Principal Product Manager at Marcus & Millichap

Seattle, Washington, United States

Marcus & Millichap Logo
$200,000 – $250,000Compensation
Senior (5 to 8 years), Expert & Leadership (9+ years)Experience Level
Full TimeJob Type
UnknownVisa
Real EstateIndustries

Requirements

  • Bachelor’s degree in business, management, or technology
  • 10-15 years of experience in product management, with a proven track record of leading successful product teams and delivering impactful products
  • Strong knowledge of Agile/Scrum development methodologies; experience in leading agile transformations is a plus
  • Demonstrated success implementing product-led growth strategies with measurable improvements to key metrics; ability to drive growth through innovative product strategies
  • Strong business acumen with proven ability to work effectively with cross-functional teams and manage multiple priorities
  • Exceptional leadership and stakeholder management capabilities, with a talent for uniting teams and reconciling varied business interests
  • Results-oriented and self-motivated, with a proven ability to lead through complexity and prioritize effectively in high-pressure environments
  • Familiarity with tools like Jira and Confluence; experience with other product management and collaboration tools is a plus
  • Technical background or experience working closely with software

Responsibilities

  • Define, prioritize, and maintain the product roadmap in alignment with business goals, user needs, and technical feasibility; ensure roadmap visibility and alignment across all stakeholders
  • Conduct internal research, interviews, and analysis to gather insights and translate them into clear product requirements (PRDs, user stories, wireframes)
  • Conduct external market research and analyze industry trends to inform product direction and identify opportunities
  • Lead agile ceremonies (stand-ups, backlog grooming, sprint planning, retrospectives), ensuring cross-functional teams are aligned and delivering value; promote agile best practices and continuous improvement
  • Collaborate closely with C-Suite leaders and senior management team, including business, technical, and customer-facing functions, to gather feedback and communicate product direction and outcomes; build strong relationships to drive stakeholder engagement and alignment
  • Use data to define KPIs, monitor performance, and identify opportunities for innovation, improvement, and optimization
  • Partner with sales, operations, and support teams to successfully launch new features and products; develop and execute comprehensive go-to-market plans to ensure adoption and impact
  • Champion the voice of the user throughout the development lifecycle to ensure the delivery of high-quality experiences
  • Drive continual improvement within the Product Management department; implement best practices, optimize processes, and foster a culture of excellence

Skills

Key technologies and capabilities for this role

Product RoadmapPRDsUser StoriesWireframesAgileSprint PlanningBacklog GroomingStand-upsRetrospectivesMarket ResearchStakeholder Management

Questions & Answers

Common questions about this position

What is the salary range for this Principal Product Manager role?

The anticipated salary range for candidates working in Seattle, WA is $200,000 - $250,000 annually plus bonus. The final salary depends on factors like experience, education, and industry background.

Is this Principal Product Manager position remote or office-based?

This information is not specified in the job description.

What skills and experience are required for this role?

Candidates need a Bachelor’s degree in business, management, or technology, plus 10-15 years of product management experience with a proven track record of leading teams and delivering products. Strong knowledge of Agile/Scrum is also required.

What does the team structure look like for this position?

This is a newly created leadership role on the Information Technology team, involving cross-functional collaboration with engineering, design, marketing, C-Suite leaders, senior management, sales, operations, and support teams.

What makes a strong candidate for this Principal Product Manager position?

A strong candidate has 10-15 years of product management experience leading successful teams, a Bachelor’s degree in a relevant field, and strong Agile/Scrum knowledge, with the ability to own product roadmaps and drive cross-functional alignment.

Marcus & Millichap

Commercial real estate brokerage and advisory services

About Marcus & Millichap

Marcus & Millichap specializes in commercial real estate investment sales, financing, research, and advisory services across the United States and Canada. The firm operates with a team of 2,000 professionals in 80 offices, serving clients such as real estate investors, property owners, and developers. They assist clients in buying, selling, and financing various types of commercial properties, including multifamily housing, retail, office, industrial, and hospitality. The company earns revenue primarily through commissions on property sales and financing arrangements, as well as fees for their research and advisory services. What sets Marcus & Millichap apart from competitors is their focus on specialization, commitment to client results, and the integration of research and technology to enhance their services. Their goal is to provide tailored solutions that lead to successful outcomes for their clients in the commercial real estate market.

Calabasas, CaliforniaHeadquarters
1971Year Founded
$28.1MTotal Funding
IPOCompany Stage
Consulting, Real EstateIndustries
1,001-5,000Employees

Benefits

Medical
Dental
Vision
Flexible Spending Plans (Medical, Dependent Care, Commuter)
401(k) Plan with Company Match
Company Sponsored Long-Term Disability Coverage
Additional Voluntary Long-Term Disability Coverage
Company Sponsored Group Life/AD&D
Additional Voluntary Life/AD&D
Employee Assistance Program (EAP)
Paid Time Off (paid vacation time, paid sick time, and paid Company holidays)
Educational Assistance
Employee Referral Program
Fitness Membership Discount Program
Credit Union Membership

Risks

Rising interest rates may reduce the volume of commercial real estate deals.
Remote work trend could decrease demand for office spaces.
E-commerce growth challenges demand for traditional retail properties.

Differentiation

Largest firm specializing in real estate investment sales and financing in North America.
Operates over 80 offices with 2,000 professionals in the U.S. and Canada.
Focuses on specialized services tailored to commercial real estate clients' needs.

Upsides

Increased demand for grocery-anchored retail centers boosts transaction opportunities.
Growing interest in high-quality medical properties enhances market appeal.
Significant investment opportunities in North Jersey's multifamily sector.

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