Develop and execute the European Passenger Car Engine Oils additive product, price, promotion and place strategy for your portfolio.
- Become a subject matter expert in the market segment.
- Liaise with customers and OEM’s in collaboration with our account management teams to understand current and future needs, develop partnerships and determine product approaches and strategies.
- Drive business growth through the creation and implementation of insights-based market development and penetration strategies.
- Collaborate with other Product Managers, Strategic Marketing and a wide stakeholder network to develop a deep understanding of customer needs, market trends, and competitive landscape to guide product development and positioning. Become the subject matter expert.
- Liaise with base oil manufacturers to gather insights and determine appropriate future product line coverage.
- Ensure effective marketing communications plans are developed and delivered by the marketing team for your assigned portfolio.
- Actively manage all stages of product lifecycle through introduction, growth, maturity, decline and obsolescence.
- Ensure volume forecasts are consistent with market trends.
- Develop pricing strategies that optimize profitability while remaining competitive in the market. Monitor product margins.
- Monitor product performance and make data-driven decisions to optimize the customer value proposition to capture market share.
- Provide inputs for the annual profit plan targets setting (volume, revenue, margin) and lead its execution.
- Work closely with technology to commercialise new products and provide ongoing product support.
- Collaborate with Operations, Procurement and Supply Chain to manage asset and operational decisions in support of product lines.
- Collaborate with sales teams to provide training and resources to effectively sell the product line.
- Develop market advocacy strategy, determine key market messages and co-ordinate with other regions as necessary.
What We’re Looking For
A strong product manager should be a well-rounded individual with a combination of technical, market, and business skills, as well as strong communication and leadership abilities.
- Bachelor’s degree, preferably in Marketing, Business Administration, Chemistry, Chemical Engineering, or related discipline. Candidates with an MBA are desirable.
- A minimum of 5 years of prior experience in a combination of Sales, Marketing, Technology Deployment, or Product Management roles. Experience within the specialty chemicals industry or industrial lubricants is considered a plus.
- Business Acumen: Good understanding of the financial aspects of the product line, including pricing, margins, and profitability. Ability to make sound business decisions based on financial analysis.
- Leadership and Collaboration: Ability to lead, motivate and collaborate effectively with cross-functional teams, including R&D, operations, sales, and marketing.
- Communication Skills: Strong written and verbal communication skills to effectively interact with a variety of stakeholders, including customers, internal teams, and senior leadership.
- Market Understanding: Strong understanding of the relevant markets, including customer needs, competitor analysis, and market trends.
- Technical Knowledge: Good understanding of the technical aspects of the products, including chemical composition, applications, and manufacturing processes
- Strong organizational skills: ability to manage and prioritize tasks and projects. Capable of independent action, takes initiative
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Product Manager Engine Oils employer: Lubrizol Corporation
Contact Detail:
Lubrizol Corporation Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Product Manager Engine Oils
✨Tip Number 1
Familiarise yourself with the latest trends in the engine oils market. Understanding current innovations and customer preferences will help you speak confidently about how you can contribute to Lubrizol's product strategies.
✨Tip Number 2
Network with professionals in the specialty chemicals and industrial lubricants sectors. Engaging with industry experts can provide valuable insights and potentially lead to referrals that could strengthen your application.
✨Tip Number 3
Prepare to discuss your experience with cross-functional collaboration. Highlight specific examples where you've successfully worked with teams from R&D, sales, and marketing to drive product success, as this is crucial for the role.
✨Tip Number 4
Showcase your understanding of financial metrics related to product management. Be ready to explain how you've used data-driven decisions to optimise pricing and profitability in previous roles, as this aligns with the job requirements.
We think you need these skills to ace Product Manager Engine Oils
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights relevant experience in product management, particularly in the specialty chemicals or industrial lubricants sectors. Emphasise your technical knowledge and any leadership roles you've held.
Craft a Compelling Cover Letter: In your cover letter, express your passion for the role and the industry. Mention specific experiences that demonstrate your ability to develop market strategies and collaborate with cross-functional teams.
Showcase Your Achievements: Quantify your achievements in previous roles. For example, mention how you successfully increased product margins or drove business growth through innovative strategies. This will help illustrate your impact.
Research Lubrizol: Familiarise yourself with Lubrizol's products, values, and market position. Understanding their current product lines and recent developments will allow you to tailor your application and show genuine interest.
How to prepare for a job interview at Lubrizol Corporation
✨Showcase Your Technical Knowledge
As a Product Manager for Engine Oils, it's crucial to demonstrate your understanding of the technical aspects of the products. Be prepared to discuss chemical compositions, applications, and manufacturing processes during the interview.
✨Highlight Your Business Acumen
Make sure to convey your understanding of financial aspects such as pricing, margins, and profitability. Discuss how you've made data-driven decisions in previous roles that positively impacted the bottom line.
✨Emphasise Collaboration Skills
This role requires working with cross-functional teams. Share examples of how you've successfully collaborated with R&D, sales, and marketing teams in the past to achieve common goals.
✨Demonstrate Market Understanding
Be ready to talk about your insights into market trends, customer needs, and competitor analysis. Showing that you can identify opportunities for growth will set you apart from other candidates.
