Job ID: 117589
The Manager, Pricing Strategy will provide subject matter expertise, project management, and analytical support to pricing decisions made by the merchandising organization during category reviews for key departments. This position is responsible for executing category Pricing Strategy Reviews for a designated department and should be seen by merchants as a thought leader on category and assortment strategy. The Manager will advise merchants on available pricing levers to drive category performance, designing and execute pricing tests to validate hypothesis. The Manager will support corporate level pricing initiatives through engagement with their assigneddepartment. The manager should be an advocate for implementing pricing best practices across the portfolio of categories and provide guidance and support to Senior Analysts in the absence of a Senior Manager.
MAJOR TASKS, RESPONSIBILITIES AND KEY ACCOUNTABILITIES
80%-Develop relationships with Merchants and deep understandings of category business dynamics.
Work in collaboration with Merchants to determine category review goals and objectives, conduct standard and ad hoc analysis to identify key drivers of performance, recommend pricing decisions that will improve category performance and develop financial plans that reflect pricing changes.
Typical analysis will include: (a) marketplace and macroeconomic trends impacting the category including competitive assessment, (b) customer segmentation and responsiveness (c) line structure and line structure engineering, (d) localization, including defining pricing zone definition, (e) promotional effectiveness, (f) transaction and basket penetration, (g) consumer psychology.
Develop executive-level presentations that summarize analysis including historical category performance, strategic rationale underpinning pricing decisions and expected financial impact.
Report out to all levels of management. Accountable for accuracy, thoroughness, thought process, timeliness and viability of recommendations.
20%-Support to develop and maintain a calendar of category reviews, tests, and strategic initiatives. Own MVP/DMM and Merchant/Associate Merchant relationships for designated department strategic projects, Ad hoc analysis, and reporting.
NATURE AND SCOPE
This position reports to Sr Manager Pricing
This position has no Direct Reports
ENVIRONMENTAL JOB REQUIREMENTS
Located in a comfortable indoor area. Any unpleasant conditions would be infrequent and not objectionable.
Typically requires overnight travel less than 10% of the time.
Must be eighteen years of age or older.
Must be legally permitted to work in the United States.
The knowledge, skills, and abilities typically acquired through the completion of a bachelor’s degreeprogram or equivalent degree in a field of study related to the job.
Years of Relevant Work Experience: 4 years
Most of the time is spent sitting in a comfortable position and there is frequent opportunity tomove about. On rare occasions there may be a need to move or lift light articles.
-Prior experience in retail Pricing
-Prior experience in merchandising, planning and analysis
-Proficient in Microsoft Access, Excel, and PowerPoint
-Strong analytical skills including demonstrated aptitude with financial analysis and ability togenerate insight from large and complex data sets
-Strong communication skills including the ability to effectively articulate viewpoint to executiveleadership and ability to write compelling executive level presentations
-Strong project management skills and ability to effectively handle multiple priorities and deadlines simultaneously
-Strong financial acumen including experience with the retail and cost methods of accounting
Knowledge, Skills, Abilities, and Competencies:
-Ability to partner with cross-functional teams at all levels across a complex organization
-Ability to get results despite a large workload, competing demands and working in a fast-paced environment
-Ability to effectively prioritize multiple demands, adjust to change quickly and workconstructively under pressure
-Ability to structure nebulous projects and to work constructively under tight deadlines
-Ability to influence peers and business partners without authority