Product Development Analyst

Company Description

At Fortune Brands Innovations, we believe that our innovation and success are fueled by the passion of our people and the strength of our teams. Together, we work to fulfill dreams of home by aligning around common goals, being agile in the face of change, holding ourselves accountable, and acting with integrity and transparency. We succeed when everyone belongs and strive to build a Home for All where all associates can be their true, authentic selves at work. Learn more about our culture here

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

Job Description

The Product Analyst will be a member of the Product Development Design-to-Value group and will be responsible for analyzing data resources and creating analytical models and tools to enhance foundational program knowledge. This role involves collecting and organizing internal and marketplace data related to various aspects of the business and presenting data-driven insights to support business decisions and drive growth. The Design-to-Value approach integrates consumer, marketplace, design, and cost insights to deliver the ideal consumer experience while unlocking significant margin improvement.

This role is a member of an empowered, high performing team that focuses on driving meaningful change across the company by redefining the most strategic product lines.

Position Location:This role can be based out of any of the Fortune Brand Innovation facilities following a hybrid work schedule. Our Hybrid work schedule provides associates the flexibility to work remote Monday and Friday while being in office Tuesday - Thursday.

RESPONSIBILITIES :

Data Collection and Organization:

• Gather internal and marketplace data pertaining to products, pricing, channels, and Product Bills of Materials (BOMs).
• Utilize techniques such as web scraping to understand customer reviews, complaints, warranty data, and social media to extract valuable insights.
• Maintain a structured database and organize data for easy accessibility and analysis.

Data and Trend Analysis:

• Analyze collected data to identify trends that are relevant to products, consumers, and design.
• Use statistical and analytical tools to identify patterns and correlations within the data.
• Assist the Insights Leader as needed in data analysis and reporting activities related to consumer research.

Pricing and Margin Optimization:

• Collaborate with the Revenue Growth Management team to assist in establishing portfolio pricing and margin optimization strategies.
• Provide data-driven insights to support pricing decisions.

Analytical Model Development:

• Create and develop analytical models as necessary to address specific business questions or challenges.
• Use advanced analytics techniques to predict future trends and outcomes.
• Stay up-to-date with industry trends and emerging data analysis tools.
• Identify and recommend new tools or technologies that can enhance the analytical capabilities of the team.

Program Workbook Creation:

• Develop program workbooks to document analysis findings, methodologies, and tools used for reference and sharing with stakeholders.

Qualifications

REQUIRED SKILLS/QUALIFICATIONS :

• Bachelor's degree in related fields such as data science, statistics, or business analytics. Engineering and Marketing degrees with the appropriate experience will also be considered.
• 5 years of experience in collecting, analyzing, and presenting product and consumer data insights.
• Proficiency in data analysis tools and software, such as Excel, Tableau, or other data visualization tools.
• Strong analytical and problem-solving skills.
• Excellent communication and presentation skills.
• Ability to work collaboratively in a cross-functional team.
• Attention to detail and ability to manage multiple tasks simultaneously.
• Prior experience in data analysis or business intelligence is preferred.

Additional Information

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 FBIN.Recruiting@fbhs.com and let us know the nature of your request along with your contact information.