We have an outstanding career opportunity for aPricing Managerto join a leading Company located in theFlorham Park, NJsurrounding area.
Reporting to the VP of Product Management, the primary focus of this role is to develop and implement analytical pricing tools that will provide us with a competitive advantage. This person will be responsible for comprehensive analyses to deliver actionable insights on market price data, define the most impactful margin protection and cost-out initiatives, and increase profit through strategic price adjustments. To lead the regional pricing strategy, this role must collaborate with cross-functional teams across North America, including Sales, Product Management, Operations, and Finance.
Develop and maintain a sustainable process from square one to analyze market data and compare it to current business (Excel Power query)
Monitor and track the market prices for North America
Act as the lead contact with external vendors on data scrapping projects
Determine appropriate pricing opportunities to increase revenue
Analyze competitor pricing and market trends to increase our market share and profitability
Apply statistical modeling methods to determine the potential impact of pricing strategies on profitability (price vs volume at a product level)
Collaborate with sales and marketing departments to develop and implement competitive pricing strategies
Create dynamic pricing tools to effectively respond to changing market needs and trends
Prepare and present pricing analysis findings to executives, marketing teams, and sales staff
Apply market price project findings to daily business and customer price files
Manage Global Account Customers' regional pricing and update SAP with local values
Support intercompany pricing with entities to determine gaps and opportunities
Create and manage SAP uploads related to list prices and key customers
Integrate market price knowledge into project quoting and end-to-end margin review
Basic Hiring Criteria :
Bachelor's degree in mathematics, statistics, finance, economics, or a related field
Minimum five years of experience as a pricing analyst in a similar industry
5-10% of domestic travel
A valid driver's license is expected to be maintained
Desired Qualifications :
Master's degree in business administration
To perform this job successfully, an individual should have a strong Business Intelligence background and Excel Power Query
Understanding visualization tools such as Tableau is an advantage but high proficiency with Excel, Word, and PowerPoint is a must
This individual must possess in-depth knowledge of statistical methods and data analysis
Excel Power Query (required)
Computer and Analytical skills (required)
SQL programming (ideal)
SAP knowledge (benefit)
Tableau (benefit)
Alteryx (benefit)
Ability to present pricing analysis reports to relevant stakeholders and the leadership team
Experience in analyzing pricing strategies and forecasting revenue and market share
Experience in collaborating on pricing strategies with sales and marketing departments
Extremely data-driven with strong attention to detail; ability to manipulate and translate data
Understands the business implications of decisions
Adapts to changes in the work environment; manages competing demands
Identifies and resolves problems promptly; gathers and analyzes information skillfully
Demonstrates group presentation skills at the highest level; writes clearly and informatively
Inspires and motivates others to perform well; effectively influences actions and opinions of others
Displays willingness to make decisions; exhibits sound judgment
VEVRAA Federal Contractor / Request Priority Protected Veteran Referrals / Equal Opportunity Employer / Veterans / Disabled
The Company will consider qualified applicants with arrest and conviction records.
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