New Product Development Executive

2 days ago

Mumbai, Maharashtra, India Pilgrim Full time ₹ 2,50,000 - ₹ 7,50,000 per year

About
:

Founded in 2019 by IIT-B and IIM-A Alumni, Pilgrim is one of the fastest-growing Beauty & Personal Care brands that offers 250+ SKUs across face care, haircare, skincare, makeup and fragrances at over 25,000 pin codes and has grown into a 1000+ offline store omni-channel brand. Pilgrim is known to handpick the world's best beauty secrets to create exciting and efficacious products that deliver results.

Position Summary
:

We are seeking a highly skilled and innovative
Executive - NPD for the Skin Care, Hair Care & Body Care
vertical to join our team
.
In this role, the person will be responsible for identifying the right product-mix, trending ingredients, treatment products and cutting-edge technology to help build a successful product portfolio to drive business growth.

Responsibilities
:

  • Product Development:
    Develop a robust NPD pipeline from ideation to launch. Identify trends, understand customer needs and work with internal teams (e.g., research & development, marketing, sales) and manufacturers to develop & test new product concepts/prototypes.

  • Market Research & Analysis:
    Staying on top of industry trends, active ingredients, treatments and competitor activity is crucial to develop the right product-mix offering as well as identifying any white space or innovation opportunities. Striking conversations with consumers and experts such as stylists, aestheticians, dermatologists to understand need-gaps and stay ahead of the curve.

  • Project Management:
    Oversee the entire new product development process, from initial concept to launch. This includes managing target costs, timelines, artworks and ensuring all regulatory requirements are met. Collaborating with cross-functional teams and troubleshooting as required.

  • Supplier Management:
    Identify right partners/manufacturers for the product range to be developed and maintain strong partnerships. Collaborate with suppliers for ingredients, packaging, and manufacturing.

  • Product Launch & Commercialization:
    Ensure successful commercialization of NPD pipeline, monitor and analyse the performance of launched product ranges and drive continuous improvement. Provide support to marketing and sales team members to get new products into various online & offline channels & help generate excitement for new launches.

Experience & Education
:

  • B.Tech/M.Tech in Cosmetology or B. Sc / M.Sc in Chemistry
  • 1-3 years experience in NPD in skin care, hair care, treatment products, salon/professional products.
  • Prior experience in Skincare, Haircare or salon professional domain will be an added advantage.
  • Working knowledge of MS-Office [specialising in MS-Excel]
  • Creative thinking and problem-solving abilities, with a passion for staying ahead of the curve in marketing trends, actives, products and treatments.
  • Ability to multitask, prioritize projects, and meet deadlines in a fast-paced environment.
  • Excellent communication and collaboration skills, with the ability to work effectively across teams and departments.

Location
:

Andheri, Mumbai.

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