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Sr Category Manager

Company Description

Fortune Brands Innovations, Inc. is an industry-leading innovation company focused on creating smarter, safer and more beautiful homes and improving lives. Our driving purpose is that we elevate every life by transforming spaces into havens. We believe our work and our brands can have incredibly positive impacts for not just our business and shareholders, but for people and the planet, too.

When you join Fortune Brands, you become part of a high-performing team who are empowered to think big, learn fast and make bold decisions. We support an inclusive and diverse culture where everyone is encouraged and empowered to be their authentic selves, and where our differences and unique perspectives are a key strength.

Explore life at Fortune Brands here.

Job Description

The Sr. Category Manager / Product Manager is the champion for assigned product categories and plays a pivotal role in managing the portfolio as a business. The ability to create and execute successful strategies, build narratives around those strategies, and influence multiple stakeholders internally and externally are necessary for success.

The ideal candidate will have a Bachelor's Degree in Business Administration or Engineering OR an MBA with at least 7 years experience in product management, marketing, or engineering, preferably in a manufacturing and/or consumer durables industry. You will be a people person who loves building relationships with internal and external customers and be available to travel up to 15%.

Location: This position is designated hybrid reporting to our office in Oak Creek, WI, or Deerfield, IL, at least 3 days per week (Tuesday/Wednesday/Thursday). We anticipate up to 15% travel.

What you'll be doing:

  • Develop long-range strategic plans with annual updates for product, channel, process, and business opportunities. Focus needs to be on leveraging existing and creating new protected value
  • Plan and manage new product development projects through the entirety of a stage-gate process. Develop new product development objectives, strategies, and timelines to maximize market share growth and profitability
  • Drive category captain leadership with external customers by leveraging analytics and/or insights for our markets, end users, and channels. Collaborate with sales, finance, and revenue growth management teams to execute product line reviews and assortment updates.
  • Deliver on P&L targets for assigned product categories
  • Manage the full lifecycle for the assigned portfolio from NPD through obsolescence and inventory disposition
  • Leverage and drive market research and consumer understanding to identify new product opportunities, willingness to pay, positioning, purchase triggers, and decision-making. Market research spans qualitative and quantitative from customer VOC to segmentation studies to concept testing and field trials.
  • Plan product line pricing and pricing strategy to manage profitability in line with business objectives
  • Collaborate with Brand, Channel Marketing, Digital, and Commercialization teams to support the development of sales assets, public relations campaigns, and advertising activities
  • Train internal and external customers on products, marketing programs, and business developments. Communicate regularly with field sales associates including occasional travel to key accounts and end users.
  • Respond to daily customer and field sales inquiries, requests, and concerns.
  • Develop a library and database of relevant markets, competitors, and complimentary offerings to identify and assess potential acquisitions or market expansions

 

    Qualifications

    Basic Qualifications:

    • 7+ years of in product management, marketing, or engineering, preferably in a manufacturing and/or consumer durables setting
    • Practical knowledge and experience with the new product development process
    • Ability to interpret and leverage insights from pro forma and other financial analysis tools
    • Excellent written, verbal, and interpersonal skills including ability to speak and present for groups of all sizes
    • Well-versed in Microsoft Office Suite (Outlook, Excel, PowerPoint, etc.)

    Nice to Have:

    • Bachelor's Degree in Business Administration or Engineering OR Master's Degree in Business Administration
    • Experience driving eCommerce and omnichannel marketing
    • Experience with connected products/IoT products

    Additional Information

    At Fortune Brands, we support the overall health and wellness of our associates by offering comprehensive, competitive benefits that prioritize all aspects of wellbeing and provide flexibility for our teammates’ unique needs. This includes robust health plans, a market-leading 401(k) program with a company contribution, product discounts, flexible time off benefits (including half-day summer Fridays per policy), inclusive fertility / adoption benefits, and more. We offer numerous Employee Resource Groups to support inclusivity and our associates’ feeling of belonging at work.

    Fortune Brands is a brand, innovation and channel leader focused on exciting, supercharged categories in the home products, security and commercial building markets. Our portfolio of brands includes Moen, House of Rohl, Aqualisa, SpringWell, Therma-Tru, Larson, Fiberon, Master Lock, SentrySafe and Yale residential.

    Fortune Brands is headquartered in Deerfield, Illinois and trades on the NYSE as FBIN

     

    Equal Employment Opportunity

    FBIN is an equal employment opportunity employer and does not discriminate against any applicant based on race, color, religion, sex, gender identity or expression, national origin, ancestry, age, disability, marital status, protected veteran status, sexual orientation, genetic history or information, or any other legally protected characteristic.

    Reasonable Accommodations

    FBIN is committed to working with and providing reasonable accommodation to applicants with disabilities. If you need a reasonable accommodation for any part of the application or interview process, please contact us at [email protected] and let us know the nature of your request along with your contact information. Resumes submitted to this email address will not be responded to.

    Average salary estimate

    $105000 / YEARLY (est.)
    min
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    $90000K
    $120000K

    If an employer mentions a salary or salary range on their job, we display it as an "Employer Estimate". If a job has no salary data, Rise displays an estimate if available.

    What You Should Know About Sr Category Manager, Fortune Brands

    Are you ready to take your career to the next level? Join Fortune Brands Innovations as a Sr. Category Manager and become an integral part of a company that's all about innovation and transforming homes into beautiful havens. At our Oak Creek office, you will be the champion for assigned product categories, playing a key role in managing our extensive portfolio. With at least 7 years of experience in product management or engineering, ideally in the manufacturing or consumer durables sector, you're well-prepared to develop and execute strategic plans that drive market share growth. Your ability to form strong relationships with both internal teams and external customers is essential, as you'll be collaborating closely with sales, finance, and marketing departments to maximize product performance. You'll take charge of new product development initiatives, oversee the full lifecycle of the product from inception to obsolescence, and utilize your analytical skills to gauge market opportunities. With a hybrid work environment requiring just three days in the office, as well as the exciting potential for travel, this role offers flexibility alongside a thriving career in a company committed to inclusivity and growth. The ideal candidate will possess strong interpersonal and communication skills, as you'll be training customers and responding to inquiries to ensure their needs are met. Ready to make an impact? Fortune Brands is looking for innovative thinkers like you who want to elevate every life by making a difference.

    Frequently Asked Questions (FAQs) for Sr Category Manager Role at Fortune Brands
    What is the role of a Sr. Category Manager at Fortune Brands Innovations?

    The Sr. Category Manager at Fortune Brands Innovations is responsible for managing assigned product categories, developing strategic plans, and leading new product development initiatives to drive market share growth and profitability.

    Join Rise to see the full answer
    What qualifications are needed for the Sr. Category Manager position at Fortune Brands?

    To qualify for the Sr. Category Manager role at Fortune Brands, candidates should have a Bachelor's Degree in Business Administration or Engineering, or an MBA, along with at least 7 years of relevant experience in product management, marketing, or engineering in a manufacturing or consumer durables setting.

    Join Rise to see the full answer
    How does the Sr. Category Manager contribute to product development at Fortune Brands?

    The Sr. Category Manager contributes to product development by managing projects through the entire stage-gate process, from developing objectives and timelines to collaborating with cross-functional teams to execute product line reviews and assortment updates.

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    Can you describe the work environment for a Sr. Category Manager at Fortune Brands Innovations?

    The work environment for a Sr. Category Manager at Fortune Brands Innovations is hybrid, requiring employees to be in the office in Oak Creek, WI, or Deerfield, IL, three days a week, with opportunities for collaboration and connections with team members.

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    What are the career advancement opportunities for a Sr. Category Manager at Fortune Brands?

    Career advancement opportunities for a Sr. Category Manager at Fortune Brands can lead to higher leadership roles within product management, marketing, and other strategic areas, as the company emphasizes growth and development for their employees.

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    What benefits does Fortune Brands offer to its Sr. Category Managers?

    Fortune Brands offers comprehensive benefits including robust health plans, a competitive 401(k) program, flexible time off, and inclusive fertility/adoption benefits, all aimed at supporting the overall wellness of their associates.

    Join Rise to see the full answer
    How important is market research for the Sr. Category Manager at Fortune Brands?

    Market research is crucial for the Sr. Category Manager at Fortune Brands as it helps identify new product opportunities, understand consumer behaviors, and shape effective marketing strategies based on qualitative and quantitative insights.

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    Common Interview Questions for Sr Category Manager
    Can you explain your experience with managing product categories?

    When answering this question, highlight specific examples of product categories you've managed, the strategies you employed, and the results achieved. Use metrics and data to showcase your impact.

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    How do you approach developing a new product strategy?

    Discuss your method for conducting market research, defining objectives, and involving stakeholders. Emphasize the importance of aligning your strategy with the company's goals and the data that support your decisions.

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    What tools or techniques do you use to analyze market trends?

    Mention specific tools like SWOT analysis, market segmentation studies, and customer feedback surveys. Explain how you leverage these insights to influence product development and marketing strategies.

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    Describe how you handle cross-functional collaboration?

    Provide an example of a successful cross-functional project. Focus on your communication skills, your ability to build relationships, and how you ensure all voices are heard to drive results effectively.

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    What has been your biggest challenge in product management?

    Share a particular challenge, explaining your thought process and actions taken to overcome it. Reflect on what you learned and how it improved your future performance in product management.

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    How do you prioritize tasks when managing multiple projects?

    Discuss your prioritization process, emphasizing time management skills, use of project management tools, and how you align tasks with strategic goals to ensure effective outcomes.

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    What methods do you use to gauge customer satisfaction?

    Talk about the various feedback mechanisms you've implemented, such as surveys, customer interviews, or market feedback, and how you incorporate this information into your product strategies.

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    Can you provide an example of a successful product launch you managed?

    Be specific about your role in the launch, outlining the strategies you developed, the stakeholders involved, and the metrics that demonstrate the launch's success.

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    How do you keep abreast of industry trends and changes?

    Mention networks, industry publications, and conferences you attend, explaining how continuous learning and awareness of market dynamics influence your product management approach.

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    What is your approach to pricing strategy for product categories?

    Explain how you analyze competitor pricing, customer willingness to pay, and value propositions to determine effective pricing strategies that align with overall business objectives.

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    MATCH
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    TEAM SIZE
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    EMPLOYMENT TYPE
    Full-time, hybrid
    DATE POSTED
    November 24, 2024

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