Recruitment Product Manager – Fans & Water Heaters at Finolex in Odisha

Product Manager – Fans & Water Heaters

The position of Product Manager – Fans & Water Heaters at Finolex in Odisha involves managing the lifecycle of fan and water heater products, from conceptualization to market launch, and optimizing their market performance. As a Product Manager, you would work closely with various departments, including research and development (R&D), marketing, sales, and manufacturing, to ensure the product meets customer needs while achieving financial targets.

Job Overview

The Product Manager is responsible for developing and executing the product strategy for the company’s fans and water heaters. You will oversee product development, from idea generation to product launch, and work with cross-functional teams to ensure the products align with the company’s overall goals and strategies. You will monitor market trends, consumer preferences, and competitor activities to make informed decisions regarding product features, pricing, and positioning.

This role requires a blend of technical understanding, business acumen, and leadership skills to guide the product development and marketing efforts effectively. The Product Manager must ensure the product offers competitive advantages and meets consumer demands while maintaining profitability.

Key Responsibilities

1. Product Development:

Collaborate with the R&D team to conceptualize and design innovative products that meet customer needs. Manage the development process from idea generation to product prototyping and final production. Ensure that the products comply with safety and quality standards, especially for water heaters and electrical appliances.

1. Market Research and Analysis:

Conduct in-depth market research to identify consumer trends, preferences, and pain points. Analyze competitor products and strategies to identify gaps and opportunities in the market. Use consumer insights to guide product features, pricing strategies, and marketing plans.

1. Cross-functional Collaboration:

Work with the engineering and manufacturing teams to ensure the products are designed for manufacturability, cost-efficiency, and scalability. Partner with the marketing team to develop product positioning, promotional campaigns, and sales strategies. Coordinate with the supply chain team to ensure smooth production and delivery of products.

1. Product Launch and Marketing:

Plan and execute product launches, working with marketing and sales teams to ensure successful market entry. Develop promotional materials, product demos, and training for sales teams to effectively sell the product. Monitor the performance of new products in the market and gather feedback to drive future improvements.

1. Financial Management:

Manage the product’s profit and loss (P&L) statement, ensuring financial objectives are met. Set pricing strategies that balance profitability with competitive positioning. Analyze sales data, revenue streams, and cost structures to ensure the product meets financial targets.

1. Customer Feedback and Product Improvement:

Regularly gather customer feedback through surveys, reviews, and direct interaction with the sales team. Use customer insights to improve product features, design, and functionality. Ensure the product continues to meet evolving customer needs and market conditions through iterative improvements.

1. Innovation and Future Planning:

Stay updated on technological advancements in fans and water heaters. Drive innovation by integrating the latest technologies (e.g., energy-efficient motors, IoT-enabled devices) into future product iterations. Lead efforts to develop sustainable and environmentally friendly products in alignment with global trends.

Required Skills and Qualifications

1. Required Skills and Qualifications

   Qualification	Details
   Educational Background	A Bachelor’s degree in Engineering, Product Management, or a related field. An MBA or product management certification is a plus.
   Experience	5-7 years of experience in product management, particularly in consumer goods or electrical appliances, with experience in product lifecycle.
   Technical Knowledge	Strong technical understanding of fans, water heaters, and electrical systems is preferred. Knowledge of safety standards is necessary.
   Leadership and Teamwork	Strong leadership skills with the ability to manage cross-functional teams. Collaboration with engineers, marketers, and sales professionals.
   Analytical and Problem-solving Skills	Strong analytical skills to interpret market data, sales trends, and financial metrics. Problem-solving abilities for product challenges.
   Communication and Presentation Skills	Excellent communication and presentation skills to convey product strategies to technical and non-technical stakeholders.
   Project Management	Strong project management skills to ensure timely product development and launch, managing multiple projects simultaneously.

Career Growth and Opportunities

Working as a Product Manager at Finolex provides excellent opportunities for career growth. Finolex is a well-established brand in the electrical and consumer goods sector, offering employees the chance to work with innovative products and cutting-edge technologies.

With successful product management experience, you can advance into senior management roles such as Senior Product Manager, Product Director, or even VP of Product Development. Finolex also encourages cross-functional career development, enabling Product Managers to transition into roles in sales, marketing, or business strategy if desired.

Salary Expectations

For a Product Manager in the electrical appliances sector, such as fans and water heaters, salary expectations range from ₹12 lakh to ₹18 lakh per annum, depending on experience and qualifications. Senior Product Managers and those leading large product portfolios may command higher salaries and bonuses based on the performance of their products in the market.

Company Culture at Finolex

Finolex is known for its employee-centric culture, offering a balanced work-life environment and numerous professional development opportunities. The company promotes innovation and provides employees with the tools and resources needed to succeed in their roles.

Finolex emphasizes sustainability and eco-friendly practices, particularly in the development of energy-efficient products like fans and water heaters. Employees are encouraged to contribute to the company’s goals of reducing its carbon footprint and creating sustainable solutions for the future.

How to Apply

To apply for the Product Manager – Fans & Water Heaters position at Finolex, follow the steps below:

1. Visit the official Finolex Careers page.
2. Search for Product Manager positions and filter by location (Odisha).
3. Review the job description to ensure your skills and experience align with the position’s requirements.
4. Click on the “Apply Now” button and complete the online application form.
5. Submit your resume and any additional documents required (e.g., cover letter, certifications).

Alternatively, you can also apply through job portals like Naukri, Indeed, or LinkedIn, where Finolex frequently posts job openings.

Conclusion

The Product Manager – Fans & Water Heaters position at Finolex in Odisha is an excellent opportunity for professionals with a strong background in product management and technical expertise in electrical appliances. The role offers the chance to innovate, lead cross-functional teams, and contribute to the company’s growth by bringing cutting-edge products to market. If you have the required skills and qualifications, this role can serve as a stepping stone to senior leadership positions within the company, offering both professional growth and personal fulfillment.