Pricing Manager

Brief Description

The Pricing Manager is responsible for leading pricing strategies to ensure market competitiveness and profitability. This role involves conducting market research, analyzing competitor pricing, managing pricing databases, and implementing pricing policies. The manager collaborates with cross-functional teams, oversees price changes across retail locations, and supports product launches and promotions with data-driven insights. They also play a key role in training staff and aligning pricing strategies with customer feedback and organizational goals.

Responsibilities

• Develops competitive pricing databases to monitor changes in the marketplace and their impact on the organization
• Responsible for conducting research and performing competitive pricing analysis
• Manages pricing analysis to support promotions and new product releases
• Responsible for rolling out price change initiatives and strategies
• Develop strategic analysis and recommendations around win/loss analysis, bundling and discounting methodologies
• Communicate and consult with Customers, Sales & Account Management, Product Marketing, and other functional areas
• Monitors ongoing competitive environment to ensure practices do not adversely impact Ideal Market reputation or customer satisfaction
• Creates/administers pricing databases and coordinates implementation of pricing proposals across the organization
• Assist with the development, publishing and communication of Pricing Policies & Procedures
• Change/Adjust data in the store's system to meet vendor pricing requirements
• Oversee the physical sticker price changes in all stores
• Compile usable date for pricing structures for sales associates
• Provide training, professional development, and consistent direction and policy to staff to achieve pricing and financial objectives ordinates with Marketing to ensure regular customer feedback is incorporated into pricing policies through surveys, focus groups and other means
• Other duties as assigned