What are the responsibilities and job description for the Pricing Manager position at Radwell International, Inc.?
Job Description
Who We Are :
At Radwell, we've been shaping a brighter future for industry for over 45 years. As a global leader in Automation, MRO (Maintenance, Repair, and Operations) and Electrical solutions, we're committed to providing top-notch services to our customers. We help customers maximize their uptime and performance, supplying new and pre-owned parts, including obsolete and hard-to-find items. Additionally, our sophisticated repair technicians can repair customers' parts and get those back into production quickly. Radwell is a global business with locations throughout the United States, Canada, Mexico, and Europe. Come challenge yourself and be a part of our rapid growth story.
The position is full-time and will be based at our Chicago-area location in Downers Grove, IL.
Job Overview :
We are seeking a highly analytical and results-drivenPricing Managerto join our team. In this role, you will be responsible for leveraging data science, advanced analytics, and machine learning techniques to develop and optimize pricing strategies that maximize profitability, improve market competitiveness, and align with business objectives. The ideal candidate will have strong leadership capabilities, a deep understanding of pricing science, and a proven ability to manage teams to deliver high-impact, data-driven pricing solutions.
Key Responsibilities :
- Team Leadership : Manage and mentor a team of pricing analysts, fostering a culture of collaboration and continuous improvement.
- Pricing Strategy and Optimization : Lead and manage the creation of data-driven pricing strategies that align with the company's revenue and profit goals, taking into account market conditions, customer behavior, and competitor pricing. Build in house price optimization engine applying machine learning and optimization techniques to determine optimal pricing and discounting strategies for products and services
- Data Analysis & Insights : Analyze large (sometimes messy and incomplete) datasets, including sales, customer, and market data, to uncover insights and trends that can inform pricing decisions. Build and maintain pricing models to forecast demand elasticity, optimize price points, and identify opportunities for margin improvement.
- Competitive Intelligence : Oversee market research and competitive benchmarking to ensure pricing strategies are aligned with market trends and customer behaviors.
- Collaboration : Work closely with cross-functional teams such as Marketing, Product, and Finance to ensure pricing strategies are aligned with overall business objectives and market positioning.
- Reporting & Presentation : Prepare and present pricing analysis, insights, and recommendations to senior management and key stakeholders, ensuring that data-driven decisions are easily understood and actionable.
- Continuous Improvement : Stay current with developments in data science, machine learning, and pricing methodologies. Continuously assess the performance of pricing strategies and iterate based on feedback and market conditions.
Qualifications : Education :
Experience :
Skills & Competencies :
