Product Manager - Power Tools & Equipment

Tool Product Manager

About Us:

Victaulic is a global leader in mechanical pipe joining innovations and is the world's leading producer of mechanical pipe joining solutions. The company has 13 manufacturing facilities and 28 branches worldwide with 4,400 employees who speak 43 languages across the globe. With over 2000 global patents, Victaulic solutions are at work in more than 140 countries across diverse business lines including oil and gas, chemical, mining, power generation, water and wastewater treatment, military and marine, as well as commercial building and fire protection. Since the 1950’s Victaulic has been providing ground-breaking products and system solutions for value and challenges faced by owners, engineers, and contractors.

Job Scope:

The Tool Product Manager role offers an exciting opportunity to drive the strategic direction and innovation of our grooving tools product line, ensuring we maintain a competitive edge and deliver exceptional value to our customers.  This position requires a strategic thinker with a deep understanding of the industry, strong leadership skills, and the ability to collaborate cross-functionally. The Product Manager will own the business viability of a product throughout the entire lifecycle by comparing the actual financial and technical performance in a given market against the business projections.  

Responsibilities:

This role offers a unique opportunity to drive innovation in a dynamic industry, contributing to the success of our organization and ensuring our products meet the evolving needs of our customers.

Product Strategy and Development

• Develop and execute a comprehensive product strategy for the tool portfolio, aligned with company and vertical market specific goals and market trends.  Consisting of:
  • Pipe Grooving
  • Material Handling
  • Product Assembly
  • Pipe and Product Alignment
  • Inspection and Testing
  • Field and Fabrication (products that are fit for both field and fabrication environments)
  • Construction software capabilities
  • Support of all materials, sizes and markets globally
• Conduct in-depth market research to identify gaps, competitor activities, and strategic opportunities for grooving tools. 
• Create and continuously update product roadmaps, outlining the vision, features, and timelines for new grooving tool development and enhancements to existing lines.
• Lead alpha and beta testing phases, ensuring alignment with project timelines.
• Actively participate in Core Team meetings.
• Collaborate with finance and project management teams for accurate financial projections.
• Develop and execute communication strategies, coordinating with marketing, sales, and operations teams.
• Collaborate cross-functionally to define product specifications and features.
• Craft compelling value propositions for each grooving tool product, highlighting key features, benefits, and competitive advantages.
• Foster close relationships with sales and marketing teams to gather customer feedback, insights, and pain points, ensuring grooving tool products remain competitive and relevant.
• Regularly report out to business stakeholders and executives.

Support Existing Product Lines:

• Continuously analyze market trends, customer needs, competitive offerings, and emerging technologies to identify opportunities for product enhancements, line extensions, and new product development within the tools portfolio.
• Foster close relationships with sales and marketing teams to gather customer feedback, insights, and pain points, ensuring products remain competitive and relevant.
• Stay abreast of industry trends, technological advancements, and regulatory changes that may impact product development, positioning, or go-to-market strategies.
• Collaborate with cross-functional teams to evaluate and prioritize product enhancement requests, ensuring alignment with the overall product strategy and roadmap.
• Manage the product lifecycle, including retiring products as necessary, while ensuring a seamless transition for customers and minimizing disruptions.

Qualifications:

• Bachelor's degree in a relevant field (engineering, business, or related discipline).
• 5+ years of experience in construction, engineering, product management or related field.
• Natural tendency to be curious, creative, and a visionary.
• Entrepreneurial mindset.
• Strategic thinker with an ability to analyze data, draw insights, make informed decisions and problem solve.
• Strong understanding of construction processes and business opportunities.
• Excellent communication and presentation skills, tact, and professional appearance. 
• Ability to manage multiple projects simultaneously, work proactively, set priorities, and meet deadlines.
• Demonstrated leadership and team collaboration skills.
• Experience working with industry professionals and customers.
• Willingness and ability to travel, including internationally. 
• Strong understanding of grooving tool technology, manufacturing processes, and industry standards/regulations.