Product Manager

About ITT ITT is an industrial manufacturer of critical, engineered components that serve fast‑growing end markets in transportation, flow, energy, aerospace and defense. The company’s differentiation is sustained through a combination of several factors: execution, the quality of its leadership and our DNA as an engineering leader. We have a clear purpose as an organization: to provide our customers with cutting‑edge solutions to help solve their most critical needs. The company generated 2023 revenues of $3.3 billion and is comprised of three distinct segments: Motion Technologies ($1.5 B revenue) is a global leader in brake pads, shock absorbers and sealing solutions for the automotive and rail markets. Industrial Process ($1.1 B revenue) is a global leader in centrifugal and twin‑screw pumps for the chemical, energy, mining and industrial markets. Connect & Control Technologies ($0.7 B) is a niche player in harsh environment connectors and control components in critical applications for the aerospace, defense and industrial markets. ITT is headquartered in Stamford, Connecticut with over 10,000 employees in more than 35 countries and sales in approximately 125 countries. Position Summary ITT Control Technologies is a global engineering and manufacturing company with leading positions in the markets it serves. We design, develop and manufacture valves, actuators, pumps, switches, aircraft seat actuation systems for aerospace and various products for industrial applications and provide an ideal workplace environment in which to create a rewarding career. We are looking for team players with the talent and drive for excellence. We strive to create value for our employees by providing challenging workplace assignments. ITT Control Technologies offers an incredibly attractive benefits program. Our employees enjoy medical and dental coverage, 401(k) savings plan, life insurance protection, sickness and accident income protection, a generous vacation and holiday program, tuition reimbursement program, and a program that allows you to use tax‑free dollars to pay for many health care and dependent care expenses. The Product Manager will be responsible for the profitable growth of all assigned product lines and/or business portfolios. The individual will define and implement new product introduction (NPI) strategies, provide technical application assistance and product support to sales staff. The Product Manager will coordinate pricing and product rationalization activities, champion new products through ITT Value Based Product Development (VBPD) and perform product portfolio analysis through the Value Based Management (VBM) process. This position will facilitate communication between operations, engineering, sales and customer service as a primary customer interface and advocate to develop, communicate, and deploy Product Roadmaps. Essential Responsibilities Assume responsibility for assigned Product Management area, to include product planning and strategies. Manage portfolio and product roadmaps for assigned product group. Recommend, investigate, and document new product opportunities. Coordinate with SIOP Manager/Process in adjudicating and prioritizing demand and Engineering leadership to ensure resource supply is adequate to meet supply plan. Champion new products through the product development process, including opportunity prioritization, completion of activities and ensuring new product introductions occur per schedule. Conduct, coordinate and manage product launches, including support of Marketing Communications materials. Maintain direct contact with key customers, distributors and agents worldwide via an active travel agenda and participate in industry trade shows. Develop and maintain key business contacts within the industry. Assist with the development of technology roadmaps for the company and assist Engineering and Sales in converting these roadmaps into new concepts and product offerings. Develop and execute strategies to drive growth, retention and profitability and optimize market penetration. Proactively seek, identify and recommend potential teaming and acquisition targets, in conjunction with the leadership team. Remain cognizant of all pertinent competitive activities worldwide, including technical developments and market share data and perform competitive and market attractiveness analysis. Organize and manage sound proposal preparation, pricing establishment and quotation activities. Margin analysis, cost reduction, continuous improvement, customer management of production book of business within assigned product line or business unit. Prepare monthly and quarterly reports detailing the status of accounts, applications and revenue growth figures. Assist with advertising and sales promotion programs. Assists with Aerospace Controls participation in trade shows and other industry activities. Position Requirements Business Management or Engineering degree with 3 to 5 years of progressive experience in technical sales, proposal or business development, preferably in the aerospace manufacturing industry. Excellent communication skills combined with strong presentation skills. Proficient in Microsoft Office (Excel, Word, PPT). Experience with New Product Introduction (NPI) planning and implementation. Budgeting, scheduling and determining priorities based on needs of the business and customer. Proven ability to understand customer requests, assess and identify product opportunities to meet customer needs. Project management experience is a plus. Other Requirements This position requires use of information which is subject to the International Traffic in Arms Regulations (ITAR). All applicants must be U.S. persons within the meaning of ITAR. ITAR defines a U.S. person as a U.S. Citizen, U.S. Permanent Resident (Green Card Holder), Political Asylee or Refugee. Equal Pay Act Statement We aim to pay our ITTers fairly and competitively in the locations that they live and work. Pay‑for‑performance is a principle that we believe in, and employees are rewarded based not only on what they accomplish, but also on how they reflect ITT’s values. ITT offers a competitive salary and robust total rewards package, such as health insurance, 401(k), short and long‑term disability, paid time off, growth and developmental opportunities, and other incentive compensation programs. Specific benefits are dependent upon whether or not the position is part of a collective‑bargaining agreement. The salary offered to a candidate is based on several factors such as candidate experience and qualifications, location, as well as market and business considerations. Equal Pay Act Range Annual Salary range is $106,300 to $158,700 plus benefits and incentive plans. #J-18808-Ljbffr