Product Manager II

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. With the announcement of the acquisition of Altra Industrial Motion, a ~$2B global business with 9,000 associates, focused on Power Transmission and Factory Automation products, Regal Rexnord has become a $7.3B company with 36,000 associates globally.

You may not realize it, but Regal Rexnord has a significant impact on 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 conveyor 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 entails developing innovative solutions that balance both customer needs and the company's commitment to sustainability. The company's industrial powertrain and automation solutions are integral to its 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.

The North America Motors & Drives division, a $1B global business, with 6,000 associates within the Power and Efficiency Solutions (PES) Segment of Regal Rexnord, is seeking an experienced Product Manager for our Pump Business Unit. This is a critical role in creating and driving a growth-focused product strategy.

Reporting to the Director of Product Management for the Pump BU, this role will have responsibility for the development and execution of product line roadmaps that enable sustainable differentiation for the assigned segment of the business while ensuring a balanced portfolio of investments in core products through the identification of new product development in top 20% of customers or markets. This position requires close collaboration with cross-functional product development teams, engineering teams, sales teams, marketing communications teams, finance teams, and business leadership. S/he will be responsible for driving activities and decisions focused on maintaining a high level of customer satisfaction and growing market share through innovation with purpose.

• Manage the entire life cycle of the assigned Motor product lines within the division, from strategic planning and product definition to tactical launch activities, share growth, and end-of-life management.
• Establish annual targets for growth and margin attainment, develop monthly tracking and metrics to measure performance, reporting out regularly to the BU leadership team.
• Assesses market competition by comparing the company's product to competitors' products, and executes countermeasures where appropriate.
• Coordinate and lead the ongoing Innovation and VOC exercises. Combine this information with a business case analysis to define business requirements and the product's value proposition.
• Develop and implement cohesive short- and long-term product line roadmaps for Motors platforms.
• Operate as the internal voice of our customers across development teams (primarily Engineering, Sales, and Marketing) through an understanding of market requirements, product definition, training, and launch activities.
• Brings new products to market by analyzing proposed product requirements and product development programs; developing quantifiable and sustainable value propositions from the customers' perspective vs. the next best alternative; preparing return-on-investment analyses; establishing time schedules with engineering, sales, marketing, and manufacturing.
• Develops product pricing strategies and manages the team to drive maximum profit and sales.
• Develop core messaging and positioning for assigned product lines within the business based on the established value proposition derived through VOC.
• Manage assigned product lines to the Regal Rexnord Business System, which includes 80/20 and Continuous Improvement in all aspects of product management and decision making.
• Recommends the nature and scope of present and future product lines by reviewing product specifications and requirements and appraising new product ideas.
• Develops controls and reviews KPIs in reference to planned objectives.

Minimum Requirements:

• Bachelor's degree from an Accredited University
• Minimum 8 years of Commercial or Product Management experience with highly engineered products in a complex B2B industrial manufacturing enterprise
• Proficiency with MS Office (Excel / Word / PowerPoint) and CRM (i.e., SalesForce.com or Microsoft Dynamics)
• Must have the ability to digest commercial transaction data to manage the product families and identify trends/issues (i.e., Power BI)
• Capable of both strategic thinking and tactical execution. High Passion for technology, innovation, and customer engagement
• Can effectively cope with ambiguity and change; can decide and act without having the total picture and can comfortably handle risk and uncertainty
• Experience with forecasting, forecasting methodology and use of forecasting tools
• Experience with concepts of 80/20 and Lean Management
• Is high energy, action oriented and focused on producing outcomes, bottom-line oriented and steadfastly pushes self and others forward to the goal
• Skilled at managing conflict and finding resolution quickly in a team setting
• Strong presentation, verbal and written communication skills
• Strong analytical and problem solving skills
• High level of personal initiative and ownership of results
• Strong computer skills - Experience with Microsoft Office (Word, Excel, PowerPoint, Outlook & Teams)
• Ability to work independently and at times remotely
• Relevant industry experience, typically Pumping, Water Management, Materials Handling/Conveying, and/or Industrial Equipment spaces

• Demonstrates the Regal Rexnord Values: Integrity, Responsibility, Diversity, Engagement & Inclusion, Customer Success, Innovation with Purpose, Continuous Improvement, Performance, Passion to Win, and Sense of Urgency
• Must be able to travel at least 30% of the time domestically and internationally as required

Preferred Qualifications

• Pump or related Industry experience
• Hands on Application experience
• Strong Technical and Mechanical Aptitude/Abilities
• Understanding of Building Automation/Smart Systems
• Experience in Agile Product Management teams
• Experience with NPD stage gate and/or portfolio management systems/software
• Experience with the 80/20 process and product line simplification

• 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

Regal Rexnord is a publicly held global industrial manufacturer with 30,000 associates around the world who help create a better tomorrow by providing sustainable solutions that power, transmit and control motion. The Company's electric motors and air moving subsystems provide the power to create motion. A portfolio of highly engineered power transmission components and subsystems efficiently transmits motion to power industrial applications. The Company's automation offering, comprised of controls, actuators, drives, and precision motors, controls motion in applications ranging from factory automation to precision control in surgical tools.

The Company's end markets benefit from meaningful secular demand tailwinds, and include factory automation, food & beverage, aerospace, medical, data center, warehouse, alternative energy, residential and commercial buildings, general industrial, construction, metals and mining, and agriculture.

Regal Rexnord is comprised of three operating segments: Industrial Powertrain Solutions, Power Efficiency Solutions, and Automation & Motion Control. Regal Rexnord has offices and manufacturing, sales and service facilities worldwide. For more information, including a copy of our Sustainability Report, visit RegalRexnord.com.

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, pregnancy, age, ancestry, national origin, genetic information, 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 for protected veterans/individuals with disabilities or policy statement, please email Recruiting@RegalRexnord.com.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 Recruiting@RegalRexnord.com.

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.