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Product Manager - job 3 of 3

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 Associate Product Manager for our Moen brand will be responsible for being a product expert and developing a comprehensive understanding of consumer and customer needs. The Associate Product Manger will be responsible for the full product lifecycle and will work to develop, manage and maintain our product portfolio.  The Associate Product Manager will work to continuously improve products and new product development.

Location: This position is eligible for a hybrid schedule based out of Deerfield, IL. Effective mid-2025, Fortune Brands will transition to a new world-class campus in Deerfield, bringing together associates from across our U.S. offices, brands, and functions. The campus will offer vibrant workspaces for collaboration, along with amenities for dining, onsite daycare, fitness, and recreation.

Travel Requirements: up to 15% travel to customer locations

What you will be doing:

  • Provide critical input to situational analysis for assigned product portfolio as part of the annual strategic planning process.
  • Develop and execute on 3-year product plan conducting ongoing analysis to align timing and resources.
  • With approval from the Group Product Manager, provide pricing for assigned product portfolio driving revenue and margin contribution to achieve P&L objectives.
  • Lead cross-functional product development teams and provide marketing leadership at tollgates.
  • Partner with Innovation on the definition and scoping of projects. Ensure alignment with brand and SBU objectives.
  • Develop and conduct research with key customer base to gain market insight on design, functionality, and configuration.
  • Partner with Global Brand Marketing to ensure alignment of product with brand plan.
  • Create and maintain market landscapes that inform the product roadmap of gaps and opportunities with pricing, technology, functionality, and offering.
  • Partner with cross-functional product development teams (project management, engineering, supply chain, sourcing, and sales) on product plan execution.
  • Partner with channel marketing to establish Go to Market strategies and plans to achieve P&L objectives.
  • Partner with Marketing Services/Digital to develop 2D, 3D and digital product collateral.
  • Provide direction on value proposition, price, margin and supply for new product development.
  • Develop and deliver product training content to customer service, sales team, and customers.
  • Provide price book, spec sheet, website, and e-commerce support to ensure accuracy of messaging, pricing, and images.

Qualifications

  • 3+ years of product management experience (consumer / durable goods experience preferred)
  • Strong analytical skills, including ability to arrive at insights from analytical data, is essential for market and competitive evaluation, pricing and line management.
  • Demonstrated ability to be a team player with skills to lead/participate in cross-functional teams.
  • Demonstrated verbal, written and presentation skills.
  • Proficient computer skills (Excel, PowerPoint, Word).
  • Ability to travel approximately 15%
  • Bachelor’s degree in Marketing, Business or a related field strongly preferred

Additional Information

Fortune Brands believes in fair and equitable pay. A reasonable estimate of the base salary range for this role is Hiring Pay Range: $70,000 USD - $100,000 USD. Please note that actual salaries may vary within the range, or be above or below the range, based on factors including, but not limited to, education, training, experience, professional achievement, business need, and location. In addition to base salary, employees will participate in either an annual bonus plan based on company and individual performance, or a role-based sales incentive plan.

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.

We are committed to a diverse and inclusive workplace and encourage applicants from all backgrounds to apply. To support our efforts, we invite you to voluntarily share your gender, ethnicity, and veteran status. This information is confidential and helps us ensure an inclusive hiring process and improve our diversity initiatives.

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

$85000 / YEARLY (est.)
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$70000K
$100000K

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What You Should Know About Product Manager, Fortune Brands

Join the innovative team at Fortune Brands Innovations as an Associate Product Manager for our Moen brand, located in Deerfield, Illinois. This is an exciting opportunity where you'll dive deep into understanding consumer and customer needs while managing our diverse product portfolio. In this role, you'll be at the forefront of the full product lifecycle, taking charge of developing and executing a 3-year product plan and enhancing our existing product offerings. Your analytical skills will shine as you analyze market insights to guide pricing strategies and revenue generation. You'll collaborate closely with cross-functional teams, including marketing, engineering, and supply chain, to ensure that our product initiatives align with brand objectives and market demand. Not only will you lead product development projects and conduct essential research, but you will also craft impactful training content for sales teams and customers. Plus, with a hybrid work schedule and a vibrant workplace slated for our new Deerfield campus, you'll enjoy a work-life balance that supports your professional growth. Let's transform spaces and enhance lives together at Fortune Brands Innovations!

Frequently Asked Questions (FAQs) for Product Manager Role at Fortune Brands
What are the responsibilities of an Associate Product Manager at Fortune Brands Innovations?

As an Associate Product Manager at Fortune Brands Innovations, you'll take on a wide range of responsibilities including conducting market analysis, managing product lifecycles from inception to launch, and collaborating with cross-functional teams to enhance our Moen product offerings. You'll play a pivotal role in developing strategic product plans, guiding pricing strategies, and leading product development initiatives. Your insights will ensure that our products meet consumer needs and align with brand objectives, making this a key position in our innovative environment.

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What qualifications are needed for the Associate Product Manager position at Fortune Brands Innovations?

To thrive as an Associate Product Manager at Fortune Brands Innovations, candidates should ideally possess over three years of product management experience in consumer or durable goods. A strong analytical mindset is crucial, alongside excellent teamwork and communication skills for collaboration across various departments. A bachelor's degree in Marketing, Business, or a related field is strongly preferred, providing a solid foundation for effective market evaluation and strategy development.

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How does the Associate Product Manager role at Fortune Brands Innovations drive product development?

The Associate Product Manager role at Fortune Brands Innovations is integral to driving product development. You'll lead cross-functional teams through product tollgates, ensuring alignment on marketing and innovation objectives. By conducting in-depth research and market analysis, you provide essential insights that influence product design, functionality, and market strategy. This position allows you to impact product offerings that not only resonate with consumers but also align with our brand's vision and goals.

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What is the expected salary range for the Associate Product Manager at Fortune Brands Innovations?

The expected salary range for the Associate Product Manager position at Fortune Brands Innovations is between $70,000 and $100,000 annually. This range may vary based on factors such as education, experience, and market demand. Additionally, employees may participate in performance-based bonus plans, offering further earning potential based on both company and individual success.

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What benefits can Associate Product Managers expect at Fortune Brands Innovations?

Associate Product Managers at Fortune Brands Innovations can look forward to a comprehensive benefits package that prioritizes employee well-being. This includes competitive health plans, a robust 401(k) plan with company contributions, flexible time-off policies, and unique offerings like fertility and adoption benefits. The company is committed to creating an inclusive workplace culture that supports individual needs and fosters personal and professional growth.

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Common Interview Questions for Product Manager
Can you explain your approach to product lifecycle management as an Associate Product Manager?

When discussing product lifecycle management during your interview, focus on how you analyze market needs, develop a strategic plan, and collaborate with teams to ensure successful execution. Make sure to mention your experience in gathering consumer insights, conducting competitive analysis, and how you adapt strategies throughout the lifecycle to maintain product relevance.

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How do you prioritize features for a new product at Fortune Brands Innovations?

In your response, illustrate your methodology for prioritizing product features by discussing how you gather data through customer feedback and market analysis. Emphasize the importance of aligning features with broader business goals and customer needs, and how cross-team collaboration ensures that priorities reflect both the brand's philosophy and market expectations.

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Describe a time you led a cross-functional team. What challenges did you face?

Use this question to highlight a specific example where you successfully led a team. Discuss the challenges you encountered, such as differing opinions or resource constraints, and detail how your leadership and effective communication helped navigate these challenges to achieve a successful product outcome.

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What strategies do you use for effective market analysis?

Share your strategies for market analysis, such as utilizing key performance metrics, customer surveys, and competitive benchmarking. Ensure you explain how these insights contribute to informed decision-making that directly influences product features, pricing, and marketing strategies, ultimately leading to successful product outcomes.

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What experience do you have with pricing strategies in product management?

In this answer, underline your familiarity with pricing models and how you've determined pricing for various products based on market analysis, consumer behavior, and competitive factors. Discuss any specific instances where your pricing strategy directly resulted in increased revenue or market share, showcasing your ability to contribute to the company’s bottom line.

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How do you handle conflicts when working with cross-functional teams?

To answer effectively, highlight your conflict resolution skills. Discuss how you approach conflicts by encouraging open communication, actively listening to different perspectives, and finding common ground to reach a resolution that benefits the project and strengthens team dynamics.

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What role does customer feedback play in your product development process?

Explain your commitment to integrating customer feedback into the product development process. Illustrate how you gather and analyze customer insights throughout the lifecycle, ensuring that the final product reflects consumer needs and preferences, ultimately leading to increased satisfaction and better market performance.

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Can you give an example of how you've driven innovation in a previous role?

Highlight a specific example where you've conceptualized or implemented an innovative idea that positively influenced a product or process. Discuss how you gathered insights, collaborated with teams, and measured the impact, emphasizing your proactive approach to fostering innovation.

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What tools and software are you proficient in for product management?

List the tools you are proficient in, such as project management software, analytics tools, or product development platforms. Be sure to explain how you've used these tools to enhance efficiency, communication, and overall product management processes in your previous roles.

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Why do you want to work at Fortune Brands Innovations as an Associate Product Manager?

Use this question to articulate your passion for the company’s mission and values, particularly in transforming homes and improving lives. Discuss how your skills and experience align with the role and how you're excited to contribute to Fortune Brands Innovations' commitment to innovation and quality in the home products industry.

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DATE POSTED
April 5, 2025

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