What are the responsibilities and job description for the Sr. Pricing Strategist position at Fortra?
As a Senior Pricing Strategist, you will play a critical role in shaping and implementing a comprehensive and standard pricing strategy across Fortra. As part of the Commercial Strategy & Operations team, you will collaborate cross-functionally with Product, Sales, Marketing, and Finance to design, test & implement pricing models aligned with business objectives, competitive dynamics, and customer needs. The ideal candidate will have extensive experience in pricing strategy, data analysis, and a proven track record of driving revenue growth through strategic pricing initiatives
WHAT YOU'LL DO
Pricing Strategy Design & Implementation
- Design and implement a standardized pricing strategy across multiple solutions that reflects product and platform value, channel partner needs & ensures consistency across all products and services.
- Lead the development and use of pricing models based on deep data analysis. Leverage internal and external data sources, including sales trends, cost & discount structures, and customer segmentation, to optimize pricing across the organization.
- Collaborate with Product, Sales, Channel, Marketing, Finance, and Operations teams to gather insights, test & validate assumptions, and ensure alignment of pricing strategies with broader business initiatives.
- Lead the development and implementation of standardized pricing processes and tools to ensure efficiency, scalability, and consistency across the organization.
- Research & test pricing strategies to support multi-product adoption & cross-selling, resulting in increased portfolio adoption by Fortra’s customers.
Market & Competitive Analysis
- Analyze market conditions, customer behavior, competitor pricing, and cost structures to recommend pricing adjustments and strategies to drive competitive advantage/optimize profitability.
- Conduct comprehensive market research to stay updated on industry trends, competitive pricing tactics, and emerging market opportunities and threats.
- Establish and maintain pricing governance frameworks to ensure compliance with company policies, industry regulations, and legal guidelines. Monitor and enforce adherence to pricing strategies across different departments.
Pricing Profitability & Optimization
- Analyze the impact of price changes on customer behavior, revenue, and margin, and refine pricing strategies accordingly.
- Collaborate with cross-functional teams to forecast and track the financial impact of pricing decisions on revenue and profitability. Present reports and insights into senior and executive leadership.
- Establish and lead initiatives for continuous pricing optimization, including A/B testing, price sensitivity analysis, and competitive benchmarking.
- Advise on contract negotiations, discount strategies, and special pricing arrangements as needed.
QUALIFICATIONS
- Bachelor's degree in Business, Economics, Finance, Marketing, or a related field
- Minimum of 5 years of experience in pricing strategy, revenue management, or related roles, with a proven track record of developing and executing successful pricing strategies
- Experience in Technology, Cybersecurity or SaaS software companies
- Strong analytical and quantitative skills
- Proficiency in advanced Excel or other data analysis tools. Familiarity with pricing software (e.g., PROS, Vendavo, or similar) is a plus
- Strong ability to collaborate and communicate across teams and influence decision-making at all levels
- Experience with international and global market pricing needs as well as dynamic pricing, subscription-based models or SaaS pricing strategies
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