Bachelor's degree in business, marketing, finance, or related fields.
Master's degree (MBA) and/or professional certification (e.g., CPA, CFA) preferred.
Minimum 8 years of relevant work experience in pricing, promotion management, or trade optimization.
In-depth experience in developing and implementing various pricing strategies.
Proficient with analytical tools for pricing and promotion optimization.
Proven leadership skills and ability to influence cross-functional teams.
Fluency in Korean and English, with strong communication skills.
Responsibilities
Oversee ROI pre-assessment using sales forecasts for strategic resource allocation.
Develop and execute pricing strategies in collaboration with product management.
Analyze market trends and competitive pricing for informed decision-making.
Implement promotional strategies aligned with business objectives.
Monitor promotional performance and adjust strategies based on market trends.
Develop trade strategies in collaboration with Sales, Marketing, and Finance.
Optimize trade spending by analyzing promotion executions for improved ROI.
Benefits
No-cost employee premiums for medical, dental, vision, and prescription benefits.
Immediate vesting in a 401(k) Retirement Savings Plan with competitive matching contributions.
Generous Paid Time Off program including holidays and combined sick/vacation time.
Performance-based Short-Term Incentives.
Access to confidential mental health resources and personal fitness incentives.
Family-oriented benefits including paid parental leave and support for families with special needs.
Group Rate Life and Disability Insurance.
Full Job Description
The Opportunity:
A results-oriented Bilingual Korean Senior Manager of PP&T (Price, Promotion, and Trade) is sought to lead division's revenue growth and profitability by strategically managing pricing, promotional activities, and trade spend. This role requires working cross-functionally with various departments like Sales, Marketing, Finance, and Product Management to ensure alignment and effective implementation of pricing, trade, and promotional strategies.
Responsibilities:
Oversees ROI pre-assessment using sales forecasts to guide strategic resource allocation and investment decisions.
Develop and execute pricing strategies by aligning with product management team to set prices for products across various channels, optimizing price points.
Analyze market trends and competitive pricing to make informed pricing decisions and to identify opportunities for price optimization.
Develop and implement promotional strategies that align with business objectives and attract target audiences.
Monitor and evaluate promotional performance for adjustments based on performance and market trends.
Develop trade strategies and plans, collaborating with Sales, Marketing, and Finance to ensure alignment with the company's growth and profit objectives.
Optimize trade spending by analyzing trade promotion executions to uncover opportunities for improved ROI and influencing tangible improvements for key customers.
Present pricing analysis and recommendations to senior management and influencing decision-making processes.
Education / Experience (Requirements):
Bachelor's degree in business, marketing, finance, or other related fields.
Master's degree (MBA) and/or professional certification (e.g., CPA, CFA) preferred.
Minimum 8 years of relevant work experience, with a focus on pricing, promotion management, or trade optimization.
In-depth understanding and experience in developing and implementing various pricing strategies (e.g., cost-based, competitive, penetration, value-based).
Must have a experience with analytical tools and methodologies for pricing and promotion optimization.
Proven ability to lead projects, influence cross-functional partners, and build strong relationships with stakeholders, including senior leadership.
Korean and English Fluency is required; Excellent written and verbal communication skills to present complex data and insights in a clear, concise, and compelling manner.
Must have experience working with and managing data warehousing systems for accessing and utilizing large datasets.
Recruiting Range
$148,000-$158,000 USD
Benefits Offered Full-Time Employees:
No-cost employee premiums for you and your eligible dependents for competitive medical, dental, vision and prescription benefits.
Auto enrollment with immediate vesting of competitive company matching contributions in a 401(k) Retirement Savings Plan with several investment options.
Generous Paid Time Off program that includes company holidays and a combined bank of paid sick and vacation time.
Performance based Short-Term Incentives (varies by role).
Access to confidential mental health resources to help you and your loved ones improve your quality of life. Personal fitness goal incentives.
Family orientated benefits such as paid parental leave and support for families raising children with learning, social, behavioral challenges, or developmental disabilities.
Group Rate Life and Disability Insurance.
Benefits Offered Temporary/Contractors:
Eligible for the relevant benefit programs offered through our partner agencies.
About LG Electronics
LG Electronics Inc. is a South Korean multinational electronics company headquartered in Yeouido-dong, Seoul, South Korea.
LG Electronics is a part of the LG Corporation, the fourth-largest chaebol in South Korea, and its global sales reached US$55.91 billion in 2014. It comprises four business units: Home Entertainment, Mobile Communications, Home Appliances & Air Solutions and Vehicle Components, with Starion India as its main production vendor for refrigeration and washing machines in the Indian sub-continent. LG Electronics acquired Zenith in 1995 and controls 37.9 percent of LG Display as of 2013. Since 2008, LG Electronics remains the world's fourth-largest LCD television manufacturer. The company has 128 operations worldwide, employing 83,000 people.
