VP - Product Development

15 - 20 years

8 - 16 Lacs

Posted:6 days ago| Platform: Foundit logo

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Work Mode

On-site

Job Type

Full Time

Job Description

Skills and Qualifications

  • Education

    : Bachelor s degree in Chemistry, Chemical Engineering, Cosmetic Science, Business Administration, or a related field. A Master s degree or relevant certifications (e.g., in Regulatory Affairs, Project Management) is a plus.
  • Experience

    : At least 15+ years of experience in product development within the beauty, personal care, or cosmetics industry, with at least 5-7 years in a senior or executive leadership role.
  • Industry Knowledge

    : Deep knowledge of the beauty and personal care market, including consumer trends, regulatory requirements, and RD processes.
  • Leadership Skills

    : Proven experience in leading and developing cross-functional teams, including RD, marketing, sourcing, and manufacturing.
  • Innovation and Creativity

    : Strong ability to drive innovation in product formulation and design, with a keen eye for emerging trends and market demands.
  • Regulatory Expertise

    : In-depth understanding of the regulatory landscape for beauty and personal care products, including safety, claims, and certification processes.
  • Sustainability and Ethical Practices

    : Strong commitment to sustainability in product development, with experience in sourcing clean ingredients and eco-friendly packaging.
  • Analytical Skills

    : Ability to analyze market data, consumer feedback, and performance metrics to drive decisions and improve product offerings.
  • Communication Skills

    : Excellent verbal and written communication skills, capable of presenting to stakeholders and working effectively with internal and external teams.
  • Project Management

    : Strong project management skills with experience overseeing product development timelines, budgets, and resources.
  • Technology Proficiency

    : Familiarity with product development software, ERP systems, and data analytics tools.

Working Conditions

  • Location

    : Primarily based in the company s headquarters or product development office, with occasional travel to manufacturing facilities, trade shows, or global markets.

Key Performance Indicators (KPI s)

  • Successful product launches within budget and on schedule.
  • Revenue growth and market share for new products.
  • Consumer satisfaction and feedback on new products.
  • Adherence to regulatory standards and safety protocols.
  • Innovation and impact of new product lines.
  • Progress on sustainability initiatives (e.g., Eco-friendly formulations, packaging).
  • Strategic Leadership in Product Development
  • Innovation and Product Pipeline
  • Collaboration with Cross-Functional Teams
  • Research Development Oversight
  • Brand Alignment and Consumer Insights
  • Regulatory and Compliance Management
  • Sustainability Initiatives
  • Team Leadership and Development
  • Budget and Cost Management
  • Product Launch and Go-to-Market Strategy

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