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NDS - A member of NORMA Group
Bellingham, WA | Full Time
$110k-138k (estimate)
2 Months Ago
Pricing Manager
$110k-138k (estimate)
Full Time 2 Months Ago
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NDS - A member of NORMA Group is Hiring a Remote Pricing Manager

As a highly visible and strategic leader, the Pricing Manager is responsible for driving company-wide pricing strategies across all product lines. The Pricing Manager plays a critical role incorporating diverse data points and stakeholder perspectives, including sales and inventory targets, customer needs, competitor and market analysis, target markets and segments, product roadmaps, and margin goals to develop pricing that enhances profitability and protects market share. This role also requires collaboration with the Sales, Product Management, IT, Manufacturing, Legal, Customer Service, and Finance departments to ensure alignment with broad business goals.

Key Responsibilities

  • Lead pricing strategy development, focusing on improving long-term profitability, market share, market development, and customer price perception.
  • Develop regression and other statistical techniques to determine optimal promotional strategy and annual pricing increase strategy. Collaborate with Product Managers to set annual and longer-term pricing strategies.
  • Develop decision making criteria to recommend and approve all price changes, supported by analysis of long-term financial, customer, volume, and market impact.
  • Establish and update list prices, every-day invoice prices, contract pricing, promotional pricing, and various pricing and discount exceptions. Present pricing analysis at customer strategy meetings, with insights, trends, and suggestions.
  • Develop and implement customer rebate strategy and oversee payment processing.
  • Develop contribution profitability or other models to evaluate changes to product cost inputs and variable cost drivers, including trade terms, freight and logistics, and product mix.
  • Drive the implementation of pricing updates and policy changes, including external and internal communication in compliance with legal requirements.
  • Develop and maintain pricing guidelines and procedures, including internal record keeping and auditing, legal documentation, MAP, and Authorized Reseller Agreements.
  • Prepare regular pricing insights and reporting for senior leadership. Track market trends and keep up to date on prices set by competitors.

Position Requirements

  • Bachelor's degree in business, finance, economics, or a related field.
  • Minimum of 7 years of experience in roles related to pricing management, including managing pricing processes, analytics, and strategy, implementing pricing initiatives, and creating pricing process documentation.
  • Thorough understanding of cost accounting principles and procedures.
  • Proficiency in data analysis, including the ability to transform large data sets into structured insights using statistical analysis techniques.
  • Advanced skills in Microsoft Office, especially Excel, familiarity with accounting software.
  • Experience in creating and scaling analytics with Tableau and PowerBI; knowledge of relational databases and SQL is beneficial. Familiarity with ERP systems, like SYSPRO and D365, a plus.

Leadership Abilities:

  • Strong communication skills, capable of engaging effectively with all levels of the organization.
  • Demonstrated leadership skills, with an emphasis on organizational and decision-making capabilities.
  • High level of initiative and curiosity, with the potential to adapt and grow as the team evolves.
  • Proven ability to work collaboratively across various functional teams and organizational levels to achieve results.

Work Conditions

  • Travel relating to company business may be required.
  • Remotely based in the United States.

Job Summary

JOB TYPE

Full Time

SALARY

$110k-138k (estimate)

POST DATE

03/25/2024

EXPIRATION DATE

05/13/2024

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The job skills required for Pricing Manager include Pricing, Initiative, Leadership, Analysis, Microsoft Office, Customer Service, etc. Having related job skills and expertise will give you an advantage when applying to be a Pricing Manager. That makes you unique and can impact how much salary you can get paid. Below are job openings related to skills required by Pricing Manager. Select any job title you are interested in and start to search job requirements.

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If you are interested in becoming a Pricing Manager, you need to understand the job requirements and the detailed related responsibilities. Of course, a good educational background and an applicable major will also help in job hunting. Below are some tips on how to become a Pricing Manager for your reference.

Step 1: Understand the job description and responsibilities of an Accountant.

Quotes from people on Pricing Manager job description and responsibilities

Pricing Managers are responsible for ensuing cost accuracy, presenting cost revisions, updating the pricing history database, evaluating pricing actions efficiency, and responding fast to market conditions.

03/02/2022: Hopkinsville, KY

Pricing Managers highlight qualifications like accounting expertise, sales orientation, marketing experience, leadership, time management and computer competencies.

05/09/2022: Fairbanks, AK

Pricing Managers complete several tasks to come up with effective pricing strategies and market evaluations.

04/26/2022: Charlotte, NC

Pricing Managers help companies determine what to charge for their products or services by considering production and other costs to determine the price point to make a profit.

02/21/2022: Worcester, MA

Pricing managers and analysts join new teams with hopes of achieving great results and building their careers.

02/13/2022: Newport News, VA

Step 2: Knowing the best tips for becoming an Accountant can help you explore the needs of the position and prepare for the job-related knowledge well ahead of time.

Career tips from people on Pricing Manager jobs

Centralized price decision-making authority on pricing manager job descriptions.

02/21/2022: Benton Harbor, MI

Customer-focused pricing & partnership.

03/13/2022: San Bernardino, CA

Excessive discounts and daily promotions.

03/20/2022: Danbury, CT

New business & revenue opportunities.

04/19/2022: Wichita Falls, TX

More systematic and number crunching.

03/13/2022: Killeen, TX

Step 3: View the best colleges and universities for Pricing Manager.

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