Job Title
Pricing Strategist
Job Summary
Develops pricing strategies to meet customers' needs while providing a profit for the organization | Determines core business costs of service in support of pricing/tariff development | Designs, implements and maintains pricing infrastructures | Evaluates effectiveness of pricing strategies and modifies pricing structures as needed | Provides reporting and documentation of pricing structures and serves as the point-of-contact for pricing inquiries from internal sales department, but not customers
Impact of the Role
General Profile
- Requires in-depth conceptual and practical knowledge in own job discipline and basic knowledge of related job disciplines
- Solves complex problems
- Works independently, receives minimal guidance
- May lead projects or project steps within a broader project or may have accountability for on-going activities or objectives
- Acts as a resource for colleagues with less experience
- Consistent exercise of discretion & judgment
Essential Functions
- Develops pricing models for organizational goods and services.
- Collects and analyzes data relating to current and predicted market conditions, cost overhead, or competition pricing in order to recommend pricing strategies or standardizing pricing guidelines
- Balances project needs with expected product demand to maximize revenue, market share, or profit margin
- Models pricing adjustments to predict the impact of pricing changes on organizational performance.
- May provide customized pricing to the sales team.
Required Qualifications
- Required education and experience: Associate's Degree and 5-7 years' experience OR Equivalent Combination of Relevant Education &/or Experience
- Critical professional related technical skills; computer skills: Proficient in Microsoft Office (Excel, Word, PowerPoint)
Preferred Qualifications
- Preferred education and experience: Bachelor's Degree
- Discipline/Major: Finance or related degree preferred.
- Knowledge, skills & abilities: Oral and written communication skills. Analytical thinking skills. Statistical knowledge. Detail oriented. Ability to meet deadlines.
Physical Requirements
- Work primarily in a climate-controlled environment with minimal safety/health hazard potential.
- Must be able to remain in a stationary position at a desk and/or computer for extended periods of time.
Travel Requirements
Up to 25% travel likely.