Product Management Specialist

ABOUT ADVANCED ENERGY

Advanced Energy (Nasdaq: AEIS) is a global leader in the design and manufacturing of highly engineered, precision power conversion, measurement and control solutions for mission-critical applications and processes. AE’s power solutions enable customer innovation in complex applications for a wide range of industries including semiconductor equipment, industrial, manufacturing, telecommunications, data center computing and healthcare. Advanced Energy has devoted four decades to perfecting power for its global customers and is headquartered in Denver, Colorado.

POSITION SUMMARY:

The Product Management Specialist manages worldwide business for multiple new/existing product lines. These product lines will likely be at different stages of their respective lifecycles. They will assist in segmentation, business planning, product marketing strategies, portfolio management, negotiations, and production forecasts. They will also create and oversee marketing collateral updates as well as supporting new product launch marketing collateral development.

RESPONSIBILITIES:

• Responsible for managing day to day tasks for respective product lines

• Manages engineering priorities for assigned product lines assuring alignment of engineering efforts with business goals and customer requirements for new derivative creation

• Defines and implements sustaining & end-of-life strategies for mature or declining product lines

• Tracks and reports sales results (pricing and gross margins) for specific product lines on a regular basis for regular (monthly/quarterly) business reviews

• Manages/facilitates critical customer escalations related to service, as necessary

• Provides support as needed to internal functional organizations to ensure rapid response to opportunities and effective solutions to customer issues at accounts

• Uses market research and competitive analysis as needed in these activities to maximize AE global market advantage

• Interfaces with Global Sales, Research and Development, Engineering, Worldwide Customer Support, Operations, Corporate Marketing, Quality, and other partners to ensure new offerings meet technical specifications, cost targets, delivery commitments, and achieve customer adoption, cost targets, delivery commitments, and achieve customer adoption

• Monitors global market trends for new opportunities and refines understanding of user needs in AE target markets through FAEs, Product Managers and customer input

• As needed, coordinates with external partners, alternative channels, third-party integrators

• Assists with annual business planning, marketing tools, and infrastructure as needed

• Coordinates regular forecasting and demand analysis with Sales

• Defines product plans, including critical features, price targets, profit, return on investment (ROI), competitive strength, and value delivery for NPD products they are assigned to

• Guides development and manages tradeoffs of specifications & schedules for new products and/or services

• Partners with launch product manager(s) to Interface with Corporate Marketing - drives naming, positioning, literature, collateral, web content, and launch activities

QUALIFICATIONS:

• Able to give direction that is easily followed

• Able to communicate potential issues clearly and proactively to quality/engineering to help resolve customer issues in both written and verbal communication

• Applies learned techniques and contributes to team analysis and investigation to solve problems within sphere of role and/or product development responsibilities

• Knowledge and usage with teams using standard problem-solving tools

• Responsible for own work and how you get it done

• Guides members to be accountable for their work to efficiently and effectively get product to customers

• Solve broad customer/market issues and communicate with Account Team

EXPERIENCE:

• 0-2 years of experience in Product Management

EDUCATION:

• Essential: Bachelor's degree in technical field

• Desirable: M.S. in technical field

COMPENSATION:

As required by multiple state pay transparency laws, Advanced Energy provides a reasonable range of compensation for each job posting. Actual compensation is influenced by an array of factors including, but not limited to, skill set, level of experience, and specific office location. The range of starting pay for this role is $80,000 to $110,000 per year.

BENEFITS:

As part of our total rewards philosophy, we believe in offering and maintaining competitive compensation and benefits programs for our employees to attract and retain a talented, highly engaged workforce. Our compensation programs are focused on equitable, fair pay practices including market-based base pay, an annual pay-for-performance incentive plan, and discounted Employee Stock Purchase Plan. 

In addition to our competitive compensation practices, we offer a strong benefits package in each of the countries in which we operate. In the U.S., we offer a rich benefits package that includes:

• Medical - multiple medical plans are available to choose from

• Short and long-term disability and life insurance

• Health savings and flexible spending accounts

• Generous time off policy starting with 3 weeks of paid vacation, 7 days of paid sick time, and 12 paid holidays

• 8 hours of paid volunteer time off

• 8 weeks of paid parental leave for both Moms and Dads

• Company matched 401(k)

• Tuition reimbursement

• Expanded mental health coverage and employee assistance programs

• Other voluntary benefits include critical illness, accident and hospital indemnity, pet insurance, identify theft, and legal assistance

Advanced Energy is committed to diversity in its workforce including Equal Opportunity Employment. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, and/or veteran status.

Advanced Energy is also committed to providing reasonable accommodations in our job application process/procedures for qualified individuals with disabilities. If you require assistance in completing an Advanced Energy application, please reach out to HumanResources@aei.com

Applications will be accepted through March 31, 2025, the company reserves the right to review applications at any point after they are submitted.