Senior Product Manager

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.

WHY BE A PART OF ADVANCED ENERGY?

Some people say it’s like working in the best of two worlds. We operate like an agile, growing, small company – you can see your work make a difference to the company every day. Things move quickly and you can see and feel it. At the same time, we’re a global company founded in 1981 and have been publicly traded for more than 28 years. We have a strong cash position, deep trust and partnership with leading customers, a global best-in-class operations capability, and a proven leadership team. We have a track record and resources to make things happen both organically and inorganically. Being part of a nimble company with a solid foundation attracts team members that are capable, driven and like a challenge. Our employees collaborate and know how to have fun inventing, working, building and winning together. At our core, we are Advanced Energy – powering the future, together.

POSITION SUMMARY:

Manages Advanced Energy’s worldwide business for multiple product lines through their lifecycles, including product strategy, customer/market requirements analysis, and pricing. On a peer basis, interacts with engineering, manufacturing, and sales to optimize business performance for assigned product lines. Assists in segmentation, business planning, product marketing strategies, portfolio management, negotiations, and production forecasts.

This position may also have management responsibility for other, less experienced members of the product management team. With vice president, directors, and other senior product managers, helps to define the roles of product managers, and their interactions with other departments. Also helps create the processes with which they conduct their work and sets the standards for product management at AE. Provides training for the other product managers.

RESPONSIBILITIES:

• Manages lifecycles of multiple AE product lines from concept through launch, to end of life and obsolescence. These product lines will likely be at various stages of their respective lifecycles.Reports to Senior Management on the P&L performance of assigned Product Lines.

• Monitors global market trends for new opportunities and refines understanding of user needs in AE target markets through research and customer visits.

• Assesses viability of product concepts & customization requests to meet worldwide market, financial, and technology goals.

• Defines product plans, including critical features, price targets, profit, return on investment (ROI), competitive strength, and value delivery.

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

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

• 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.

• As needed, coordinates with external partners, Business Development, alternative channels, and third-party integrators.

• With Corporate Marketing, drives naming, positioning, literature, collateral, web content, and launch activities.

• Coordinates regular forecasting and demand analysis with Sales.

• Maye be responsible for managing Product Managers and other Marketing staff members directly reporting to this position, including personnel issues, budgets, and activities.

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

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

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

WORK ENVIRONMENT:

• Location: Fort Collins, Colorado

• Standard office environment.

• Extended hours will be necessary depending on market conditions from time to time.

• Travel, both domestic and international, up to 20% of work time, is anticipated.

• This position has a significant amount of interdepartmental communications.

QUALIFICATIONS:

• Excellent communication skills, both face to face and written.

• Broad understanding of end user plasma processing and AE products.

• Financial analysis capability.

• Ability to manage multiple priorities and tasks.

• Superior organizational, planning and coordination skills.

• Business savvy and strong negotiation skills.

• Ability to structure market research and competitive analysis.

• Energy and ability to motivate others.

EXPERIENCE:

• 5 - 10 years experience in product marketing or related marketing position is essential.

• Prefer a minimum of 5 years experience with thin film device manufacturing or thin film equipment manufacturing. Thin film devices include integrated circuits, hard drives, thin film heads, CD’s, DVD’s, etc.

• Experience with semiconductor equipment manufacturing is highly desirable.

• Prefer some sales or marketing management experience in high technology.

EDUCATION:

• B.S. degree, technical preferred, or equivalent education and/or experience in a related field is essential

• Advanced degree, including M.S., Ph.D., or MBA, is highly desirable.

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 $140,000 to $170,000 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 May 31, 2024 - the company reserves the right to review applications at any point after they are submitted.