Position – Vice President of Product Development (Beauty/Personal Care)
Experience – 15-20 Years
Budget – As per Industry Norms *(depending upon the current ctc)
Location – Delhi (Head Office)
The Vice President of Product Development in the Beauty/Personal Care industry is a senior leadership position responsible for overseeing the strategic direction, innovation, and execution of all product development initiatives. This role is essential in driving the creation, formulation, and launch of new beauty and personal care products, ensuring they align with the company’s brand, market trends, and consumer demands. The VP will lead a cross-functional team, including R&D, packaging, marketing, and regulatory affairs, to bring innovative and high-quality products to market efficiently while meeting all regulatory requirements.
Key Responsibilities:
- 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
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 R&D processes.
- Leadership Skills: Proven experience in leading and developing cross-functional teams, including R&D, 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).