Hybrid Senior Product Manager, Home Décor Innovations

Lifetime Brands, Inc.; Medford (MA); Hybrid; USD 120,000 - 170,000; Full time

Benefits offered by this job

Medical/Dental/Vision plans

Flexible Spending Accounts

Disability insurance

401K plan

Paid time off

Job summary

Lifetime Brands, Inc. in Medford, MA is seeking a Senior Product Manager for the Home Decor Division. This role leads the development of innovative products, from concept through launch, with a focus on profitability and consumer resonance.

The Senior PM mentors Assistant and Category Managers and collaborates across functions to meet timelines and budgets. The position is hybrid with required office days in Medford.

Qualifications

• 5–7 years in the field or in a related area.
• Sourcing experience required.
• Experience with SAP and/or PDS; ability to work independently in a fast-paced environment.
• Knowledge of gross margin calculation and its requirements in our business.
• Excellent communication and interpersonal skills; retail industry knowledge.

Responsibilities

• Owns sales and gross margin dollars for the category.
• Develops innovative concepts, pricing, packaging and presentation ideas.
• Focuses on end consumer needs to ensure market resonance.
• Collaborates with retailers and internal teams to ensure timely launches.
• Mentors Assistant Category Managers/Category Managers.
• Leads product lifecycle from conception to launch.

Skills

Sourcing experience

SAP/PDS

Gross margin

Independent worker

Tools

SAP

PDS

Job description

The Home Decor Division is looking for a Sr. Product Manager to join their Medford, MA team. In this role, the Sr Product Manager will be responsible for developing unique, innovative and successful new products. This extends from increasing profitability of existing products to developing new products for the company. This includes spending time in the market to understand current problems and then find innovative solutions for the broader market. It is also required that each Sr. Product Managers become proficient in their areas of responsibility. Candidates must have firsthand knowledge of how products perform based upon their own use and familiarity with the product. The Senior Product Manager will serve as a mentor to Assistant Category Managers and/or Category Managers in the company.

This is a hybrid role with required office days in our Medford , MA location

Essential Job Functions

• Responsible for the sales and gross margin dollars of the individual category. Gross margin percent must be maintained or grown during the course of the year.

• Provide innovation through the development of new concepts, procedures, price-points, packaging and presentation ideas.

• Focus on the end consumer first to ensure products resonate with the target customer.

• Familiar with all levels and types of retailers including, traditional “Brick and Mortar” as well as internet and mail order catalog merchants.

• Provide direct support to the retailer in regards to packaging, presentations and execution, coupled with programs and products innovative enough to deliver better margins for all involved while ensuring placement and support of product(s).

• Understand and facilitate the supplier’s needs for accurate and timely information concerning product design, packaging, samples, regulatory requirements, production requirements and shipping dates.

• Develop an understanding of the production process and materials used in order to improve comprehension of how goods are manufactured.

• Participate in the re-engineering of products to hit key price points.

• Ensure the on-time delivery of all new programs by calculations of raw material availability, production time, inspection time, packaging, shipping and customs requirements.

• Maintain inventory at acceptable levels, as directed by the Division President. Includes the monitoring of forecasts from the sales force and identification of discontinued and overstock quantities on a monthly basis.

• Visit stores on a regular basis to remain up to date on what competitors are doing and to increase knowledge regarding competitive factors relative to newness, uniqueness and creativity.

• Requires overseas travel to factories, based on business need, in order to become familiar with the materials and production methods used by our suppliers within the category.

• Lead the collaboration with internal departments to ensure timelines are on track and relevant information is provided within a timely matter.

• Coach and develop Assistant Category Managers/Category Managers to ensure they have an understanding of the requirements of the next level position.

• Drive the entire product lifecycle from conception, requirements, gathering and design, development, testing through launch.

Requirements

• Bachelor’s degree preferred

• 5 – 7 years in the field or in a related area

• Sourcing experience required

• Experience with SAP and/or PDS. Ability to work independently in a fast-paced environment.

• Knowledge of gross margin calculation and its requirements in our business.

• Excellent communication and interpersonal skills. Ability to manage time in an efficient manner and prioritize effectively. Strong understanding of the retail industry.