Product Owner

1 day ago

Oragadam, Tamil Nadu, India Danfoss Full time

About the Role

As a Product Owner - Global Portfolio Lead at Danfoss, you will be responsible for driving new product development projects and optimizing the value add, cost, and quality of our products.

Key Responsibilities

  • Drive & lead new product development projects as a product owner.
  • Optimizing the value add, cost, and quality of the product by clearly expressing Product Backlog items and documenting the value add (Value Proposition, Product Strategy, Business Value, Product Positioning).
  • Prioritizing the items in the Product Backlog to best achieve goals and missions.
  • Turns data insights into products with actionable outcomes to the ultimate customer.
  • Continuously reviews the business needs, refines priorities keeping the balance between committed items and non-committed items for implementation to minimize customer disturbances when fast-moving items are entering into backlog.
  • Is specialized in certain product management activities as Product Owner – could be across product families.
  • Owns all aspects of the product (Hardware, Software, release).
  • Drive product improvements based on market and customer needs with technical understanding and act as technical advisor for various internal projects.
  • Has strong competitor insight for the relevant products.
  • Give necessary in-depth product support for Sales & Service teams and customers and make customer visits as required to help sales organization on key projects.
  • Facilitate the development of technical and marketing literature for new products.
  • Engage with product owners globally for alignment of product gaps.
  • Drive Regional Product Portfolio.
  • Drive product specifications based on regional and focused vertical dimensions by interviewing customers.
  • Build business case for regional product requirements.
  • Drive product launch activities as relevant for localized products.

Success Criteria

The success of this role can be measured by:

  • Value of backlog: well maintained and available, priority set and reviewed, continuously refined.
  • Value of delivered backlog (as planned, as sold): “Building the right thing” – product meets the set value propositions, product sales change & cost down & quality vs targets.
  • Other measurements relevant for specific Segment/BU/Region or product.

Requirements

To be successful in this role, you will need:

  • 9-12 Years in technical or applications role for an industrial electronics products manufacturing company. Experience in a very similar product area (drives, motors, electromechanical or electrical controls,) is strongly preferred.
  • Bachelors degree in Engineering – Electronics / Electrical.
  • Exposure to global markets.
  • A broad base of business knowledge in addition to technical knowledge.
  • Able to deal technically with complete systems involving complex technical components.
  • Experienced at analysing customer needs and defining solutions.
  • Experience in Product Management and/or Product Development.
  • Proven ability to influence cross-functional teams without formal authority.
  • Previous experience in similar business with good understanding of Agile product development.

Personal Characteristics

You will also need to possess:

  • A proactive self-starter, keen to work in the fluid / dynamic environment.
  • Solution focused, not technology biased; will seek the appropriate tool for the job.
  • Good aptitude with outstanding technical, interpersonal, and communication skills.
  • Presentation skills.
  • Demonstrating accountability.
  • Leveraging the team to get results beyond targets.
  • Stakeholder management & collaboration skills.
  • Excellent teamwork and communication skills.
  • Positive attitude, character, Integrity, Motivation, Determination, and create value to the organization.

Salary Information

This role offers a competitive salary in the range of $120,000 - $160,000 per year, depending on experience.

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