Director of Product Development
Job Description
Position Overview:
As the Director of Product Development, you will play a critical role in creating strategy, leading and overseeing the product development lifecycle, from ideation to launch. You will be responsible for driving innovation, managing cross-functional teams, and ensuring the successful execution of product development strategies. This role requires a combination of strategic thinking, technical expertise, the ability to develop collaborative relationships with other departments and strong leadership skills to bring innovative and high-quality products to market.
Key Responsibilities:
- Take complete ownership for product formulations in partnership supply chain, manufacturing, sales and marketing.
- Develop and articulate the product vision, story, strategy, and roadmap aligned with the company's overall vision and objectives.
- Manage the cost of goods (COGs) and margins and make recommendations on formula changes to align to pricing strategies.
- Review current portfolio of products to identify opportunities for improvement (ingredients, formula, costs, innovation).
- Develop and manage project timelines and milestones across all product development stages ensuring efficient and effective delivery of products.
- Clearly and simply communicate product benefits and features.
- Ensure product standards are followed (safe, effective, story, price, taste, & clean).
- Stay ahead on new ingredients, market trends, and new product concepts related to product categories to offer growth opportunities.
- Conduct regular reviews and assessments to identify and address potential risks, issues, and bottlenecks, ensuring projects stay on track.
- Train and promote all products, even ones you did not personally develop.
- Lead and collaborate with a product advisory group to leverage the skills of the group for the benefit of the overall product offering.
Qualifications and Skills:
- Bachelor's degree in a relevant field or equivalent work experience required.
- Proven experience (7+ years) in product management, with a focus on product development, in a health and wellness organization that focuses on weight loss and weight management.
- Clear understanding of dietary supplements.
- Demonstrated experience in meeting timelines and innovation despite obstacles.
- Strong leadership and people management skills, with a track record of successfully leading and developing high-performing teams.
- Deep understanding of product development methodologies, agile frameworks, and best practices
- Excellent communication, presentation, and interpersonal skills to collaborate effectively with cross-functional teams and senior stakeholders.
- Proven experience in successfully launching and scaling products in a fast-paced, dynamic environment.
- Familiarity with industry trends in health and wellness
- Results-oriented, entrepreneurial minded with a focus on achieving business goals while maintaining high standards of product quality.
About Xyngular:
Xyngular is a Utah-based network marketing company with award-winning weight loss and health products. Our core values are Excellence, Completion, Ownership, No-Egoness, Clarity, and Courage. These are not just things we say but things we live by. We are further set apart in our industry by an undying focus on our employees and customers.
Recognized as a Best Place to Work by Utah Business Magazine, Direct Selling News, and Inc. Magazine, Xyngular is highly invested in our people - whether employees or our independent business partners. We go above and beyond to make sure our employees feel appreciated. We know our success comes from our awesome people, our fun work environment, and our principle-centered leadership.
Come Join Us!
Date Posted
08/19/2023
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