Product Development Manager

Job Description Summary:Responsibly plan, manage, and execute senior management’s vision of new launching brand of KISS beauty group. To oversee day to day operations while directing long plans for product development, marketing strategies and revenue performance for this new launching brand of KISS beauty group. Perform project coordinating & developing, project & vendor managing, competitive analysis and market research.

Job Description:

The Product Manager is responsible for leading product development project from ideation to launch. This role involves tasks such as managing vendor relations and monitoring project timelines, budgets, and team performance. The Product Manager develops product strategies and ensures that they are in alignment with company goals. Strong understanding of market research methodologies, strong problem-solving abilities, and strong interpersonal skills are essential for success in this role.

New Product Management

• Manage cosmetics product developments from beginning to the end.
• Set the target market and develop the positioning strategy for new product to differentiate against competing products in the target segment
• Initiate the marketing mix which includes pricing, distribution, and promotion, based on the product positioning strategy
• Prepare for kick off presentation of new project
• Initiate P&L analysis which involves a review of sales, costs, sales (profit) projection, re-order rate for a new product to find out whether they satisfy the company’s objective
• Identify key product concept, finalize formula, shades, packaging & display type, managing timelines on formula & shades development, testing, production and launching date.
• Develop, edit, and approve all materials in product marketing sheet, display POP, education video, etc., ensuring legal requirements are met for product name and claims.
• Conduct internal and external product testing, filter out the results for product claims and development direction, and restructuring product claims.
• Open RA for product compliancy assuring that all ingredient requirements are fulfilled.
• Managing and reviewing all samples, tracking of components, ingredient, formula, and color attribute

Current Product Management

• Manage product lifecycle by modifying the product’s quality and performance, as well as modifying marketing mix (price, promotion, display distribution channel).
• Responsible for all major and minor defect issue of current items; find a solution and take an action plan
• Analyze company sales data and provide suggestion for overstock items and TBD plan
• Make decision and plan for item discontinuation and suspension
• Manage and look over works of product associate

Vendor Management

• Build and maintain effective and strong relationships with manufacturers
• Responsible for opening projects with current vendors, or source new vendors
• Request new product inquiry to vendor including target container, color, formula, and price
• Negotiate with vendors on new product price, COG targets and timing for full turnkey assembly and request quotation based on estimated forecasting and MOQ
• Communicate with the vendors from beginning to end of a development/ revamping project to make sure cost, quality, & on-time delivery
• Lead project timeline: detail schedule of development and production
• Request quotation and negotiate cost, lead time, & payment term for compatible price
• Give product concept, product requirement, artwork, packing/shipping/batch coding/UPC labeling guideline, required lab testing guideline.
• Request & receive any sample (formula, color), PPS (pre-production sample), PS (production sample), component, label/package design, product specification, and packing specification.
• Review & confirm any sample (formula, color), PPS (pre-production sample), PS (production sample), component, label/package design, product specification, and packing specification, shipping/delivery condition
• Request & receive supporting documents for regulation, compliance, & product registration
• Request the quality improvement, the defect claim, the credit memo and CAPA for any defective issues and QC failed products

Market Sensing

• Analyze consumer needs, market trends, and competitive landscape to develop product strategies for new product development.
• Conduct market research through retail store visits and tradeshow attendance to understand the current market trends and competitor activities.
• Conduct surveys and focus group interviews to gain insight into consumer thoughts and feelings.
• Analyze the company data (sales, COG, margin, return etc.) and external data (Mintel, Amazon etc.) to identify the opportunities and problems and evaluate performance.

Benefits

• Premium Medical Insurance Coverage

• 401(k) Savings Plan

• Paid Time Off (PTO) based on seniority

• Paid Holidays

Additional Workplace Offerings (subject to change or eligibility.)

• Annual Bonus Plan

• Onsite Employee Fitness Center with Indoor Racquetball Court and Yoga Room

• Summer Fridays

• Complimentary Gourmet Breakfast, Lunch, and Dinner

• Relocation Support for New Hires

• Work Anniversary Recognitions

• Congratulatory & Condolence Gifts

• Employee Referral Bonus Program

• License/Certification Reimbursements

• Corporate Employee Discounts

• Visa Sponsorships (100% paid by the company) i.e., New H-1B, H-1B Transfer, O-1, and Green Card

• Commuter Support (Shuttle Bus Program and EZPass Support)

• Vehicle Perks

Qualification(s):Education(s):Bachelor of Science (B.S): Business Administration/Management

Work Experience:Experience Range IV: 8 - 13 years of relevant experience or industry exposure in a related field

Skill(s):Product Development

Language(s):Korean

Certification(s):Not Applicable

The anticipated compensation range is

69,000.00 - 137,000.00 USD Annual

Actual compensation will be determined based on various factors including qualifications, education, experience, and location. The pay range is subject to change at any time dependent on a variety of internal and external factors.

Kiss Nail Products, Inc., KDC GA Corp., Ivy Enterprises, Inc., AST Systems, LLC, Red Beauty, Inc., or Dae Do, Inc. (collectively, the “Company”) is an equal opportunity employer and is committed to a diverse and inclusive workplace. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, national origin, age, disability, or any other characteristic protected by law.