LHH

Pricing Manager

LHH Morris County, NJ

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Robert Park

Robert Park

Senior Recruitment Executive at LHH (formerly Ajilon)

RESPONSIBILTIES:

  • Develop and implement pricing tools that will provide organization with a competitive advantage
  • Responsible for comprehensive analyses to deliver actionable insights on market price data, define the most impactful margin protection and cost-out initiatives, and increase profit through strategic price adjustments
  • Grow and maintain a sustainable process from square one to analyze market data and compare it to current business (Excel Power query).
  • Monitor and track the market price and act as the lead contact with external vendors on data scrapping projects.
  • Determine appropriate pricing opportunities to increase revenue.
  • Analyze competitor pricing and market trends to increase firm’s market share and profitability.
  • Apply statistical modeling methods to determine the potential impact of pricing strategies on profitability (price vs volume at a product level).
  • Collaborate with sales and marketing departments to develop and implement competitive pricing strategies.
  • Create dynamic pricing tools to effectively respond to changing market needs and trends.
  • Prepare and present pricing analysis findings to executives, marketing teams, and sales staff and apply market price project findings to daily business and customer price files.
  • Manage Global Account Customers' regional pricing and update SAP with local values.
  • Support intercompany pricing with entities to determine gaps and opportunities.
  • Create and manage SAP uploads related to list prices and key customers.
  • Integrate market price knowledge into project quoting and end-to-end margin review.
  • Manage competing demands and identify and resolve problems promptly; gathering and analyzing information.
  • Report to VP Product Management
  • Collaborate with cross-functional teams across North America, including Sales, Product Management, Operations, and Finance.


REQUIREMENTS:

  • A bachelor's degree in mathematics, statistics, finance, economics, or in a related field
  • A minimum of five years' experience as a pricing analyst in a similar industry
  • Ability to present pricing analysis reports to relevant stakeholders and leadership team
  • Experience in analyzing pricing strategies and forecasting revenue and market share and collaborating on pricing strategies with sales and marketing departments
  • Must possess a strong analytical and Business Intelligence background and utilize Excel Power Query
  • Expertise in visualization tool such as Tableau, Alteryx and SQL programming is a plus
  • Must have in-depth knowledge of statistical methods and data analysis
  • Extremely data-driven with strong attention to detail; ability to manipulate and translate data
  • Understanding business implications of decisions
  • Highly proficient with MS Office (Excel, Word and PowerPoint)

  • Seniority level

    Mid-Senior level
  • Employment type

    Full-time
  • Job function

    Research, Strategy/Planning, and Analyst
  • Industries

    Industrial Machinery Manufacturing, Spring and Wire Product Manufacturing, and Manufacturing

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