Sr. Product Manager - Connected Home Products, Schlage Lock

Creating Peace of Mind by Pioneering Safety and Security

At Allegion, we help keep the people you know and love safe and secure where they live, work and visit. With more than 30 brands, 12,000+ employees globally and products sold in 130 countries, we specialize in security around the doorway and beyond. Additionally, in 2024 we were awarded the Gallup Exceptional Workplace Award, which recognizes the most engaged workplace cultures in the world.

Product Manager, Connect Home Products – Carmel, IN

Product Manager

The Product Manager is a highly collaborative position responsible for executing strategic product initiatives across the electronic product portfolio for Allegion's Home business. This position is responsible for ensuring near term and long-term profitability for the business by partnering with the Director of Product Management and executing on the product portfolio strategy, actively managing value propositions within programs, ensuring product line positioning, and all other aspects of product management.  This position enables and drives collaboration and partnership with multiple functions including engineering, marketing, sales, manufacturing, and sourcing, to achieve the successful execution of product plans and development and execution of product roadmaps

What You Will Do:

Product Vision, Strategy & Execution: 

• Develop product strategy and manage product line(s) through research, market knowledge, and customer insights, identifying and evaluating current and future market opportunities and optimizing product line(s) to meet business objectives 

• Manage the product life cycle for assigned product line(s) including new product development & innovation opportunities, sunsetting and other enhancements in line with Allegion Home’s strategy 

• Develop strategy, gain alignment, and drive execution through collaboration and trusted partnerships with internal and external stakeholders

Business and P&L 

• Lead the development of business cases in partnership with cross-functional stakeholders that detail KPIs and/or financial expectations, market size, forecasts, investment, and commercialization strategy 

• Gather & synthesizes sales, market, customer, competitive, and other data to use as inputs when developing or adjusting the product strategy and making decisions for their product line(s) 

• Actively manage the performance of their product line(s) through financial metrics & KPIs; evaluates and determines actions to positively influence business performance 

• Leads and influences using strong business and financial acumen with ability to translate data analysis into actionable opportunities 

Technical Aptitude: 

• Acts as go-to expert on their assigned product(s) within the organization; Has a working understanding of how the product is designed, built, and transacted. 

• Well-versed in industry/regulatory certifications and building codes that may apply to their portfolio 

• Understands product application best practices (install, maintenance, support, etc.) 

• Understands how the product line fits within the greater ecosystem of products it surrounds 

Customer Empathy & External Market: 

• Maintain comprehensive knowledge of markets, channels, consumer/customer needs, industry trends and go-to market strategy; consistently evaluating future market opportunities, threats, and internal business goals to adjust product strategy as needed 

Communication & Collaboration:  

• Maintain close, trusting relationships with stakeholders. Inspiring, influencing, and aligning others toward shared goals 

• Clearly and concisely communicate product information ensuring shared understanding throughout the organization 

Leadership & Influencing: 

• Provide direction, mentorship, and/or coaching to others; may have direct management responsibility for early career talent 

• Present product line updates, strategy, prioritization and related information to stakeholders, other departments, and internal or external customers displaying command, presence, and ownership 

What You Need to Succeed:

• Bachelor’s degree in Business, or technical field (Software, Electronics, Information Systems, etc.) required, Master’s preferred. 

• 5+ years of experience in product management or new product development   

• Expert understanding of smart home industry landscape, consumer needs, and competitiv