Product Portfolio Manager

If you’re looking for a special place to build or grow your career, you’ve found it. Whether you’re an experienced professional, a recent college graduate or somewhere in between, IDEX is a place where you can apply your existing skills and learn new ones in an environment where you can make an impact.With interesting opportunities in engineering, marketing, sales, supply chain, operations, HR, finance, and more across more than 40 diverse businesses around the globe, chances are, we have something special for you.JOB TITLE: Product Portfolio Manager (m/f/d), Pharma/BiotechAbout IDEX CorporationIDEX Corporation (NYSE: IEX), based in Northbrook, IL (suburb of Chicago), is a leading global manufacturer of diversified products in industries ranging across health, science, safety, fire, and fluidics. The company operates in 24 countries, IDEX is an innovative and growing company, focused on delivering excellence through diverse, winning teams. We’re a global provider of applied solutions serving a variety of markets. These include life science and medical technologies, process industry and infrastructure related applications, industrial/municipal fire, and rescue - to name just a few.IDEX Material Processing Technologies platform is a global $130M business with sites in the US, Canada, the UK, and shared facilities in India and China, producing equipment primarily used in pharma, food and vaccine production. http://www.idex-mpt.comSCOPE OF ROLEThe Product Portfolio Manager (m/f/d), Pharma/Biotech role resides in the Product Management area within Material Processing Technologies reporting to the Director Product Management and Marketing.The aim of product portfolio management is to coordinate and manage resources and information using business effective processes and practices in support of current and planned portfolio and product lifecycles. Central to this is the continual assessment of the current portfolio and the evidence driving development of new and relevant product solutions (hardware, software, consumables and support) that have value to both customers and company.This global position works across the multiple brands and functions within Material Processing Technologies. Taking responsibility for the current and future product pipeline within the pharma/biotech customer vertical the role it centers around understanding of customer needs and our ability to fulfil them with current and future products, management of the relevant product portfolio strategy from concept to sunset.This cross functional role will include strategy development, product roadmap design, product development process management, pricing, and upstream marketing value proposition and messaging as well as solid development of voice of customer process and practice.This role may be based on the East Coast of the United States or EuropeESSENTIAL JOB FUNCTIONS Provide product portfolio management and leadership, from concept, to commercialization, to obsolescence.Develop long-range product strategies for future positioning, growth, and evolution of the product platform. This includes identifying, establishing and managing strategic relationships with customers, suppliers and industry opinion leaders.Identify, qualify and define a portfolio of products that exist or is planned and any future development needs to better position our products to the pharmaceutical /biopharma vertical globally.Analyze and incorporate impact of pharma/biotech markets, technical trends, customer needs and competitive offerings into products/product portfolio.Develop differentiated product roadmaps, rank new product features and functionalities, and recommend investments to drive product growth.Develop voice of customer research processes to facilitate and validate, new product definition performance requirements and tradeoffs, product value proposition and business case. Propose future product pipeline developments.Evaluate messaging and develop value based propositions with supporting materials working with marketing.Support current GDPs and 80’s focused sales activities within the pharma/biotech vertical.Serve as vertical champion with internal stakeholders, regional teams, and key account team members.Maintain close interaction with field teams through training and active participation in the sales process.Ensure pricing framework enables field sales success by determining optimal prices, providing appropriate level of pricing/discounting, responding to competitive opportunities, and meeting profitability objectives.Develop and deliver product training and positioning suited to the Pharma/Biotech vertical.Champion an “8020” culture to drive alignment across functions and disciplines in support of the customer.Manage the business based on customer needs utilizing pertinent metrics to measure business performance.KEY SKILLS:Customer CentricityActively seeks VOC from a variety of sources to ensure product fit for current and future developments.Maintain an active relationship with the customer environment through field travel to key accounts and subject relating meetings and conferences.Product/ Portfolio/Solution LeadershipIs a passionate advocate for what we doBuilds and shares a clear understanding of what we do and why across MPT stakeholdersExcellent cross functional communication skillsAbility to engage and influence across the organizationProblem solverAbility to identify business and product risks and offer mitigation strategiesEffective collaboration as part of or leading a team.Business SkillsUnderstands key financial metrics and their importanceAbility to build a product roadmap based on sound assessment structureEngage with relevant stakeholders to build an effective Go-To-Market strategy and planStakeholder managementData analysis and ability to convey meaning simplyPresentation skillsAbility to take well considered but tough decisions and stand by outcomeRelevant Product KnowledgeTechnical understanding of core elements of the pharmaceutical manufacturing and applicationsA clear understanding of competitors supplying this spaceCan create information and guidance on products and positioning to train and support commercial and marketing teamsREQUIRED EXPERIENCE AND QUALIFICATIONS:A Bachelor of Science degree in mechanical engineering, molecular biology, chemistry, or related discipline.A minimum of 6+ years of experience in product management of equipment supplied to the pharmaceutical manufacturing industry.Experience in working successfully in a matrixed global organizational structure and across functions.Up to 30% travel, domestic and international, requiredDESIRED EXPERIENCE:Master degree in Life Science or equivalentCommercial sales experience in the sale of equipment to the pharmaceutical manufacturing environmentAre you ready to join a different kind of company where our people, our culture, and our commitments are centered around providing trusted solutions that improve lives around the world?IDEX is an Equal Opportunity Employer. IDEX gives consideration for employment to qualified applicants without regard to race, color, religion, creed, genetic information, sex, sexual orientation, gender identity or expression, marital status, age, national origin, disability, protected veteran status, or any other consideration or protected category made unlawful by federal, state or local laws.Attention Applicants: If you are an individual with a disability and require a reasonable accommodation to complete any part of the application process, please let us know. Likewise, if you are limited in the ability to access or use this online application process and need an alternative method for applying, we will determine an alternate way for you to apply. Please contact our Talent Acquisition Team at lfcareers@idexcorp.com for assistance with an accommodation. These contact tools may be used only by individuals with a disability for accommodation requests. Do not inquire as to the status of an application.