The Pricing Manager is accountable for researching, analyzing and providing best advice to support and develop short range and medium-range food and general merchandise business strategies, with a particular focus on Pricing & Promotions. The role monitors competitive price indexes for each market and implements pricing strategies. The Pricing Manager facilitates business strategies that provide the company the opportunity to better serve its customers with pricing and promotions that articulate our value proposition while creating a clear competitive advantage to both local and distant competitors. This role provides leadership and direct managerial oversite to the brand Data Entry Specialist.
Key Accountabilities:
• Accountable for supervising the department(s) Data Entry Specialist
o Monitor performance of assigned tasks of reporting employees
o Train and develop reporting employees to meet department goals
o Train and develop reporting employees for department succession • Make strategic decisions about setting and adjusting price levels in order to maximize gross margin dollars, increase revenue and sales volume • Accountable for the oversight and communication of the daily pricing and promotional activities and reporting • Accountable for providing financial forecasts associated with pricing initiatives, promotions, and
markdowns • Accountable for supporting the promotional planning process
o Review of promotional analyses and forecasts
o Ensure promotions are in line with strategic guidelines and guardrails
o Enforce deadlines with cross-functional business partners
o Complete full in-depth post mortem analysis of CUL ads and promotional events • Partner with Category Managers and Director of Sales Operations to flow through impact of pricing & promotional decisions into the total company P&L • Evaluate reporting, data, and competition to ensure alignment with strategic goals and provide
recommendations for corrective and preventative actions • Work with team to operationalize, streamline, and continuously refine processes and reporting • Identify and analyze competition and recommend strategy • Assist in the refinement of the long-term strategic plan • Maintain and regularly update a pricing history database • Manage total pricing procedures, enhance processes to make most of efficiencies, and ensure
timely response to market conditions • Develop and implement data collection systems and other strategies that optimize the company's efficiency and data quality • Identify, analyze, and interpret trends or patterns in complex data sets • Work closely with management to prioritize business and information needs • Recommend quality metrics and ensure quality metrics are documented and tracked • Provide support and analyses on ad hoc projects
Desired Skills & Experience: • Minimum of a Bachelor's Degree - Masters Business Administration or equivalent preferred • Five years or more of relevant work experience • Experience in Retail Pricing development and execution is required • Excellent risk assessment, financial modeling, problem solving and analytical skills • Exceptional planning and analysis (market research, statistical, management accounting and
financial) skill set • Category management, marketing or merchandising experience is required • Demonstrated ability to identify and capitalize on business opportunities and to create or play a key role in creating plans that are effectively executed • Work Experience within Project Management field is considered an asset • Strong customer service skills • Impeccable attention to detail • Strong time management • High aptitude and resolve to achieve goals • Ability to manage and lead process definition and implementations • Ability to communicate complex concepts and influence senior management • Ability to work independently and as a member of a team • Ability to operate in ambiguous environments • Ability to successfully manage multiple work streams simultaneously • Excellent PC skills with emphasis on presentation and modeling (Excel, PowerPoint)