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Product Portfolio Manager

Are you looking for an exciting job where you can put your skills and talents to work at a company you can feel proud to be a part of? Do you want a workplace that will challenge you and offer you opportunities to learn and grow? A position at Xcel Energy could be just what you’re looking for.Position SummaryManage all aspects of product life cycle to meet or exceed P&L or Renewables, Solar and Battery goals across C&I or Mass segments. Manage all aspects of the portfolio's marketing mix, communications, training, and support needs. Drive effectiveness of product delivery and customer satisfaction.Essential Responsibilities• Responsible for the corporation's product market vision, plans and status to meet market segments' needs and product goals. Oversee and ensure all portfolio strategies meet corporate and customer needs.• Implement all aspects of portfolio's marketing mix including: pricing, sales channels, launch activities, acquisition and retention, life-cycle management and customer migration paths. Manage all aspects of daily product portfolio issues across segments to meet goals. Provide work direction to achieve goals.• Develop budgets, sales forecasts, and Renewables, Solar and Battery products/programs. Track the progress of each portfolio (P&L) and product against target. Accountability to product P&L. Ensure programs are being implemented within regulatory policies and requirements (specific for each state).• Drive and champion recommendations to Product Development of new technologies available. Ensure product content and prices are accurate.Minimum Requirements• College degree required. MBA preferred.• Four years of experience in marketing, product management or product development is required.• Team and peer leadership with excellent communications skills and proven results.• For DSM portfolio management, two years experience with regulatory requirements and conservation programs is mandatory.As a leading combination electricity and natural gas energy company, Xcel Energy offers a comprehensive portfolio of energy-related products and services to 3.4 million electricity and 1.9 million natural gas customers across eight Western and Midwestern states. At Xcel Energy, we strive to be the preferred and trusted provider of the energy our customers need. If you’re ready to be a part of something big, we invite you to join our team.All qualified applicants will receive consideration for employment without regard to age, race, color, religion, sex, sexual orientation, gender identity, national origin, disability, or status as a protected veteran.Individuals with a disability who need an accommodation to apply please contact us at recruiting@xcelenergy.com.Non-BargainingThe anticipated starting base pay for this position is: $81,000.00 to $115,867.00 per yearThis position is eligible for the following benefits: Annual Incentive Program, Medical/Pharmacy Plan, Dental, Vision, Life Insurance, Dependent Care Reimbursement Account, Health Care Reimbursement Account, Health Savings Account (HSA) (if enrolled in eligible health plan), Limited-Purpose FSA (if enrolled in eligible health plan and HSA), Transportation Reimbursement Account, Short-term disability (STD), Long-term disability (LTD), Employee Assistance Program (EAP), Fitness Center Reimbursement (if enrolled in eligible health plan), Tuition reimbursement, Transit programs, Employee recognition program, Pension, 401(k) plan, Paid time off (PTO), Holidays, Volunteer Paid Time Off (VPTO), Parental LeaveBenefit plans are subject to change and Xcel Energy has the right to end, suspend, or amend any of its plans, at any time, in whole or in part.Deadline to Apply: 01/02/25EEO is the Law | EEO is the Law Supplement | Pay Transparency Nondiscrimination | Equal Opportunity Policy (PDF) | Employee Rights (PDF)ACCESSIBILITY STATEMENTXcel Energy endeavors to make https://www.xcelenergy.com/ accessible to any and all users. If you would like to contact us regarding the accessibility of our website or need assistance completing the application process, please contact Xcel Energy Talent Acquisition at recruiting@xcelenergy.com. This contact information is for accommodation requests only and cannot be used to inquire about the status of applications.

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$67K

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What You Should Know About Product Portfolio Manager, Xcel Energy

Are you ready to empower your career as a Product Portfolio Manager at Xcel Energy in Nicollet, MN? This is an exciting opportunity for individuals who are passionate about the energy sector and want to make a significant impact. In this role, you'll manage all aspects of product lifecycle management for renewables, solar, and battery solutions tailored for commercial and industrial (C&I) or mass segments. Your responsibilities will include overseeing marketing strategies and ensuring that our offerings meet the needs of both customers and the market. You're not just managing a portfolio; you're shaping the company's approach to energy solutions. You'll develop budgets, track progress against targets, and drive recommendations for product development that align with new technologies. We value strong leadership, effective communication skills, and proven results in marketing or product management—essential qualities for driving product effectiveness and customer satisfaction. Plus, with Xcel Energy's commitment to supporting your growth, you'll have ample opportunities for learning and career development. If you're excited about joining a forward-thinking team that values innovation and sustainability, then Xcel Energy could be the perfect place for you to thrive!

Frequently Asked Questions (FAQs) for Product Portfolio Manager Role at Xcel Energy
What are the key responsibilities of a Product Portfolio Manager at Xcel Energy?

As a Product Portfolio Manager at Xcel Energy, your key responsibilities will include managing the entire product lifecycle for the renewables sector, developing marketing strategies, overseeing product pricing and sales channels, and ensuring that products align with customer needs. You'll also be tasked with managing daily product portfolio issues and ensuring efficient product delivery to maximize customer satisfaction.

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What qualifications do I need to apply for the Product Portfolio Manager position at Xcel Energy?

To be considered for the Product Portfolio Manager role at Xcel Energy, you need a college degree, with an MBA preferred. Additionally, four years of experience in marketing, product management, or product development is essential. For DSM portfolio management, familiarity with regulatory requirements and conservation programs is mandatory.

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How does Xcel Energy support professional growth for a Product Portfolio Manager?

Xcel Energy is committed to the professional growth of its employees. As a Product Portfolio Manager, you will have access to comprehensive training programs, mentoring opportunities, and resources that foster ongoing development. The company's culture encourages continuous learning and innovation, allowing you to build your skills and advance your career.

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What is the expected salary range for a Product Portfolio Manager at Xcel Energy?

The anticipated starting base pay for the Product Portfolio Manager position at Xcel Energy ranges from $81,000 to $115,867 per year, depending on qualifications and experience. This competitive compensation package reflects the value the company places on its employees.

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What benefits can I expect as a Product Portfolio Manager at Xcel Energy?

As a Product Portfolio Manager at Xcel Energy, you will enjoy a robust benefits package that includes health insurance, a retirement plan, tuition reimbursement, paid time off, and various wellness programs. Xcel Energy strives to provide a supportive work environment with benefits that cater to the diverse needs of its employees.

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Common Interview Questions for Product Portfolio Manager
Can you describe your experience in managing product portfolios?

When answering this question, highlight your previous roles where you managed product portfolios. Discuss your approach to lifecycle management, your strategies for ensuring product market fit, and any successful outcomes, such as increased sales or customer satisfaction metrics.

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How do you prioritize tasks when managing multiple products at once?

It's important to explain your method for prioritization. You might mention techniques such as using project management tools, categorizing tasks by urgency and importance, or how you align tasks with company goals. Provide examples of how you've successfully managed competing deadlines.

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What strategies would you implement to improve customer satisfaction?

Discuss specific strategies you would utilize, such as gathering customer feedback, leveraging data analytics to identify trends, and implementing changes based on customer insights. Show your understanding of how customer satisfaction directly impacts loyalty and sales.

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How do you stay updated on market trends and technological changes in the energy sector?

Describe your methods for staying informed, such as subscribing to industry publications, following thought leaders on social media, and participating in relevant webinars or conferences. Emphasize your proactive nature in adapting to changes in the market.

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Can you provide an example of how you’ve contributed to a product’s success?

Prepare to share a specific example that outlines the situation, your role, the actions you took, and the results. This could relate to launching a new product or improving an existing one. Use metrics to illustrate success, such as sales growth or enhanced stakeholder engagement.

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What experience do you have with regulatory compliance in product management?

Discuss your familiarity with the regulatory landscape related to energy products, any relevant experiences you've had with compliance, and how you ensure that products meet all necessary legal requirements while still being attractive to customers.

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How do you define a successful product launch?

Describe the key metrics you consider when defining a successful product launch, such as achieving sales targets, market penetration, customer feedback, or brand awareness. Discuss how you would gather and analyze these metrics post-launch.

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How do you approach collaboration with cross-functional teams?

Illustrate your collaborative nature by providing examples of past experiences where you worked with marketing, sales, and engineering teams. Highlight communication strategies you employed to ensure alignment towards common goals.

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In your opinion, what are the key challenges facing the energy sector today?

Talk about your understanding of current challenges such as sustainability, regulatory pressures, or technological advancements. Share your insights on how companies can navigate these challenges while positively impacting their product portfolios.

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What motivates you to pursue a career in product management within the energy sector?

This is a chance to express your passion for energy and sustainability. Discuss any personal experiences or beliefs that drive your commitment to this field. Your genuine enthusiasm can set you apart from other candidates.

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We believe that a diverse workforce makes us strong, and we offer a dynamic workplace where employees are challenged, respected and rewarded for their performance. Our values of inclusion run deep. The Human Rights Campaign has recognized Xcel En...

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December 11, 2024

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