Product Manager

Company Description

Fortune Brands Innovations, Inc. is an industry-leading innovation company focused on creating smarter, safer and more beautiful homes and improving lives. Our driving purpose is that we elevate every life by transforming spaces into havens. We believe our work and our brands can have incredibly positive impacts for not just our business and shareholders, but for people and the planet, too.

When you join Fortune Brands, you become part of a high-performing team who are empowered to think big, learn fast and make bold decisions. We support an inclusive and diverse culture where everyone is encouraged and empowered to be their authentic selves, and where our differences and unique perspectives are a key strength.

Explore life at Fortune Brands here .

Job Description

This role is designated as a hybrid role which includes working at least 3 days per week (Tuesdays, Wednesdays, Thursdays) to foster better collaboration, connection, and innovation. This role is responsible for a major category within the Therma-Tru Doors business.

As a Product Manager , you will be empowered and expected to grow margin and profitability of your category product lines within the Therma-Tru business, enabling the BU to meet its overall financial objective. You will provide thought leadership and direction to ensure we have the right products, in the right channels, with the right pricing architecture. You will have a deep understanding of the market and target customer groups to deploy strategies that will increase market share and profitability throughout the product lifecycle. The ability to create and execute successful strategies, build narratives around those strategies, and influence multiple stakeholders internally and externally are necessary for success.

YOUR ROLE:

The bullet points below reflect roughly 80% of your job. We are a fast-paced company, you may be pulled in a variety of different directions with tasks added or changed.

• Responsible for 3 P’s of the assigned category – Product, Price, Promotion.
• Work with the VP of sales on the 4th P - Place.
• Develop new product development objectives, strategies, and timelines to maximize market share growth and profitability.
• Plan and manage new product development projects through the entirety of a stage-gate process.
• Drive category captain leadership with external customers by leveraging analytics and/or insights for our markets, end users, and channels.
• Determine product line pricing architectures and lead annual pricing strategy to maximize our profitable share across channels. Partner with Revenue Growth Management, sales, analytics and finance teams to understand channel dynamics & competitive positioning, set list prices, and review the revenue and profit impact of price requests/changes.
• Influence and educate the business on how we go to market. Provide thought leadership and direction within and outside the organization for business, technical or competitive issues on assigned product line/s.
• Partner with Operations functions including manufacturing, supply chain and quality for new product development as well as monitoring category product line health and performance of existing product lines to maximize customer satisfaction.
• Champion the “Voice of the Customer & Consumer” by developing a thorough understanding of customer and market needs / trends. Conduct competitive analysis and gain insight to product gaps or advantages.
• Responsible for providing a regular profit review of product line results, with recommended actions, to accomplish attaining market share, revenue, and profitability targets for assigned product range.
• Effectively communicate and explain the rationale of product line strategies, positioning, channel needs, financial impact, priorities and customer requirements.
• Provide sales and product training support to drive revenue and profitability goals of product line. Attend industry-related trade shows, sales meetings, and maintain trade association contacts as needed. Maintain a general understanding of pertinent industry standards to best position assigned product line.
• Collaborate with Brand, Channel Marketing, Digital, and Commercialization teams to support the development of sales assets, public relations campaigns, advertising activities, promotional strategies and tactics for assigned product lines.
• Review content and message of all collateral materials and communications for assigned product lines. Ensure the accuracy of product offering, descriptions, pricing, etc. in all company communications.
• Train internal and external customers on products, marketing programs, and business developments.
• Communicate regularly with field sales associates including occasional travel to key accounts and end users.
• Respond to daily customer and field sales inquiries, requests, and concerns.
• May perform other duties as assigned.

Qualifications

BASIC QUALIFICATIONS:

• Bachelor’s degree in Marketing, Business, Engineering or related field.
• Minimum of 5 years of product management experience in manufacturing and/or consumer durables industry.
• Prior demonstrated success in developing category plans for retail and/or wholesale channel.
• Strong analytical skills, including ability to arrive at insights from analytical data, is essential for market and competitive evaluation, pricing and line management.
• Demonstrated ability to be a team player with skills to lead/participate in cross-functional teams.
• Demonstrated effective verbal, written and presentation skills.
• Advanced computer skills. (Excel, PowerPoint, Word)
• Ability to travel approximately 15%, mainly to customer locations.

PREFERRED QUALIFICATIONS:

• MBA in Marketing, Business, Engineering or related field.
• Prior consumer/durable goods experience.
• Experience in the building industry / building products.
• Prior P & L experience.

Additional Information

Fortune Brands believes in fair and equitable pay. A reasonable estimate of the base salary range for this role is $100,000 USD - $130,000 USD. Please note that actual salaries may vary within the range, or be above or below the range, based on factors including, but not limited to, education, training, experience, professional achievement, business need, and location. In addition to base salary, employees will participate in either an annual bonus plan based on company and individual performance, or a role-based sales incentive plan.

At Fortune Brands Innovations, we support the overall health and wellness of our associates by offering comprehensive, competitive benefits that prioritize all aspects of wellbeing and provide flexibility for our teammates’ unique needs. This includes robust health plans, a market-leading 401(k) program with a company contribution, product discounts, flexible time off benefits (including half-day summer Fridays per policy), inclusive fertility / adoption benefits, and more. We offer numerous ERGs (Employee Resource Groups) to support inclusivity and our associates’ feeling of belonging at work.

Fortune Brands Innovation (FBIN) is built on industry-leading brands and innovation within our operating segments: water, outdoors and security. We have an impressive track record of strong financial results, market outperformance and growth, which translates into career and professional growth opportunities for associates. Please visit our website at fbin.com to learn more.

Equal Employment Opportunity

FBIN is an equal opportunity employer. FBIN evaluates qualified applicants without regard to race, color, religion, sex, gender identity or expression, national origin, ancestry, age, disability/handicap status, marital status, protected veteran status, sexual orientation, genetic history or information, or any other legally protected characteristic.

Reasonable Accommodations

FBIN is committed to working with and providing reasonable accommodations to individuals with disabilities. If, because of a medical condition or disability, you need a reasonable accommodation for any part of the application or interview process, please contact us at [email protected]and let us know the nature of your request along with your contact information.