What are the responsibilities and job description for the Pricing Lead position at Sauer Brands, Inc.?
Overall Goal of Position:
The Pricing Lead will work with data sets of various complexity to help the businesses determine and set competitive prices that drive continued strategic gains in market share and achieve both revenue and margin goals. The lead will also support the marketing and commercial team with pricing insights as they relate to category trends, competitive threats and the outcome of pricing changes. This is a role that requires both analytical and presentation skills, the lead would have a cross functional exposure to multiple levels at the company and will need to both perform the analysis and communicate the findings.Job Summary:
The Pricing Lead’s primary role will be to assess data from a variety of sources and using it to derive optimal pricing recommendations that align with Sauer Brands’ strategies and market trends. The lead will also play an important role in helping Sauer Brands forecast revenues, margins, and market share information. The lead will use a variety of quantitative analysis methods to prepare analyses and reports that show the potential impact of various pricing strategies, including their effect on margins, costs and volumes. The lead will also direct the pricing team, serving as the central point of contact for pricing across all channels, and supervising the pricing team. The pricing lead reports director to the Director of Customer Marketing and helps develop strategic pricing initiatives to allow the business unit to achieve its goals.
The lead will stay up-to-date with market trends within the category and the industry as a whole. By actively monitoring pricing trends, the pricing lead will support the creation of strategies that take advantage of identified opportunities and help the company gain market share and/or increase its profitability.
Key Duties and Responsibilities:
Preparing and presenting pricing analyses and recommendations to sales, marketing and SBI leadership.
Supervising and leading all pricing team analysis for the business unit
Collaborate with the sales, commercial, operational, finance and the marketing teams in establishing pricing recommendations that maximize revenue, margins, share and repeat business.
Forecast revenue and margins based on various pricing options, taking into account production costs, overheads, profit margins, and sales volumes.
Create, standardize, assess, and configure processes to improve pricing efficiency, accuracy, and speed to output
Utilize syndicated data (IRI, etc.) and other data sources to analyze competitor pricing, promotions and market trends to identify pricing opportunities that can lead to an increase in market share and profitability.
Driving new product pricing strategy
Support sales and marketing in developing competitive pricing strategies.
Keep informed on pricing analysis methods and industry trends.
Support marketing in performing market, category and brand analysis as needed.
Performance Standards (the criteria that will be used to evaluate performance):
Business Key Performance Indicators
Category Revenue, Margins and Distribution
Brand Health-Share growth, Distribution growth, Velocity per ACV point, channel development, net price growth
Pricing Effectiveness
Pricing and margin optimization
Targeted promo optimization
What you do and how you act
Leadership and contribution to overall success of SBI
Personal Effectiveness-meeting timelines and productivity requirements (quantity and quality of work)
Personal interaction, communication and teamwork with internal and external parties, consistent with OurRecipe@SauerBrands
What We Are Looking For:
Personal Characteristics
Entrepreneurial drive and the desire to “build a business”
Outgoing, energetic, and results oriented personality
Driven and accountable leader, steps up to provide direction and contributes to problem solving
Overall confidence in own abilities and comfortable communicating the facts
Smart, creative, and inquisitive
Integrity-Does the right thing even when no one is looking
Disciplined approach, and accountable for KPIs
No excuses mindset
Dependable team player with positive attitude
Personal values that mesh with SBI values
Passion for consumer goods and food
Performance History
Demonstrated history of excellence in professional and/or academic settings
Can clearly express how their analysis contributed to better business outcomes
Stellar references based on contributions and performance
Demonstrated proficiency in the following Areas:
Ability to present information, internally and externally, in a succinct manner to drive to decision making
Assess and improve processes to improve team efficiency, accuracy, and speed to output
Utilize, potentially incomplete, data to analyze a situation and make a recommendation
Understanding of forecasting methods, models and tools
Ability to work and thrive under time constraints and prioritize responsibilities
Team oriented, collaborative, diplomatic, and flexible
Drive to compete and win every day!
Education & Experience:
BS/BA degree in business or a related quantitative discipline preferred
3-5 years of relevant work experience in a quantitative business field (CPG-specific and/or Center-Store Grocery experience preferred)
High level of computer literacy
Disciplined excel modeling experience
Other:
This position is located and based in Richmond, VA. The candidate will reside in Richmond, VA or a commutable distance to Richmond, VA.
What Is In It For You?
Our company acknowledges talented people are attracted to companies that provide competitive pay, comprehensive benefits packages and outstanding advancement opportunities. For this reason we offer a Comprehensive Benefits Plan that includes the following:
401K
Medical/Dental/Vision Coverage
Vacation, Sick Days and Holidays
Flexible Spending Accounts
Tuition Reimbursement
Employee and Dependent Life Insurance
Voluntary Disability Insurance
Other Voluntary Insurance Options
Sauer Brands, Inc. is an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, age, sex, national origin, disability status, genetics, protected veteran status, sexual orientation, gender identity or expression, or any other characteristic protected by federal, state or local laws.