Product Manager

at ITW in Hebron, Illinois, United States

Job Description

Founded in 1912, Illinois Tool Works Inc. (NYSE: ITW) is a diversified, Fortune 200 manufacturing company that delivers specialized expertise, innovative thinking, and value-added products to meet critical customer needs in a variety of industries. Ranked among Fortune’s Magazine’s most admired companies, the company focuses on solid growth, improving profitability and strong returns across its worldwide platforms and divisions. These divisions serve customers and markets around the globe, with a significant presence in developed as well as emerging markets. ITW’s revenues totaled $12.6 billion in 2020.

ITW Medical is comprised of two highly-respected medical product brands – Coeur & Filtertek – supplying medical devices anITW Medical is comprised of two strong medical product brands – Coeur and Filtertek – able to proactively meet the needs of customers in the marketplace. Coeur is a leading provider of disposable medical products used in diagnostic imaging and other medical procedures. The Filtertek product line is comprised of custom plastic insert molded filtration and flow control components for global OEM medical device customers. d components to global medical device brands. Filtertek manufactures molded filtration and flow control components. Coeur is a leading provider of disposable diagnostic imaging consumables.

The Product Manager will report to the Global Engineering & Innovation Director. This position will be responsible for the development of ITW Medical’s universal product pipeline through the Customer Back Innovation process.

Primary Responsibilities:

+ Identify areas of opportunity for ITW Medical within prioritized market segments that are a focus for the division.

+ Develop discovery interview guides, research plans and partner with cross functional teams to conduct customer interviews.

+ Attend customer meetings to support product development at customer locations.

+ Partner with Engineering & Innovation Director to identify innovative product concepts and present business cases for the prioritized opportunities.

+ Build product roadmaps for existing universal products and collaborate with the cross functional team to justify and deploy product line enhancements and extensions.

+ Create launch plans and quantified value proposition for product launches. Assist Sales team by building tools to sell our quantified value proposition.

+ Develop IP strategies for universal products and partner with legal counsel to deploy.

+ Build relationships with the ecosystem of suppliers, standards committees and customers to stay close to technological trends in the market, translate trends to product needs.

+ Ensure universal product compliance with applicable standards and regulations.

+ Leverage APQP stage gate process to ensure flawless project execution and facilitate seamless transition during Create/Develop stages.

+ Serve as divisional subject matter expert for market and pricing intelligence.

+ Suggest improvements to ITW Medical’s collateral, website, and other selling tools to improve early funnel prospecting.

+ Bachelor’s degree in Business, Marketing or Engineering. MBA preferred but not required.

+ Progressive work experience in Engineering and/or Marketing functions especially as related to new product development and introduction.

+ Medical device manufacturing or similar industry (regulated) experience preferred.

+ Strong financial acumen and strategic thinking skills, including experience working with and presenting to Executive leadership.

+ Ability to thrive and collaborate in a decentralized and entrepreneurial culture.

+ Driven and motivates others to excel. Curious to find new opportunities and projects.

+ Strong analytical skills coupled with the ability to exercise sound judgment.

+ Ability to take a high level of accountability and ownership for personal and company performance.

+ Excellent interpersonal, communication, and presentation skills with ability and willingness to communicate, and work with other regions. Simplifies complex situations and concepts, communicates with clarity.

+ <30% travel; primarily domestic and occasionally global

All your information will be kept confidential according to EEO guidelines.

ITW offers a competitive compensation and benefits package, including competitively priced medical and dental coverage the first of the month following hire, free life insurance, paid vacation and holidays, and immediate 401k matching. Additional retirement savings contribution (above and beyond 401k) is awarded at no cost after one year.

ITW Medical is an equal opportunity, equal employment, affirmative action employer. We strive to create a diverse and inclusive work environment where everyone is welcome to contribute their unique talents and ideas. We encourage applications from females, males, disabled/protected or other veterans, persons with disabilities, all races and ethnicities, sexual orientations and gender identities. Reasonable accommodation will be made to enable persons with disabilities to apply and to perform the essential job functions. If you require assistance with completing an application, please reply that you require assistance

ITW is an equal opportunity employer. We value our colleagues’ unique perspectives, experiences and ideas and create workplaces where everyone can develop their careers and perform to their full potential.

As an equal employment opportunity employer, ITW is committed to equal employment opportunity and fair treatment for employees, beginning with the hiring process and continuing through all aspects of the employment relationship.

_All qualified applicants will receive consideration for employment without regard to race, color, sex, gender identity, sexual orientation, religion, national origin, age, disability, protected Veteran status or any other characteristic protected by applicable federal, state, or local laws. _

ITW is an equal opportunity/affirmative action employer. All qualified applicants will receive consideration for employment without regard to sex, gender identity, sexual orientation, race, color, religion, national origin, disability, protected veteran status, age, or any other characteristic protected by law.

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Job Posting: JC234288312

Posted On: Feb 13, 2023

Updated On: Jul 29, 2023

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