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Manager, Strategic Pricing

SUMMARY

As the pricing lead for Pella, this role will own the pricing strategy across an expansive product portfolio for all segments and define cross-company initiatives that align profit margins and revenue growth to the company’s strategic plan. The ideal candidate will help establish the Pella Family of Brands’ pricing capability, including strategy, process optimization, and governance; he/she will partner closely with the brand leaders to ensure the pricing strategy is brought to life both at the enterprise level as well as at a brand specific level. This individual will help to improve data-driven decision making for short and long-term to drive greater pricing alignment to customer value and business profitability. This position requires strategic thinking, strong analytical skills, sound business acumen, excellent project management skills, and solid communication skills. Equally important, this individual must have a good understanding of financial management and cost-based accounting to effectively evaluate current pricing strategies and find opportunities to optimize.

Essential Functions include the following. Other duties may be assigned:
- Embrace new ways of doing things and set example for organization.
- Orchestrates regular analysis on market pricing, competitive and vendor pricing to arrive at optimum pricing strategy and tiers for Pella products.
- Leads, designs, and evaluates pricing strategies, policies and governance.
- Work cross-functionally to translate enterprise, commercial and department insights into pricing strategy, goals, and actionable plans.
- Drives continuous improvement and building pricing capability.
- Analyzes data and translates the data into action plans that align with the company’s financial objectives. Coordinates with business leaders to generate deep insights and discover effective solutions to pricing strategies.
- Partners with internal and external teams to develop and enhance complex pricing models and tools.
- Identifies value drivers for Pella and each product we sell.
- Constructs and guides strategy around pricing governance, tiers and floors, pricing exceptions, and process efficiency.
- Develops a quarterly pricing roadmap aligned with company strategy and annual profitability goals.
- Research competitive benchmarking of pricing and solicits sales feedback to help price for success.
- Continuously evaluates pricing developments and trends to ensure new thought leadership and capabilities are introduced into the various business groups.
- Implement price adjustments and communication to appropriate parties.
- Develop metrics to track effectiveness, identify opportunities, and display continuous improvement.
- Helps to automate pricing processes and devise timely and accurate implementation of price changes throughout the system with a scalable way to measure performance.
- Identifies, documents, and implements opportunities for continuous improvement.
- Partner with sales and marketing to execute region/market-specific revenue strategies or support sale/promotional strategies based on market needs and brand imperatives.

Other Functions

- Explore how new technologies can drive improvements to revenue, efficiency, and accuracy.
- Actively participate on S&OP team to assist them in forecasting and quantifying impact of pricing strategy decisions.
- Documentation, communication and training of all price changes and processes
- Ownership of the PAR & Lost Job collection and reporting process

SUPERVISORY RESPONSIBILITIES

One or more direct reports.

EDUCATION and/or EXPERIENCE

Bachelor's degree (B.A./B.S.) from four-year college or university; MBA preferred; and 7-10 years in a Pricing, Strategic Product Management, and/or finance and/or marketing analytical roles, with at least 3 years in a pricing function with a strong track record; or equivalent combination of education and experience. Individual must demonstrate experience assessing and driving transformational improvements across pricing for organizations.

COMPUTER SKILLS

Highly proficient in Excel, i.e. Pivot Table, Stacking Formulas, Lookup Functions, Power Query

ADDITIONAL INFORMATION

This position requires strong inter-discipline leadership skills, analytical/problem solving skills; detail oriented/strong organizational skills and process improvement skills. Versatility, flexibility, and a willingness to work within constantly changing priorities with enthusiasm and act as a flexible and innovative team player. Product knowledge/manufacturing experience is preferred. Travel time required is less than 10 percent.