Senior Product Manager - Pumps

Posted 6 Days Ago
Be an Early Applicant
Crawfordsville, IN, USA
In-Office
Senior level
Other • Biotech
The Role
Own the strategy, growth, profitability, and lifecycle management of pump product portfolios. Translate customer and market insights into product roadmaps, business cases, pricing strategies, and commercialization plans. Lead cross-functional collaboration with Sales, Engineering, Operations, Supply Chain, and Marketing; support new product development, launches, portfolio optimization, and SKU rationalization. Travel up to 30% for customer visits, industry events, market research, and product launches.
Summary Generated by Built In

If you’re looking for a special place to build or grow your career, you’ve found it. Whether you’re an experienced professional, a recent college graduate or somewhere in between, IDEX is a place where you can apply your existing skills and learn new ones in an environment where you can make an impact.

With interesting opportunities in engineering, marketing, sales, supply chain, operations, HR, finance, and more across more than 40 diverse businesses around the globe, chances are, we have something special for you.

POSITION SUMMARY:

The Senior Product Manager is responsible for the overall strategy, growth, profitability, and lifecycle management of a product portfolio across Banjo and KZValve. This role serves as the Voice of Customer (VOC), translating market needs into product roadmaps, business cases, and commercialization strategies that deliver sustainable growth.

The Product Manager acts as the general manager of the product portfolio, driving alignment across Sales, Engineering, Operations, Supply Chain, and Marketing to develop differentiated solutions and create value for customers. Success is measured through portfolio growth, margin expansion, market share gains, customer adoption, and new product performance.

This position is located in Crawfordsville, IN, and reports to VP – Innovation.


MISSION:

Own and grow an assigned product portfolio by developing winning product strategies, translating customer insights into differentiated solutions, and leading cross-functional execution to deliver above-market growth and expanding profitability.

Utilizing the IDEX 80/20 operating principles, the Product Manager ensures resources, investments, and product development efforts are focused on the most attractive markets, customers, and applications while reducing complexity and improving portfolio health.


KEY RESPONSIBILITIES:


Strategic Product Leadership

  • Develop a deep understanding of assigned products, applications, technologies, customer segments, competitive dynamics, and market trends.
  • Define and execute multi-year product and technology roadmaps aligned with business growth objectives.
  • Establish clear value propositions and portfolio positioning across key end markets.
  • Identify growth opportunities through customer segmentation, adjacent market expansion, technology development, and strategic partnerships.
  • Serve as the business leader and internal advocate for the product portfolio.

Voice of Customer & Market Intelligence

  • Act as the primary Voice of Customer for the assigned product category.
  • Build meaningful relationships with customers, OEMs, distributors, and key industry stakeholders.
  • Conduct regular customer visits to understand applications, unmet needs, and future market requirements.
  • Monitor competitive activity, emerging technologies, industry trends, and regulatory developments.
  • Translate customer and market insights into actionable product requirements and business opportunities.

New Product Development

  • Develop and maintain a robust pipeline of new products, platform extensions, and adjacent market opportunities.
  • Build compelling business cases that support investment decisions and prioritize development resources.
  • Partner closely with Engineering throughout the product development process to ensure solutions meet customer, cost, performance, and launch objectives.
  • Drive product definition, value proposition development, pricing strategy, and commercialization planning.
  • Support stage-gate reviews and portfolio prioritization activities.

Commercial Enablement

  • Equip Sales teams with tools, training, positioning, competitive intelligence, and application expertise.
  • Develop pricing strategies that align customer value with business objectives.
  • Lead product launch activities including customer communication, channel readiness, training, and performance tracking.
  • Support strategic customer opportunities through technical, commercial, and business case discussions.
  • Partner with Marketing to create compelling content and demand-generation initiatives.

Portfolio & Lifecycle Management

  • Own portfolio performance including revenue growth, profitability, market share, and portfolio health.
  • Evaluate product lifecycle stages and recommend investment, sustainment, enhancement, or exit strategies.
  • Lead SKU optimization and rationalization initiatives to reduce complexity and improve operational efficiency.
  • Identify opportunities for cost reduction, value engineering, pricing optimization, and margin improvement.
  • Support annual operating plans and strategic planning processes. 

MEASURES OF SUCCESS:


Outcomes

  • Portfolio revenue growth
  • Gross margin expansion
  • New product revenue performance
  • Market share gains in strategic segments
  • Product roadmap execution
  • Customer adoption and satisfaction
  • Portfolio simplification and SKU optimization
  • Business case accuracy and investment returns

Competencies

  • Strategic thinking
  • Customer obsession
  • Commercial and financial acumen
  • Cross-functional leadership
  • Influencing without authority
  • Analytical decision making
  • Business case development
  • Strong communication and storytelling

Qualifications

  • Bachelor's degree in Engineering, Business, Marketing, Supply Chain, or related discipline.
  • 5-10 years of experience in Product Management, Engineering, Business Development, Marketing, or a related industrial manufacturing function.
  • Experience working with engineered products, fluid handling solutions, flow control devices, industrial equipment, agricultural equipment, or related technologies preferred.
  • Demonstrated experience developing business cases and bringing products from concept through commercialization.
  • Experience working within a cross-functional manufacturing environment.
  • Proficiency with Microsoft Office Suite and data-driven analysis tools.

Desired Characteristics

The successful candidate will:

  • Think strategically while executing tactically.
  • Demonstrate strong learning agility and curiosity.
  • Balance customer needs with business objectives.
  • Use data and customer insights to drive decisions.
  • Tell compelling stories that create organizational alignment.
  • Challenge the status quo and identify growth opportunities.
  • Embrace accountability for portfolio performance.
  • Apply 80/20 principles to prioritize effectively and maximize impact.

Travel

Travel up to 30% to support customer visits, industry events, market research, and product launches.


Are you ready to join a different kind of company where our people, our culture, and our commitments are centered around providing trusted solutions that improve lives around the world?

IDEX is an Equal Opportunity Employer. IDEX gives consideration for employment to qualified applicants without regard to race, color, religion, creed, genetic information, sex, sexual orientation, gender identity or expression, marital status, age, national origin, disability, protected veteran status, or any other consideration or protected category made unlawful by federal, state or local laws.

Attention Applicants:  If you are an individual with a disability and require a reasonable accommodation to complete any part of the application process, please let us know. Likewise, if you are limited in the ability to access or use this online application process and need an alternative method for applying, we will determine an alternate way for you to apply. Please contact our Talent Acquisition Team at [email protected] for assistance with an accommodation. These contact tools may be used only by individuals with a disability for accommodation requests. Do not inquire as to the status of an application.

Skills Required

  • Bachelor's degree in Engineering, Business, Marketing, Supply Chain, or a related discipline
  • 5-10 years of experience in Product Management, Engineering, Business Development, Marketing, or a related industrial manufacturing function
  • Experience developing business cases and bringing products from concept through commercialization
  • Experience working within a cross-functional manufacturing environment
  • Experience with engineered products, fluid handling solutions, flow control devices, industrial equipment, agricultural equipment, or related technologies
  • Proficiency with Microsoft Office Suite and data-driven analysis tools

IDEX Corporation Compensation & Benefits Highlights

The following summarizes recurring compensation and benefits themes identified from responses generated by popular LLMs to common candidate questions about IDEX Corporation and has not been reviewed or approved by IDEX Corporation.

  • Retirement Support — Employer savings design combines a 401(k) match with an additional company-funded defined contribution based on age and service. Automatic enrollment and contribution escalation further reinforce long‑term savings participation.
  • Healthcare Strength — Medical, dental, and vision coverage offer multiple plan tiers with day‑one eligibility and national/regional carrier options. Wellness incentives, HSAs/FSAs, and an EAP extend the health and wellbeing offering.
  • Strong & Reliable Incentives — Performance‑linked bonuses are a recurring component of pay, with instances of outcomes above target. A stated pay‑for‑performance approach supports the role of incentives in total compensation.

IDEX Corporation Insights

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The Company
HQ: Northbrook, IL
2,112 Employees

What We Do

IDEX (NYSE: IEX) is a company that has undoubtedly touched your life in some way. In fact, IDEX businesses make thousands of products that are mission-critical components in everyday activities. Chances are the car you’re driving has a BAND-IT® clamp holding your side airbag safely in place. If you were ever in a car accident, a Hurst Jaws of Life® rescue tool may have saved your life. If you or a family member is battling cancer, your doctor may have tested your DNA in a quest to find the best targeted medicine for you. It’s likely your DNA test was run on equipment that contains components made by our growing IDEX Health & Science team.

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