What are the responsibilities and job description for the Product Manager position at ITT Inc. - English US?
About ITT::
Our businesses are organized in three distinct segments, each based around our core engineering DNA:
ITT is a leading manufacturer of critical components for harsh environments that serves fast-growing end markets in flow, aerospace and defense, energy and transportation. Building on our heritage of innovation, we partner with our customers to deliver solutions to the key industries that underpin our modern way of life.
Headquartered in Stamford, CT, we have more than 11,700 employees globally with operations in ~40 countries and sales in more than 125. At our core is our engineering DNA, with 1,280 engineers, 1,700 active global patents and ~51 manufacturing locations.
Headquartered in Stamford, CT, we have more than 11,700 employees globally with operations in ~40 countries and sales in more than 125. At our core is our engineering DNA, with 1,280 engineers, 1,700 active global patents and ~51 manufacturing locations.
Our businesses are organized in three distinct segments, each based around our core engineering DNA:
Industrial Process: A global leader in centrifugal and twin-screw pumps and engineered valves for chemical, energy, mining, and industrial applications. Our leading brands include the iconic Goulds Pumps (with more than 175 years of history), Bornemann, Habonim, Engineered Valves, Rheinhütte Pumpen and Svanehøj.
Motion Technologies: A global leader in brake pads (ICE and electrified brake pads) and shock absorbers (energy absorption solutions) for transportation applications. Our leading brands include Friction Technologies, KONI and Axtone.
Connect and Control Technologies: A leader in critical applications for the aerospace, defense and industrial markets, including harsh environment connectors and control components. Our leading brands include ITT Cannon, Enidine, Aerospace Controls and kSARIA.
Reporting to Senior Product Management Lead for Aerospace Electrical Interconnect Products, the successful candidate will manage all technical, pricing, and marketing related deliverables for interconnect products being sold to commercial and military aerospace markets. The candidate will interact daily with internal and external Sales staff, distributors, end customers and engineers, drive all product management activities and will be responsible for related revenue and margin. This position is responsible for achieving all profitability and revenue growth objectives for the assigned product lines in line with the company’s strategic plan.
Essential Responsibilities:
- Implement and develop online and manual pricing tools for responsible product lines in coordination with the pricing team to improve pricing responses and maximize revenue and margin with the goal of achieving a sub 5-day average turnaround time on all quotations
- Manage product cost reduction activities and market price strategies to improve margins and closure rates on quotes and contract pricing agreements – achieve a minimum 15% closure rate on relevant product lines
- Manage customer facing activities that results in maximum product line value, developing product related collateral to the Sales team, distribution, and end customers as well as messaging that maximizes ITT Cannon’s competitive position within the market
- Develop marketing communications collateral in conjunction with marketing that optimizes messaging – build and execute a plan that includes a minimum of 1 marketing content release per quarter
- Develop and manage product roadmaps and oversee specific product development projects crucial to ensuring new product launches are achieved on schedule in accordance with the product roadmap
- Conduct and manage product related engineering activities through regular meetings to ensure engineering activities are supporting tactical and strategic product line objectives
- Key management point of contact responsible for all product related pricing and margin activities as well as tactical and strategic activities related to the product line.
Safety is a core value at ITT. Our employees understand and follow all ITT safety policies and procedures, participate in workplace inspections, safety training, and in the development of job safety analyses.
Position Requirements:
- Bachelor's degree in business or a technical discipline, MBA preferred
- Minimum 3 years' experience in Product Management, with Pricing, Sales, or Customer Service experience within the Aerospace industry
- Familiarity with electrical interconnect products
- Percent of Travel required, typically 25%-50%
Salary : $104,200 - $155,600