Pricing Manager

Our client in Morris County, NJ is seeking a highly skilled and analytical Pricing Manager. The ideal candidate will have a strong background in pricing analysis, data-driven decision-making, and strategic planning. This role involves analyzing market data, developing pricing strategies, and collaborating with various departments to optimize pricing and increase profitability.

Key Responsibilities:

• Develop and implement pricing tools to provide the organization with a competitive advantage.
• Conduct comprehensive analyses to deliver actionable insights on market price data.
• Define and implement impactful margin protection and cost-out initiatives.
• Increase profit through strategic price adjustments.
• Establish and maintain a sustainable process for analyzing market data and comparing it to current business practices using Excel Power Query.
• Monitor and track market prices; act as the lead contact with external vendors on data scraping projects.
• Identify appropriate pricing opportunities to increase revenue.
• Analyze competitor pricing and market trends to enhance the firm's market share and profitability.
• Apply statistical modeling methods to assess the potential impact of pricing strategies on profitability at a product level.
• Collaborate with sales and marketing departments to develop and implement competitive pricing strategies.
• Create dynamic pricing tools to respond effectively to changing market needs and trends.
• Prepare and present pricing analysis findings to executives, marketing teams, and sales staff.
• 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 identify 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 by gathering and analyzing information.
• Collaborate with cross-functional teams across North America, including Sales, Product Management, Operations, and Finance.

Qualifications:

• Bachelor's degree in Mathematics, Statistics, Finance, Economics, or a related field.
• 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, forecasting revenue, and market share.
• Experience collaborating on pricing strategies with sales and marketing departments.
• Strong analytical and Business Intelligence background; proficient in Excel Power Query.
• Expertise in visualization tools such as Tableau, Alteryx, and SQL programming is a plus.
• In-depth knowledge of statistical methods and data analysis.
• Extremely data-driven with strong attention to detail; ability to manipulate and translate data.
• Understanding of the business implications of decisions.
• Highly proficient with MS Office (Excel, Word, and PowerPoint).

Preferred Skills:

• Excellent communication and presentation skills.
• Strong problem-solving abilities and critical thinking skills.
• Ability to manage multiple projects and priorities simultaneously.
• Strong organizational and time management skills.