Jobs Companies Third Wave Systems Director of Product

About this Director of Product role at Third Wave Systems

Third Wave Systems · Onsite · Eden Prairie, Minnesota, United States

The Director of Product shapes and executes the product strategy for Third Wave Systems' portfolio of advanced desktop manufacturing modeling software applications. This role bridges business, technology, software development, and user experience to ensure products align with company goals, customer needs, and technical feasibility.

As a member of the leadership team, this person partners across the organization to define product vision, mature product development practices, and deliver measurable outcomes across the product portfolio.

Third Wave Systems' core values — See the Big Picture, Take Action, Collaborate, and Make an Impact — shape how this role leads, decides, and works across the organization.

This role reports to the Chief Operating Officer.

Requirements

Strategic Leadership

  • Define and communicate the product vision, strategy, and roadmap, ensuring alignment with company priorities and customer needs.
  • Collaborate with the head of software development and technology to keep product and development teams working cohesively — balancing innovation, feasibility, and quality.
  • Contribute actively to organizational strategy, prioritization, and cross-functional planning as a member of the leadership team.
  • Establish frameworks to evaluate new product opportunities and maintain a disciplined approach to innovation and delivery.
  • Maintain a deep understanding of customer workflows, industry trends, competitive offerings, and emerging market opportunities. Commercial Impact
  • Inform pricing, packaging, and go-to-market decisions, connecting product priorities to revenue growth and retention.
  • Bring market, competitive, and current win/loss insight into commercial decisions so positioning and pricing reflect what customers actually value.
  • Equip Sales and Customer Success with the product narrative, positioning, and launch readiness they need to sell and retain effectively.
  • Evaluate portfolio investment against commercial return, making the case for where to invest, sustain, or wind down.

Product Development Oversight

  • Lead the end-to-end product lifecycle — from discovery and definition through release and continuous improvement.
  • Establish repeatable processes and metrics that connect customer insight, market data, and business goals to portfolio prioritization and investment decisions.
  • Build consistent standards for product documentation, backlog management, and release planning.

Cross-Functional Collaboration

  • Gather and synthesize input from Sales, Customer Success, Business Development, and Services into a shared view of customer needs that informs product strategy and the roadmap.
  • Partner with Development and Technology to maintain strong alignment between product strategy and engineering capacity.
  • Translate strategic goals into clear, actionable product plans and measurable outcomes.
  • Foster open communication between business and technical teams to build transparency and shared accountability.

Team Leadership & Mentorship

  • Lead and mentor a cross-disciplinary team (roughly 6 people) of product managers, project managers, UX designers, and learning developers — strengthening product thinking, decision-making, and leadership skills.
  • Own the structure of the product organization — the right people in the right seats — assessing fit against role expectations and core values.
  • Help the team see the big picture — connecting individual work to product strategy, company priorities, and the customer outcomes it serves.

Governance & Documentation

  • Develop and steward product governance practices covering decision rights, escalation, and release accountability, in alignment with the leadership team.
  • Document key product management processes, workflows, and decision frameworks to ensure continuity and institutional knowledge.
  • Champion a data-informed, outcome-driven approach to product decisions.

Knowledge, Skills & Abilities

  • 10+ years of experience in product management, including at least 3 years leading a product team.
  • Comfort operating across altitudes in a small-company environment — setting strategy one hour and working a backlog the next, without needing heavy process or a large support structure.
  • Demonstrated ability to operate across executive, technical, and customer audiences — translating between strategic intent and ground-level execution.
  • Proven track record of leading through influence, building cross-functional alignment, and delivering measurable results in a B2B or technical software environment.
  • Experience contributing to pricing, packaging, or go-to-market decisions in a B2B or technical software environment.
  • Deep familiarity with Agile and Lean product development methodologies, with the ability to adapt frameworks to fit the organization's needs.
  • Experience working alongside software development and UX teams in a product organization where technical feasibility shapes strategy.
  • Background in advanced manufacturing, simulation, or industrial software is strongly preferred.

Leadership Attributes

  • Strategic & Systemic Thinker: Connects long-term goals to daily execution without losing sight of either.
  • Exceptional Communicator: Meets every audience at the right altitude — executives, engineers, customers — and brings people along through clarity rather than authority.
  • Collaborative Partner: Builds trust and alignment across functions by bringing people into decisions early and following through on commitments.
  • Mentor & Builder: Invests in people and process maturity with a genuine commitment to team development.
  • Commercially Minded: Understands how product decisions translate into revenue, retention, and company growth.
  • Empathetic Leader: Balances business needs with human-centered leadership, earning credibility at every level of the organization.

This description may be changed, corrected, or modified at any time and without notice.

Benefits

The salary range is $170,000-$210,000, plus an annual bonus of (10-20%) based on company's performance.

Third Wave Systems offers a comprehensive employee benefits program for full-time employees.

  • Health Insurance
  • Dental Insurance
  • HSA
  • 401 (k) + Employer Match
  • Paid time off
  • Holiday pay
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About Third Wave Systems

Third Wave Systems develops and sells premier materials-based modeling software and services for machining solutions. Innovative manufacturing companies implement these solutions to dramatically reduce costs of machined components, accelerate design cycles, improve part quality and get to market faster. TWS has two products. The first is a finite element analysis software, AdvantEdge, which is a premier Finite Element Analysis (FEA) product used to understand the metal cutting process. AdvantEdge features a full suite for analysis including chip formation, temperature and stresses and forces on the tool and workpiece. The software has a validation process and material models built into the program specifically for metal cutting, which allows for confident decision making without physical testing. The second product, Production Module, a NC toolpath optimization and engineering analysis software that integrates physics-based material models, CAD/CAM data, tooling and workpiece geometries to analyze and optimize machining processes. This machining solution allows users to: balance tool loads; analyze each toolpath line, calculate forces, spindle power, temperature and more; compare calculated outputs to optimization limits and raise/lower feed rates to attain optimal machining performance. Aside from our software products, Third Wave Systems offers a variety of engineering services for its customers to ensure users reach their full machining potential.

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