Job Title: Product Manager -107302
Function: Product Management
Reporting to: Head of Product Management
Date of preparation: May 2021
The world around us is experiencing significant change, the greatest in generations.
At McLaren Applied, we’re accelerating the response to that change. Our vision is that our people and technologies will pioneer a better future. Our mission is to achieve breakthroughs in performance.
We’re at the cutting edge of innovation in industries including automotive transportation and motorsport. We create solutions that drive efficiency and cost-effectiveness.
We want to help to reduce the carbon footprint and become more sustainable. Our focus is on electrification and telemetry, control and analytics.
To deliver efficient lightweight electric powertrain and vehicle development; motorsport solutions that make series more sustainable and efficient; reliable connectivity solutions for transportation and insightful analytics and monitoring of transport fleets.
By applying our expertise, we deliver real benefits and pioneer a better future.
McLaren Applied has been a product business in Motorsports since it was founded in 1988. In addition to Motorsports the company has now developed product and services business in the Automotive, Public Transport and Health markets where we see significant growth potential.
Our strategy is to develop a scalable product business across all markets and we have developed a Product Management framework to support this initiative.
The product business is underpinned by intellectual property, engineering capability and technology platforms in the fields of electronics, software, data science and design. This challenge is extremely broad in technology and market scope and we require very clear thinking and process to create the best technology, platform and product strategies to support rapid business growth.
Purpose of the Role
Responsible for a range of products under a product portfolio, managing them through their complete lifecycle to deliver commercial success. Own the vision and roadmap for the portfolio of products, working closely with product managers, product marketing managers and technical leadership to align both technical and market roadmaps.
Lead the product portfolio; managing and growing the established product portfolio in its primary markets and assisting in establishing the portfolio in other markets.
Own the business rationale for the product portfolio, covering existing and future products over full lifecycle – concept to end of life.
Working closely with Sales and with Business Lines, deliver a base product that meets the needs for all or as many markets as possible.
Manage entire product life cycle – from strategic planning to tactical activities:
Working with the Business Lines, understand the market landscape and conducted market research to specify market needs for current and future products, and translate into product requirements.
Develop business cases to support investment requests – leading the creation of supporting material including portfolio financial forecasts, product pricing & business models.
Manage and own the roadmap, including prioritisation of bug-fixing and feature requests.
Work with Business Lines to develop product positioning, defining and supporting go-to-market plans – working collaboratively to execute.
Work closely with Chief Engineers to align technical roadmaps.
Work closely with project and technical delivery management to ensure successful product delivery to market.
Support the development of partner relationships.
Monitor, report and improve product performance, to manage the ongoing profitability of products within the portfolio.
Provide clear direction of product roadmaps into engineering development.
Own and report on key KPIs for product performance, including business cases, product P&L and ROI.
Work with finance to manage the product budget including the treatment of intangible assets.
Knowledge, Skills, Qualifications and Experience
Strong technical background. Preferably a degree in engineering or science discipline.
Extensive experience in working in product management teams in disruptive technology environments.
Ability to articulate vision and ideas to internal and external stakeholders at all levels.
Ability to tactfully challenge without alienating and build a strong internal network to support ability to influence.
Able to interpret and communicate general financial and accounting information from a product perspective and understand the financial impact of decisions.
Identifies and prioritises issues and takes a proactive approach to dealing with them.
Thinks creatively to produce workable ideas and novel solutions.
Takes a collaborative approach to achieving results.
Values and Behaviours
You will be a key representative of McLaren Technology Group’s Values and Behaviours, the framework of which can be found here.
All employees must ensure compliance with the Company Health and Safety Policy, and all relevant other statutory Health and Safety legislation.
This job description may not detail all duties allocated to the post holder, nor cover duties of a similar nature which are commensurate with the role, which may from time to time be reasonably required by the relevant manager.
McLaren Applied are committed to Diversity, Equality and Inclusion (DEI) and promote DEI in all we do.
To apply for this job please visit careers.mclaren.com.