Principal Pricing Specialist

3 weeks 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 pricing strategies and solutions that drive revenue yield and the advancement of pricing infrastructure. Manage and grow revenue yield thru creation of pricing strategies as well as determining system solutions, recommendations of pricing proposals and negotiation strategies that incorporate competitive pricing practices and cross-functional implications. Responsible for working with internal departments to ensure that necessary parties understand the explanation of those strategies, and that strategies are implemented and communicated properly. Applies knowledge of revenue drivers, rates and fees for a wide variety of external client types as well as systems support pricing components. Manage a pipeline of pricing initiatives and requests under evaluation for review and approval ensuring requests are evaluated in a consistent and manner and audit, risk and governance requirements are met. Works closely with personnel across all functions, including Senior Management, in determines solutions that contribute to various strategy efforts, pricing systems enhancements and other initiatives designed to grow the business, sales volume and revenue.
  • Actively manages and escalates risk and customer-impacting issues within the day-to-day role to management.

How You’ll Do It

  • Accountable for pricing strategy and communication of revenue, rates and fees for respective clients, markets or management. Drives revenue and manages yield for area of responsibility.
  • Lead cross-functional teams to solve business problems using pricing solutions, collaborating and coordinating with a range of internal stakeholders to make recommendations on a wide range of business issues.
  • Formulate mathematical analytics or visual representations of business initiatives/problems, related constants and variables, alternatives, or requirements.
  • Create/enhance the procedures and business rules required to support stated policy, as well as the documentation and communication of policy both internally and externally Serve as liaison between BT and business partners collaboration with other engineers, architects, product owners and data scientists.
  • Stay abreast of competitive pricing trends and used for key initiative and strategies as well as analytics, client and product strategies and risk assessments.
  • Responsible for annual plans, monthly forecasts and performance tracking for respective area

Qualifications You’ll Need

 The Basics

  • Bachelors in Finance, Economics, Business Administration and Management, Accounting, Marketing or related.
  • 6+ years of experience in Pricing, Financial Services, Transaction Processing, Management Consulting or related.
  • In Lieu of Education, 10+ years of experience in Pricing, Financial Services, Transaction Processing, Management Consulting, or related.

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:

  • Does this job require remaining in a stationary position, including but not limited to, primarily sitting and standing? Primarily remain in a stationary position.
  • Does this job require the ability to move about inside or outside the work environment to complete the major responsibilities of the job? Occasionally move about the work environment to complete the major responsibilities of the job.
  • Does this job require the ability to transport physical objects? If so, provide the weight of the heaviest object the job needs to transport without the aid of machinery or equipment or the weight equivalency with the aid of machinery or equipment. No.
  • Primarily, where is this job performed? Primarily performed indoors in an office setting.
  • Does this job require the ability to operate equipment or machinery? Select all that apply. Ability to operate office equipment such as but not limited to computer, telephone, printer, and calculator.
  • Does this job require the ability to communicate verbally or in written form? Select all that apply. Ability to communicate verbally.; Ability to communicate in written form.
  • Does the job require travel? No.
  • Does this role require testing or assessments to measure the ability to perform the job? No

Bonus Points If You Have

  • Masters in Finance, Economics, Business Administration and Management, Accounting, Marketing.
  • 8+ years of experience in Pricing, Financial Services, Transaction Processing, Management Consulting or related.

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 Oct-13-2024. 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 $88,500.00 to $149,300.00. 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.

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