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Pricing Manager
DecoPac Anoka, MN
$79k-100k (estimate)
Full Time | Retail 3 Months Ago
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DecoPac is Hiring a Pricing Manager Near Anoka, MN

Summary:

The Pricing Manager is an individual contributor role that will be responsible for establishing and managing pricing strategies and enabling analytics to maximize price realization for DecoPac products and services that create long-term value for the organization. This position will leverage marketplace knowledge and analytic skills to assess product performance trends in order to identify opportunities to improve product price mix and marketing strategies and make recommendations to executive leadership.

Responsibility:

  • Develop recommendations and help lead implementation of new capabilities (e.g., methodology, tools, process, data) that strengthen DecoPac’s price and sales analytics acumen.
  • Lead the development and evaluation of pricing strategies and actions, and build recommendations to improve revenue, units and profitability by product format and customer. Recommendations encompass price points, price mix, and customer price lists. Focus on core BTB business while supporting efforts for new DTC business revenue models.
  • Evaluate product performance trends and identify actions to address risks and opportunities; collaborate with product and customer team leads in synthesizing insights and building recommended actions (e.g., product/price mix, product lifecycle management, marketing program actions, etc.).
  • Build sales and marketplace data “fact book” inclusive of internal sales and margin performance, industry and customer data, and third-party research, and use this broadened view to strengthen decision-making. Datasets include PPI/CPI, retail pricing and competitive offerings.
  • Prepare KPI and other reports for senior leadership that evaluate results of pricing and product performance. Participate in integrated business planning process to establish business goals.
  • Mine data, analyze and interpret results using standard statistical tools and techniques; partner with organizational peers in Finance, Integrated Business Planning, and Product to identify enterprise-wide training and development opportunities to improve data analytics acumen.
  • Organize and facilitate Pricing Governance meetings to drive strategic direction and timelines in alignment with Company leaders. Facilitate other supporting pricing workflow meetings as required (e.g., Customer Special Request approvals, input cost forecast reviews, new product tier attributes, etc.)


Qualifications:

  • Bachelor’s degree in business administration, Finance, Statistics, Engineering or related field preferred.
  • 5 years’ experience working as a pricing analyst or pricing strategist in B2B product management, sales, finance, or marketing required.
  • Price analytics, data analysis and reporting, and database management experience required.
  • Experience working in a high SKU count environment preferred.
  • Experience working in the food industry preferred.
  • Proficient user of MS Office, Excel spreadsheets, and web-based applications.

Job Summary

JOB TYPE

Full Time

INDUSTRY

Retail

SALARY

$79k-100k (estimate)

POST DATE

01/18/2024

EXPIRATION DATE

07/20/2024

WEBSITE

decopac.com

HEADQUARTERS

ANOKA, MN

SIZE

200 - 500

FOUNDED

1919

TYPE

Private

CEO

CINDY MAHONEY

REVENUE

$50M - $200M

INDUSTRY

Retail

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About DecoPac

DecoPac is a Minnesota-based supplier and online retailer of cake decorating products including sprinkles, fondant and pastry bags to cake decorators and bakeries.

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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.

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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.

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

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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.

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Excessive discounts and daily promotions.

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New business & revenue opportunities.

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

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