Product Manager- Actuator

IMI plc

IMI plc is at the forefront of delivering motion and fluid control technologies that create a more sustainable world, improving the quality of life for our customers and communities and ultimately delivering our purpose of Breakthrough Engineering for a Better World.

Comprising of three specialist divisions: IMI Precision Engineering, IMI Critical Engineering, and IMI Hydronic Engineering, each is focused on collaborating with our customers to develop innovative solutions that solve their challenges and push the boundaries in our industry. Our “one big team” work fairly and effectively but most importantly together to ensure we maintain the foundations that have enabled IMI’s success through its 150-year heritage.

Role Overview

At IMI Precision Engineering, we’re proud to offer innovative products in the Norgren and Bimba lines that meet the needs of our customers. To help us maximize and continue to expand our offerings, we’re in search of an experienced product manager to drive the highest revenue product portfolio within the Industrial Automation business unit. The ideal candidate will own responsibility for the full product line P&L as well as have a keen eye for gaps in needs and an innovative mindset for filling them. This person should be extremely adept in data analytics with a proven ability to effectively manage the full lifecycle of a product, from conception to release to rationalization. We’re looking for a confident and technical leader who can guide cross-functional teams in the sustainment and creation of products that improve customer experience and achieve profitable growth.

Location: Hybrid- University Park, IL, or Rockford, IL

Key Responsibilities

• Hold responsibility for full P&L of actuator product line including both Norgren and Bimba branding
• Drive the execution of all processes in the product lifecycle, including product and market research, competitor analysis, planning, positioning, requirements, roadmap development, and product launch
• Translate product strategy into detailed requirements for prototyping and final development by engineering teams
• Create product strategy documents that describe business cases, high-level use cases, technical requirements, revenue, and ROI
• Analyze market data to develop sales strategies, and define product objectives for effective marketing communications
• Collaborate closely with engineering, production, marketing, and sales teams in the development, QA, and release of products, and balance resources to ensure success for the entire organization
• Develop product positioning, VAVE, and messaging that differentiates brands across primary market segments

Critical Competencies for Success:

• Drive the P&L Performance and customer experience for the product line(s)
• Monitor and support improvement of the operational performance of the product line(s) by working with supply chain, demand planning, scheduling/planning, engineering, and manufacturing.
• Create, manage, and document the entire product life cycle from strategic planning to tactical activities, including products manufactured within and outside of the region.
• Initiate, maintain and support the execution of product rationalization strategy and obsolescence projects.
• Establish and update product pricing guidance based on competitive product features, support, pricing, and other factors related to the overall competitive position of the market.
• Analyze returns, win/loss sales, and quoting data relating to the product line to identify opportunities for product offering optimization.
• Support development and implementation of the long-term product strategy and roadmap for specific product ranges, including coordinating roadmaps with the global Industrial Automation team.
• Collaborate with engineering on new product development initiatives (VAVE) through research and creation of project proposals and participating in engineering reviews and teardowns to identify requirements to address market needs.
• Build relationships with major accounts, Precision Engineering sector heads, business development managers, regional sales teams, key account managers, regional technical centers, regional and worldwide manufacturing sites for their respective products, private label suppliers, and product manager counterparts both in the US and in other regions of the world.
• Other duties as assigned

Expertise required

Education and Experience

• Bachelor’s degree (B.A. or B.S.) from an accredited college or university in engineering, business administration, marketing, or a related field. Advanced degree preferred.
• Minimum of 7 years of previous sales, engineering, or marketing experience. 5+ years of Product Management experience preferred.
• Domain expertise in pneumatic, electric, or motion control components. 5+ years of experience preferred.
• Understanding and exposure to operations, engineering, distribution, and supply chain
• Proven track record in a metrics-focused environment including weekly and monthly quarterly reporting and analysis.

Computers and Technology

Advanced skills in Microsoft Office Suite

Supervisory Responsibilities

This position has no supervisory responsibilities

Work Environment and Physical Demands

The work environment characteristics and physical demands described here are representative of those an employee encounters while performing the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform essential functions.

The office environment involves frequent standing, sitting, and walking. Daily administrative tasks require frequent use of eye, hand, and finger coordination for accurate typing, paperwork, and other tasks. The noise level in the work environment is usually quiet.

The employee must occasionally lift and/or move up to 10 pounds.

What IMI can offer you:

At IMI, one of our top priorities is to create an inclusive culture of health. We strive to remove barriers to care (whether that be physical or financial) and in doing so, we offer a choice for all your health and well-being needs.

See below for a general overview of our amazing perks and benefits:

• Multiple health plans to choose from: HMO, PPO and High Deductible Health Plans with a low-cost share
• Full suite of voluntary benefits to tap into, including but not limited to: Pet insurance, critical illness insurance, concierge services, legal insurance, commuter benefits (if applicable), and home & auto insurance.
• Employer contribution for Health Savings Account, and in many cases free virtual telemedicine, and teletherapy.
• Best-in-class 401K plan with zero vesting and up to 6% contribution matching.
• Mental Health and wellness programs to support you and your family.
• Short & long-term disability as well as basic life insurance at 2x your basic salary at no cost to the employee.
• Free financial advisors, webinars, and classes through Charles Schwab.

**Benefits plans change year over year, but we have guiding principles in place to ensure our employees have the tools and resources available to stay connected and up to date**

Health & Safety:

Employees are responsible for the Health, Safety, and Welfare of themselves, the environment, and other people. All employees must comply with HSE training and instructions, help to maintain a safe & clean working environment, and use any Personal Protective Equipment provided by the Company.

Employees must report any accidents, incidents, and near misses to management. Additionally, employees are expected to notify management of any dangerous or potentially dangerous situations or practices.

Additional information can be found on the IMI Global Intranet under Health & Safety.

inside HR.

Code of Ethics:

Norgren requires the highest standard of ethics in all business dealings, particularly with customers, suppliers, advisors, employees, and the authorities. In accordance with the IMI Way: Our Code of Responsible Business.

Changes to This Job Description:

Norgren may amend this job description in whole or part at any time.

Norgren is an equal-opportunity employer. Qualified applicants will be considered without regard to age, race, creed, color, national origin, ancestry, marital status, affectional or sexual orientation, gender identity or expression, disability, nationality, sex, or veteran status.

Norgren