Pricing Manager
Retail & Distribution
Job Summary
Location : Nakuru Kenya
Total View :948
Job type : Full Time
This job has already expired
Industry
Retail & DistributionJob Description
Pricing Manager
Reports to: Chief Finance Officer
Pricing Manager shall be responsible for the implementation of strategic, tactical, and operational pricing initiatives.
Responsibilities
- Oversee the pricing needs of the Company by developing and implementing pricing strategies that enhance profitability
- Identify the best pricing schemes for the company's products offerings.
- Conducting market research on competitor pricing for similar items, reviewing previous sales data and company revenue needs and deciding a market price for a range of products based on findings.
- Study the target market and their spending behavior
- Coordinate with different departments to get the cost of sales and operational costs.
- Participate in pricing negotiations to ensure that the company gets the best deals
- Analyzing price change requests from the sales team and suppliers by evaluating margin impact, potential incremental volume, and competitor price levels
- Support creation of promotional campaigns
- Compare sales trends to previous periods and determine the cause for decrease or increase
- Maintain and update regularly pricing history database
- Perform financial evaluation to assess pricing actions effectiveness.
- Define pricing business procedures and ensure implementation and maintenance of an efficient pricing system that will respond timely to market conditions
- Partner with, purchasing and sales teams to ensure a profit maximizing approach to market.
Key Requirements
- Degree in Business Administration or a related field.
- Certified Public accountant
- At least 5 years prior experience in a similar role including solid exposure to managing pricing processes, implementing pricing initiatives, and creating a pricing process documentation.
- You possess a strong understanding of pricing strategies and concepts.
- Working knowledge of Excel and other office applications
Skills
- Analytical:Posses strong analytical skills, are comfortable dealing with numerical data, and have strong attention to detail
- Communication:Posses excellent communication, negotiation, and stakeholder management skills.
- Detail-oriented:The ability to pay close attention to detail while remaining accurate.
- Problem-solving:Have good problem-solving skills
- Team work - A desire and ability to work collaboratively with others to accomplish daily goals