Principal Product Manager, Industrial AI

IFS seeks a Principal Product Manager to lead Engineering and Construction initiatives in the Industrial AI space. The role oversees the full product lifecycle from discovery to adoption and scale, delivering AI-driven solutions for industrial customers under an AI-first strategy. The position is based in Itasca, IL with a hybrid work arrangement, offering a salary range of USD 190,000 to 215,000 per year.

Responsibilities

• Define and execute a clear product vision and roadmap aligned with corporate strategy and measurable customer outcomes.
• Identify high-impact opportunities through market, customer, competitive, and industry analysis.
• Construct robust investment cases focused on value creation, adoption, scalability, and differentiation.
• Drove growth across core and AI-enabled revenue streams.
• Ensure strategy alignment across related products or components within the portfolio.
• Lead end-to-end discovery in collaboration with Research and Design teams.
• Engage directly with customers to understand workflows, operational challenges, and desired outcomes.
• Co-create and validate solutions with customers.
• Establish continuous feedback loops from discovery through adoption.
• Utilize qualitative and quantitative insights to refine direction and ROI.
• Prioritize ruthlessly based on measurable value.
• Leverage AI, ML, and automation to enhance operational decision-making and optimize workflows.
• Lead functional prototyping and early validation to ensure feasibility and market fit.
• Champion an AI-first mindset across Product, Design, and Engineering, applying AI where it creates meaningful customer and commercial value.
• Identify high-impact opportunities to embed AI into workflows, decision support, automation, and user experiences as a core capability.
• Own the lifecycle from concept through launch and scale.
• Bridge functional, technical, and commercial requirements to ensure smooth transition from prototype to adopted product.
• Clarify priorities, remove blockers, and drive measurable progress toward customer outcomes.
• Maintain transparency and alignment across Engineering, Design, Product Marketing, Support, Sales, Go-to-Market, and Customer Success.
• Balance competing priorities while contributing to commercial performance and product P&L considerations.
• Define and communicate clear product differentiation and value proposition.
• Contribute to pricing and packaging strategy to maximize growth and market impact.
• Collaborate with Product Marketing and GTM teams to ensure successful launches and strong market positioning.
• Personally support customer and partner presentations to drive credibility and adoption.
• Own adoption as a core metric, ensuring delivered capabilities are intuitive, usable, and deliver real operational impact.

Requirements

• Six or more years of product management experience within SaaS, platform, or enterprise software environments.
• Hands-on experience in the Engineering and Construction domain with direct industry involvement.
• Proven ability to define and execute product strategy, vision, and measurable outcomes.
• Direct experience with customer discovery, prototyping, and validating solutions.
• Track record of launching and scaling products from concept to adoption, delivering measurable customer value.
• Strong communication, stakeholder management, and prioritization capabilities.
• Data-driven decision making using analytics, experimentation, and evidence to guide direction.
• A curiosity about AI and a willingness to apply AI solutions where appropriate.
• Experience with developer platforms, application frameworks, data services, or AI/ML-enabled enterprise applications.
• Experience with commercial responsibilities such as pricing, monetization, or P&L ownership.
• Experience working in global, distributed organizations and partnering across geographies.

Benefits

• Compensation includes a salary range of $190,000 to $215,000 plus bonus.
• Flexible paid time off, including sick and holiday.
• Full medical, dental, and vision insurance.
• 401(k) with company contribution.
• Flexible spending accounts.
• Life insurance and disability benefits.
• Tuition assistance.
• Opportunities for community involvement and volunteering.

Additional Information

We promote flexibility and hybrid work arrangements to support diverse needs and lifestyles, while maintaining an inclusive workplace. By fostering a sense of community, we drive innovation, strengthen connections, and nurture belonging, enabling you to work in a manner that suits you best while collaborating with colleagues to share ideas and build meaningful relationships.