Industrial Product Manager

Job Title: Industrial Product Manager

Job Location: Wickliffe, Ohio

Job type: Full-time

Type of role: On-site

About Lubrizol

The Lubrizol Corporation, a Berkshire Hathaway company, is a specialty chemical company whose science delivers sustainable solutions to advance mobility, improve wellbeing and enhance modern life. Founded in 1928, Lubrizol owns and operates more than 100 manufacturing facilities, sales, and technical offices around the world and has about 8,000 employees. For more information, visit www.Lubrizol.com.

We value diversity in professional backgrounds and life experiences. By enabling a consistent, unbiased, and transparent recruitment process, Lubrizol seeks to create a positive experience for candidates so we can get to know them at their best. We recognize unique work and life situations and offer flexibility, ensuring our employees feel engaged and fulfilled in every aspect of life.

Join Our Thriving Team at Lubrizol as an Industrial Product Manager

Unleash Your Potential. At Lubrizol we're transforming the specialty chemicals & additives industry and looking for exceptional talent to join us on this journey. If you are ready to join an international company with talent around the world, and want to make a real impact, we want you on our team.

What You'll Do:

The primary responsibility of a Product Manager is to develop and implement comprehensive product line strategies to drive the long-term financial health of the assigned product line. The Product Manager will own and manage the product life cycle, from ideation to commercialization, and coordinate with cross-functional teams such as strategic marketing, R&D, sales, procurement, supply chain and operations to ensure the overall competitiveness and profitability of the product line.

What We're Looking For:

Key Accountabilities:

• Develop, implement, and manage product line strategies that align with Lubrizol’s corporate strategy.
  • Management of assigned product line (s), including:
    • Ensure volume forecasts are consistent with market trends.
    • Price/volume decision making, monitor product margins.
    • Monitor product performance and make data-driven decisions to optimize product portfolio, profitability, and market share.
    • Assist Commercial organization on contract management with valuable competitive product, pricing and margin analysis.
    • Provide inputs for the annual profit plan targets setting (volume, revenue, margin) and lead its execution.
    • Pricing gatekeeper, Tier 1 approver.
• Develop pricing strategies that optimize profitability while remaining competitive in the market.
• In collaboration with Strategic Marketing Manager, lead cross-functional teams in the development, launch, and commercialization of new products and ongoing product support.
• Manage the product lifecycle from ideation to product launch and beyond, ensuring on-time delivery and profitability.
• Collaborate with Operations, Procurement and Supply Chain to manage asset and operational decisions in support of the product line.

Specific Tasks:

• Collaborate with R&D to develop new products or improve existing ones to meet customer needs.
• Collaborate with Strategic Marketing Manager to develop a deep understanding of customer needs, market trends, and competitive landscape to guide product development and positioning.
• Develop product positioning, value proposition and messaging to differentiate the product line from competitors.
• Support implementation of marketing plans to generate awareness and demand for the products.
• Collaborate with sales teams to provide training and resources to effectively sell the product line.
• Monitor performance, make data-driven decisions to optimize the product portfolio and profitability.
• Drive product success and profitability, ensuring the product line meets the needs of target customers.

Skills That Make a Difference:

A strong product manager should be a well-rounded individual with a combination of technical, market, and business skills, as well as strong communication and leadership abilities.

• Bachelor's degree in Chemistry, Chemical Engineering, or related field; MBA is a plus.
• Minimum of 5+ years of (ideally multi-functional) experience within the specialty chemicals industry, industrial lubricant market experience a plus.
• Strong background in specialty chemicals, and understanding of product development processes
• Business Acumen: Good understanding of the financial aspects of the product line, including pricing, margins, and profitability. Ability to make sound business decisions based on financial analysis.
• Leadership and Collaboration: Ability to lead, motivate and collaborate effectively with cross-functional teams, including R&D, operations, sales, and marketing.
• Communication Skills: Strong written and verbal communication skills to effectively interact with a variety of stakeholders, including customers, internal teams, and senior leadership.
• Market Understanding: Strong understanding of the relevant markets, including customer needs, competitor analysis, and market trends.
• Technical Knowledge: Good understanding of the technical aspects of the products they are managing, including chemical composition, applications, and manufacturing processes.
• Analytical Skills: Ability to analyze and interpret market and financial data and use it to make informed decisions, including tracking and analyzing product performance metrics and market trends.

Key Metrics:

• Profitability of the Product Line
• Return on Invested Capital (ROIC)
• Time-to-Market
• Customer Satisfaction
• Market Share

Perks and Rewards That Inspire:

• Competitive salary with performance-based bonus plans
• 401K Match plus Age Weighted Defined Contribution
• Competitive medical, dental & vision offerings
• Health Savings Account
• Paid Holidays, Vacation, Parental Leave
• Flexible work environment

Learn more at benefits.lubrizol.com!

Ready for your next career step? Apply today and let's shape the future together!

It’s an exciting time to be part of Lubrizol. Lubrizol is not staying put. We are continually learning and evolving. Our passion delivers our success — not only for Lubrizol but for those who count on us every day: our employees, customers, and communities.

As a diverse, global team, we work together to solve some of the world’s most pressing challenges. We impact everyday lives through science only Lubrizol can deliver, and we never stop pushing to do it better.

One of the founding principles of The Lubrizol Corporation more than 90 years ago was treating every employee with dignity and respect. That same commitment is only stronger today. More than that, we are committed to providing an environment where every employee can be the best they can be, no matter their race, color, religion, sex, national origin, sexual orientation, gender identity, disability, or protected veteran status, or any other characteristic. 

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