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Pricing Specialist

1 month ago

Riverwoods IL United States Discover Financial Services Full time

Discover. A brighter future.

With us, you’ll do meaningful work from Day 1. Our collaborative culture is built on three core behaviors: We Play to Win, We Get Better Every Day & We Succeed Together. And we mean it — we want you to grow and make a difference at one of the world's leading digital banking and payments companies. We value what makes you unique so that you have an opportunity to shine.

Come build your future, while being the reason millions of people find a brighter financial future with Discover.

Job Description:



What You’ll Do

  • Responsible for research and analysis that aid in the evaluation of pricing strategies and solutions that drive revenue yield and the advancement of pricing infrastructure. Manages and grows revenue yield thru research and conduction of pricing analysis that ensure account-level and program level profitability as well as monitoring of current strategy or pricing proposal performance. Works with internal departments to ensure initiatives and strategies are implemented and communicated properly using competitive pricing practices, the drivers of the revenue, rates and fees for a wide variety of external client/customer types as well as an ability to identify details and cross functional implications. Aids in the evaluation of a pipeline of pricing initiatives and requests under evaluation for review and approval ensuring requests are evaluated in a consistent and rigorous manner and that all audit, risk and governance requirements are met. Works across all functions to contribute to various strategy efforts, pricing systems enhancements and other initiatives designed to grow in designated area
  • Actively manages and escalates risk and customer-impacting issues within the day-to-day role to management.


How You’ll Do It

  • Performs thorough, detailed and precise financial and mathematical analysis or visual representations of policy, volume and revenue performance to support business initiatives.
  • Assists in the delivering of the procedures and business rules required to support stated policy, as well as the documentation and communication of policy both internally and externally.
  • Researches competitive pricing trends and utilizes knowledge for analytics, assisting in policy recommendations and risk assessment.
  • Presents the results of mathematical modeling and data analysis to management or other key business area decision makers.
  • Collaborates with management and other key business area decision makers to identify and solve a variety of issues, clarify management objectives, and ensure successful implementation of chosen solutions.


 

Qualifications You’ll Need
The Basics

  • H.S Diploma or GED

  • In Lieu of Education, 4+ years of experience in Pricing, Financial Services, Transaction Processing, Analytics.


 

Physical and Cognitive Requirements
The physical requirements described here are representative of those that must be met by an employee to successfully perform the essential functions of this position. Reasonable accommodations may be made to enable a qualified individual with disabilities to perform the essential functions of the position as required by federal, state, and local laws:

  • Primarily remain in a stationary position.
  • Occasionally move about the work environment to complete the major responsibilities of the job.
  • Primarily performed indoors in an office setting.
  • Ability to operate office equipment such as but not limited to computer, telephone, printer, and calculator.
  • Ability to communicate verbally.; Ability to communicate in written form.


 

Bonus Points If You Have

  • Bachelor's degree in Economics, Finance, Business Administration and Management, Accounting, Marketing.
  • 2+ years of work experience in Pricing, Financial Services, Transaction Processing, Analytics.
  • Certifications in SQL, Teradata.



Discover will not sponsor or transfer employment work visas for this position. Applicants must be currently authorized to work in the United States on a full-time basis.

#LI-LG1

Application Deadline:

The application window for this position is anticipated to close on Dec-01-2024. We encourage you to apply as soon as possible. The posting may be available past this date, but it is not guaranteed.

Compensation:

The base pay for this position generally ranges between $67,000.00 to $113,000.00. Additional incentives may be provided as part of a market competitive total compensation package. Factors, such as but not limited to, geographical location, relevant experience, education, and skill level may impact the pay for this position.

Benefits:

We also offer a range of benefits and programs based on eligibility. These benefits include:

  • Paid Parental Leave

  • Paid Time Off

  • 401(k) Plan

  • Medical, Dental, Vision, & Health Savings Account

  • STD, Life, LTD and AD&D

  • Recognition Program

  • Education Assistance

  • Commuter Benefits

  • Family Support Programs

  • Employee Stock Purchase Plan

Learn more at mydiscoverbenefits.com.

What are you waiting for? Apply today

All Discover employees place our customers at the very center of our work. To deliver on our promises to our customers, each of us contribute every day to a culture that values compliance and risk management.

Discover is committed to a diverse and inclusive workplace. Discover is an equal opportunity employer and does not discriminate on the basis of race, color, religion, sex, sexual orientation, gender identity, national origin, age, disability, protected veteran status, or other legally protected status. (Know Your Rights & Pay Transparency Nondiscrimination Provision)

Discover complies with federal, state, and local laws applicable to qualified individuals with disabilities and is committed to providing reasonable accommodations. If you require a reasonable accommodation to search for a position, to complete an application, and/or to participate in an interview, please email HireAccommodation@discover.com. Any information you provide regarding your accommodation needs will be kept confidential and will only be used to determine and provide necessary accommodation.