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Principal Product Manager

Company Description

IFS is a billion-dollar revenue company with 7000+ employees on all continents. Our leading AI technology is the backbone of our award-winning enterprise software solutions, enabling our customers to be their best when it really matters–at the Moment of Service™. Our commitment to internal AI adoption has allowed us to stay at the forefront of technological advancements, ensuring our colleagues can unlock their creativity and productivity, and our solutions are always cutting-edge.

At IFS, we’re flexible, we’re innovative, and we’re focused not only on how we can engage with our customers but on how we can make a real change and have a worldwide impact. We help solve some of society’s greatest challenges, fostering a better future through our agility, collaboration, and trust.

We celebrate diversity and understand our responsibility to reflect the diverse world we work in. We are committed to promoting an inclusive workforce that fully represents the many different cultures, backgrounds, and viewpoints of our customers, our partners, and our communities. As a truly international company serving people from around the globe, we realize that our success is tantamount to the respect we have for those different points of view.

By joining our team, you will have the opportunity to be part of a global, diverse environment; you will be joining a winning team with a commitment to sustainability; and a company where we get things done so that you can make a positive impact on the world.

We’re looking for innovative and original thinkers to work in an environment where you can #MakeYourMoment so that we can help others make theirs. With the power of our AI-driven solutions, we empower our team to change the status quo and make a real difference.

If you want to change the status quo, we’ll help you make your moment. Join Team Purple. Join IFS.

Job Description

We are seeking an experienced Product Manager to join our team as we develop cutting-edge AI-based Aerospace & Defense software solutions. In this role, you will be responsible for the identification of investment cases, working closely with cross-functional teams and stakeholders to lead investment planning and evangelizing the product vision.

As a Product Manager, you will drive product strategy and roadmap planning, considering market trends, competitor analysis, and customer feedback. You will collaborate with engineering teams to prioritize features and help provide clarity on investment themes. Additionally, you will be responsible for defining and monitoring key performance indicators (KPIs) to measure product success and make data-driven decisions.

The preferred candidate will have a strong background in the A&D industry, with experience in defense manufacturing and supply chain, having worked with a defense vendor/OEM. The candidate will also have experience with the use of software in the A&D industry, understanding government technology acquisition processes, and the regulations and compliance around it. Exceptional communication and leadership skills are crucial for this role, as you will be responsible for leading cross-functional teams and presenting product updates to stakeholders.

As a Product Manager in Aerospace and Defense, you will report into the VP of Product Management, A&D and you are responsible for:

  • Developing and executing product strategies and roadmaps for defense-related products, aligning with company objectives and market opportunities. 
  • Conducting comprehensive market and competitive analyses specific to the defense industry, identifying trends, customer needs, and building business cases for potential opportunities. 
  • Engaging with defense customers, stakeholders, and end-users to gather requirements, solicit feedback, and ensure products meet or exceed their expectations. 
  • Leveraging knowledge of existing defense standards, specifications, and prior solicitations to inform and drive product requirements. 
  • Collaborating with engineering and design teams to prioritize features and help guide product development.
  • Defining and monitoring key performance indicators (KPIs) to measure product success.
  • Working closely with cross-functional teams and stakeholders to drive transparency and enablement of product updates and roadmap plans.
  • Helping develop and implement go-to-market strategies for defense products, including pricing and positioning. 

Qualifications

  • A degree in Software Engineering, or a related STEM field; MBA is a plus
  • 10+ years relevant experience with increasing responsibilities – A&D industry experience necessary, working with a defense manufacturer/contractor
  • Proven experience in bringing defense products from concept to deployment
  • Experience working with Department of Defense (DoD), military contractors, or other government agencies.
  • Comprehensive understanding of defense acquisition processes and regulatory requirements, including FAR, DFARS, ITAR, MIL-STD and FedRamp etc. A good understanding of government reporting requirements is also required.
  • Deep experience in managing through influence and driving results through cross functional teams
  • Excellent communication and presentation skills, with experience interfacing with customers and senior leadership. 
  • US Citizenship required
  • This role is able to be located 100% remote within the US with 15-20% travel

Additional Information

We embrace flexibility and hybrid work opportunities to support diverse needs and lifestyles, while also valuing inclusive workplace experiences. By fostering a sense of community, we drive innovation, strengthen connections, and nurture belonging. Our commitment ensures you can work in a way that suits you best, while also engaging with colleagues to share ideas and build meaningful relationships.

All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, or status as a protected veteran. VEVRAA Federal Contractor, Equal Opportunity Employer

All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, or status as a protected veteran. VEVRAA Federal Contractor, Equal Opportunity Employer

Average salary estimate

$140000 / YEARLY (est.)
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$120000K
$160000K

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 Principal Product Manager, IFS

Are you ready to take your career to new heights as a Principal Product Manager at IFS in vibrant Itasca, IL? If you're passionate about developing cutting-edge AI-based solutions for the Aerospace & Defense sector, this is the role for you! At IFS, we're not just another tech company; we're at the forefront of innovation, empowering our clients during their most critical moments through our revolutionary enterprise software solutions. As a Principal Product Manager, you will spearhead the product strategy and roadmap for our defense-related products, collaborating closely with cross-functional teams and stakeholders to ensure that each product aligns with market trends and customer needs. Your ability to draw insights from comprehensive market analysis will help shape our offerings and ensure we stay ahead of the curve. With your extensive experience in the A&D industry and defense manufacturing, you’ll clearly understand defense standards and government technology acquisition processes. At IFS, we value exceptional communication and leadership skills, as you will guide your team through influence and present product updates to key stakeholders. Your efforts will directly contribute to building sustainable and innovative solutions that make a positive impact on society. Join us and be a part of our mission to enhance the effectiveness of defense organizations worldwide. If you're looking for an opportunity to truly make your mark and be part of a community that embraces diversity and supports your growth, come shape the future with us at IFS!

Frequently Asked Questions (FAQs) for Principal Product Manager Role at IFS
What are the responsibilities of a Principal Product Manager at IFS?

As a Principal Product Manager at IFS, you will be responsible for leading the product strategy and roadmap for our Aerospace & Defense software solutions. This includes identifying investment cases, conducting market and competitive analysis, and engaging with stakeholders to gather requirements and feedback. You will prioritize product features while collaborating closely with engineering teams, monitor key performance indicators for product success, and drive go-to-market strategies for defense products.

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What qualifications are needed for the Principal Product Manager position at IFS?

To qualify for the Principal Product Manager role at IFS, candidates should ideally possess a degree in Software Engineering or a related STEM field; an MBA is a plus. You should have over 10 years of relevant experience, particularly in the Aerospace & Defense industry, ideally working with defense manufacturers or contractors. Familiarity with defense acquisition processes and standards such as FAR and ITAR is essential, along with excellent communication skills.

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How does IFS approach product development in the Aerospace & Defense sector?

At IFS, product development in the Aerospace & Defense sector is driven by a deep understanding of market needs and regulatory frameworks. The Principal Product Manager will conduct comprehensive market analyses and engage with customers to ensure that the products we develop meet the highest standards and expectations. We leverage our innovative AI technology to identify opportunities that have the potential to change the landscape of defense solutions.

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What is the work environment like for a Principal Product Manager at IFS?

Working at IFS means being part of a supportive and flexible environment that fosters innovation and collaboration. As a Principal Product Manager, you will have the opportunity to work both remotely and on-site, with the expectation of 15-20% travel for stakeholder engagement. We value a diverse workforce, encouraging creativity and unique perspectives to drive our mission forward.

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Can you tell me about the team culture at IFS?

The team culture at IFS is defined by collaboration, inclusivity, and a strong commitment to making a positive impact. We believe in empowering our employees to voice their ideas and contribute to meaningful projects. As a Principal Product Manager, you will become part of a diverse global team that values the respect and inclusion of different backgrounds and viewpoints, which makes our approach to problem-solving unique and effective.

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Common Interview Questions for Principal Product Manager
Can you describe your experience with product strategy development in the A&D sector?

During the interview, explain your specific experiences in developing product strategies for defense-related solutions. Highlight successful examples where you identified market trends and customer needs, and how you collaborated with different teams to align product goals with those insights.

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How do you prioritize features in a product roadmap?

Illustrate your approach to prioritization by discussing frameworks you use, such as the MoSCoW method or weighted scoring models. Provide examples of how you effectively balance customer feedback with technical feasibility and market demand to prioritize key features.

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

Emphasize the importance of customer feedback in refining products. Discuss methods you use to collect and analyze feedback, such as surveys, interviews, or usability testing, and how this data influenced your product decisions and roadmap adjustments.

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How do you ensure compliance with defense regulations and standards?

Express your thorough understanding of defense regulations like FAR and ITAR. Provide examples of how you’ve navigated compliance challenges in previous roles, ensuring that your products met necessary requirements throughout development and deployment.

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Describe a challenging project you managed and how you overcame obstacles.

Share a specific instance where you faced significant hurdles during a project. Explain your proactive strategies for problem-solving, teamwork, and communication that led to a successful outcome despite challenges.

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How do you communicate product updates to stakeholders?

Discuss your communication strategy tailored for various stakeholders. Highlight the tools you utilize (like dashboards or presentations) and how you ensure the flow of information remains transparent and actionable throughout the product lifecycle.

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What experience do you have with cross-functional team leadership?

Provide examples of how you've successfully led cross-functional teams. Emphasize collaboration, influence, and how you’ve managed differing priorities to achieve common goals. Leadership in product management often demands strong interpersonal skills, so detailing this experience will be beneficial.

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What key performance indicators do you rely on to assess product success?

Respond by identifying specific KPIs relevant to the A&D industry, such as user adoption rates, product performance metrics, or revenue growth. Discuss how you define these indicators and their impact on future product iterations and business strategies.

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Can you elaborate on your experience with go-to-market strategies for new products?

Talk about specific go-to-market strategies you’ve implemented. Describe your experiences conducting market analysis, pricing strategy development, and launch planning, ensuring that you can showcase your comprehensive understanding of bringing products successfully to market.

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How do you stay updated on industry trends and technologies?

Share the resources and methods you regularly use to stay informed about trends in the A&D sector. Mention industry publications, conferences, networking with professionals, and any continuous learning initiatives you've pursued, demonstrating your commitment to staying ahead.

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At IFS we develop cloud enterprise software for companies who want to be at their best when it matters most to their customers - at the #MomentOfService. This idea resonates with customers, partners and analysts, and has helped fuel growth. But wh...

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Full-time, remote
DATE POSTED
April 15, 2025

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