Operational Pricing Manager
- Implement pricing strategies and models for various product lines, considering market dynamics, competitive landscape and cost structure
- Utilize SAP to update and maintain price information, manage and maintain pricing databases, ensuring data accuracy and integrity
- Develop and maintain pricing documentation, including pricing policies and procedures
- Ensure compliance with pricing regulations and company policies
- Support the development of pricing tools and automation initiatives
- Collaborate with IT to implement and maintain pricing systems
- Participate in cross-functional projects related to pricing and revenue management
- Verify analysis to achieve targeted price change
- Fill out individual customer templates for price changes
- Direct manage team on loading of base and/or customer specific pricing and effective dates
- Manage mechanics of pricing holds vs current price for major accounts being held past effective date
- Provide quotes and suggested prices for bulk buys, government bids and Co-Man special accounts
- Review and reset existing customer specific quotes and /or discounts
- Maintain customer acquisition files by product line: pricing and rebates
- Provide regular reports on pricing performance, trends, and potential areas for improvement
- Work closely with product management, sales, and finance teams to align pricing strategies with product launches, promotional campaigns, and inventory management
- Continuously seek opportunities to enhance pricing tools, processes, and systems to improve efficiency, accuracy, and profitability
- Manage, motivate and develop a team of 4 direct reports
- Bachelor’s degree in Finance, Economics, Business Administration, or a related field
- 5+ years experience in pricing, finance or a related field, with a focus on operational pricing execution
- Strong analytical and problem-solving skills, with the ability to analyze large datasets and draw meaningful discussions
- Strong knowledge of SAP, including pricing modules and functionalities
- Proficiency in Excel and other data analysis tools. Experience with pricing management software is a plus
- Excellent communication and interpersonal skills, with the ability to collaborate effectively with cross-functional teams
- Strong attention to detail and accuracy
- Ability to work independently and manage multiple projects simultaneously
- Ability to work effectively in a team-oriented environment
- Commitment to ongoing professional development and staying current with the latest pricing best practices and industry trends
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