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Product Development Manager Jobs in Elgin, IL (NOW HIRING)

PLS

Senior Product Development Manager

Chicago, IL · On-site

The Senior Product Development Manager is responsible for identifying, evaluating, developing, and launching new product opportunities that drive strategic growth for the organization. As a member of ...

gpac

Product Development Manager - Collagen

Chicago, IL · On-site

$110K - $150K/yr

Gpac is seeking a Product Development Manager for a client that is an innovative and fast-growing leader in collagen-based pet products . In this role, you will lead the end-to-end development of new ...

New

PLS

Senior Product Development Manager

Chicago, IL · On-site

The Senior Product Development Manager is responsible for identifying, evaluating, developing, and launching new product opportunities that drive strategic growth for the organization. As a member of ...

Kraft Heinz Company

Manager, R&D - Product Dev

Glenview, IL · On-site

$112K - $141K/yr

R&D Manager, Away from Home and KHI Product Development The R&D Manager, Away From Home and KHI Product Development leads product development across medium- to high-complexity projects for the Away ...

Kraft Heinz Company

Manager, R&D - Product Dev

Glenview, IL · On-site

$112K - $141K/yr

R&D Manager, Cream Cheese Product Development The R&D Manager, Cream Cheese Product Development leads product development across medium- to high-complexity projects for the Philadelphia business ...

Humetis Group

Product Development Scientist

Chicago, IL · On-site

Serve as a technical steward of brand standards, contributing to product innovation, renovation, and change management initiatives. * Collaborate cross-functionally with R&D, Quality, Manufacturing ...

ITW

New Product Development Engineering Manager

Glenview, IL · On-site

$111K - $139K/yr

Why This Role Matters The New Product Development Engineering Manager at ITW Mechanical Fastening, a division of ITW, plays a critical role in shaping the future of some of the construction industry ...

ITW

Product Development Engineer

Glenview, IL

Working closely with Product Management, Manufacturing Engineering, Quality Engineering, Operations ... Lead product development projects through ITW's New Product Development process from concept ...

Amphenol HSIO

Product Development Engineer

Schaumburg, IL · On-site

$100K - $150K/yr

Product Development Engineer Location: Schaumburg, IL Amphenol High Speed Products Group is the ... Manage the resolution of first article inspections. * Work closely with NPI and manufacturing ...

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Product Development Manager information

See Elgin, IL salary details

$42K

$125.5K

$142.8K

How much do product development manager jobs pay per year?

As of Sep 15, 2026, the average yearly pay for product development manager in Elgin, IL is $125,528.00, according to ZipRecruiter salary data. Most workers in this role earn between $113,200.00 and $141,400.00 per year, depending on experience, location, and employer.

What is a product development manager?

A Product Development Manager is a professional responsible for overseeing the process of creating new products or improving existing ones within a company. They coordinate cross-functional teams, manage timelines, and ensure that products meet market needs and business objectives. Their role often includes market research, product design, testing, and working closely with marketing, engineering, and sales teams to bring products to market successfully.

What does a product development manager do?

A product development manager helps a company design new goods and merchandise to increase sales and revenue. As a product development manager, you collaborate with market research and product marketing managers to form development and marketing strategy around new product ideas. You also work with teams in the product development and marketing departments to implement strategies and design new goods or services. You oversee quality assurance testing to ensure that the end user is satisfied with the products your company creates.

What are the key skills and qualifications needed to thrive as a product development manager, and why are they important?

To thrive as a Product Development Manager, you need expertise in project management, market analysis, and product lifecycle strategies, usually supported by a degree in business, engineering, or a related field. Familiarity with tools like Agile methodologies, product management software (e.g., Jira, Trello), and certifications such as PMP or Scrum Master are highly beneficial. Strong leadership, communication, and problem-solving skills help you motivate teams and navigate cross-functional collaboration. These competencies are crucial for driving innovation, meeting market demands, and ensuring successful product launches.

What are some common challenges a product development manager might face when balancing stakeholder expectations and project timelines?

A Product Development Manager often navigates the challenge of balancing diverse stakeholder expectations with realistic project timelines. Stakeholders, such as marketing, sales, and engineering teams, may have differing priorities or urgency, which can lead to conflicting demands. Effective communication, setting clear project milestones, and regularly updating all parties are essential strategies. Additionally, managing scope creep and ensuring alignment on product vision help prevent delays and maintain focus on deliverables.

What is the difference between Product Development Manager vs Product Manager?

AspectProduct Development ManagerProduct Manager
Primary FocusOversees the development process, managing teams and technical aspectsDefines product vision, strategy, and manages the product lifecycle
Required SkillsTechnical knowledge, project management, team leadershipMarket research, user experience, strategic planning
Work EnvironmentCollaborates with engineering, design, and production teamsWorks closely with marketing, sales, and customer feedback

While both roles are integral to product success, the Product Development Manager primarily focuses on managing the development process and technical teams, whereas the Product Manager concentrates on defining the product vision and strategy. Understanding these distinctions helps organizations assign the right responsibilities and professionals to each role.

Is product development manager a 9-5 job?

Product development managers often work standard business hours, but their schedule can extend beyond 9-5 depending on project deadlines, meetings, and company needs. They may need to be flexible, especially during product launches or critical phases, and often collaborate with cross-functional teams across different time zones.
More about Product Development Manager jobs

What are the most commonly searched types of Product Development jobs in Elgin, IL?

The most popular types of Product Development jobs in Elgin, IL are:

What job categories do people searching Product Development Manager jobs in Elgin, IL look for?

The top searched job categories for Product Development Manager jobs in Elgin, IL are:

What cities near Elgin, IL are hiring for Product Development Manager jobs?

Cities near Elgin, IL with the most Product Development Manager job openings:

Product Development Manager jobs near you
Infographic showing various Product Development Manager job openings in Elgin, IL as of September 2026, with employment types broken down into 1% Internship, 1% As Needed, 80% Full Time, 16% Part Time, and 2% Contract. Highlights an 86% Physical, 3% Hybrid, and 11% Remote job distribution, with an average salary of $125,528 per year, or $60.4 per hour.

Senior Product Development Manager

Chicago, IL • On-site

PLS
Professional, Scientific, and Technical Services • 201 - 500 employees
Learn more about PLSexternal

Full-time

Medical, Dental, Vision, Retirement, PTO

Re-posted 8 days ago

Key responsibilities

  • Identify, evaluate, and develop new product, service, and customer experience opportunities that align with strategic business objectives.

  • Lead customer discovery efforts, market research, competitive analysis, and concept testing to validate new product ideas.

  • Partner with cross-functional teams to assess implementation requirements, transition concepts into development, and support go-to-market activities.

Job description

This job is located at 1 S. Wacker Dr., Chicago, IL, 60606
PLS® Overview:
Why PLS? Because You Deserve Better!® PLS - which stands for People - Location - Service - is a leading retail provider of financial services. The "P" comes first, because our customers are at the center of everything we do, and we recognize that it's our exceptional team members who go above and beyond every day. The PLS Group, headquartered in Chicago, is comprised of over 200 financial service centers in 12 states. Through our check cashing stores, we provide consumers with convenient financial products and services to help them manage their day-to-day financial needs. Although many of our customers have banking relationships, we believe that our customers use our financial services because they are convenient, transparent, and frequently more affordable than available traditional alternatives. PLS was founded in 1997 by Bob and Dan Wolfberg, who serve as Co-Presidents.
Position Overview:
The Senior Product Development Manager is responsible for identifying, evaluating, developing, and launching new product opportunities that drive strategic growth for the organization. As a member of the Product organization, this role leads the early stages of innovation by uncovering customer needs, assessing market opportunities, building business cases, and validating new product concepts before they move into full-scale development and commercialization.
This role serves as a catalyst for growth, partnering across our Product, Marketing, Operations, Technology, Finance, and Legal teams to evaluate opportunities through the lenses of desirability, feasibility, and viability. The Senior Product Development Manager will own a portfolio of innovation initiatives and guide concepts from initial idea through launch readiness.
Job Responsibilities:
  • Identify and evaluate new product, service, and customer experience opportunities that align with our strategic business objectives.
  • Monitor industry trends, market dynamics, competitive activity, emerging technologies, and customer needs to uncover growth opportunities.
  • Develop and maintain a pipeline of innovation concepts and new product opportunities.
  • Facilitate ideation sessions and cross-functional workshops to generate and refine new concepts.
  • Lead customer discovery efforts to understand unmet needs, pain points, and opportunities for differentiation.
  • Conduct market research, competitive analysis, customer interviews, and concept testing.
  • Develop customer personas, value propositions, and problem statements to support product development.
  • Validate assumptions and gather evidence to support investment decisions.
  • Build comprehensive business cases for new product opportunities, including market sizing, revenue projections, cost estimates, pricing strategies, and profitability analyses.
  • Assess risks, dependencies, investment requirements, and potential returns.
  • Develop recommendations and present findings to Product leadership and executive stakeholders.
  • Establish success metrics and measurement frameworks for proposed initiatives.
  • Lead the evaluation of new opportunities using a structured innovation framework.
  • Design and execute pilots, prototypes, proof-of-concepts, and validation activities.
  • Partner with our Operations, Technology, Legal, Compliance, and Finance teams, as well as other stakeholders to assess implementation requirements and risks
  • Collaborate with Product Managers and delivery teams to transition validated concepts into development and launch.
  • Support go-to-market planning, including positioning, pricing, sales enablement, training, and launch readiness activities.
  • Track product performance post-launch and identify opportunities for optimization and growth.
  • Ensure learnings are captured and incorporated into future innovation efforts.
  • Lead and influence cross-functional teams without direct reporting authority.
  • Drive alignment among stakeholders and facilitate decision-making throughout the product innovation lifecycle.
  • Promote a customer-centric and data-driven approach to innovation across the organization.
  • Support the development and continuous improvement of innovation processes, frameworks, and best practices.

Job Requirements:
  • Bachelor's degree required in one of the following preferred disciplines: Business Administration, Marketing, Finance, Engineering, or Computer Science
  • 10+ years of experience managing products, product development, and managing products within financial services
  • Experience leading product development end to end
  • Distinctive problem solving, organizational, and analytical skills with the ability to evolve strategy based on research, data, and industry trends
  • Development of key metrics to analyze product data for revenue analysis and future projections
  • Exceptional presentation and communication skills
  • Proven problem-solver with the ability to leverage analytics and consumer knowledge to identify opportunities
  • Strong critical thinking skills with a deep understanding of customer needs and the market landscape
  • Exceptional customer focus with the ability to utilize customer insights and feedback to drive decisions
  • Must be a collaborator who challenges ideas not people
  • Work well with ambiguity and changing/shifting priorities

Working Conditions and Physical Requirements:
  • This role requires regular in-person collaboration with team members at our Chicago Support Center.
  • Must be able to sit and/or stand for extended periods
  • Must be able to lift up to 15 lbs. with little assistance

Benefits:
Benefits for eligible team members include medical/dental/vision, 401(k), vacation, opportunities for advancement, and ongoing training.
We strive to demonstrate our Core Values in all positions at PLS:
Communication • Customer Focus • Integrity and Trust • Teamwork • Results
PLS is an Equal Employment Opportunity Employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, age, sexual orientation, gender identity, national origin, disability, marital status, protected veteran status, or any other characteristic protected by law. PLS is a drug-free workplace. PLS provides reasonable accommodations to applicants with disabilities. If you need a reasonable accommodation for any part of the application and hiring process, please notify your Recruiter or a member of our Human Resources team at talentacquisition@pls247.com to make arrangements. The decision on granting accommodation will be made on a case-by-case basis.
For jobs located in the City of Los Angeles, consistent with the requirements of the Fair Chance Initiative for Hiring Ordinance, qualified applicants with criminal histories will be considered for employment
Illinois Pay Band
$145,000-$157,000 USD
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About PLS

Sourced by ZipRecruiter

Industry

Professional, scientific, and technical services

Company size

201 - 500 Employees

Headquarters location

Houston, TX, US

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