Director of Portfolio Strategy - Thermal Solutions (Finance)

Honeywell Thermal Solutions (HTS) focuses on providing innovative thermal management solutions across various industries. As part of Industrial Automation, HTS offers products that enhance efficiency, safety, and sustainability in heating and cooling applications. The division is recognized for its advanced technologies in combustion controls, thermal measurement, and process optimization, which help reduce emissions and improve energy efficiency. Furthermore, HTS supports customers in navigating the complexities of energy transitions while ensuring compliance with regulatory standards. By leveraging its global expertise, Honeywell Thermal Solutions aims to deliver customized solutions that meet the evolving needs of its clients.

Position Overview

As a Director of Portfolio Management for HTS focused on Portfolio Growth here at Honeywell, you will play a crucial role in driving growth and profitability by aligning our offerings with growth industries and end segments. You will be responsible for developing and executing strategies to expand our portfolio and capture market opportunities in high-growth sectors. Your strong leadership skills, strategic thinking, and market insights will be essential in driving the success of our business.

In this role, you will have a significant impact on our strategic direction, revenue growth, customer acquisition, and market share expansion. You will lead a global team through a transformation of the function and its portfolio.

Ideal Candidate Experience:

• Proven experience (typically 10+ years) in product management, offering management, or related roles, with significant experience in portfolio management and leadership positions.
• Previous experience leading an offering management function with a focus on portfolio growth
• Strong strategic thinking, analytical, and problem-solving skills, with a track record of driving business growth through effective portfolio management.
• Strong ability to identify growth industries segments with high market potential
• Experience with developing and executing strategies to expand portfolio's alignment with growth opportunities.
• Collaborate with cross-functional teams to develop and launch new offerings targeted at growth industries.
• Developed pricing and go-to-market strategies to maximize revenue and market share
• Monitored and track portfolio performance and make data-driven decisions to optimize growth

Key Responsibilities:

Portfolio Strategy and Development:

• Develop and execute the overall strategy for the company's product portfolio, encompassing both existing products and new offerings.
• Conduct market analysis, customer segmentation, and competitive assessments to identify market trends, opportunities, and portfolio gaps.
• Define and prioritize portfolio investments based on strategic fit, market potential, and financial viability.

Product Lifecycle Management:

• Oversee the entire lifecycle of products within the portfolio, from concept development through to end-of-life decisions.
• Collaborate with cross-functional teams (R&D, engineering, marketing, sales, operations) to define product roadmaps, feature enhancements, and product differentiation strategies.
• Monitor product performance metrics, including revenue growth, profitability, and market share, and make data-driven decisions to optimize portfolio performance.

Stakeholder Management and Collaboration:

• Serve as a strategic advisor to executive leadership and senior management on portfolio strategy, performance, and market dynamics.
• Foster collaboration and alignment across departments to drive portfolio growth and profitability.
• Build strong relationships with internal stakeholders, external partners, and key customers to drive co-development opportunities and enhance product offerings.

Continuous Improvement and Innovation:

• Lead continuous improvement initiatives to enhance product quality, customer satisfaction, and operational efficiency within the portfolio.
• Stay abreast of industry trends, technological advancements, and competitive landscape to identify opportunities for product innovation and differentiation.
• Champion a culture of innovation and excellence within the offering management team, encouraging creativity, collaboration, and continuous learning.

YOU MUST HAVE

• Minimum of 10 years of experience in offering management or related roles

• Proven track record of driving portfolio growth and capturing market opportunities

• Strong leadership and people management skills

• Excellent strategic thinking and problem-solving abilities

• Ability to analyze market trends and customer needs to identify growth opportunities

• Excellent communication and interpersonal skills including at an executive level

WE VALUE

• Bachelor's degree in Business, Engineering, or related field

• Master's degree in Business, Engineering, or related field

• Experience in a global, matrixed organization

• Experience in leading offering management teams focused on portfolio growth

• Strong analytical and market research skills

• Ability to adapt to a fast-paced and changing environment

• It will be considered an asset to have experience in combustion controls, thermal measurement and process optimizationAbout Us

Honeywell helps organizations solve the world's most complex challenges in automation, the future of aviation and energy transition. As a trusted partner, we provide actionable solutions and innovation through our Aerospace Technologies, Building Automation, Energy and Sustainability Solutions, and Industrial Automation business segments - powered by our Honeywell Forge software - that help make the world smarter, safer and more sustainable.