Category Manager
Vedantu
Job Information
- Job Sub Type Non Teachers
- Number of Positions 1
- Industry Education
- Date Opened 08/29/2024
- Job Type Full time
- Work Experience 5+ years
- City Bangalore
- State/Province Karnataka
- Country India
- Zip/Postal Code 560102
Job Description
As the Category Manager, your primary responsibility will be to lead the strategic scaling of a business vertical, positioning it as the undisputed leader in its category while ensuring profitable growth and delivery of VOW (Vedantu Out of the World) Experience which translates into a NPS of atleast 50+. Here's an expanded breakdown of your key responsibilities:
P&L and Financial Prudence:
Take ownership of the business unit's P&L, monitoring financial performance and identifying opportunities for improvement
Implement strategies to optimize topline, manage costs, and ensure financial sustainability and prudence.
Distribution and GTM - Student acquisition:
Develop and implement strategies to expand distribution channels, including identifying new channels and optimizing existing ones.
Extracting more leads from Organic Channels such as YT, SEO, Direct and other channels and building Paid Channels
Collaborate with cross-functional teams to ensure seamless integration and scalability of distribution efforts
Sales Experience - Student Acquisition:
Drive overall inside sales to drive customer acquisition and revenue growth
Lead Sales ROI Metrics such as Collections / CAC and ensure we get profitable revenue
Implement data-driven strategies to optimize sales performance and maximize ROI on marketing efforts
Growth Initiatives and Operations Excellence:
Drive growth projects and operational efficiency and excellence across all business functions to streamline processes, improve efficiency metrics
Implement best practices and leverage technology to enhance productivity, efficiency and effectiveness
Pricing of Products
Maintain average selling price for products and ensure Contribution / Margin guardrails are in line with Plan
Product-Market Fit (PMF):
Innovate and iterate on the existing business model or develop new ones to achieve product-market fit.
Conduct market research and gather customer feedback through listening tools to refine product offerings, pricing and ensure alignment with market needs
Strategy and Consumer Insights:
Conduct comprehensive market analysis, both outside-in and inside-out, to identify opportunities and competitive advantages.
Utilize insights to develop strategies that capitalize on market trends and position the business for success.
Service Delivery Experience:
Focus on enhancing the overall delivery experience, measured through Net Promoter Score (NPS) and outcomes achieved.
Collaborate with internal teams to continuously improve service quality and customer satisfaction.
Stakeholder Management:
Build and maintain strong relationships with key stakeholders, including customers, partners, and internal teams.
Requirements
IDEAL EXPERIENCE
Must Haves:
Demonstrated success in sales or revenue roles, with a proven track record of achieving targets and managing P&L at a minimum scale of 50Cr.
Comprehensive understanding of financial metrics including P&L, EBITDA, and cash flow.
Strong operational background, including managing distribution channels and overseeing digital marketing and sales efforts. Experience in managing the P&L of online categories or channels is mandatory with a strong background in sales, in either online or offline channels.
Proven ability to conceptualize new products based on product-market fit and consumer insights
Exposure to digital, performance, and have demonstrated acquisition channels mastery, with a solid understanding of go-to-market strategies.
Experience in online distribution channels is preferred.
Growth mindset, with a focus on continuous improvement and learning.
Ability to conduct consumer insights and translate findings into actionable strategies.
Strong aptitude and analytical skills, with the ability to interpret data effectively.
Hold a B.Tech/MBA from top-tier colleges, and a seasoned Business leader with 8 plus years of post-qualification experience in the EdTech Sector.
Good to Haves:
While startup experience could be a plus, the candidate should have the experience of working in a dynamic, fast-paced environment.
Familiarity with top-of-the-funnel go-to-market strategies, including YouTube, SEO, social media, B2B partnerships, and event-led initiatives.
While not mandatory, experience in service delivery companies would be advantageous. Exposure to projects or companies focused on achieving high Net Promoter Scores (NPS) would be highly beneficial.
While not mandatory, experience in service delivery companies would be advantageous.