Our client is a multinational construction chemical company are seeking an Pricing Officer to manage and optimize the company’s pricing strategy, provide actionable insights to ensure profitability and price accuracy, maintain updated pricing lists in the system, and balancing profitability with market competitiveness.
Requirements:
- Bachelor degree from any major with relevant experience (preferably from Finance, Economics, Mathematics, Business)
- Min. 2 – 4 years experience in pricing analysis or financial roles, with experience in margin and portfolio profitability analysis
- Has advanced Excel skills and proficiency in ERP systems (e.g., DAX), with strong analytical abilities.
- Clear communication skills for explaining pricing rationale to cross-functional teams.
- Ability to proactively identify pricing issues and offer solutions to improve margins. Accuracy in managing price updates and understanding market trends and competitor behaviour
Job Descriptions:
- Perform in-depth analysis of product margin movements, identifying key drivers such as cost changes or selling price variations.
- Provide early warnings on margin deterioration to Sales Managers, Technical and Supply Chain teams
- Analyse product portfolios within each product group, identifying the most profitable combinations, and making strategic recommendations to maximize profitability.
- Ensure the product selling price lists in the ERP system are consistently updated to reflect current pricing strategies and market conditions.
- Conduct competitor pricing analysis through both direct and proxy information to help the company remain competitive while protecting margins.
- Identify market trends and competitor behaviour that may impact pricing strategy.
- Monitor and report on market price trends, identifying shifts that could affect the company’s pricing strategies.
- Provide regular reports and recommendations to senior management on pricing trends and competitive positioning.
- Assist in developing and implementing dynamic pricing strategies to respond to market conditions, competitor actions, and customer demand.
- Utilize pricing models and elasticity analysis to forecast the impact of price changes on revenue and profitability.
- Leverage data from various internal and external sources to support pricing decisions, including sales trends, customer behaviour, competitor pricing, and market conditions.
- Provide actionable insights on pricing to management, helping shape long-term pricing strategies.