Position Overview:
The Pricing Manager is responsible for developing and implementing pricing strategies to maximize profitability and market share. This role involves analyzing market trends, monitoring competitor pricing, and working closely with sales, marketing, and finance teams to ensure pricing consistency and competitiveness. The ideal candidate has strong analytical skills, business acumen, and experience in pricing management.
Requirements:
To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. The competencies listed below are representative of the knowledge, skills, and/or abilities required. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
The candidate must possess strong interpersonal skills and have effective oral and written communication skills.
Competencies:
Strong business, creative, and technical writing skills
Proficiency in MS office skills including Word, Excel, and PowerPoint
Excellent oral and written communication
Effective interpersonal, organizational, planning, and problem-solving skills
Attention to detail and accuracy, and ability to multitask
Ability to read and interpret procedures and product manuals required
Required Education and/or Experience:
· Bachelor’s Degree and two years of experience or equivalent education and related experience
· Proficient in Microsoft Office Suite
Work Environment:
Position is in an indoor office and warehouse setting with moderate noise levels, including voices, office equipment, and foot traffic sounds. The employee may interact with customers, sales representatives, and other internal departments.
Physical Demands:
The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this position. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
While performing the duties of this job the employee is regularly required to:
· Sit at desk for extended periods of time
· Use arms, hands, and fingers to handle, feel, and reach for items
· Listen to and talk with fellow staff and internal and external customers
· Occasionally crouch and crawl
· Be able to lift 20 pounds
Travel:
Some travel, including occasional overnight stays, may be required for training sessions, conferences, or work-related events.
Job Summary:
· Collaborates with the pricing services team, sales, product managers, and management to determine competitive pricing strategies.
· Analyzes data from multiple sources to determine gross profit margins.
· Maintains data relative to price list administration, including customer price libraries, customer job contracts, and purchase price pages.
· Calculates and submits requests for rebates to suppliers and reconciles rebate credits when received.
· Maintenance of item master data, including new part number setup and modifications to existing parts.
ESSENTIAL DUTIES AND RESPONSIBILITIES include the following. Other duties may be assigned:
· Administers all customer and purchasing price list activities.
· Monitors expiration dates on special pricing agreements and customer pricing libraries.
· Coordinates special cost activities with Sales, Customer Service, and Purchasing.
· Generates, reviews, analyzes, and submits supplier rebates.
· Reconciles supplier credits to rebate submission.
· Analyzes and resolves discrepancies with suppliers.
· Creates new and maintains existing data, including list & cost on item masters.
· Assists sales representatives and internal employees on reporting needs for sales and pricing activities.
· Develops, implements, and monitors pricing strategies in line with business objectives.
· Analyzes market trends, competitor pricing, and sales data to make data-driven pricing decisions.
· Collaborates with cross-functional teams (sales, marketing, finance, and product management) to ensure alignment on pricing strategies.
· Builds pricing models and scenarios to forecast revenue and profitability impacts.
· Provides pricing guidance and support to sales teams for negotiations and customer quotes.
· Reviews and optimizes existing pricing processes, recommending improvements for efficiency and scalability.
· Conducts regular price reviews and adjusts pricing in response to market changes or internal performance analysis.
· Prepares and presents reports to senior management on pricing performance and strategy outcomes.
· Ensures compliance with company policies and relevant regulations regarding pricing.