Product Manager II

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

Are you interested in being a part of a fast growing, agile category management team that brings new smart, connected products to market? Moen’s Connected Smart Water team has new openings for a Group Product Manager based at our Global headquarters in Deerfield, Il. 

The Group Product Manager will be instrumental in leading and executing product management for a portfolio of solutions within our Connected Products Business, part of the Moen Smart Water Network. The Group Product Manager leads a team of connected product managers.  The Group Product Manager drives category growth through portfolio execution and defines the strategic vision for their team driven by the overall Moen Smart Water business vision. They have a deep understanding of the target market/industry/user and build close relationships with key stakeholders to ensure that business priorities are aligned with overall strategy. This role manages dependencies with other team’s functions while identifying, building and managing strategic partnership across the different teams. They work closely with commercial functions, project, engineering development and supply chain teams to ensure business value is maximized. Group Product Managers will be accountable for their category revenue growth, product portfolio optimization and portfolio growth strategy, and for specific business OKRs based on their product portfolio needs.

POSITION LOCATION:
This position is eligible for a hybrid schedule with work performed in Deerfield, Illinois (onsite Tuesdays, Wednesdays, Thursdays).

RESPONSIBLIITIES:
Product/Category Strategy & Leadership

• Develop and execute a comprehensive product and category strategy to drive sales growth, market share and profitability.  
• Identify market trends, competitive threats, and consumer needs to inform portfolio roadmap and go-to-market strategies.
• Establish clear KPIs and performance metrics to track category success.
• Partner with Software Product Leadership to drive platform level software prioritization.  

Product & Portfolio Management

• Lead & own the product portfolio strategy and lifecycle for assigned connected product portfolio.
• Develop and execute a 3-year portfolio roadmap plan through conducting ongoing competitive, market, and Voice of Customer (VOC) analysis to deliver best in class solutions.
• Partner with cross-functional product development (hardware & software) teams to define new product introductions and provide regular updates to business leadership.
• Lead product management team as they define requirements and features to multiple teams (hardware & software) to deliver on value proposition, unique selling proposition, price, margin and supply for new product development.

Go-to-Market Execution

• Define market segment priorities and partner with Sales & Channel Marketing to establish go-to-market strategies and plans to achieve business objectives.
• Lead portfolio and pricing strategy for assigned product portfolio driving revenue and margin contribution to achieve business objectives.
• Develop compelling product messaging and promotional strategies that resonate with target consumers.

Data-Driven Decision Making

• Leverage data analytics, market research, and consumer insights to inform category strategy
• Monitor category performance, pricing trends, and competitive benchmarks to make proactive adjustments.

Stakeholder Collaboration

• Influence senior leadership by providing strategic recommendations based on category insights.
• Build strong relationships with external partners, channel partners, and technology partners.  

Qualifications

• 8-10+ years of experience in product management or product ownership within a consumer electronics, IoT, smart home, consumer durable goods or connected products company.  Should demonstrate a deep knowledge and passion for how customers work and think.
• Bachelor’s Degree in Business, Marketing, a related field, or equivalent experience required.  MBA preferred.
• Proven ability to drive product portfolio and category growth through data-driven insights and innovative strategies.
• Solid knowledge of industry trends pain points to be able to create a high value product vision and user demands.
• Strong communication skills with ability to communicate complex messages and trade-offs and tell a compelling story an all levels of the organization.
• Entrepreneurial mindset and passion to challenge status quo to find new solutions and drive out of the box ideas – loves and embraces change.
• Able to build a sense of trust and rapport that creates a comfortable & effective workplace.
• Brings a high-energy and passionate outlook to the job and can influence those around them.
• 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.
• Ability to travel approximately 15%, mainly to trade shows & customer locations.

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: $120,000 USD - $192,500 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>.