Product Portfolio Manager at Badger Meter in Milwaukee, Wisconsin

Job Description:

Why Badger Meter?




Badger Meter is a leading global water technology company, with a mission to preserve and protect the world's most precious resource. For more than 100 years, cities and businesses have utilized our innovative and trusted solutions to enhance operational efficiency and conserve water while making it more affordable, clean and resilient. Just like every drop counts, at Badger Meter every employee counts because our contributions have a lasting impact on the world!


Here at Badger Meter, we believe that our approach to diversity, equity, and inclusion is the very foundation of our success. Our commitment is reflected in our core values, where we strive to create an environment that celebrates differences, encourages innovation, and ensures that every voice is celebrated and appreciated.


We understand that a diverse team brings a variety of perspectives and ideas, which ultimately fosters creativity and excellence. Badger Meter provides opportunities for career growth and development for every employee by creating a supportive and inclusive workplace where they can make meaningful contributions while preserving the world's most precious resource.




What You Will Contribute:




The role of Portfolio Manager within Badger Meter plays a critical role in driving growth and profitability within the assigned product categories. Core to this function is leading a team of product managers to develop strategies and execute tactics leading to revenue growth, incremental customer acquisition and market share expansion. Key activities will focus on competitive analysis, product planning/new product development, pricing, forecasting/inventory planning, promotion and product lifecycle management (analysis and rationalization). With the support of the product managers, the role of the Product Portfolio Manager is to ensure strategic alignment across the broader portfolio of products which serve the same or related customer applications. Beyond alignment, this role is responsible for confirming key stakeholder voices, such as Market Managers, Sales Team Personnel, Channel Partners and Direct Customers, are heard within the organization holistically. Internally, the Product Portfolio Manager will be responsible for driving proper prioritization of initiatives, both within the team and supporting areas such as Engineering, to maximize positive impact to the portfolio P&L.



Job Duties:


Portfolio Performance

• Continuously analyze key performance metrics of the assigned category (quality metrics, customer sentiment, unit volume, revenue, margin, inventory position, warranty reserves, and RFP win/loss) to prioritize team goals and time allocation to the areas of greatest impact.
  
  


• Own the multi-year forecast for the portfolio, accounting for macro drivers and collaborating with sales channel partners.
  
  


• Coordinate with Manufacturing and Supply Chain via the Sales, Inventory & Operations Planning (SIOP) process to manage inventory and lead times.
  
  


• Determine product pricing and pricing strategies/policies based on market conditions and gross margin objectives.
  
  

Market Intelligence

• Prepare and regularly maintain competitive analysis including past/current offerings, as well as likely future releases based on competitor strategic positioning.
  
  


• Collaborate with Market Managers and Channel Partners, attend trade shows/other industry events and actively participate in trade associations to develop a broad and deep understanding of market drivers and trends across the entirety of the assigned portfolio of applications and products.
  
  


• Summarize and disseminate market knowledge into the broader organization in an easily accessible manner for supporting departments and leverage insights into portfolio strategy and specific product line roadmaps. Specifically emphasizing the interconnections between various product offerings and the synergies or conflicts that are felt by customers in the segment.
  
  

Portfolio Lifecycle Management

• Develop short- and long-range portfolio plans inclusive of sub-category product and technology roadmaps showing the alignment and complimentary customer value of product lines consistent with market needs and corporate strategic plans. •
  
  


• Coordinate with business partners (Engineering, PMO, Operations, Purchasing) in the New Product Development process to ensure that product launches meet the requirements of customer value, cost and launch timing.
  
  


• Manage the retirement plans of products as part of the lifecycle plan to ensure customers are appropriately transitioned, E&O inventory levels are minimized and any required post-retirement product maintenance has an approved ownership plan (examples: firmware maintenance, service part availability, etc.).
  
  

Education and Experience:

• Bachelor's degree in Marketing, Management or Engineering required
  
  


• 7+ years of prior experience with managing a team of product professionals (Product Managers, Product Specialists and Product Owners) desired
  
  

Qualifications:

• Demonstrated performance of achieving product plan goals required
  
  


• Strong analytical skills with the ability to interpret complex data and make informed decisions required
  
  


• Excellent communication and interpersonal skills required
  
  


• Proficiency in project management tools and software preferred
  
  

Competencies:

• Delegation and Empowerment: Identifying and leveraging opportunities to accelerate results and build capability by assigning tasks and decision-making responsibilities to individuals or teams with clear boundaries, expectations, support, and follow-up.
  
  


• Coaching: Engaging an individual in developing and committing to an action plan that targets specific behaviors, skills or knowledge needed to ensure performance improvement or prepare for success in new responsibilities.
  
  


• Decision Making: Identify and understand problems and opportunities by gathering, analyzing, and interpreting quantitative and qualitative information; choose the best course of action by establishing clear decision criteria, generating, and evaluating alternatives, and making timely decisions; take action that is consistent with available facts and constraints and optimizes probable consequences.
  
  


• Aligning Performance for Success: Focusing and managing individual performance by helping others set performance goals, and then tracking results and evaluating performance effectiveness.
  
  


• Execution: Ensuring others contribute to organization strategies by focusing them on the most critical priorities; measuring progress and ensuring accountability against those metrics.
  
  

Working Conditions:

• Work is performed in an office environment and requires the ability to operate standard office equipment.
  
  

Competitive Total Rewards at Badger Meter:

• Competitive Pay
  
  


• Annual Bonus
  
  


• Eligible for Annual Pay Increases
  
  


• Comprehensive Health, Vision, and Dental Coverage
  
  


• 15 days Paid Time Off + 11 Paid Holidays
  
  


• Two Ways to Save for Retirement: Badger Meter contributes 25 cents for every dollar you contribute to the plan, up to 7% of your eligible compensation. In addition to the match, the company will also contribute 5% of your eligible compensation to your Defined Contribution account on an annual basis. Additional access to a certified financial planner to help ensure your money is working for you, at no cost!
  
  


• Employer Paid benefits including: Employee Assistance Program (EAP), Basic Group Life Insurance, Short Term Disability, and more
  
  


• Educational Assistance - Tuition Reimbursement up to $5,250
  
  


• Voluntary benefits including: Additional Life Insurance, Long Term Disability, Accident and Critical Illness coverage
  
  


• Health Savings Account (HSA) & Flexible Spending Account (FSA) options
  
  

An Equal Opportunity/Affirmative Action Employer. This company considers candidates regardless of race, color, religion, sex, sexual orientation, gender identity, national origin, disability or veteran status. Applicants can learn more about their rights regarding equal opportunity in employment by viewing the federal "EEO is the Law" poster and the "EEO is the Law" poster supplement at http://www.dol.gov/ofccp/regs/compliance/posters/ofccpost.htm


Badger Meter complies with all aspects of the Americans with Disabilities Act (ADA), as amended by the ADA Amendments Act, and all applicable state or local disability laws. This means that we will reasonably accommodate qualified employees with a disability if accommodation would allow them to perform the essential functions of their job, unless doing so would create an undue hardship.



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