IDEX Sr Product Manager- Targeted Growth 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.
The Sr Product Manager-Targeted Growth will lead a dedicated project team of an application engineer, business development managers in US & Europe, and product engineer to develop a product solution and commercialization strategy for targeted growth opportunities. The position will evaluate engineered fastening applications in a variety of markets and determine where BAND-IT could leverage their core competencies to solve pain points within the market while increasing sales. They will be responsible for generating innovation that will allow Band-It to win in these identified markets. They will own everything from business case to launch and adoption of the solution. The Sr Product Manager- Targeted Growth will be measured on the solution’s ability to generate increased profit, market share gain and overall customer satisfaction. This position will be at the Denver, CO location.
ABOUT THE COMPANY
IDEX Corporation, based in Lake Forest, Illinois (suburb of Chicago), is a $2.2 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, Andrew Silvernail, 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.
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.
The Business Development Leader will report directly to the President with a primary focus of leading the largest global growth opportunities for the business. They will have a project team dedicated to development and sale of the product solution globally. They will need to develop a business strategy to win encompassing the 4-P’s (Product, Place, Price and Promotion). This person will be an influencer on the overall direction of the global business and have dedicated resources targeted to develop new business segments or grow existing markets faster than the current trajectory.
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:
Ability to analyze engineered fastening applications and determine the best target for BAND-IT based on the market attractiveness, application needs, and ability to differentiate the solution.
Lead voice of customer research to quickly learn a market, end user needs, decision makers, route to market, and value drivers to develop a winning strategy.
Lead product innovation sessions around the application, targeted customer’s problem, and potential technology solutions with engineering team.
Successful execution of a staged NPD Process in a manufacturing environment
Define the product solution and lead the trade-offs through the development process.
Ability to balance feature set with speed to market during development process.
Gather and manage product feedback through surveys, concept testing, analytics tools, and prototype testing.
Ability to develop a value proposition, value sell materials, and targeted market claims for a product solution to drive market adoption and achieve market share goals.
Proficient in value-based pricing strategies and ability to partner with sales to sell value of a solution to capture maximum price.
Development of a commercialization strategy which includes optimal route to market to reach the end user, sales approach to gain speed to adoption (ex. Demo sales approach), focused targets, and marketing strategies to ensure awareness.
Commercial process improvements acting as a persistent catalyst for change to drive growth.
Strategy & Market Analysis
Develop an overall business strategy to win in a targeted market with a differentiated BAND-IT solution included a business case for the investment.
Define product vision and roadmap for the targeted market with clarify on feasibility, time, cost and impact.
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 target customers for new application and/or product and a value sell approach to win the business.
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.
Identify targets for revenue, margin, and investment.
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.
Be decisive on whether a concept continues to the next phase of the product innovation lifecycle or is killed based on the ability to deliver the financials of the business case.
Continuously rebalance product / service features which maximize value and minimize effort to focus on the highest -returning initiatives
Develop a channel strategy to optimize profitability and market share for the solution based on understanding decision makers and influencers in the purchase process.
Understand BAND-IT’s current go to market strategy in that market, if one exists, and develop channel conflict mitigation strategies if the optimal route to market is different.
Lead the marketing plan to launch the solution with the goal of awareness, lead generation, and ultimately revenue growth.
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
Critical thinking skills with the ability to identify the key aspects of a winning strategy
Identify disruptive market trends with ability to develop strategies to capitalize on the changing market
Ability to innovate new ideas and bring them to fruition
Desire and ability for problem solving, team working, continual improvement and continued learning.
Work collaboratively with operations, commercial, engineering and the senior leadership team to ensure objectives are met
Excellent verbal and written communication skills.
Experience within the telecommunication industry is preferred
EDUCATION AND EXPERIENCE:
Bachelor’s degree in related area (marketing, business, engineering). MBA preferred
5+ years product management, marketing, or business development experience, with increasing responsibility in a manufacturing or industrial environment
5 years experience leading the development of new products or solutions
2 years experience working with value based pricing strategies. Pricing analysis/models
International experience will be considered a plus
Pay rate: 110,000- 150,000
Bonus: This position may be eligible for company discretionary bonus
Our comprehensive U.S. benefit offerings include: Health benefits, 401(k) retirement savings program with company match, etc. and at least 80 hours of vacation, as well as holiday, personal and sick time.
More information on our benefits and rewards can be found on our career page: https://www.idexcorp.com/careers/our-benefit-and-rewards/
IDEX is an equal opportunity employer Minorities/Women/Protected Veterans/Disabled
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).
IDEX (NYSE: IEX) is a company that has undoubtedly touched your life in some way. In fact, IDEX businesses make thousands of products that are mission-critical components in everyday activities. Chances are the car you’re driving has a BAND-IT® clamp holding your side airbag safely in place. If you were ever in a car accident, a Hurst Jaws of Life® rescue tool may have saved your life. If you or a family member is battling cancer, your doctor may have tested your DNA in a quest to find the best targeted medicine for you. It’s likely your DNA test was run on equipment that contains components made by our growing IDEX Health & Science team.