Job Summary

• The Commercial Pricing Manager plays a pivotal role in driving profitability and revenue growth for the company by developing and implementing effective pricing strategies.
• They are responsible for analyzing market dynamics, assessing competitor pricing strategies, and optimizing pricing models to maximize profitability while maintaining competitiveness.
• The role requires a strong analytical mindset, strategic thinking, and excellent communication skills to collaborate across departments and drive alignment with overall business objectives.

Responsibilities

• Market Analysis: Conduct thorough market research to understand customer demand, industry trends, and competitor pricing strategies.
• Price Setting: Develop pricing strategies across all products that align with business goals and objectives, considering factors such as costs and desired profit margins.
• Price Optimization: Continuously monitor pricing data and performance metrics to identify opportunities for price optimization and revenue maximization.
• Competitive Analysis: Analyze competitor pricing strategies and adjust pricing tactics accordingly to maintain competitiveness in the market.
• Revenue Management: Collaborate with sales, product and Research and Development teams to develop pricing tactics that drive sales volume and revenue growth.
• Performance Monitoring: Track key performance indicators (KPIs) such as sales volume, revenue, profit margins, and market share to assess the effectiveness of pricing strategies.
• Cross-functional Collaboration: Work closely with cross-functional teams to ensure alignment of pricing strategies with overall business objectives and market dynamics.
• Strategy Development: Develop and implement pricing strategies for new product launches, promotional campaigns, and market expansions.
• Process Improvement: Identify opportunities to streamline pricing processes and systems to enhance efficiency and accuracy

Requirements

• Bachelor’s Degree in Business Administration, Finance, Economics, Marketing, or a related field. A Master’s degree or MBA may be preferred for some positions.
• 3-5 years of experience in pricing analysis, revenue management, or related roles, preferably in the financial service industry.
• Professional certifications such as Certified Pricing Professional (CPP) or Certified Pricing Strategy Analyst (CPSA) may be advantageous.
• Experience with pricing strategy development, implementation, and optimization.
• Demonstrated track record of success in driving revenue growth and profitability through effective pricing strategies.
• Experience in cross-functional collaboration with sales, marketing, finance, and product management teams.
• Familiarity with regulatory and compliance requirements related to pricing and contracts.
• Proficiency in statistical analysis, financial modeling, and forecasting techniques to assess pricing strategies and their impact on profitability.

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