Product Manager

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

As a Product Manager at Moen, you'll be the go-to expert for our shower product line, focusing on major retailers. You'll manage the entire product lifecycle, from strategic planning and market analysis to product launches and discontinuations. Your role will involve collaborating with various teams to develop and execute a 3-year product plan, drive revenue and margin through pricing strategies, and ensure our products align with brand objectives. You'll also provide critical input for situation analysis, lead cross-functional product development teams, and partner with Channel Marketing to establish go-to-market strategies.

We're looking for someone with a Bachelor's degree in Marketing, Business, or a related field, ideally with an MBA. You should have at least five years of product management experience, preferably in the consumer/durable goods industry. Strong analytical skills, teamwork abilities, and excellent communication skills are essential. Proficiency in Excel, PowerPoint, Word, and SAP is required. You should also be ready to travel approximately 15%, mainly to customer locations.

This role is designated as a hybrid role which includes working at least 3 days per week in office (Tuesdays, Wednesdays, Thursdays) to foster better collaboration, connection, and innovation.

Key Responsibilities

• Provide critical input to situation analysis for assigned product portfolio as part of the annual strategic planning process.
• With approval from the Group Product Manager, provide pricing for assigned product portfolio driving revenue and margin contribution to achieve P&L objectives.
• Define market segment priorities and partner with Channel Marketing establish Go To Market strategies and plans to achieve P&L objectives.
• Develop and execute on 3-year product plan conducting ongoing analysis to align timing and resources.
  • Partner with Global Product Development on product plan execution.
  • Lead cross-functional product development teams and provide marketing leadership at tollgates
  • Provide direction on value proposition, unique selling proposition, price, margin and supply for new product development
• Own product lifecycle management for assigned product portfolio, including all product launches and plans for discontinued product.
• Partner with Innovation on the definition and scoping of projects. Ensure alignment with brand and SBU objectives.
• Develop product training content to be delivered internally (to Sales team) and externally (to customers) by Channel Marketing.
• Partner with Marketing Services/Digital to develop 2D, 3D and digital product collateral.
• Partner with Global Brand Marketing to ensure alignment of product with brand plan.
• May manage a Marketing intern.

Qualifications

• Bachelor's degree in Marketing, Business or a related field is required; MBA is preferred.
• Minimum of 5 years of product management experience is required. Prior consumer/durable goods experience is preferred.
• 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
• Demonstrated verbal, written and presentation skills
• Advanced computer skills (Excel, PowerPoint, Word, SAP)
• Ability to travel approximately 15%, mainly to 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: $90,000 USD - $143,000 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 fbinleave.fbhs@fbin.com 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.