Product Manager Profile Job

Job Description for Product Manager

There is a lot of Product Manager vacancies in famous companies as Adobe, Stanford Federal Credit Union, Dropbox, Intuit and others.
The Product Manager role is central to the product management function. A Product Manager is responsible for one or more closely related product/service lines, and usually reports to a Portfolio Manager, who is responsible for a broader portfolio of related product/service lines.
The Product Manager is responsible for the product strategy/roadmap, managing the product throughout the product lifecycle, gathering and prioritizing product and customer requirements, defining the product vision, and working closely with engineering and operations to deliver growth. It also includes working with sales, marketing and support to ensure revenue and customer satisfaction goals are met. The Product Manager’s job also includes ensuring that the product and marketing efforts support the company’s overall strategy and goals. This person should possess strong analytical skills to allow him/her to make decisions around a product(s) line(s) to accelerate profitable growth. He/She will be fully responsible for – and accountable to – meeting or exceeding Ingersoll-Rand’s organic revenue growth targets, maintaining or growing market share and expanding contribution margin.

Qualifications for Product Manager

      BA or MBA in business, marketing, computer science or related technical field preferred.
      3 to 5 years experience in Product Management or similar role.
      Manage and lead standard management routine activities pertaining to Product Growth Teams driving all meetings, measuring metrics, conducting analytics and utilizing an effective visual management system.
      Conduct regular industry, market and competitor analyses, including detailed segmentations of end consumers and customers
      Lead the execution of detailed demand planning for all product/service lines based on input from industry, market and competitor analyses
      Make recommendations to Operations on production volumes, schedules and timing based on output of detailed demand planning
      Coordinate with the marketing and sales teams to review and adjust the marketing strategy, plan (including targeted programs and promotions) and countermeasures for all existing product/service lines based on performance
      Develop and implement distribution and pricing strategies and programs to meet and exceed price, volume and share targets.
      Review and approve/reject adjustments to offer structure, pricing, policies or product/service features to better meet customer needs and expectations, based on regular product/service line reviews. Ensure pricing changes to all existing product/service lines to cover for inflation, market trends, competitor actions, changes to offer structure or features, and/or lifecycle stages
      Coordinate with the sales team to review and adjust the distribution strategy for each product/service line based on performance
      Interacts with engineering to ensure product design, quality, reliabilty and profitability goals are met
      Recommend product/service changes to the engineering or service fulfillment teams based on customer feedback, product/service line reviews or opportunities for productivity enhancement
      Lead the monthly/quarterly P&L analysis and course correction plan development in order to exceed plan targets
      Product Life-Cycle Management-Understanding of how products move through their lifecycle and how to maximize margin at each stage
      General Management — Knowledge of business and management principles involved in strategic planning, resource allocation, human resources modeling, leadership technique, production methods, and coordination of people and resources.
      Sales and Marketing — Knowledge of principles and methods for showing, promoting, and selling products or services. This includes marketing strategy and tactics, product demonstration, sales techniques, and sales control systems.
      Customer and Channel Strategy – Capable of analyzing end user and channel segments to identify and target the most profitable segments
      Pricing Strategy- Determine pricing objectives, policies and strategies. Review competitor data to assess correctness of pricing. Ensure that the pricing strategy balances the need to increase market share and maximize profit margins. Review and assess prices continually to ensure they are competitive, profitable, and consistent. Ensure that the pricing strategy is consistent with the business strategy
      Finance and Cost Accounting — Knowledge of finance and accounting principles and practices, and the analysis and reporting of financial data
      Data Analysis — Knowledge of statistics, and its applications to analyzing data
      Business Acumen — Knowledge of principles of business strategy and execution including: product/portfolio management strategies, supply chain management and financial indicators
      Communications and Media — Knowledge of media production, communication, and dissemination techniques and methods. This includes alternative ways to inform and entertain via written, oral, and visual media.
      Manufacturing Knowledge-Understanding of manufacturing processes that impact product availability, quality and profitability
      Financial Knowledge-Understand product full stream financial metrics and levers to quickly identify areas of concern and develop necessary actions to maintain product profitability
      Customer and Personal Service — Knowledge of principles and processes for providing customer and personal services. This includes customer needs assessment, meeting quality standards for services, and evaluation of customer satisfaction.
      Human Resources — Knowledge of principles and procedures for recruitment, selection, training, compensation and benefits, employee/labor relations, and human resource information systems

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