Sr. Product Manager - Digital, Controls & Monitoring
At Trane TechnologiesTM and through our businesses including Trane® and Thermo King®, we create innovative climate solutions for buildings, homes, and transportation that challenge what’s possible for a sustainable world. We're a team that dares to look at the world's challenges and see impactful possibilities. We believe in a better future when we uplift others and enable our people to thrive at work and at home. We boldly go.
What’s in it for you:
Be a part of our mission! As a world leader in creating comfortable, sustainable, and efficient environments, it’s our responsibility to put the planet first. For us at Trane Technologies, sustainability is not just how we do business—it is our business. Do you dare to look at the world's challenges and see impactful possibilities? Do you want to contribute to making a better future? If the answer is yes, we invite you to consider joining us in boldly challenging what’s possible for a sustainable world.
If this sounds exciting to you, read on to learn more about who we are and what we believe in:
We uplift others – we believe in providing an opportunity for all and building a culture that is diverse, inclusive, and respectful. We lift each other up and care about the success and well-being of others.
We make an impact – we believe that what we do has the potential to change the world. We succeed together by striving daily to create a lasting, positive impact on the planet.
We thrive at work and at home – we are supported by meaningful benefits, compensation, learning and development solutions, and opportunities for rewarding careers. We are firmly committed to the well-being and safety of our people.
As the Sr. Product Manager, Digital, Controls & Monitoring, You will lead the new strategic segment of Digital offerings, onboard and system controls and monitoring for the Life Science Solutions strategic business unit. This role is responsible for the strategy, offerings roadmap, leading the Digital product growth team, managing the product/services lifecycle, gathering and prioritizing customer requirements, defining the product/service vision, and working closely with engineering development teams, commercialization, and operations to deliver profitable growth. You will be responsible for – and accountable to – meeting or exceeding Life Science Solutions’ revenue, market share and margin objectives.
We are seeking a high-energy, results driven product management professional capable of articulating a strategic vision and executing that vision to deliver business results. You must have excellent communication and executive presence and be seeking an opportunity to grow and develop on a general manager track with a leading climate innovator.
Thrive at work and at home:
· Benefits kick in on DAY ONE for you and your family, including health insurance and holistic wellness programs that include generous incentives – WE DARE TO CARE!
· Family building benefits include fertility coverage and adoption/surrogacy assistance.
· 401K match up to 6%, plus an additional 2% core contribution = up to 8% company contribution.
· Paid time off, including in support of volunteer and parental leave needs.
· Educational and training opportunities through company programs along with tuition assistance and student debt support.
· Learn more about our benefits here!
Where is the work:
What you will do:
- Develop a vision for this new Portfolio that will selectively and purposefully penetrate a $10B total addressable market in both the Health Care and Biosciences markets. Create and execute multigenerational product plans (MGPP), ensuring that product positioning, pricing, cost, margins and customer value proposition support the overall strategy and direction. Set the groundwork for future mergers or business acquisitions and internally drive new product development.
- Identify ways to accelerate growth and scale the digital and monitoring offerings. Conduct industry, market, and competitor analysis, including detailed segmentation of end customers and products. Quantify growth opportunities that would enable participation in markets that are growing faster and more profitably. Visit customers face to face to understand their needs.
- Initiate and support business cases for NPD that execute elements of a multi-generational product plan. Then, collaborate with project management and cross-functional product development teams to deliver projects thru a typical product development process.
- Lead product line strategy and long-range plan development, P&L and annual operating plan for product lines. Effectively manage tradeoffs between short and long term product line performance as measured in revenue, margin, and market share.
- Lead a Product Growth Team (PGT). This is a cross functional team including the Product Manager, Operations Leader, Engineering Leader, Procurement, and Solutions Marketer focused on driving profitable share growth.
- Communicate and advocate the strategy roadmap and plan with Business Unit leadership and the broader organization; coordinate and execute the plan with and thru functional partners across a matrixed organization. Must understand organizational cultures and have proven ability to operate across organizational boundaries. Executive level communication and coordination experience is a must.
- Develop and execute channel strategy aimed at developing and maturing channel capability to drive growth in market coverage and closure rate to enable product line to reach its entitlement in the market.
What you will bring:
- 7+ years of product management, business leadership or strategic marketing experience. Demonstrated success envisioning and commercializing products in a regulated industry.
- Bachelor's degree required. Technical bachelor’s degree preferred. MBA highly desired.
- Experience in equipment or building controls, equipment remote monitoring, digital platforms and software, and/or the work of integrating equipment with building and facility management systems.
- Experience in the regulated environment of life sciences, pharma manufacturing, medical laboratory and research, medical devices or hospitals and health systems. Cold storage equipment and cold chain understanding is a plus.
- 10-20% travel
Haven’t done every single thing in the job description? At Trane Technologies, we are just as interested in your capabilities as your prior work experience. So, if you are excited about this role but your past work experience doesn’t align perfectly with everything in the job description, we encourage you to apply anyway. You may just be the best person for this role.
Compensation:
Total Target Compensation: $150,000 - $250,000
Disclaimer: This "range" could be a result of seniority, merit, geographic location where the work is performed, education, experience, travel requirements for the job, or because of a system the employer uses to measure earnings by quantity or quality of production (so, for example, positions that may not have traditional salary ranges). Our prosperous commission plans grow over time with a successful employee’s growing pipeline. Some sales professionals may eventually move to 100% commission.
Equal Employment Opportunity:
We are committed to achieving workforce diversity reflective of our communities. We are an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identify, national origin, pregnancy, age, marital status, disability, status as a protected veteran, or any legally protected status.
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