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Product Line Manager-Medical

Your JobMolex is growing in the Optical Solutions Business Unit and is looking for a growth-minded person to join our team as a Product Line Manager over our Medical line. If you are looking for a way to accelerate your career and be part of a great company, this may be the opportunity for you.In this role you will have the opportunity to work with highly dedicated professionals at Molex and bring your experience and knowledge to be recognized as a PM within the Fiber Optic Connectivity Group. The Product Manager will be the focal point driving commercialization, sales, and product development efforts with broad responsibilities to lead activity across internal and external clients including customers, suppliers, engineering, manufacturing, quality, channel partners and strategic marketing.The Product Manager will engage with Molex’s Global Sales team and directly with our customers to foster long-term relationships, design in and negotiate profitable revenue.The preferred location is in the Lisle, IL. In addition, travel to our global design centers or manufacturing plants will be expected.Our TeamMolex creates connections for life by enabling technologies that transform the future and improve lives. With a presence in more than 40 countries, Molex offers a complete range of connectivity products, services and solutions for the data communications, medical, industrial, automotive and consumer electronics industries.What You Will Do• Develop strategy to capture current market/revenue growth opportunities as well as a 5-10 year strategic vision.• Define product roadmaps, functional requirements, documentation and market development opportunities, prioritizing guidance to the development organization.• Develop sound points of view on technologies, product, customer, competitors, and convert market trends into actionable product line strategies.• Define, execute, and manage pricing strategy, P&L, and manufacturing footprint for product portfolio, including compilation of competitive price points to manage future price erosion.• Responsible for directing product line transactional activities through daily collaboration with support staff, channel partners, representative firms, engineering, and the manufacturing facilities.• Manage product lifecycle and portfolio management activities.• Sales & Marketing• Lead customer segmentation and value chain activities to identify key decision makers and design opportunities.• Drive creation and implementation of data sheets, brochures, web content and marketing collateral within various Molex content management systems.• Engage with customers in the development of new products, specifications and technical requirements which are used by the various teams in commercialization activities• Create strategy and inputs to pricing systems for assigned product lines• Track and monitor product and program launches to support build timing and sample requirements.• Drive creation and deliver product trainings to support the global sales force and customers.• Develop growth and penetration strategies for underdeveloped customers and markets.• Travel to meet with customers, channel partners and suppliers to understand needs, capabilities and ultimately design in products that meet & exceed requirements.• Define and coordinate marketing strategies for trade shows , advertising, promotions, incentive programs and channel partner programs.Who You Are (Basic Qualifications)• Bachelor’s degree in product management, engineering, or business• Five (5) years or more of experience in Product Management, Product Development• Experience in medical markets• Experience in P&L, cost analysis, and pricing• Experience interfacing directly with customers and suppliers at multiple levels• Experience preparing business plans, product promotion, customer and industry engagement with strong presentation and speaking skillsWhat Will Put You Ahead• Two (2) years or more experience in medical markets• Experience working with, in or supporting distribution sales and representative firms• Experience with reporting and analysis, PowerBI• B2B business or technical experienceIn order to comply with U.S. export control laws and regulations, this position requires applicants to either provide proof of U.S. citizenship or lawful permanent resident status or be eligible to receive an export authorization (a license) under the International Traffic in Arms Regulations and/or the Export Administration Regulations.At Koch companies, we are entrepreneurs. This means we openly challenge the status quo, find new ways to create value and get rewarded for our individual contributions. Any compensation range provided for a role is an estimate determined by available market data. The actual amount may be higher or lower than the range provided considering each candidate's knowledge, skills, abilities, and geographic location. If you have questions, please speak to your recruiter about the flexibility and detail of our compensation philosophy.For this role, we anticipate paying $100,000 - $150,000 per year. This role is eligible for variable pay, issued as a monetary bonus or in another form.Hiring PhilosophyAll Koch companies value diversity of thought, perspectives, aptitudes, experiences, and backgrounds. We are Military Ready and Second Chance employers. Learn more about our hiring philosophy here.Who We AreAs a Koch company, Molex is a leading supplier of connectors and interconnect components, driving innovation in electronics and supporting industries from automotive to health care and consumer to data communications. The thousands of innovators who work for Molex have made us a global electronics leader. Our experienced people, groundbreaking products and leading-edge technologies help us deliver a wider array of solutions to more markets than ever before.At Koch, employees are empowered to do what they do best to make life better. Learn how our business philosophy helps employees unleash their potential while creating value for themselves and the company.Our BenefitsOur goal is for each employee, and their families, to live fulfilling and healthy lives. We provide essential resources and support to build and maintain physical, financial, and emotional strength - focusing on overall wellbeing so you can focus on what matters most. Our benefits plan includes - medical, dental, vision, flexible spending and health savings accounts, life insurance, ADD, disability, retirement, paid vacation/time off, educational assistance, and may also include infertility assistance, paid parental leave and adoption assistance. Specific eligibility criteria is set by the applicable Summary Plan Description, policy or guideline and benefits may vary by geographic region. If you have questions on what benefits apply to you, please speak to your recruiter.Additionally, everyone has individual work and personal needs. We seek to enable the best work environment that helps you and the business work together to produce superior results.Equal OpportunitiesEqual Opportunity Employer, including disability and protected veteran status. Except where prohibited by state law, some offers of employment are conditioned upon successfully passing a drug test. This employer uses E-Verify. Please click here for additional information. (For Illinois E-Verify information click here, aquí, or tu).

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What You Should Know About Product Line Manager-Medical, Molex

Molex is on the lookout for a dynamic Product Line Manager for our Medical line in Lisle, IL, where innovation meets opportunity. If you're keen on leveraging your passion for product management in the fast-paced medical market, this role is designed for you. As a Product Line Manager, you will collaborate with an illustrious team and represent the Fiber Optic Connectivity Group. Your mission will be to drive commercialization, engage with customers and partners, and shape our product strategies to capture exciting market opportunities. Responsibilities include defining product roadmaps, executing pricing strategies, and managing product lifecycle activities. You'll build long-lasting relationships with customers and partners, gaining insights that funnel into product development and market strategies. This role isn't just about managing products; it's about being an integral part of a company that creates connections for life. With travel expected to our global design centers and manufacturing plants, you'll have a chance to expand your professional horizons. We're looking for someone with a strong background in product management and a sound understanding of medical markets. This is not just a job; it's a chance to join a global leader in connectivity solutions and make a real difference in people's lives while growing your career. Come be a part of our mission to improve lives through technology.

Frequently Asked Questions (FAQs) for Product Line Manager-Medical Role at Molex
What are the main responsibilities of a Product Line Manager at Molex?

As a Product Line Manager at Molex, your main responsibilities will include developing strategies to identify market growth opportunities, defining product roadmaps, and overseeing the product lifecycle. You will collaborate closely with sales teams, customers, and engineering to drive product commercialization and ensure that our offerings meet market needs. An emphasis will also be placed on fostering relationships with key stakeholders and executing pricing strategies.

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What qualifications are required for the Product Line Manager position at Molex?

To qualify for the Product Line Manager role at Molex, you should have a bachelor's degree in product management, engineering, or business, and preferably five years or more of experience in product management or product development, especially within the medical markets. Strong presentation skills and experience working with customers and suppliers at various levels are also essential.

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What is the expected salary range for the Product Line Manager role at Molex?

The anticipated salary range for the Product Line Manager position at Molex is between $100,000 and $150,000 per year. This role also includes eligibility for variable pay, which may be issued as a bonus or in another form, which reflects the company's performance and your contributions.

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What kind of travel is involved for the Product Line Manager at Molex?

The Product Line Manager at Molex should expect to travel regularly to meet with customers, channel partners, and suppliers. This travel may include visits to our global design centers and manufacturing plants, allowing you to gain firsthand insights into operations and customer needs.

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How does Molex support the professional growth of its Product Line Managers?

Molex is dedicated to fostering the professional development of its employees. As a Product Line Manager, you will have access to various growth opportunities, including training sessions, mentorship programs, and the chance to lead projects that have a significant impact. Molex encourages innovation and will support you in pursuing strategies that enhance your skills and advance your career.

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Common Interview Questions for Product Line Manager-Medical
Can you describe your experience with product lifecycle management?

In answering this question, highlight specific examples of how you've managed the lifecycle of a product, including stages from development to discontinuation. Discuss how your decisions led to successful product outcomes and improved market performance.

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How do you prioritize product features and customer feedback?

Discuss your methodology for prioritizing product features, including how you gather customer feedback and analyze market trends. Emphasize your ability to balance various input sources to create a product roadmap that aligns with business goals.

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What strategies would you implement to grow the medical product line?

This is your opportunity to showcase your strategic thinking. Discuss potential market opportunities, customer segments you would target, and innovative ideas that could set Molex’s medical product line apart from competitors.

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

Explain your approach to resolving conflicts, focusing on communication and collaboration. Provide examples of past experiences where you navigated differing opinions to achieve a successful outcome.

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What metrics do you use to measure product success?

Discuss the key performance indicators you rely on, such as sales growth, market share, and customer satisfaction. Highlight how you use these metrics to guide future strategy and improve the product offering.

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How would you approach creating a pricing strategy for a new product?

Describe your method for developing a pricing strategy, touching on market research, cost analysis, and competitive pricing. Highlight the importance of aligning the pricing model with the company's overall business goals.

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Can you share an example of a successful product launch you managed?

Provide a detailed narrative around a product launch you led, including the planning process, the team involved, challenges faced, and the overall impact it had on the business. Make sure to emphasize teamwork and leadership.

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What role does data analysis play in your product management decisions?

Talk about the importance of data in driving decision-making. Provide examples of how you've used data analytics tools to derive insights that informed your product strategies, development, and marketing efforts.

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How do you stay updated with industry trends and competitor activities?

Share your methods for staying informed, such as attending industry conferences, networking with professionals, and subscribing to relevant publications. Highlight how this knowledge has benefited your past roles.

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What are the key skills that a successful Product Line Manager should possess?

Articulate the essential skills, such as strategic thinking, strong communication, leadership abilities, and customer-centric focus. Back up your points with examples of how these skills contributed to your success in previous roles.

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Molex makes a connected world possible by enabling technology that transforms the future and improves lives. By continually adapting to help customers advance designs in the areas of greatest impact, we join those who share our mission to create b...

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March 20, 2025

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