Director Of Product Development Jobs in Indiana (NOW HIRING)

SCOPE OF LEADERSHIP ROLE

Reporting to the Senior Director of Product Management for the Clutch & Brake Division, part of the Industrial Powertrain Solutions Segment, the Director of Product Management is a vital and critical role in determining the overall health of the business. A successful Director of Product management plans, organizes, and manages assigned product lines throughout product life cycles, including new product development, to optimize profitability while meeting the changing marketing, financial, and business growth objectives.

The Clutch & Brake Division's Overrunning & Torque Limiter product lines represents approximately $100M in revenue and includes the Formsprag, Marland, and Stieber brands. This product family will play a critical role in the Clutch & Brake Division's strategic initiatives in Aerospace. The Overrunning & Torque Limiter product line also serves the metals, mining, and power transmission equipment markets.

This position requires close collaboration with cross-functional teams including product development, sales, marketing, and operations. The ideal candidate is a team player who operates with a global view, can exercise leadership without managerial authority, and is able thrive in a dynamic, fast-paced environment. This position is also responsible for driving activities and decisions focused on maintaining a high level of customer satisfaction and growing market share.

The Director of Product Management will be responsible for managing an established team that possesses the ability to operate globally, without limitation to existing geographies, manufacturing sites, markets, and brands. As a team, the group will be responsible for the implementation and development of critical Regal Rexnord tools and frameworks that include 80/20 and Product Line Simplification (PLS).

KEY RESPONSIBILITIES

• Manage the entire life cycle of all product lines within the business from strategic planning, product definition, tactical launch activities and end of life.

• Operate as the internal voice of our customers across development teams, (primarily Engineering, Sales and Marketing) through an understanding of market requirements, product definition, training and launch activities.

• Develop and implement a cohesive short- and long-term product line roadmaps.

• Implement a robust product line simplification process that delivers cost savings.

• Coordinate and lead the on-going Innovation/VOC exercises. Combining this information with a business case analysis to define business requirements and the products value proposition.

• Define pricing and sales strategy/policies for all products within the business and drives these through the division.

• Maintain a high level of expertise in the competitive landscape including competitive product and pricing strategy.

• Collaborate with other segment and division Product Managers to develop effective divisional product line development opportunities.

• Analyze potential partner relationships that can either enhance current offerings or fill necessary gaps in offerings.

• Perform 80/20 analysis on products, customers and markets to identify opportunities for focus and growth.

• Leverage 80/20 and continuous improvement in all aspects of product management, decision making and actively participate in on-going projects team that maximize overall organizational effectiveness and efficiency.

• Assist Customer Service and Sales teams with technical and customer support.

• Interface with internal teams including R&D, engineering, sales, marketing and support teams to ensure revenue and customer satisfaction goals are achieved.

PROFESSIONAL EXPERIENCE/QUALIFICATIONS

To perform this job successfully, the candidate must hold a unique combination of skills and abilities. The ideal candidate will be a proven leader with in-depth industry experience, exceptional project management skills, and a true passion to win.

Minimum Requirements:

• Bachelor's/Master's degree in related Engineering field (MBA preferred but not required)

• 5+ years of commercial experience in marketing, product management and/or sales

• Proven people leadership competencies are required; direct people management experience is strongly desired

• Strong negotiation skills

• Ability to lead through influence without direct supervisory authority

• Drives execution and is results and action oriented

• Significant product management skills - manage multiple projects at one time while also meeting require deadlines. Delegate, set objectives and measure progress

• Capable of both strategic thinking and tactical execution

• Ability to work in a non-structured environment while maintaining personal accountability for achieving defined objectives

• Ability to communicate effectively with existing and prospective customers utilizing appropriate industry terms

• Comfortable in making difficult decisions

• Strong ability to network effectively internally and externally

Desired

• Hands-on experience with the 80/20 process and product line simplification

• Global experience

• Skills and experience around financial (and other metrics) analysis, associated with all aspects of a product

• Relevant industry experience

Travel: Global Travel (up to 50%) required

Restrictions imposed by federal export control laws may limit this job opportunity to candidates who are a 'U.S. Person', which includes U.S. citizens, U.S. nationals, U.S. permanent residents, individuals granted asylum in the United States, and refugees in the United States.

Expected Salary: $160,000- $188,000 annually.

Please note that compensation is based on a variety of factors when extending offer, including but not limited to, the role, responsibilities, candidate experience, education, qualifications, and business considerations.

#Li-Hybrid #Li-Remote

• Medical, Dental, Vision and Prescription Drug Coverage
• Spending accounts (HSA, Health Care FSA and Dependent Care FSA)
• Paid Time Off and Holidays
• 401k Retirement Plan with Matching Employer Contributions
• Life and Accidental Death & Dismemberment (AD&D) Insurance
• Paid Leaves
• Tuition Assistance

Regal Rexnord is a publicly held global industrial manufacturer with 30,000 associates around the world who help create a better tomorrow by providing sustainable solutions that power, transmit and control motion. The Company's electric motors and air moving subsystems provide the power to create motion. A portfolio of highly engineered power transmission components and subsystems efficiently transmits motion to power industrial applications. The Company's automation offering, comprised of controls, actuators, drives, and precision motors, controls motion in applications ranging from factory automation to precision control in surgical tools.

The Company's end markets benefit from meaningful secular demand tailwinds, and include factory automation, food & beverage, aerospace, medical, data center, warehouse, alternative energy, residential and commercial buildings, general industrial, construction, metals and mining, and agriculture.

Regal Rexnord is comprised of three operating segments: Industrial Powertrain Solutions, Power Efficiency Solutions, and Automation & Motion Control. Regal Rexnord has offices and manufacturing, sales and service facilities worldwide. For more information, including a copy of our Sustainability Report, visit RegalRexnord.com.

Regal Rexnord is an Equal Opportunity and Affirmative Action Employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex/gender, sexual orientation, gender identity, pregnancy, age, ancestry, national origin, genetic information, marital status, citizenship status (unless required by the applicable law or government contract), disability or protected veteran status or any other status or characteristic protected by law. Regal Rexnord is committed to a diverse and inclusive workforce. We are committed to building a team that represents diverse and inclusive backgrounds, perspectives, and skills. If you'd like to view a copy of the company's affirmative action plan for protected veterans/individuals with disabilities or policy statement, please email Recruiting@RegalRexnord.com.If you have a disability and you believe you need a reasonable accommodation in order to search for a job opening or to submit an online application, please e-mail Recruiting@RegalRexnord.com.

Equal Employment Opportunity Posters
Notification to Agencies: Please note that Regal Rexnord Corporation and its affiliates and subsidiaries ("Regal Rexnord") do not accept unsolicited resumes or calls from third-party recruiters or employment agencies. In the absence of a signed Master Service Agreement or similar contract and approval from HR to submit resumes for a specific requisition, Regal Rexnord will not consider or approve payment to any third-parties for hires made.