Pricing Manager

SUMMARY:
Develops pricing strategies aligned with the financial, marketing and strategic objectives of the business (segment, branding, positioning, targeting, etc) for his/her perimeter.

POSITION INFO:

Pricing Manager

Area: Kempton Park

Package: Basic Salary R41000, plus Medical Aid, provident fund, Cell Phone Allowance, 13^th cheque, performance bonus.

Duties:

Pricing & Revenue Management

•             Develops pricing strategies aligned with the financial, marketing and strategic objectives of the business (segment, branding, positioning, targeting, etc) for his/her perimeter.

•             Revises pricing strategies as necessary to accommodate changing market conditions.

•             Foresees market changes and trends and anticipates how to adapt to them

•             Demonstrates understanding of how revenue management systems support various organizational value propositions.

•             Demonstrates understanding of how costing and pricing can support organizational objectives

Data Processing

•             Analyses and interprets information to identify significant trends or patterns in the Market

•             Identifies related industries & competitors’ product and services that have an impact on the business (segment, branding, positioning, targeting customers, etc.)

•             Demonstrates a thorough understanding of own organization’s industry

•             Liaise with business and customer service to ensure customer’s price list are up to date

Business Intelligence:

•             Demonstrates a solid understanding of tools, methods, strategies for Business intelligence performance analysis.

•             Uses a variety of metrics and methodologies to measure business performance against financial objectives.

•             Identifies business issues and opportunities by analysing financial and non-financial data at the transaction level in the organization.

•             Performs appropriate profitability analyses and makes recommendations to support short- and long-term decisions (e.g., break-even, relevant cost, contribution margin, linear programming, sensitivity and uncertainty analysis, etc).

Brand & Marketing strategy

•             Utilizes the Unique Selling Point of the product or service to differentiate it from the competition.

•             Uses simple tools such as Brand & Product positioning maps to visualize and interpret the organization’s position relative to competitors.

•             Sources information to aid marketing pricing strategy development.

•             Leverages the links between marketing pricing strategy and organizational metrics, e.g., revenue, gross margin, etc

Product and Services

•             Uses simple tools such as product position maps to visualize and interpret the organization’s position and brand relative to competitors.

•             Matches product/service to obvious customer needs and those of the competition.

•             Differentiates between product/service features and benefits.

•             Demonstrates thorough knowledge of marketing principles (e.g., segmentation, positioning, marketing mix, branding).

•             Demonstrates understanding of organization’s offerings and markets.

•             Sources information to aid marketing pricing strategy development.

•             Provides Value (product/service) arguments for the Sales Force

 Requirements and experience

• Strong background in pricing, with a minimum of 5 years’ experience, in multinational retail business environment, automotive experience valued
• Bachelor''s Degree required, or master’s degree in Marketing/ Finance, or quantitative field as the role requires a strong analytical profile.
• Strong comfort level with applications like Excel, PowerPoint, Power BI and with learning new systems as needed (ex: Micro strategy)
• Need an experienced Pricing Manager/Analyst with a full end to end understanding of Pricing cycle
• Must be analytical and able to collaborate with the different departments
• Ideal candidate to start 1 October 2021

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