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

The Product Manager – Retail is the champion for assigned product categories and plays a pivotal role managing their portfolio as a business. To this end, the ability to analyze, draw conclusions, create successful strategies, build a narrative around that strategy, and influence multiple departments internally and customers and end-users externally are necessary for success. The Product Manager will lead all activities related to product line management including strategic planning, new product development, competitive intelligence, pricing and profitability, and life cycle management.

This individual is a strategic partner to the Commercial Sales Teams in achieving company growth objectives, sales targets, and strategic initiatives. You’ll work to identify product opportunities throughout North America and other regions as needed, leveraging market and competitive intelligence to design and execute new products and line extension.

You will also work with Brand and Channel Management Teams to develop marketing programs, promotions, and marketing content that actively engages and meets the needs of customers and end users. This role requires a person who is self-motivated and works well in team and matrixed environments. Must be able to interact with and influence leaders and contributors at all organizational levels.

This role will be hybrid-based out of one of our corporate locations in Deerfield, IL.

Responsibilities

• Develop strategic plans identifying product, pricing, distribution and promotional initiatives that align with long range category and corporate objectives.
• Develop new product and service roadmaps intended to grow revenues, profit and market share and to reinforce market leadership position. Initiate and drive the new product development stage gate process by identifying, scoping, and justifying new product opportunities. Work with Brand Marketing Team to plan, develop and manage new product commercialization efforts.
• Manage the full lifecycle for assigned portfolio from NPD through discontinuation and residual inventory disposition.
• Plan product line pricing, pricing strategy and manage profitability to deliver category P&L objectives.
• Utilize voice-of-customer, market research, and input from stakeholders to shape new product definition and to guide general business decisions.
• Capture competitive and market intelligence, including feature set, price positioning, and competitive share position and develop and implement necessary plans to maintain market leadership position.
• Collaborate with Brand and Channel Marketing Teams to develop materials and selling tools that support key marketing initiatives. This includes public relations planning, trade show participation, advertising, promotions, point of purchase promotional, packaging, social media planning, and other marketing communication activities as they relate to the management of assigned product categories.
• Maintain ongoing dialogue with Retal Sales Management on key initiatives to ensure adherence to established timelines and customer expectations.
• Address business challenges by first understanding the facts and available data and then driving solutions that are consistent with the brand, customer needs, and business objectives.
• Train internal and external customers on products and market and business developments.
• Respond to daily customer and field sales inquiries, requests, and concerns, including those related to quality, delivery and cost.
• Assist with other category management efforts as assigned.

Qualifications

• Bachelor’s degree required.
• Requires a minimum of 3-5 years of relevant experience in category, product or marketing management, preferably in a manufacturing setting.
• Able to work independently and manage multiple initiatives and projects.
• Experience in multi-channel environment (commercial and retail distribution) preferred.
• Experience with end user VOC & market research
• Experience identifying, defining, developing, launching new products through a phase gate process.
• Experience working with and leading cross-functional teams in a matrix organization.
• Strong communication and presentation skills, both written and oral.
• Strong analytical skills – able to analyze and synthesize large amounts of data into simple, fact-based recommendations and plans.
• Ability to interpret and leverage insights from category financial performance reports.
• Strong written, verbal, interpersonal, presentation and MS Office suite skills.
• Working Conditions Occasional travel required (up to 25%).

Additional Information

Fortune Brands believes in fair and equitable pay. A reasonable estimate of the base salary range for this role is Hiring Pay Range: $90,000 USD - $143,000 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, 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 Employee Resource Groups to support inclusivity and our associates’ feeling of belonging at work.

Fortune Brands is a brand, innovation and channel leader focused on exciting, supercharged categories in the home products, security and commercial building markets. Our portfolio of brands includes Moen, House of Rohl, Aqualisa, SpringWell, Therma-Tru, Larson, Fiberon, Master Lock, SentrySafe and Yale residential.

Fortune Brands is headquartered in Deerfield, Illinois and trades on the NYSE as FBIN

Equal Employment Opportunity:

FBIN is an equal employment opportunity employer and does not discriminate against any applicant based on race, color, religion, sex, gender identity or expression, national origin, ancestry, age, disability, 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 accommodation to applicants with disabilities. If 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. Resumes submitted to this email address will not be responded to.

To protect yourself from fraudulent job postings or recruitment scams, please note that FBIN job postings are exclusively hosted on our careers page at www.fbin.com/careers>.

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