MBA Summer Associate, Ecommerce Product Management - Automotive Portfolio Company
Job Overview
New Forest Capital is seeking an MBA Summer Associate for an ecommerce portfolio company in the automotive sector. Reporting to the Managing Director, B2B & Marketplaces, the Summer Associate will be tasked with launching a new product category across our ecommerce marketplace channels, from idea generation through execution. We offer a competitive compensation package and a supportive, entrepreneurial work environment. This internship will provide valuable hands-on experience in the private equity sector and an opportunity to make a significant impact on a new product launch within the automotive ecommerce industry.
About New Forest Capital
New Forest Capital is a private investment company founded in 2014 to make investments in large fragmented industries that lag in technological innovation. We apply best practices and rigorous standards from the investment world to our portfolio companies to improve performance and are committed to challenging the status quo in search of extraordinary growth opportunities. Unlike most investment companies, we put more weight on attitude over pedigree, and look to give opportunities to professionals regardless of their college, socioeconomic background, or previous finance work experience.
Key Responsibilities
- Complete ownership of the entire process of launching a new product category in the automotive ecommerce space from idea generation to successful execution of transactions.
- Develop and execute tests and summarize key learnings
- Collaborate with the executive team to define product vision, goals, and roadmap for the new offering in the automotive ecommerce space. Conduct market research, competitor analysis, and customer insights to inform product strategy and ensure a competitive edge.
- Conduct comprehensive market analysis to identify trends, customer needs, and opportunities in the automotive ecommerce sector. Develop a deep understanding of the target market and use data-driven insights to drive decision-making.
- Strong storytelling and communication skills. Must be able to write detailed process and/or requirement documents for internal and external parties.
- Lead the development of business plans and financial models to assess the viability and potential profitability of the new product. Analyze key performance indicators (KPIs) and track product performance against established goals.
- Effectively manage project timelines, resources, and deliverables to ensure the successful execution of the product launch. Coordinate with internal and external stakeholders to align priorities and ensure smooth project flow.
- Work closely with cross-functional teams, including executives, engineers, marketers, and operations, to facilitate effective collaboration and communication. Present findings, progress updates, and recommendations to senior management and stakeholders.
Key Requirements
- Currently enrolled in an MBA program from a reputable institution.
- Prior experience as a product manager or in a related role within the technology or ecommerce industry preferred but not required. Strong understanding of product development lifecycle and proven experience in successfully launching products.
- Experience managing third party platforms (Amazon, Walmart, Ebay) a plus.
- Proficient in conducting market research, analyzing data, and making data-driven decisions. Ability to leverage various analytical tools and methodologies to derive insights and inform product strategy.
- Familiarity with the automotive industry and understanding of automotive ecommerce trends, technologies, and customer behavior is preferred.
- Excellent written and verbal communication skills. Ability to effectively collaborate and influence stakeholders at various levels of the organization.
- Demonstrated ability to think strategically and translate ideas into actionable plans. Strong problem-solving skills and the ability to identify and address potential challenges
- Adaptable and Comfortable working in a fast-paced and dynamic environment. Flexibility to adapt to changing priorities and handle multiple projects simultaneously.
Compensation
- Base salary
- We have a preference for candidates who can work from our Hermosa Beach, Los Angeles office for the summer, though are willing to consider fully remote for exceptional candidates