Pricing Strategy Development Specialist
2 days ago
Commercial Pricing Strategist
Fitch Solutions is a leading provider of insights, data, and analytics. It informs investment strategies, strengthens risk management capabilities, and helps identify strategic opportunities through its companies and business units.
The company is part of the Hearst-owned Fitch Group, a global leader in financial information services with operations worldwide.
Job Overview:
The Commercial Pricing Strategist develops pricing strategies and models based on business and financial objectives, market value, product life cycle, and competitive landscape. This role involves collaborating with cross-functional teams to ensure that pricing strategies align with company goals and market needs.
Main Responsibilities:
- Conduct market research and competitive analysis to understand the pricing landscape and identify opportunities for optimization.
- Collaborate with product management and sales teams to gather insights on customer needs and willingness to pay.
- Develop and maintain pricing models that include various pricing structures and scenarios, ensuring they are based on sound financial principles and reflect market dynamics.
- Work closely with finance and analytics teams to understand cost structures and profit margins.
- Assess the impact of pricing decisions on sales volume, customer acquisition, retention, and profitability.
- Provide pricing recommendations for new product launches, bundling strategies, and promotional offers.
- Develop and maintain a pricing database to track historical pricing information and decisions.
- Ensure compliance with pricing policies and regulations.
- Monitor and report on the effectiveness of pricing strategies, adjusting as needed to meet business objectives.
- Lead cross-functional teams in the execution of pricing initiatives and provide training on pricing processes and tools.
Qualifications:
- A minimum of 5-8 years of experience in developing and implementing successful pricing strategies.
- Ability to build and maintain relationships with key stakeholders, including customers, sales teams, and senior management.
- Proven ability to influence cross-functional teams and drive strategic initiatives without formal authority.
- Deep understanding of market dynamics, customer segmentation, and value proposition articulation.
- Advanced analytical and quantitative skills, with the ability to use data and metrics to support assumptions and concepts.
Fitch Solutions offers a competitive salary ranging from $80,000 to $120,000 per annum, depending on experience, location, and qualifications.
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