Our Mission is to be #1 by creating a better life for our customers. At LG Electronics, we make products and services that make lives better, easier and happier through increased functionality and fun. Put simply, we offer the latest innovations to make “Life Good”! As a global leader, we strive for greatness not only in the products we make but in our people. That is why we are currently seeking the newest innovator to join our dynamic team as a Associate Product Manager in our Lincolnshire offices
What we can offer you:
Culture for Growth | Top Notch Employee Health & Well Being Benefits | Every Voice Matters | Global Reach
The Opportunity:
An Associate Product Manager, responsible for assisting team leader in creating new product / technology products for the B2B verticals and providing strategic direction to the R&D Team
Principal Duties and Responsibilities:Creates promotions based on competitive analysis, channel WOS, profitability, and market trend. Monitors and constructs monthly simulation of sales deduction for net sales and SD% estimation. Reviews detailed level of sell out by end user and appropriates price deltas for calculation accruing monthly lump sums. Review and manage sales program escalations from A/R and SFM team and factor appropriately into deductions. Review PRM and appropriate price levels for new SKUs or adjustments needed for old skus. Maintain correct standard operating process for B2B GERP order process (risk review, VRB, Award Request).
Demand Planningo Pre- Order: Sales Communication (Product Lead Time, Updated SKU Information, etc…)o PO (Disty EDI, Sales - Order Desk) : Consolidation and Input for GDMIo MPO (Manual Purchase Order) - To OEM factory o Product Tracking (From Factory - Local Warehouse - Customer Delivery) o Managing Delivery of Accessories + Spare Part that is excluded from BOMSales Program managemento Build effective sales program/ promotions based for products based on WOS, availability, and market trend informationo Data management of pricing & promotional Databaseo Monitor / review annual/ quarterly Trade Term (MDF / VIR) for channel customerso Sales deduction simulation reports (weekly, monthly, quarterly, annual)- based on program accruals by deduction type, and all other factors o Claims verification from A/R• Claims escalations that require PM approval for additional program (all promotions)• Appropriating product level based splits, balance checks based by program and month, shortage calculationo Weekly and Monthly input of SD % into NPT for updated ROFOo Monthly budget approval request to HQ /C- Level managementData management and file creationo Create weekly report of sales / sell-out / sales program by customer (Channel PSI)o Monthly/ quarterly accrual simulation file based on CH PSI and detailed sell out analysis o Monthly Price Sheet / Bid desk / COI (Profitability) tooo Monthly MP Sales deduction filePipeline (SalesForce) Managemento Risk Reviewo VRB – Request, Review and Approval request and follow upo Award Request – Review and Approvalo General management for FAQs on bids, balance, over dues, new products, and Pricing Managemento New model pricing creation based on COI analysis and comp. marketo Price sheet creation / management Monthly MSRP/ Disty Price Sheet • Update new SKUs , Specs, EOL, and availability • Bid Desk Level price sheet • COI / MP Price tool updates Any new pricing will require: GERP price registration for RRP and CP Levelo Review of price escalation from Bid desk
Job Requirements:• Bachelor’s degree or higher• 1-3 years of experience in Technical Product Management, R&D Strategic Planning, B2B Business, Finance (recommended but not required)• Proficient, high level skills in Microsoft Power Point and Excel• Strong multi-tasking and organizational skills• Effective communication abilities with multiple parties within LG (sales, A/R, SFM, etc...)• Preferred Bilingual communication skills in English and Korea• Travel up to 20%
Pay range $53,000-77,000, In addition to base pay this role is eligible for a bonus/commission plan
At LG Electronics, we aspire to empower people and celebrate differences because we believe diversity will create the unexpected. We provide equal employment opportunity to all individuals regardless of their race, color, creed, religion, gender, age, sexual orientation, national origin, disability, veteran status, or any other characteristic protected by state, federal, or local law or other protected traits/characteristics. Consistent with our commitment to providing equal opportunity and embracing diversity, we have implemented affirmative action to ensure applicants are employed and employees are treated without regard to these characteristics.
In addition to the above, we believe that pay transparency is a key part of diversity, equity, and inclusion. Our salary ranges take into account many factors in making compensation decisions including but not limited to skillset, experience, licensure, certifications, internal equity, and other business needs. We consider geographic pay differentials in final offers. Because we operate in many geographies and have many business units across the United States, where applicable, may not reflect the specific business or geography differential that will apply to the final offer.