Director of Pricing

2 months ago

oak brook, United States LHH Full time

Job Title: Director of Pricing

Location: Oak Brook, IL


About Us:

LHH is hiring a Pricing Director for a leading manufacturing company dedicated to customer satisfaction. With a strong commitment to innovation and quality, we serve a national customer base and are poised for continued growth in the industry.


Job Description:

We are seeking a strategic and analytical Director of Pricing to join our dynamic team. The Director of Pricing will play a pivotal role in shaping our pricing strategy and maximizing profitability across our product lines. This position requires a deep understanding of market dynamics, competitive positioning, and financial analysis within the manufacturing sector.


Responsibilities:

  • Develop Pricing Strategy: Formulate and implement pricing strategies that align with business objectives, market conditions, and competitive landscape.
  • Market Analysis: Conduct thorough market research and analysis to identify pricing opportunities and threats. Monitor industry trends and competitive pricing strategies.
  • Financial Modeling: Utilize financial modeling techniques to evaluate pricing scenarios, profitability impact, and revenue optimization strategies.
  • Cross-functional Collaboration: Collaborate closely with sales, marketing, finance, and product teams to align pricing strategies with overall business goals and customer expectations.
  • Pricing Analytics: Implement pricing analytics tools and methodologies to track performance metrics, measure pricing effectiveness, and identify areas for improvement.
  • Price Setting and Execution: Lead the process of setting prices for new and existing products. Develop pricing guidelines and policies to ensure consistency and transparency.
  • Competitive Intelligence: Monitor competitor pricing strategies and market dynamics to proactively adjust pricing strategies as needed.
  • Team Leadership: Manage and mentor a team of pricing analysts and specialists. Foster a culture of continuous improvement and knowledge sharing within the pricing team.


Qualifications:

  • Education: Bachelor’s degree in Finance, Accounting or related field. Master’s degree preferred.
  • Experience: Minimum of 8 years of experience in pricing strategy, financial analysis, or related fields within the manufacturing industry. Previous leadership experience required.
  • Analytical Skills: Strong analytical and quantitative skills with proficiency in financial modeling and data analysis tools.
  • Strategic Thinker: Ability to think strategically and develop long-term pricing strategies aligned with business objectives.
  • Communication Skills: Excellent verbal and written communication skills. Ability to effectively communicate pricing strategies and recommendations to senior management.
  • Team Leadership: Proven track record of leading and developing high-performing teams. Experience in fostering a collaborative and inclusive team environment.
  • Systems skills SQL, Tableau, PowerBI are preferred.

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