Product Manager (Electrical Interconnect Industry-Medical & Industrial)

Meritec Inc.; Painesville (OH); On-site; USD 90,000 - 120,000; Full time

Benefits offered by this job

Healthcare benefits

Fully paid life insurance

401(k) employer match

Tuition Reimbursement

On-Site Fitness Center

Paid Vacation and Paid Holidays

Tuition Reimbursement

Growth and Development Opportunities

Positive culture of diversity, equity,

Job summary

A leading interconnect technology firm in Painesville, Ohio, is seeking an experienced Product Manager. This full-time position involves maximizing revenue for product categories through effective product planning and execution. The successful candidate will conduct market analysis, collaborate with various departments, and ensure alignment with the company's goals. Key skills include a strong understanding of electronic hardware development, CRM software experience, and excellent communication. The company offers competitive benefits, including healthcare and a 401(k) match.

Qualifications

• Experience in managing product lines is a plus.
• Ability to meet ITAR requirements of US citizenship or US permanent residence.
• Ability to develop accurate costs and understand challenges within BOM.
• Experience handling electronic hardware programs.
• Experience interfacing with OEMs as a supplier.
• Experience managing product lines is a plus.
• Experience using data analysis tools.
• Proficient in Microsoft Office.
• ITAR compliance: US citizenship or permanent residence required.

Responsibilities

• Maximize revenue and gross margin for product categories.
• Conduct market research and analysis.
• Collaborate with various departments to execute product plans.
• Create and manage product requirements, BOMs, and price lists in Salesforce.
• Establish annual product forecasts and ensure top/bottom-line objectives.
• Lead cross-functional teams to execute stage-gate processes and projects.
• Develop product presentations and materials for stakeholders.

Skills

Defining and launching products

Understanding of electronic hardware development

Team collaboration

Analytic and strategic thinking

Communication skills

CRM software experience

Attention to detail

Cross-functional collaboration

Communication

Project management

Education

Bachelor's degree in a relevant field

Experience in electrical interconnect industry

Experience with electronic hardware programs

Customer interfacing with an OEM

Product line management experience

Data analysis tools experience

Microsoft Office

ITAR compliance (US citizenship or permanent residence)

Tools

Salesforce

Microsoft Office

Job description

Description

Meritec is seeking talented team players in our Painesville, Ohio facility who are committed to pushing the boundaries of interconnect technology performance and innovation. Join us and connect your career to the future.

Job Summary

The Product Manager is primarily responsible for maximizing revenue and gross margin for their respective product categories by ensuring we have the right products for the markets and geographies we serve. The PM is responsible for product planning and execution throughout the Product Lifecycle, including gathering and prioritizing product and market/customer requirements, and defining the product vision. Then working closely with sales channels, marketing, engineering, and support to ensure customer satisfaction goals are met while maintaining revenue goals. Ensure product alignment with the company's overall strategy and goals.

This position is full-time, on-site in Painesville, Ohio, Monday through Friday, 8:00 a.m. through 5:00 p.m.

Duties and Responsibilities

• Own and enhance profitability of their assigned products while ensuring product strategies are aligned with company strategies.
  • Conduct market research and analysis to understand the competitive landscape and market trends.
  • Work with Sales Channels to determine best solutions and ensure customer satisfaction.
  • Estimate the labor necessary and understand sequential processes required to manufacture a product.
  • Understand customer product and technology roadmap to determine if new products are required.
  • Maintain appropriate price lists, quotation database, and NBO log in Salesforce.
• Oversee and manage product line life cycles to maximize revenue and gross margin while anticipating potential problems that affect product success and market adoption.
  • Work closely with customers, sales dept, external sales reps and engineering to create product requirements and ensure product goals are met.
  • Collaborate with operations, engineering, marketing, sales, quality, procurement, customer service and finance to develop and execute product plans using stage gate process and project tracking.
  • Propose product investments and proactively work to resolve product issues.
  • Identify opportunities to innovate and improve products.
  • Break customer drawings down into bills of materials.
  • Ensure timely and applicable price increases, manage customer price books accordingly.
  • Establish the annual product forecast and maintain accountability for meeting top and bottom-line objectives.
  • Create and maintain product presentations for various lines and capabilities.

Required Skills/Abilities

• Demonstrated success defining, acquiring, developing, and launching products.
• Strong understanding of business within the appropriate marketplace.
• Good understanding of electronic hardware development and manufacturing processes.
• Ability to review schematics and mechanical drawings to ensure product requirements are met.
• Team player and strong contributor to positive team culture.
• Experience with Sales Force or other applicable CRM Software.
• Ability to develop accurate costs and understand challenges within BOM / product.
• Business skills including P&L, business case strategy, and SWOT analysis.
• Ability to manage multiple products successfully.
• Excellent attention to detail and organizational skills, strong analytic and strategic thinking skills.
• Excellent presentation, interpersonal and communication skills.
• Process oriented with ability to think and work independently.
• Initiative to develop and advance skillset and knowledge within this position.

Education & Experience

• Bachelor's degree in a relevant field or equivalent experience.
• Previous experience within the electrical interconnect industry.
• Previous experience in handling electronic hardware related programs.
• Previous experience in customer interfacing with an OEM as a supplier.
• Previous experience managing product lines a plus.
• Previous experience using tools to analyze product data.
• Microsoft Office Skills required.
• Ability to meet ITAR requirements of US citizenship or US permanent residence.

Physical Requirements

• Frequent standing, walking, sitting, speaking, and reaching with hands and arms.
• Hands to finger coordination.
• Occasional lifting and/or move up to 25 pounds.
• Specific vision abilities include close vision, color vision, depth perception, and ability to adjust focus.

Benefits

• Healthcare benefits
• Fully paid life insurance
• Health Savings Account with company contribution
• 401(k) employer match
• On-Site Fitness Center
• Paid Vacation and Paid Holidays
• Tuition Reimbursement
• Growth and Development Opportunities
• Positive culture of diversity, equity, and inclusion

All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, national origin, age, work related mental or physical disability, veteran status, sexual orientation, gender identity, or genetic information.

Please note this job description is not designed to cover or contain a comprehensive listing of activities, duties or responsibilities that are required of the employee for this job. Duties, responsibilities, and activities may change at any time with or without notice.