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Summary
The Product Manager is responsible for the full lifecycle of IoT products or product groups, from initial concept through to discontinuation. Guided by market needs and customer insights, they define product requirements and ensure all necessary documentation is created in line with regulatory and product management standards. Success in this role depends on strong collaboration and alignment across departments—including R&D, upstream marketing, sales, and operations—to drive innovation, ensure execution, and deliver customer value.
Primary Responsibilities
- Identify opportunities for new IoT/SaaS products or improvements by analyzing market research and feedback from customers, stakeholders, and internal teams.
- Accountability for revenue & gross margin for a product or product group
- Create product concepts, roadmaps, and strategies for IoT and SaaS offerings, including development of new SaaS business models.
- Create and own NPVs, contribute to phase gate processes, and prepare product requirement documentation.
- Collaborate with Upstream Marketing for Value Proposition, Pricing, Product Positioning and Mid-term Portfolio Strategy to build business cases for New Product Introduction
- Prioritizing product features based on customer feedback and business value
- Coordinate cross-functional teams and collaborate with customers, Upstream Marketing, Sales and R&D
- Executing Product Lifecycle management and competition analysis for IoT offerings
- Monitor the performance of IoT products, using data analytics tools and methods
- Ensure compliance with applicable regulations and standards for IoT products
General Tasks
- Strict compliance with the quality, occupational safety and environmental regulations.
- Implementation of the instructions of the quality / environmental management representative and the occupational safety specialist.
Required Experience, Education, Skills, Training and Competencies
- 5+ years of product management experience specifically in IoT and Saas products
- Requires experience defining pricing strategy - revenue & gross margin for a product or product group
Travel Requirements
- Travel by public transportation including train and airplane on demand
- Passport for international travel (customer & internal meetings)
Physical Requirements
- Mobility to work in a standard office setting and to use standard office equipment, including a computer.
Pay transparency
- The salary for this role will range from $116,550 to $186,480 annually based on full-time employment. Salary offers are based on a wide range of factors including but not limited to location, relevant skills, training, experience, education, etc.
- Certain roles may be eligible for performance-based incentive compensation and/or long-term incentives. Incentives could be discretionary or non-discretionary depending on the plan.
- Novanta supports all aspects of your life’s needs. This position provides a full range of medical, financial, and other benefits to make your quality of life better.
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Novanta is proud to be an equal employment opportunity and affirmative action workplace. We consider all qualified applicants without regard to race, color, religion, sex (including pregnancy), sexual orientation, gender identity or expression, national origin, military and veteran status, disability, genetics, or any other category protected by federal law or Novanta policy.
Please call +1 781-266-5700 if you need a disability accommodation for any part of the employment process.