Hybrid: Markham, Ontario
Job Description:Job SummaryThe Pricing Manager is responsible for supporting the development, execution, and continuous improvement of pricing strategies that drive sales, profitability, and customer value. Working closely with merchandising and category teams, this role analyzes pricing opportunities, maintains pricing governance, monitors competitive positioning, and delivers data-driven insights to support business decisions. The Pricing Manager combines strong analytical skills with sound business judgment to help optimize pricing performance and contribute to strategic pricing initiatives.
Essential Duties and Responsibilities- Support the development and execution of pricing strategies by collaborating with merchandising and category teams to align pricing decisions with business objectives.
- Manage the markdown process for discontinued products by identifying the most cost-effective markdown strategies to optimize inventory exit while maximizing margin recovery. Partner with category teams to communicate markdown recommendations and support execution, while coordinating with cross-functional teams to ensure timely and accurate implementation.
- Model and analyze price optimization scenarios using the pricing tool to maximize sales and profitability, while supporting adoption and effective use of pricing capabilities across merchandising teams.
- Analyze the impact of pricing decisions and develop reporting and performance metrics to measure pricing effectiveness.
- Monitor market trends, competitive pricing, and price positioning, providing analytical insights and recommendations to improve pricing performance and customer value perception.
- Maintain pricing strategies, configurations, business rules, and governance within the pricing tool to ensure accuracy and consistency.
- Support pricing initiatives by providing data analysis, documenting business requirements, assisting with implementation activities, and contributing to continuous process improvements.
- Build and maintain pricing logic within the web-scrape price collection process and analyze competitive pricing to identify opportunities and actionable recommendations.
- Continuously evaluate internal pricing performance and competitive trends to recommend refinements that improve pricing outcomes.
- Partner with cross-functional teams to resolve pricing issues, improve processes, and support ongoing enhancements to pricing capabilities.
Experience, Education, Certifications- 3-5 years of experience in pricing, category management, retail analytics, or a related field.
- Experience supporting pricing strategies and pricing execution in a retail environment.
- Experience with pricing tools, data analytics, and business intelligence software.
- Strong understanding of retail pricing principles, competitive pricing, and price optimization concepts.
- Proficiency in data analysis, forecasting, and pricing models.
- Advanced Excel skills and working knowledge of business intelligence tools.
- Strong analytical and problem-solving skills with attention to detail.
- Excellent communication and collaboration skills with the ability to build effective working relationships across functions.
- Strong organizational and project management skills.
- Ability to identify opportunities, make data-driven recommendations, and support implementation of pricing initiatives.
Compensation: The targeted salary range for this position is $72,000-$100,000 annually. The final offer will be based on factors such as market location, relevant skills, experience and internal equity.
