Product Manager

Location: Town of Wausau
Product Manager page is loaded## Product Manager remote type:
On-site locations:
Wausau Wisconsin time type:
Full time posted on:
Posted 30+ Days Agojob requisition :
R25 00282
* Since 1913, Marathon Electric has been dedicated to providing customers with quality motors and generators for targeted applications. Marathon Electric became part of WEG Group in 2024. Founded in 1961, WEG is a global electric-electronic equipment company, operating mainly in the capital goods sector with solutions in electric machines, automation and paints for several sectors, including infrastructure, steel, pulp and paper, oil and gas, mining, among many others.

WEG stands out in innovation by constantly developing solutions to meet the major trends in energy efficiency, renewable energy and electric mobility. With manufacturing units in 12 countries and present in more than 135 countries, WEG has more than 40,000 employees worldwide.
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* About the role:

** In this role, the Product Manager will be responsible for leading and developing product line P&L throughout the product life cycle and developing the strategy for growth and margin improvement, in support of the Business Strategy and Objectives.
They will be responsible for the VOC, market analysis, pricing, cost reduction programs and the new product commercialization.

The Product Manager position is a key role in the organization with the ability to influence major stakeholders in the business (Sales, Engineering, Operations, Finance and Business Leaders) without direct authority through influential leadership by understanding markets, competitors, customer needs, product and applications expertise. The person is responsible to develop & manage a product line roadmap that will identify product innovation activities and decisions to enable sustainable differentiation and meet revenue and profit targets for the product line.

The Product Manager is also responsible for providing regular communication, support and training to sales and service teams/distributors.
** Major Responsibilities:
*** Manage the P&L of the product group, including developing and implementing margin and sales improvement projects and working with the plant managers to ensure cost out initiatives are implemented.
* Manage the entire life cycle of the defined product line within the business from planning, product definition, tactical launch activities and end of life including communication and setting of expectations with customers.
* Operate as the internal voice of our customers across development teams through an understanding of market requirements, product definition, training and launch activities.
* Determine customers' needs and desires by conducting VOC using a structured approach
* Research and assess Market Sizing, Profitability, CAGR and key trends relevant to our Business Unit through research, VOC and seeking input from key internal stakeholders
* Recommend areas of focus (grow, observe, maintain and exit Market Segments, Geographies, Products) to support the businesses strategic financial goals
* Assess the competitive landscape by comparing the company's product to competitors' products
* Determine strategic product pricing by utilizing market research data, reviewing production and sales costs, anticipating volume and cost special and customized orders
* Recommend the nature and scope of present and future product lines by establishing product specifications and requirements that ensure a strong and clear value proposition & a strong business case for the product by customer segment.
* Develop value proposition, core messaging and positioning for the defined product line(s).
* Work with the Marketing Team to create and maintain marketing plans, advertising and sales tools including brochures, product descriptions, web content, etc.
* Set pricing and general sales policy for the product line(s).
* Assist Customer Service and Sales teams with technical and customer support.
* Interface with internal departments including R&D, engineering, sales, marketing and support teams to ensure revenue and customer satisfaction goals are achieved
** Education / Experience /

Skills:

**** Required
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* Education:…