Senior Product Manager
Company: balchem
Location: Montvale
Posted on: January 25, 2023
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Job Description:
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COMPANY OVERVIEW:
Balchem Corporation develops, manufactures and markets specialty
ingredients that improve and enhance the health and well-being of
life on the planet, providing state-of-the-art solutions and the
finest quality products for a range of industries worldwide. Our
corporate headquarters is located in New Hampton, New York, (Hudson
Valley area) and we have a broad network of sales offices,
manufacturing sites, and R&D centers, primarily located in the
US and Europe. Founded in 1967, Balchem is a publicly traded
company (NASDAQ - BCPC) with annual revenues over $700 million and
a market cap exceeding $4.0 billion. The company consists of three
business segments: Human Nutrition & Health; Animal Nutrition &
Health; and Specialty Products. Balchem employs over 1,400 people
worldwide who are engaged in diverse activities, committed to
developing the company into global market leadership positions. To
learn more about our dynamic, stable and growing company, visit
www.balchem.com
POSITION SUMMARY:
The Senior Product Manager will play an integral role in Balchem's
success by supporting all product lines for the Flavors,
Encapsulates & Inclusions Business Unit (FE&I). The position
will focus on implementing short-term and long-term strategic
pricing initiatives related to the FE&I BU product line as set
by the Sr. Business Director. To accomplish this, the Senior
Product Manager must demonstrate strong leadership skills, be
comfortable driving cross-functional change initiatives, and assist
in implementing a strategic roadmap related to FE&I BU
initiatives. This individual will act as a key liaison between
Purchasing, Supply Chain, Operations, Customer Service and
Commercial teams. The role will be responsible for assisting in
driving implementation of commercial pricing strategies, assist in
identifying, prioritizing, and managing market development
activities, develop knowledge base on industry and segments, and
provide internal support to sales team for the FE&I BU.
ESSENTIAL FUNCTIONS:
Understand product category and customer profitability
Manage all aspects of product pricing from development of price to
loading into ERP
Provide suggested price based on target price for overall business
while taking into consideration Account Manager price requests
Develop and distribute formal pricing to Account Managers, Customer
Service Representatives and Sales Managers
Understand major raw material markets
In conjunction with Purchasing Manager, continually review Balchem
current and forward costs for major raw materials that drive
finished product costs
Provide recommendations for finished good sku rationalization at
each site
Support commercial strategies to reach annual budget
requirements
In collaboration with supply chain and commercial partners, provide
recommendations to site product mix to maximize profitability
Support marketing programs and business strategies with sales and
technical personnel
Manage Demand Forecast Model
REQUIREMENTS:
Bachelor's Degree, preferably in a business-related discipline
Preferred 5-7 years of related product management experience in the
food or supplement industry; market planning and new product
development is preferred
Must demonstrate excellent verbal, written and interpersonal
communication skills, as well as strong leadership qualities when
working with cross functional teams
Ability to communicate professionally with people at all levels of
the organization and external contacts
Effective analysis/problem solving/decision-making skills
Proficient with MS Office: Word, Excel, PowerPoint, Access
Organizational skills for efficient office control are
mandatory
Solid decision-making and problem solving skills
Travel up to 25%
WORKING CONDITIONS:
Office-setting
Work is mostly sedentary
#IN
Balchem is committed to a workplace culture that values and
promotes diversity, inclusion, equal employment opportunities, and
a work environment free of harassment and hostility.
PI202029386
Keywords: balchem, Yonkers , Senior Product Manager, Executive , Montvale, New York
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