Product Manager

Position Summary

At Samsung Electronics Canada, we take pride in the creativity and diversity of our talented people - they are at the forefront of everything we do. Their skillset and mindset drive our continued success. We want the best of the best at Samsung to join our team, not just those who fit into our Culture but those who will ADD to our Culture and make Samsung an even better place to work.

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If you want to work for one of the most recognized brands in the world and one of the Top 100 Employers in Canada...and have a ton of fun. then please keep reading

Our Perks:

- Hybrid Working Environment
- Competitive Salary and Performance based incentive plan for all levels
- Employer paid Medical and Dental coverage from day one
- Group RRSP plan that helps you save for the future
- Fantastic employee discount on all Samsung products
- Free on-site gym to get your sweat on
- Subsidized Cafeteria; including free Starbucks coffee/latte machine
- Tuition Reimbursement to keep you learning/Access of Samsung U for 24/7 online learning
- Employee Referral program
- we want great talent like you

The incumbent is responsible to drive product-related business decisions for the local subsidiary in conjunction with the Sr. Manager, Product Management, and GBM (SEC) over the product life cycle relating to internal communication and financial implications as well as overall sell-in / sell-through by Channel. This includes product line-up strategy, product launch timing, price positioning within SECA. Canadian market plans will be developed based on market share analysis, competitive activity and the resulting promotion planning. All internal forecasting (CMF & 3MF) and inventory management will be based on the internal information provided from this role.

In addition, this role will have ownership of driving product strategy into the market with a focus on sell thru forecasting, monitoring and review. Key aspects of this role will focus on the channel distribution strategy and promotion planning. This role will be required to work closely with the CE sales team to communicate the category product strategy and ensure the key dealer execution elements are in alignment with the overall product category direction. This would include dealer collaboration on multiple consumer touch points: advertising, merchandising and product training. This role will be required to constantly analyze and assess the results of the product category plans at the dealer level and clearly, and frequently, communicate issues and opportunities in their business.

Role and Responsibilities

Essential Duties and Responsibilities:

- This role will be responsible for internal communication to GBM regarding Canadian market conditions including competitive activity (opportunities and threats) and overall product planning status.
- Lead the communication to GBM regarding product / model setup of models in the system including financial items like COGS, consolidated profit, etc.
- Accountable for the profit and loss of the product line-up from forecasting, simulation, monitoring of targets vs. actual and reporting for financial stability (coordination with Finance and Sales Administration).
- Prepare industry forecast of overall market size, segment trend analysis and preliminary market share expectations based on total available market (TAM) to ensure divisional strategic KPI objectives are met.
- Prepare initial category budget forecasting for unit and revenue sales forecast including profit simulation & market share expectations. Collaborate with internal product management team to assure sales growth and positive profit for product category.
- Align with Sr. Manager, Product Management on pricing lifecycle from new model product launch to end of life transition including monthly price list maintenance, interim price moves, and special pricing for specific opportunities.
- As part of the Category Product Management Team, this role will prepare a summary of category plans and present financial expectations as well as sell through expectations of quarterly promotional plans to Division VP and Business Manager for sign off
- Work closely with Sr. Manager, Product Management and AP2 planner to ensure the right quantity of product is received from the factory at the right time to achieve financial plans and weekly sales targets.
- Required to analyze weekly PSI for all strategic accounts and assure that right level of inventory is in channel to mitigate any risk for aging Inventory
- Drive collaboration and ideation with the sales team throughout the product lifecycle from SKU line-up assortment, launches, and in conjunction with Channel Manager on channel distribution, and transition / EOL management
- Monitoring of key accounts with a primary focus on Sell Out/Weeks of Supply to gauge how the short and mid-term objectives are progressing and provide corrective action plans to capitalize on opportunities and mitig