Product Manager - Terminal Products
Job Summary:
We have a very exciting opportunity for a Product Manager for the Terminal Products Portfolio to join our team. You will be responsible for supporting the terminal products strategies/roadmaps, managing the products throughout their lifecycle, gathering and prioritizing product and customer requirements, defining product vision, and working closely with cross-functional teams to deliver growth. You will also work with Sales, Marketing and Product Support to ensure revenue and customer satisfaction goals are met. The Product Manager’s role also includes ensuring that the product and marketing efforts support the company’s overall strategy and goals. Your analytical skills will allow you to make decisions around the product lines to accelerate profitable growth. You will be fully responsible for – and accountable to – meeting or exceeding Trane Technologies’ revenue growth targets, maintaining or growing market share, while expanding margin.
Thrive at work and at home:
· Benefits kick in on DAY ONE for you and your family, including health insurance and holistic wellness programs that include generous incentives – WE DARE TO CARE!
· Family building benefits include fertility coverage and adoption/surrogacy assistance.
· 401K match up to 6%, plus an additional 2% core contribution = up to 8% company contribution.
· Paid time off, including in support of volunteer and parental leave needs.
· Educational and training opportunities through company programs along with tuition assistance and student debt support.
· Learn more about our benefits here!
Where is the work:
This position is eligible for a Remote work schedule.
Responsibilities:
- Align Product Growth Team (PGT) around shared vision and drive winning culture throughout the team
- Ensure PGT is using standard work for strategy, in-line management, TLME and GDLO
- Product Life-Cycle Management-Understanding of how products move through their lifecycle and how to maximize margin at each stage
- Product and Process Requirements – Capable of developing requirements for new products and processes utilized to rapidly grow market share and expand margins
- Sales and Marketing — Knowledge of principles and methods for showing, promoting, and selling products or services. This includes marketing strategy and tactics, product demonstration, sales techniques, and sales control systems.
- Customer and Channel Strategy – Capable of analyzing end user and channel segments to identify and target the most profitable segments
- Pricing Strategy- Determine pricing objectives, policies and strategies. Review competitor data to assess correctness of pricing. Ensure that the pricing strategy balances the need to increase market share and maximize profit margins. Review and assess prices continually to ensure they are competitive, profitable, and consistent. Ensure that the pricing strategy is consistent with the business strategy
- Finance and Cost Accounting — Knowledge of finance and accounting principles and practices, and the analysis and reporting of financial data
- Data Analysis — Knowledge of statistics, and its applications to analyzing data
- Business Acumen — Knowledge of principles of business strategy and execution including product/portfolio management strategies, supply chain management and financial indicators
- Communications and Media — Knowledge of media production, communication, and dissemination techniques and methods. This includes alternative ways to inform and entertain via written, oral, and visual media
- Internal Systems Support – Capable of supporting internal systems and tools utilized in the sales and promotion of products
- Manufacturing Knowledge-Understanding of manufacturing processes that impact product availability, quality and profitability
- Financial Knowledge-Understand product full stream financial metrics and levers to quickly identify areas of concern and develop necessary actions to maintain product profitability
Qualifications:
- BS Engineering, Business, or other related technical degree
- MBA preferred
- A minimum of 5 years of experience in Product Management or 6+ years in closely related roles
- Experience in the HVAC industry and Lean experience preferred
- Strong analytical skills
Base Compensation Range is $120,000 - $180,000.
Disclaimer: This base salary range is based on US national averages. Actual base pay could be a result of seniority, merit, geographic location where the work is performed.