Pricing Manager
Job Description :
Pricing Managers optimize pricing strategies to enhance profitability and competitive positioning. They conduct market analysis, develop pricing models, and implement pricing policies.
Pricing Managers develop pricing strategies that align with market dynamics and business objectives, driving revenue growth and profitability. Their expertise in pricing analysis and optimization supports competitive pricing and revenue maximization.
Pricing Managers play a vital role in setting product pricing, discounts, and promotions to attract customers while maintaining profitability. With their pricing strategies, businesses can capture market opportunities, achieve pricing differentiation, and optimize pricing structures that resonate with target customers. Their work supports revenue optimization, market positioning, and overall business success in a competitive pricing landscape.
Duties & Responsibilities:
- Developing and implementing pricing strategies that enhance profitability
- Working closely with other teams to closely track movements in costs
- Monitoring and reporting on pricing performance and competitiveness
- Analyzing price change requests from the sales team by evaluating margin impact, potential incremental volume, and competitor price levels
- Assist in creating promotional campaigns, and conducting pricing optimization and cost-benefit analysis
- Developing pricing proposals for new products and services
- Tracking market trends and keeping up to date on prices set by competitors
- Collaborating with product, sales, and finance teams on pricing decisions
- Staying updated with pricing best practices and market dynamics
Minimum Qualifications:
- You have a degree in Business Administration or Finance MBA , CA , CMA
- You have prior experience in a similar role including solid exposure to managing pricing processes, implementing pricing initiatives, and creating pricing process documentation
- You possess a strong understanding of pricing strategies and concepts
- You have excellent communication, negotiation, and stakeholder management skills
- You possess strong analytical skills, are comfortable dealing with numerical data, and have strong attention to detail