ABB Ltd

Pricing Specialist

ABB Ltd$100K — $160K *
Business Services
8 - 10 years of experience
Job Overview by Ladders

Qualifications

  • Bachelor's degree plus 8 years of marketing experience, or 10+ years without a degree in a related field.
  • Strong analytical skills to interpret market data and trends.
  • Knowledge of pricing processes and methodologies.
  • Proven negotiation and influencing skills with stakeholders.
  • Solid understanding of financial principles, including cost structures and margins.
  • Effective communication abilities in both written and verbal forms.
  • Sales-oriented mindset with understanding of practices including channel sales.

Responsibilities

  • Develop and manage competitive pricing strategies aligning with market and customer needs.
  • Conduct in-depth market and competitive analyses to inform pricing decisions.
  • Maintain accurate pricing data across diverse products and customer segments.
  • Implement pricing changes while ensuring adherence to guidelines and processes.
  • Collaborate with global pricing teams for consistency in pricing across regions.

Benefits

  • Choice between two medical plan options (PPO or High Deductible Health Plan).
  • Two dental plan options available (Core and Core Plus).
  • Company-paid life insurance and AD&D coverage.
  • Short and Long Term Disability coverage, both company-paid up to specified limits.
  • Paid Parental Leave and an Employee Assistance Program.
  • 401k savings plan with company contributions and ESAP for stock acquisition.
Full Job Description
This position reports to:
Product Marketing Manager

The Pricing Specialist plays a key role in developing and implementing pricing strategies that optimize revenue, market share, and profitability for ELSE in the US. The role encompasses a broad range of responsibilities, from market analysis to stakeholder communication and pricing execution.

This position is open to remote candidates with preference for someone near to a key ABB facility (Cary, NC; Atlanta, GA; Bloomfield, CT) to be able to go onsite and support in-person when needed. #LI-Remote

Key responsibilities for this position:
  • Strategic Pricing Management: Ensure ELSE's pricing structure is competitive and aligned with market trends, customer demands, and value proposition. Create tailored pricing models for different offerings STD, CTO and ETO
  • Market and Competitive Analysis: Develops and implements a sustainable process to gather market pricing data. Conduct regular research on market trends, customer preferences, and competitor pricing strategies. Continuously track competitor pricing strategies and industry trends to ensure ABB remains competitive in terms of pricing. Analyze the price sensitivity of different product categories or customer segments and make data-driven decisions to optimize pricing strategies.
  • Pricing Analytics and Data Management: Maintain and manage accurate pricing data across various PG's, products, regions, and customer segments.
    Regularly analyze and develop a pricing structure and conditions to ensure products and services are priced to maximize profitability while remaining competitive. Develop and implement pricing models (e.g., market-based pricing, value-based pricing) that align with both market and organizational goals.
    Prepare and present regular pricing performance reports, including key performance indicators (KPIs) such as price realization (NPV), Rebates performance and revenue growth.
  • Price Optimization and Implementation: Establishes pricing guidelines and ensures the application/ adherence within the relevant organization. Collaborate with global pricing to ensure proper internal transfer pricing across local business units and regions and establishes the processes to manage pricing requests beyond the scope of agreed guidelines. Support the PMS' to define and set the pricing for individual products and services, considering production costs, competitor prices, perceived value, and maintaining pricing system update, appeals, and tool approvals. This person is responsible for the implementation of pricing changes and overall data quality/updating versus only overseeing that responsibility.


Required Skills & Competencies:
  • Bachelor's Degree plus 8 years' Marketing or similar experience, or no degree and 10+ years' experience in Marketing or related field
  • Analytical Skills: Strong ability to analyze market data, pricing trends, and customer behavior.
  • Pricing Skills: Knowledge of pricing processes
  • Negotiation/Influencing Skills: Ability to negotiate/influence pricing proposals and ideas with key stakeholders.
  • Financial Acumen: Understanding of cost structures, profit margins, financial statements and performance target.
  • Communication Skills: Clear and effective communication skills, both written and verbal, to convey pricing strategies to various stakeholders.
  • Sales Skills: Understanding of general sales practices, sales enablement, channel sales, contract & risk management.
  • Attention to Detail: High level of accuracy in pricing data and decisions to avoid errors that can impact profitability.
  • Candidates must already possess authorization to work for ABB in the US.


Tools & Technologies:
  • ERP & CRM Systems: Familiarity with ERP & CRM systems (e.g., SAP, Oracle, Salesforce) for managing pricing and pricing updates.
  • Data Analytics Tools: Knowledge of data analysis tools (e.g., Excel, Tableau, Power BI) for conducting pricing analysis and reporting.


What's in it for you:

We give you the space to lead, the support to grow, and the chance to make a difference. Whether you're solving problems, building something new, or helping others succeed, your impact is real. You'll be part of a team that values your voice and celebrates your progress.

While base salary is determined by things such as the successful applicant's qualifications and experience, this position is expected to pay between $100,500 and $160,800 annually and is eligible for a short-term incentive plan/annual bonus.

ABB Benefit Summary for eligible US employees

[excludes ABB E-mobility, Athens union, Puerto Rico]

Go to MyBenefitsABB.com and click on "Candidate/Guest" to learn more

Health, Life & Disability
  • Choice between two medical plan options: A PPO plan called the Copay Plan OR a High Deductible Health Plan (with a Health Savings Account) called the High Deductible Plan.
  • Choice between two dental plan options: Core and Core Plus
  • Vision benefit
  • Company paid life insurance (2X base pay)
  • Company paid AD&D (1X base pay)
  • Voluntary life and AD&D - 100% employee paid up to maximums
  • Short Term Disability - up to 26 weeks - Company paid
  • Long Term Disability - 60% of pay - Company paid. Ability to "buy-up" to 66 2/3% of pay.
  • Supplemental benefits - 100% employee paid (Accident insurance, hospital indemnity, critical illness, pet insurance
  • Paid Parental Leave
  • Employee Assistance Program
  • Health Advocate support resources for mental/behavioral health, general health navigation and virtual health, and infertility/adoption
  • Employee discount program


Retirement
  • 401k Savings Plan with Company Contributions
  • Employee Stock Acquisition Plan (ESAP)


Time off

ABB provides 11 paid holidays. Salaried exempt positions are provided vacation under a permissive time away policy.

Building a cleaner, smarter future takes all kinds of minds: the curious, the courageous, and the creative. That's why we welcome people from all backgrounds and experiences.

Ready to make an impact?

Apply today or visit https://www.abb.com to learn more about the impact of our solutions across the globe.

About ABB Ltd

ABB Ltd is a Swiss multinational corporation that specializes in electrical equipment. The company was founded in 1988 and is headquartered in Zurich, Switzerland. ABB operates in a variety of industries, including power generation, transmission, and distribution, as well as automation and robotics. The company's products and services are used in a range of applications, from electric vehicles to renewable energy systems. ABB has a global presence, with operations in more than 100 countries. The company is committed to sustainability and has set ambitious targets for reducing its environmental impact.
Learn more about ABB Ltd
Size
104,400 employees
Market Cap
$59.8 billion
Industry
Net Income
$5.1 billion
Founded
1988
5 Year Trend
+3%
Revenue
$26.1 billion
NASDAQ

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