Regal Rexnord
Location
Wausau, WI | United States
Job description
Regal Rexnord Corporation (RRX) is approximately a $5B publicly traded global manufacturer of electric motors and controls, electrical components and power transmission products serving customers around the world in the general industrial, consumer, commercial construction, food & beverage, and alternative energy end markets, among others. Regal Rexnord sells its products and solutions to OEMs, through distributors, and directly to end-users. The company has approximately 29,000 global associates with significant operations in the US, Mexico, Europe, China, and India. Regal Rexnord Corporation is the result of a merger between Regal Beloit Corporation and Rexnord’s PMC business which was completed in 2021. The headquarters for Regal Rexnord is located in Beloit, WI with an executive satellite office in Rosemont, IL.
You may not know it, but Regal Rexnord impacts your life every day. Our products enable the fans in HVAC systems that keep us comfortable; the power source that keeps smart buildings running; the agricultural and food service equipment that keeps us fed; and the conveyer systems that keep e-commerce flowing.
Our business purpose is to create a better tomorrow by energy-efficiently converting power into motion. For us, this means creating innovative solutions while focused on both customer needs and our commitment to sustainability. Join our team to create your better tomorrow.
JOB DESCRIPTION
Position Summary:
In this role, the Product Manager II 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.
Product Manager II 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 strategic planning, product definition, tactical launch activities and end of life.
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, application notes, web content, etc.
Set pricing and general sales policy for the product line(s).
Perform 80/20 analysis on products, customers and markets to identify opportunities for focus and growth.
Manage the product life cycle and assist with the communication and setting of expectations with customers.
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
Education: Bachelor’s/Master’s degree in related Engineering field. (+MBA preferred but not required)
Experience: 10+ years of experience as a Product Manager in a Motors & Controls or relevant Industrial Products
Leadership: Strong Leadership, Team Management skills and strong collaborator across different functions, with people from all levels (senior, peers and below)
Communication: Excellent Communications Skills – Written, Verbal, Presentations Possess excellent organizational skills.
Strategic Mindset: Able to see the big picture perspective and synthesize ambiguous data to arrive at a solid conclusion with recommendations on how to strategically solve a problem. Strategic, Systemic & Analytical Thinking to create a shared vision
Decision Making: Makes good decision with a bias for action and accountability with a sense of urgency
Problem Solver: Steps up to conflicts, seeing them as opportunities; reads situations quickly; good at focused listening; can hammer out tough agreements and settle disputes equitably; can find common ground and get cooperation with minimum noise. Deals fairly with non-performance and is unafraid to deliver tough messages when necessary.
Drive for Results: Is high energy, action oriented and focused on producing good outcomes. Can be counted on to exceed goals successfully; is constantly and consistently one of the top performers; very bottom-line oriented; steadfastly pushes self and others forward to the goal.
Customer Focus: Is dedicated to meeting the expectations and requirements of internal and external customers;
Dealing with Ambiguity: Can effectively cope with change; can shift gears comfortably; can decide and act without having the total picture; isn't upset when things are up in the air; doesn't have to finish things before moving on; can comfortably handle risk and uncertainty.
Humility: Is comfortable in own skin and wants credit to go to the team for business achievements. Not afraid to ask for help and seek guidance when needed. Receives criticism with grace and is willing to change direction when presented with a better solution.
Benefits
Medical, Dental, Vision and Prescription Drug Coverage
Spending accounts (HSA, Health Care FSA and Dependent Care FSA)
Paid Time Off and Holidays
401k Retirement Plan with Matching Employer Contributions
Life and Accidental Death & Dismemberment (AD&D) Insurance
Paid Leaves
Tuition Assistance
About Regal Rexnord
Regal Rexnord Corporation (“Regal Rexnord”) is a leading manufacturer of electric motors, electrical motion controls, power generation and mechanical power transmission products and sub-systems, serving customers around the world in the general industrial, consumer, commercial construction, food & beverage, and alternative energy end markets, among others. Regal Rexnord sells its products and solutions to OEMs, through distributors, and directly to end-users. Regal Rexnord is a $7.2B company with 36,000 associates globally.
You may not know it, but Regal Rexnord impacts your life every day. The company’s products enable the fans in HVAC systems that keep us comfortable; the power source that keeps smart buildings running; the agricultural and food service equipment that keeps us fed; and the conveyer systems that keep e-commerce flowing, to name a few of the applications where our products are used.
Regal Rexnord’s business purpose is to create a better tomorrow by energy-efficiently converting power into motion. This means creating innovative solutions while focusing on both customer needs and the company’s commitment to sustainability. The company’s industrial powertrain and automation solutions offerings are an important part of the company's growth strategy. The company’s strategy includes leveraging 80/20 to prioritize all activities, including product excellence, operational excellence and commercial excellence (i) driving organic sales growth through the introduction of innovative new products, with a particular focus on improving energy efficiency, (ii) establishing and maintaining new customers, as well as developing new opportunities with existing customers, (iii) participating in higher growth end markets and geographies, and (iv) identifying and consummating strategic, value creating acquisitions.
Equal Employment Opportunity Statement
Regal Rexnord is an Equal Opportunity and Affirmative Action Employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex/gender, sexual orientation, gender identity, age, ancestry, national origin, marital status, citizenship status (unless required by the applicable law or government contract), disability or protected veteran status or any other status or characteristic protected by law. Regal Rexnord is committed to a diverse and inclusive workforce. We are committed to building a team that represents diverse and inclusive backgrounds, perspectives, and skills. If you’d like to view a copy of the company’s affirmative action plan or policy statement, please email
. If you have a disability and you believe you need a reasonable accommodation in order to search for a job opening or to submit an online application, please e-mail .
Equal Employment Opportunity Posters
Notification to Agencies: Please note that Regal Rexnord Corporation and its affiliates and subsidiaries ("Regal Rexnord") do not accept unsolicited resumes or calls from third-party recruiters or employment agencies. In the absence of a signed Master Service Agreement or similar contract and approval from HR to submit resumes for a specific requisition, Regal Rexnord will not consider or approve payment to any third-parties for hires made.
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