New Product Introduction Specialist

Job Description: New Product Development SpecialistLocation: New Delhi, IndiaCompany: MARS CosmeticsAbout MARS Cosmetics:MARS Cosmetics is a globally recognized beauty brand that thrives on innovation, diversity, and empowering individuals through high-quality beauty solutions. Headquartered in New Delhi, MARS Cosmetics is committed to offering groundbreaking products that meet the ever-evolving needs of consumers worldwide. We are seeking a passionate and creative New Product Development Specialist to join our product development team and help drive the future of our product portfolio.Position Overview:The New Product Development Specialist will be responsible for leading and supporting the development of new products from concept to launch. This role requires a keen understanding of consumer trends, market needs, and the ability to translate those insights into successful beauty products. The ideal candidate will work cross-functionally with R&D, Marketing, Supply Chain, and Sales teams to ensure new products are developed on time, within budget, and align with the brand’s values and goals.Key Responsibilities:Product Conceptualization & Innovation:Lead the development of new product ideas based on consumer trends, market research, and competitive analysis.Collaborate with cross-functional teams (R&D, Marketing, and Packaging) to bring innovative concepts to life.Propose and develop product formulations, packaging concepts, and feature enhancements in line with brand guidelines.Market Research & Trend Analysis:Stay updated on emerging trends in the beauty and cosmetics industry to drive product innovation.Conduct competitive analysis to identify market gaps, product opportunities, and potential consumer demands.Organize consumer focus groups, surveys, and other research methods to gather insights on product concepts.Project Management:Manage the end-to-end product development process from ideation to final launch.Work closely with the R&D team to ensure formulations meet regulatory standards and consumer expectations.Collaborate with Supply Chain, Marketing, and Sales teams to ensure successful product delivery, launch, and post-launch tracking.Cross-Functional Collaboration:Coordinate with internal departments (Marketing, Supply Chain, Sales, and Packaging) to align on product development timelines, resource allocation, and marketing strategies.Ensure effective communication between teams to resolve challenges and meet deadlines.Provide ongoing support to Marketing for product positioning, messaging, and promotional plans.Testing & Product Validation:Coordinate with R&D and external labs for product testing, including stability, efficacy, and consumer safety.Ensure products undergo thorough testing, and collaborate with regulatory teams to ensure compliance with local and international standards.Budget & Timeline Management:Monitor and manage the product development budget, ensuring projects are delivered on time and within financial constraints.Ensure that all product development milestones are met according to the defined timeline.Documentation & Reporting:Maintain detailed records of product development processes, including timelines, formulations, and test results.Prepare regular updates and reports for senior leadership on project progress, challenges, and successes.Qualifications:Education:Bachelor’s degree in Chemistry, Pharmaceutical Sciences, Cosmetic Science, or a related field (Master’s degree or relevant certifications in Product Development or Cosmetic Science is a plus).Experience:3-5 years of experience in new product development, preferably in the cosmetics, beauty, or FMCG industry.Strong background in formulation development, packaging innovation, and market analysis.Experience managing the entire product development cycle from concept to launch.Knowledge of regulatory requirements in the beauty and cosmetics industry (local and international).Skills:Strong project management skills with the ability to handle multiple projects simultaneously.Excellent understanding of consumer behavior and beauty industry trends.Creative and innovative mindset with a passion for beauty products.Strong communication skills with the ability to collaborate across functions and present ideas effectively.Proficiency in product development tools, project management software (e.g., Microsoft Project, Trello), and other industry-specific software.Other:Highly organized with attention to detail and the ability to meet tight deadlines.Analytical, with the ability to interpret data and provide actionable insights.Strong problem-solving skills and proactive in identifying solutions.Why Join MARS Cosmetics?Competitive salary and benefits package.Opportunity to be part of an innovative, fast-growing global brand.A creative and dynamic work environment with room for growth and career advancement.Collaborative team culture focused on passion, innovation, and personal development.If you are passionate about driving innovation in the beauty industry and have a strong track record in new product development, we encourage you to apply and join MARS Cosmetics in shaping the future of beauty.How to Apply:Please submit your resume along with a cover letter outlining your experience, qualifications, and why you would be a great fit for this role to careers@marscosmetics.in