Senior Product Manager

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

As a Product Manager at Master Lock, you'll be the go-to expert for our consumer security product line, with a focus on major retail channels. You’ll manage the full product lifecycle—from strategic planning and market analysis to product launches and end-of-life transitions. Your mission will be to drive innovation in physical and smart security solutions that protect what matters most to our customers.

In this role, you’ll collaborate cross-functionally to develop and execute a 3-year product roadmap, optimize revenue and margin through strategic pricing, and ensure alignment with Master Lock’s brand and security innovation goals. You’ll lead cross-functional teams through product development, provide key insights for situation analysis, and partner with Channel Marketing to craft compelling go-to-market strategies tailored to the evolving security landscape.

Position 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.

Responsibilities

• Develop long range strategic plans with annual updates for product, channel, process, and business opportunities. Focus needs to be on leveraging existing and creating new protected value.
• Plan and manage new product development projects through the entirety of a stage-gate process. Develop NPD objectives, strategies and timelines to maximize market share growth and profitability.
• Drive category captain leadership with external customers by leveraging analytics/insights for our markets, end users and channels. Collaborate with sales, finance, and revenue growth management teams to execute product line reviews and assortment updates.
• Deliver on P&L targets for assigned product categories.
• Manage the full lifecycle for the assigned portfolio from NPD through obsolescence and inventory disposition.
• Leverage and drive market research and consumer understanding to identify new product opportunities, willingness to pay, positioning, purchase triggers, and decision making. Market research spans qualitative and quantitative from customer VOC to segmentation studies to concept testing and field trials.
• Plan product line pricing, pricing strategy and manage profitability in line with business objectives.
• Collaborate with Brand, Channel Marketing, Digital and Commercialization teams to support development of sales assets, public relations campaigns, and advertising activities.
• Train internal and external customers on products, marketing programs and business developments. Communicate regularly with field sales associates with occasional travel to key accounts and end users.
• Respond to daily customer and field sales inquiries, requests, and concerns.
• Develop library and database of relevant markets and competitors and complimentary offerings, identify and assess potential acquisitions or market expansions.

Qualifications

• A bachelor’s degree in business or engineering is required. An MBA is highly desirable.
• Practical knowledge and experience with the new product development process.
• Experience with connected products/IoT is a plus.
• Minimum of 7 years of relevant experience in product management, marketing or engineering, preferably in a manufacturing and/or consumer durables setting.
• Ability to interpret and leverage insights from pro forma and other financial analysis tools is required.
• Prior industry experience in security is preferred/ideal.
• Highly collaborative, flexibility and communication skills.
• MS Office suite, Oracle
• Occasional travel required (up to 15%).

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: $105,000 USD - $165,000 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.

To protect yourself from fraudulent job postings or recruitment scams, please note that FBIN job postings are exclusively hosted on our careers page at www.fbin.com/careers>.