Operations

Director of Product Development

Looking to hire your next Director of Product Development? Here’s a full job description template to use as a guide.

About Vintti

Vintti is a staffing agency dedicated to boosting the economic efficiency of US companies. We provide access to a diverse range of skilled Latin American professionals, allowing businesses to build robust teams without the traditional high costs associated with domestic hiring. Our model supports companies in maximizing their resources, driving innovation, and achieving sustainable growth.

Description

The Director of Product Development plays a pivotal role in steering the strategic vision and execution of new products within a company. This senior leadership position involves overseeing the entire product lifecycle, from initial concept and design to development and market introduction. Responsibilities include collaborating with cross-functional teams such as engineering, marketing, and sales to ensure that products meet market demands and business goals. The Director also focuses on innovation, competitive analysis, and resource management to deliver high-quality products that drive growth and customer satisfaction.

Requirements

- Bachelor's degree in Business, Engineering, Product Management, or related field; Master's degree preferred.
- Proven experience (10+ years) in product development roles, including at least 5 years in a leadership position.
- Strong understanding of the product lifecycle from concept to launch.
- Demonstrated ability to manage and lead cross-functional teams.
- Excellent project management skills with a track record of delivering projects on time and within budget.
- Proficiency in product management tools and software.
- Strong analytical skills to assess market trends, customer needs, and competitive products.
- Exceptional communication and presentation skills.
- Experience in developing and implementing product development processes and best practices.
- Ability to analyze complex data and make data-driven decisions.
- Knowledge of industry standards, regulations, and safety requirements.
- Strong problem-solving and decision-making abilities.
- Budget management and resource allocation experience.
- Proven ability to mentor, train, and develop team members.
- Experience working with third-party vendors, tools, and technologies.
- Risk assessment and mitigation strategy experience.
- Ability to work effectively with senior management and stakeholders.
- Strong customer-focused mindset with experience in gathering and analyzing customer feedback.
- High level of organization and attention to detail.
- Ability to foster a culture of innovation, collaboration, and continuous improvement.
- Proficiency in Microsoft Office Suite (Word, Excel, PowerPoint).
- Willingness to travel as needed.

Responsabilities

- Lead and manage the product development team.
- Oversee entire product lifecycle from concept to launch.
- Collaborate with cross-functional teams for requirements and feedback.
- Analyze market trends, customer needs, and competitive products.
- Create and manage product roadmaps and timelines.
- Develop and implement product development processes and standards.
- Monitor project progress and resolve issues.
- Conduct regular team meetings and provide updates to senior management.
- Ensure compliance with industry standards, regulations, and safety requirements.
- Allocate resources and manage budgets.
- Mentor and train team members.
- Evaluate and select third-party vendors, tools, and technologies.
- Perform risk assessments and develop mitigation strategies.
- Gather and analyze data to measure product performance and customer satisfaction.
- Foster relationships with key customers and partners.
- Prepare and deliver presentations, reports, and status updates to executive leadership.

Ideal Candidate

The ideal candidate for the Director of Product Development role is a visionary leader with a strategic mindset and a Bachelor's degree in Business, Engineering, Product Management, or a related field, with a Master's degree preferred. With over 10 years of proven experience in product development roles, including at least 5 years in a leadership position, this candidate demonstrates a strong understanding of the entire product lifecycle, from concept to launch. They excel in managing and leading cross-functional teams, and possess exceptional project management skills, delivering projects on time and within budget. Proficient in product management tools and software, the candidate showcases strong analytical skills to assess market trends, customer needs, and competitive products. They are an exceptional communicator and presenter, experienced in developing and implementing product development processes and best practices. Demonstrating strong problem-solving and decision-making abilities, the candidate is highly detail-oriented, organized, and adept at managing budgets and resource allocation. Known for their ability to mentor and develop team members, they successfully work with third-party vendors, tools, and technologies, performing risk assessments and developing mitigation strategies. Their strong customer-focused mindset is evident in their capability to gather and analyze customer feedback, fostering relationships with key customers and partners. This proactive, self-motivated individual thrives in fast-paced environments, making informed decisions quickly while handling ambiguity. Committed to continuous improvement, they stay current on industry trends and developments, fostering a culture of innovation, collaboration, and inclusivity. Highly adaptable and flexible, they possess strong influencing and negotiation skills, demonstrate high integrity and professionalism, and maintain a focus on innovation and quality. The ideal candidate brings a strong business acumen, understanding of financial management, and a high level of initiative and persistence, with the ability to manage multiple projects simultaneously while fostering a positive work culture.

On a typical day, you will...

- Lead and manage the product development team to ensure alignment with company goals and objectives.
- Oversee the entire product lifecycle from concept to launch, including research, design, development, and production.
- Collaborate with cross-functional teams including marketing, sales, engineering, and customer support to gather requirements and feedback.
- Analyze market trends, customer needs, and competitive products to identify opportunities for new product development.
- Create and manage product roadmaps and timelines, ensuring timely delivery of high-quality products.
- Develop and implement product development processes, best practices, and standards.
- Monitor project progress, resolve issues, and make adjustments as needed to meet deadlines and objectives.
- Conduct regular team meetings and provide updates to senior management and stakeholders.
- Ensure compliance with industry standards, regulations, and safety requirements throughout the product development process.
- Allocate resources, manage budgets, and forecast future resource needs for ongoing and upcoming projects.
- Mentor and train team members, fostering a culture of innovation, collaboration, and continuous improvement.
- Evaluate and select third-party vendors, tools, and technologies to support the product development efforts.
- Perform risk assessments and develop mitigation strategies to address potential challenges in the product development process.
- Gather and analyze data to measure product performance and customer satisfaction post-launch.
- Foster relationships with key customers and partners to gain insights and feedback for continuous product improvement.
- Prepare and deliver presentations, reports, and status updates to executive leadership and other stakeholders.

What we are looking for

- Visionary thinker with strategic mindset
- Strong leadership and team management abilities
- Excellent communication and interpersonal skills
- Highly adaptable and flexible in a fast-paced environment
- Detail-oriented with strong organizational skills
- Proactive and self-motivated problem solver
- High level of integrity and professionalism
- Results-driven with a focus on innovation and quality
- Collaborative nature with cross-functional team experience
- Strong customer empathy and focus on customer satisfaction
- Ability to handle ambiguity and make informed decisions quickly
- Demonstrated ability to manage multiple projects simultaneously
- Continuous learner with a passion for staying current on industry trends and developments
- Strong influencing and negotiation skills
- Ability to foster a positive and inclusive work culture
- Commitment to continuous improvement and fostering a culture of innovation
- High level of initiative and persistence
- Analytical mindset with the ability to interpret complex data
- Strong business acumen and understanding of financial management

What you can expect (benefits)

- Competitive salary range: $150,000 - $200,000 annually, depending on experience and qualifications
- Comprehensive health benefits including medical, dental, and vision insurance
- 401(k) retirement plan with company matching
- Generous paid time off (PTO) policy including vacation, sick leave, and holidays
- Flexible work hours and remote work options
- Performance-based bonuses and incentives
- Professional development and training programs
- Opportunities for career advancement and growth within the company
- Health and wellness programs, including gym membership reimbursements
- Employee assistance program (EAP) for personal and professional support
- Tuition reimbursement for continued education and advanced degrees
- Paid parental leave and support for new parents
- Life, disability, and accidental death and dismemberment insurance options
- Company-sponsored events and team-building activities
- Employee recognition and reward programs
- Relocation assistance for candidates moving from outside the area
- Company discount programs and perks
- Access to cutting-edge tools and technologies
- Collaborative and innovative work environment

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