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Product Manager - job 2 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 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 Product Manger will be responsible for the full product lifecycle and will work to develop, manage and maintain our product portfolio.  The 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

Key Responsibilities

  • Provide critical input to situation analysis for assigned product portfolio as part of the annual strategic planning process.
  • With approval from the Group Product Manager, provide pricing for assigned product portfolio driving revenue and margin contribution to achieve P&L objectives.
  • Define market segment priorities and partner with Channel Marketing establish Go To Market strategies and plans to achieve P&L objectives.
  • Develop and execute on 3-year product plan conducting ongoing analysis to align timing and resources.
    • Partner with Global Product Development on product plan execution.
    • Lead cross-functional product development teams and provide marketing leadership at tollgates.
    • Provide direction on value proposition, unique selling proposition, price, margin and supply for new product development.
  • Own product lifecycle management for assigned product portfolio, including all product launches and plans for discontinued product.
  • Partner with Innovation on the definition and scoping of projects. Ensure alignment with brand and SBU objectives.
  • Develop product training content to be delivered internally (to Sales team) and externally (to customers) by Channel Marketing.
  • Partner with Marketing Services/Digital to develop 2D, 3D and digital product collateral.
  • Partner with Global Brand Marketing to ensure alignment of product with brand plan.
  • May manage a Marketing intern.

Qualifications

  • Bachelor’s degree in Marketing, Business or a related field is required; MBA is preferred.
  • Minimum of 5 years of product management experience is required. Prior consumer/durable goods experience is 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.
  • Advanced computer skills. (Excel, PowerPoint, Word, SAP)
  • Ability to travel approximately 15%, mainly to customer locations.

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: $80,000 USD - $126,500 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.

 

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

$103250 / YEARLY (est.)
min
max
$80000K
$126500K

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 Product Manager, Fortune Brands

As a Product Manager at Fortune Brands Innovations, Inc., you'll be stepping into an exciting role where your insights and creativity will directly impact the beloved Moen brand. Your main mission will be to act as a product expert, truly understanding consumer and customer needs, and leading a dynamic team throughout the entire product lifecycle. This means you'll have a hand in developing innovative products while ensuring they align perfectly with our vision of creating smarter and more beautiful homes. Your responsibilities will range from analyzing market trends to pricing strategies, all aimed at maximizing revenue and achieving our P&L objectives. With a hybrid work schedule based in Deerfield, Illinois, you’ll also get to enjoy a vibrant work environment that fosters collaboration and creativity. Plus, with travel opportunities of up to 15% to customer locations, your role will allow you to engage with consumers directly, ensuring the products we create genuinely resonate with their needs. With a minimum of five years of product management experience required, your analytical skills and ability to work cross-functionally will contribute significantly to every phase of product development. We're all about empowering diverse voices and perspectives, so if you're ready to elevate lives through innovative product solutions as our new Product Manager, we can’t wait to meet you!

Frequently Asked Questions (FAQs) for Product Manager Role at Fortune Brands
What are the key responsibilities of a Product Manager at Fortune Brands Innovations, Inc.?

As a Product Manager at Fortune Brands Innovations, Inc., you will manage the full product lifecycle for the Moen brand. Your responsibilities will include conducting market analysis, defining market segment priorities, leading product development teams, and developing effective go-to-market strategies, all aimed at achieving profitable outcomes.

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What qualifications are needed to apply for the Product Manager position at Fortune Brands Innovations, Inc.?

To qualify for the Product Manager role at Fortune Brands Innovations, Inc., candidates should possess a bachelor’s degree in Marketing, Business, or a related field, along with a minimum of five years of product management experience. An MBA is preferred, with strong analytical and communication skills being essential.

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How does the Product Manager contribute to the P&L objectives at Fortune Brands Innovations, Inc.?

The Product Manager at Fortune Brands Innovations, Inc. plays a crucial role in driving revenue and margin growth. You will provide pricing input for your product portfolio, analyze market trends, and develop strategic plans that align with the company’s P&L objectives, ensuring profitability throughout the product lifecycle.

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What type of team environment can I expect as a Product Manager at Fortune Brands Innovations, Inc.?

At Fortune Brands Innovations, Inc., you can expect a collaborative and inclusive team environment. As a Product Manager, you’ll work closely with cross-functional teams, including marketing, development, and sales, fostering a culture of creative collaboration to drive product success.

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What is the travel requirement for the Product Manager position at Fortune Brands Innovations, Inc.?

The Product Manager position at Fortune Brands Innovations, Inc. involves travel requirements of up to 15%, mainly to customer locations. This allows you to engage directly with consumers and gain insights that will inform product development and improvement.

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Common Interview Questions for Product Manager
What experience do you have in product lifecycle management as a Product Manager?

When answering this question, you should highlight your specific experiences with managing products from inception to retirement. Discuss methodologies you've used, like Agile or Waterfall, and cite concrete examples of how you've navigated the challenges and successes at different stages of the lifecycle.

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How do you prioritize features for a new product launch?

Illustrate your approach to prioritization by discussing frameworks like MoSCoW or Kano Model. Provide examples of past products where you had to balance consumer needs, market trends, and profitability metrics to determine the key features that would drive success.

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Can you describe a time when you led a cross-functional team?

Focus on a specific project where you acted as the Product Manager leading a diverse team. Explain the dynamics of the team, your leadership style, how you fostered collaboration, and the outcome of the project, showcasing your ability to motivate team members.

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What strategies do you use for market analysis to support product development?

Discuss specific analytic techniques you employ, such as SWOT analysis or market research surveys, and how these insights guide your product decisions. It's beneficial to use real examples that demonstrate your analytical skills and decision-making processes.

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How do you handle negative feedback on a product?

Explain how you view negative feedback as an opportunity for growth. Share an example of a product that received critique and how you used the feedback to drive improvements, emphasizing the importance of customer satisfaction and iterative development.

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What methods do you use to develop pricing strategies for products?

Outline your approach to setting prices by considering factors such as cost, market demand, competitor pricing, and customer segments. Discuss any experience with A/B testing or value-based pricing approaches that helped inform your decisions.

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How do you ensure products align with overall brand strategy?

Share your experience in utilizing brand guidelines and working closely with brand marketing teams. Give examples of how you’ve aligned product features, messaging, and marketing efforts to reinforce the brand’s positioning in the market.

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

Describe the ways you gather customer feedback, such as surveys, focus groups, or user testing, and how this information influences product enhancements. Be sure to highlight the impact of incorporating customer insights on product success.

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How do you stay updated on market trends relevant to your product?

Mention your strategies for keeping informed, such as subscribing to industry publications, attending conferences, networking with industry experts, or leveraging tools like Google Trends. This shows your proactive approach to remaining competitive in the market.

Join Rise to see the full answer
Can you share an experience where you had to pivot a product strategy based on market demands?

Provide a specific example of a time when you had to adapt a product strategy due to changing market conditions or customer demands. Discuss the decision-making process, the team involved, and the successful outcome achieved through this pivot.

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EMPLOYMENT TYPE
Full-time, hybrid
DATE POSTED
April 18, 2025

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