Pricing Specialist II

Pricing Specialist II

Requirements

• Bachelor’s degree or equivalent experience from which comparable knowledge and job skills can be obtained.
• Typically less than 2 years experience

Responsibilities

• Partners with sales/marketing, business development and finance to correctly position product portfolio and establish pricing programs aligned with product/sales strategy and revenue recognition requirements.
• Analyzes prices in the external marketplace, such as competitor pricing, seasonal changes in pricing, discounting, customer’s willingness to pay, and overall consumer spending patterns.
• Verify pricing and clear price related blocks in the Enterprise Resource Planning (ERP) before generating delivery orders. Including providing suppliers with point of sale information.
• Analyzes internal pricing models that consider product costs such as labor, materials, distribution, and contracts to evaluate prices against actual expenses and budgets.
• Evaluates opportunities to monetize products offered initially at little to no cost (such as online products), or to create upsell opportunities as products are repositioned in the marketplace.
• Projects impact of pricing changes, individual promotions and rebate programs on revenue.
• Creates/administers pricing databases and coordinates implementation of pricing and delivery proposals across the organization.
• May also update pricing databases track current and historical pricing of the company’s products and of its competitors.
• Performs analysis and reports results of various program impact for identified customer(s) notifying the account manager of success, issues and future growth plan strategies.
• Maintains and drives trending knowledge of products, competitors, technology and customers in the assigned supplier product market.

Preferred Qualifications

No preferred qualifications provided.