Overview
A Principal Product Manager is an expert individual contributor responsible for ensuring the product’s value and viability within a product line. This role involves leading empowered, cross-functional product teams to solve complex customer problems that align with business needs. The Principal Product Manager is accountable for the product’s success, from vision to execution, and collaborates closely with various stakeholders to deliver valuable, viable, usable, and feasible solutions.
Key Responsibilities
- Product Accountability
- Responsible and accountable for the product's value and viability, including profit and loss
- Formulate and achieve Key Performance Indicators (KPIs).
- Own product profit and loss.
- Vision and Strategy
- Co-create, own, and evangelize the product vision, strategy, and roadmap.
- Align product objectives with the product line and business goals.
- Co-created in collaboration with business stakeholders, engineering, experience, and delivery.
- Market and User Engagement
- Conduct market research and competitive analysis.
- Engage the team with users and stakeholders through continuous research and direct interactions.
- Collaborate and guide the team toward solutions that address priority user and business needs.
- Collaboration and Teamwork
- Work with cross-functional (business, engineering, experience, and delivery) teams to achieve KPI outcomes.
- Promote a product operating model that emphasizes outcomes over output.
- Remove obstacles for the team and ensure smooth flow of continuous value achievement.
- Continuous Improvement
- Promote and drive rapid, emergent, and ongoing learning to meet objectives.
- Measure KPIs and analyze outcomes to inform future strategies.
- Drive innovation and improvement of the process to drive out waste and accelerate value achievement
- Spread knowledge and best practices within the product vertical community.
Required Qualifications
- Bachelor’s degree in Business, Marketing, Engineering, or a related field.
- Minimum of 10 years of proven experience in product management or directly related roles.
- Minimum of 2 years of people leader experience
- Limited immigration sponsorship may be available
Preferred Qualifications
- An MBA or related advanced degree is beneficial.
- Experience being accountable for value and viability results for an empowered product team.
- Expert analytical and problem-solving skills.
- Exceptional communication and collaboration abilities.
- Detail-oriented, organized, and visionary.
- Learning-forward and value-oriented mindset.
- Expert in modern product management craft and domain (tools, methods, and practices).
- Ability to navigate complexity and influence at all organizational levels.
- Broad knowledge across multiple business areas.
- Quick to reach expert-level knowledge within the product domain being served.
- Strong leadership capabilities.
- Customer-centric mindset.
- Ability to work as an individual contributor in a collaborative, cross-functional team.
- Humble, curious, and learning-forward mindset.
- Favor small step action and evidence over detailed upfront planning and precision aiming.
- Experience with lean solutions and rapid, inexpensive experimentation to emerge the right thing, in the right way, at the right time.
- High levels of continuous customer and user engagement.
- Ability to analyze data and derive actionable insights.
- Problem-Solving: Innovative and experimental approach to solving complex problems.
- Communication: Clear and effective communication with team members, stakeholders, and customers.
- Leadership: Ability to lead and inspire cross-functional teams, fostering collaboration and collective movement toward product goals.
- Customer-Centricity: Deep understanding of customer needs and engagement patterns, driving teams to deliver solutions that customers love and that work for the business.
- Strategic Thinking: Ability to develop and execute a strategic vision for the product, aligning it with broader business objectives.
Conclusion
The Principal Product Manager plays a crucial role in ensuring the success of the product by balancing customer needs with business objectives. This role requires a blend of strategic vision, analytical skills, and collaborative teamwork to deliver valuable, viable, usable, and feasible solutions.
The wage range for this role takes into account the wide range of factors that are considered in making compensation decisions including but not limited to skill sets; experience and training; licensure and certifications; and other business and organizational needs. The disclosed range estimate has not been adjusted for the applicable geographic differential associated with the location at which the position may be filled. At Deloitte, it is not typical for an individual to be hired at or near the top of the range for their role and compensation decisions are dependent on the facts and circumstances of each case. A reasonable estimate of the current range is $107700 to $198400.
You may also be eligible to participate in a discretionary annual incentive program, subject to the rules governing the program, whereby an award, if any, depends on various factors, including, without limitation, individual and organizational performance.
Information for applicants with a need for accommodation: https://www2.deloitte.com/us/en/pages/careers/articles/join-deloitte-assistance-for-disabled-applicants.html
Recruiting tips
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From developing a stand out resume to putting your best foot forward in the interview, we want you to feel prepared and confident as you explore opportunities at Deloitte. Check out recruiting tips from Deloitte recruiters.
Benefits
At Deloitte, we know that great people make a great organization. We value our people and offer employees a broad range of benefits. Learn more about what working at Deloitte can mean for you.
At Deloitte, we know that great people make a great organization. We value our people and offer employees a broad range of benefits. Learn more about what working at Deloitte can mean for you.
Our people and culture
Our diverse, equitable, and inclusive culture empowers our people to be who they are, contribute their unique perspectives, and make a difference individually and collectively. It enables us to leverage different ideas and perspectives, and bring more creativity and innovation to help solve our client most complex challenges. This makes Deloitte one of the most rewarding places to work. Learn more about our inclusive culture.
Our diverse, equitable, and inclusive culture empowers our people to be who they are, contribute their unique perspectives, and make a difference individually and collectively. It enables us to leverage different ideas and perspectives, and bring more creativity and innovation to help solve our client most complex challenges. This makes Deloitte one of the most rewarding places to work. Learn more about our inclusive culture.
Our purpose
Deloitte’s purpose is to make an impact that matters for our clients, our people, and in our communities. We are creating trust and confidence in a more equitable society. At Deloitte, purpose is synonymous with how we work every day. It defines who we are. We are focusing our collective efforts to advance sustainability, equity, and trust that come to life through our core commitments. Learn more about Deloitte's purpose, commitments, and impact.
Professional development
From entry-level employees to senior leaders, we believe there’s always room to learn. We offer opportunities to build new skills, take on leadership opportunities and connect and grow through mentorship. From on-the-job learning experiences to formal development programs, our professionals have a variety of opportunities to continue to grow throughout their career.
From entry-level employees to senior leaders, we believe there’s always room to learn. We offer opportunities to build new skills, take on leadership opportunities and connect and grow through mentorship. From on-the-job learning experiences to formal development programs, our professionals have a variety of opportunities to continue to grow throughout their career.