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IDEX Senior Product Manager in Denver, Colorado

If you’re looking for a special place to build or grow your career, you’ve found it. Whether you’re an experienced professional, a recent college graduate or somewhere in between, IDEX is a place where you can apply your existing skills and learn new ones in an environment where you can make an impact.

With interesting opportunities in engineering, marketing, sales, supply chain, operations, HR, finance, and more across more than 40 diverse businesses (https://www.idexcorp.com/our-businesses/business-segments/) around the globe, chances are, we have something special for you.

OVERVIEW

The Senior Product Manager position will be responsible for products within the targeted growth segment at BAND IT, which offers a complete range of fastening solutions to different applications. The position will be an input to the business’ overall direction of its products and markets served, is responsible for product planning and execution throughout the product life cycle. The Senior Product Manager’s plans will assist in generating increased profit, market share gain and overall customer satisfaction for the company. The Senior Product Manager will support and implement specific targeted product and market strategies, while determining the most effective and successful approach to growing the existing portfolio. This position will be at the Denver, CO location.

ABOUT THE COMPANY

IDEX Corporation, based in Northbrook, Illinois is a $2.5 billion engineered solutions company. The company operates globally across a variety of markets, including: Agriculture, Analytical Instrumentation, Food and Beverage, Chemical Processing, Clinical Diagnostics, Custom Precision Dispensing, Fire & Rescue, Fuels & Energy, Medical, Sanitary, Semiconductor and Water.

These businesses comprise a strong platform for growth at IDEX. Chairman & CEO, Eric Ashelman, is committed to strategic (organic and acquisitive) growth across the business. With a strong balance sheet, IDEX is in a very good position to make strategic acquisitions going forward. At the same time, IDEX is committed to finding value and has no interest in overpriced acquisitions for the sake of top line growth alone. As the company continues to evolve and grow, it will be an exciting and rewarding environment for the strategic, results-oriented and emotionally intelligent business leader.

ABOUT BAND IT

Since 1937, BAND-IT has been designing and manufacturing engineered fastening solutions for dozens of applications worldwide. BAND-IT products deliver the robust performance and durability essential to harsh duty, mission-critical applications in traditional and emerging industries.

By combining application specific engineering with a tradition of manufacturing excellence, BAND-IT consistently provides durable, tailored solutions to its local and global customer base. BAND-IT has partnered with its clients to solve challenge in the Automotive, Industrial Clamping, Pole & Tower Management, Oil & Gas, Marine, Mining, Space Exploration and Telecommunications industries. Today, BAND-IT is acknowledged as the world’s leader in quality engineered band clamping and fastening solutions. BAND-IT, a unit of IDEX Corporation, has a global network of sales and manufacturing facilities serving users worldwide. Headquartered in Denver, CO, BAND-IT also has sales offices and operations facilities in Europe, the Middle East, Latin America, India, Japan, China and the Pacific Rim.

POSITION RESPONSIBILITY

The Sr Product Manager - Targeted Growth will report directly to VP of Sales and Marketing with a primary focus on providing the business the key information and guidance as it relates to the 4-P’s (Product, Place, Price and Promotion). This person will be an influencer on the overall direction of the business and supporting the business line growth initiatives.

ESSENTIAL DUTIES AND RESPONSIBILITIES:

Band-It is seeking a champion, with a winning spirit, that can provide evidence that they grasp and can excel in the following areas:

  • Commercial process improvements acting as a persistent catalyst for change

  • Drives 80/20 complexity reduction across the product lines including product rationalization to optimize offering and complexity and manage the product life cycle

  • Drives margin expansion for the Product Line by working with Operations \ Supply Chain to drive cost reductions (PPV), Engineering to drive VA\VE projects and Commercial team on pricing

  • Full understanding and successful execution of a staged NPD Process in a manufacturing environment

  • Drives the product innovation process

  • Works closely with Engineering Director to identify root causes to product issues and resolve using a systematic action plan orientation

  • Act as the voice of the customer in the definition of innovative digital solutions

  • Provide insights into product, technology and market trends

  • Develop feature lists, user stories, and roadmaps

  • Gather and manage product feedback through surveys, concept testing, analytics tools, and A/B testing

  • Monitor and report on product KPIs

  • Collaborate with a multidisciplinary team to scope, design, concept test and deliver innovative solutions

  • Work closely with a cross functional team to define requirements and design features with the goal of securing product market fit and growth

  • Act as the voice of the customer, with a deep understanding of user personas, pain points and customer journeys

  • Effectively prioritize and define product features so that Engineering, and others, can collaboratively design and execute

  • Continuously rebalance product / service features which maximize value and minimize effort to focus on the highest -returning initiatives

  • Create and maintain accountability for KPIs and metrics throughout innovation lifecycle and recommend KPIs for a new venture prior to launch

Strategic Growth & Market Analysis

  • Support the Senior Leadership Team identify and define product vision and roadmap with clarify on feasibility, time, cost and impact.

  • Develop business cases and operating plans for new products or new applications within the Targeted Growth space.

  • Develop market insights through voice of customer research, in-depth competitive analysis and market share/trend analysis.

  • Determine feasibility and viability of a concept using customer feedback and market data.

  • Identify key customers for new application and/or product and create product plan to include targeted customers, value identification, pricing and anticipated performas.

  • Craft and shape the business/product strategy, functional product requirements, commercialization recommendation, and ultimately, own the transformation of a validated concept into a new product or new application in the targeted growth areas.

  • Design and recommend a commercialization strategy for a product concept.

  • Manage product line revenue, margin, pricing, and investment.

Product Development

  • Collaborate with a multidisciplinary and cross functional team to define product requirements, design features, concept test and deliver innovative solutions with the goal of securing product market fit and growth.

  • Document and maintain data driven prototype requirements

  • Be decisive on whether a concept continues to the next phase of the product innovation lifecycle

  • Continuously rebalance product / service features which maximize value and minimize effort to focus on the highest -returning initiatives

  • Work closely with Engineering Director to identify root causes to product issues and resolve using a systematic action plan orientation

  • Effectively prioritize and define product features

  • Act as the voice of the customer in the definition of innovative solutions

  • Provide insights into product, technology and market trends

  • Develop feature lists, user stories, and roadmaps

  • Gather and manage product feedback through surveys, concept testing, analytics tools, and testing

  • Monitor and report on product KPIs

KNOWLEDGE, SKILLS AND REQUIRED ABILITIES:

To perform this job successfully, an individual must be able to perform each essential function satisfactorily. The requirements listed below are representative of the knowledge, skill, and / or ability required.

  • Ability to think strategically and creatively with high business acumen and entrepreneurial spirit

  • Ability to innovate new ideas and bring them to fruition

  • Excellent verbal and written communication skills.

  • Desire and ability for problem solving, team working, continual improvement and continued learning.

  • Ability to effectively manage their work with the following PC-based software programs (Microsoft Office: Excel, Word, PowerPoint, and Access)

  • Thrive in a cross functional environment

  • Work collaboratively with operations, commercial, engineering and the senior leadership team to ensure objectives are met

  • Strong understanding of channel and distribution management

  • Excellent understanding of strategic planning

  • Technical understanding of equipment and processes in a manufacturing environment

  • Integrated system product background ideal

EDUCATION AND EXPERIENCE:

  • Bachelor’s degree in related area, such as marketing, business, engineering

  • MBA or graduate degree preferred

  • 5+ years marketing experience, with at least three of those years in product marketing management with increasing responsibility in a manufacturing or industrial environment

  • 3 years of experience on new product development and product management

  • 3 years of experience working with competitive pricing, promotions and service parts, and pricing analysis/models

  • International experience a plus

Compensation:

  • Estimated compensation for this position is $115,000 - $135,000 per year depending on experience

  • This position may be eligible for at targeted annual bonus of 10%

  • This position is eligible for our comprehensive US Benefits package, which include health benefits, 401(k) retirement savings program with a company match, at least 80 hours of vacation, along with holiday, sick, and personal time off. For more information on our benefits, pleas visit our careers page at https://www.idexcorp.com/careersour-benefit-and-rewards/

IDEX Corporation is an Equal Opportunity Employer committed to workforce diversity

Attention Applicants: If you are an individual with a disability and require a reasonable accommodation to complete any part of the application process, please let us know. Likewise, if you are limited in the ability to access or use this online application process and need an alternative method for applying, we will determine an alternate way for you to apply. Please contact our Talent Acquisition Team at careers@idexcorp.com OR call us at 847-498-7070 – Job Opportunities.

Are you ready to join a different kind of company where our people, our culture, and our commitments are centered around providing trusted solutions that improve lives around the world?

IDEX is an Equal Opportunity Employer and Affirmative Action Employer. IDEX gives consideration for employment to qualified applicants without regard to race, color, religion, creed, genetic information, sex, sexual orientation, gender identity or expression, marital status, age, national origin, disability, protected veteran status, or any other consideration or protected category made unlawful by federal, state or local laws (Minorities/Females/Protected Veterans/Disabled).

Job Family: Marketing

Business Unit: Band-It

Job Segment: FSD Fire & Safety/Diversified Products

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