Portfolio Manager - Heavy Industrial Equipmet
Lincoln Electric is the world leader in the engineering, design, and manufacturing of advanced arc welding solutions, automated joining, assembly and cutting systems, plasma and oxy-fuel cutting equipment, and has a leading global position in brazing and soldering alloys. Lincoln is recognized as the Welding Expert™ for its leading materials science, software development, automation engineering, and application expertise, which advance customers' fabrication capabilities to help them build a better world. Headquartered in Cleveland, Ohio, Lincoln Electric is a $4.2B publicly traded company (NASDAQ:LECO) with over 12,000 employees around the world, with operations in 71 manufacturing and automation system integration locations across 21 countries and maintains a worldwide network of distributors and sales offices serving customers in over 160 countries.
Location: Euclid - 22801
Employment Status: Salary Full-Time
Function: Marketing
Pay Grade and Range: AMK050-M2 Min: $116,671.00 - Mid: $155,561.00
Bonus Plan: AIP
Target Bonus: 15.0
Purpose
The Portfolio Manager - Heavy Industrial Equipment, is responsible for overseeing the strategic direction, performance, and lifecycle of the Heavy Industrial Equipment portfolio which includes MIG/MAG, FCAW, SAW, orbital solutions, induction heating and other heavy industrial equipment including related wire feeders. They lead the product management team responsible for brands like Power Wave, Pipe Fab, Flextec, Speedtec and other advanced industrial process brands worldwide. This role ensures alignment of the portfolio and product management team with market needs, business goals, and innovation strategies. The ideal candidate will bring strong analytical skills, cross-functional leadership, and an understanding of manufacturing environments to drive portfolio growth and profitability.
Duties and Responsibilities
- Portfolio Strategy & Planning:
- Develop and own the rolling five-year strategic roadmap for the product category, ensuring alignment with portfolio objectives. Oversee
- Develop and execute portfolio strategy aligned with company objectives and market trends.
- Identify growth opportunities, product gaps, and rationalization needs across the portfolio.
- Lifecycle Management:
- Manage the full product lifecycle—from ideation and development to launch, maturity, and phase-out across the portfolio.
- Monitor product performance and recommend adjustments to pricing, positioning, or investment.
- Market & Competitive Analysis:
- Analyze market trends, customer needs, and competitor offerings to inform portfolio decisions.
- Collaborate with market intelligence and sales teams to gather insights and validate strategies.
- Cross-Functional Collaboration:
- Work closely with engineering, operations, marketing, and sales to ensure successful product development and commercialization.
- Lead portfolio reviews and communicate performance metrics to stakeholders.
- Financial Oversight:
- Develop business cases for new product initiatives and manage portfolio-level profitability.
- Track revenue, margin, and ROI for key product lines.
Basic Requirements
- Bachelor’s degree in Engineering, Business, Marketing, or related field; MBA preferred.
- 5–8+ years of experience in product management or portfolio strategy, ideally in a manufacturing or industrial setting.
- Strong understanding of product lifecycle management and go-to-market strategies.
- Proficiency in data analysis and financial modeling.
- Excellent communication, leadership, and project management skills.
- Ability to travel a minimum of 20%.
Lincoln Electric is an Equal Opportunity Employer. We are committed to promoting equal employment opportunity for applicants, without regard to their race, color, national origin, religion, sex (including pregnancy, childbirth, or related medical conditions, including, but not limited to, lactation), sexual orientation, gender identity, age, veteran status, disability, genetic information, and any other category protected by federal, state, or local law.
Nearest Major Market: Cleveland
Job Segment:
MIG Welding, Pipe Welding, Welding, Fabrication, Project Manager, Manufacturing, Technology