Degree Names
Bachelor's in Business Administration
Description
Analyze market trends and competitor pricing to develop effective pricing strategies.
Collaborate with sales, marketing, and finance teams to set optimal product pricing.
Maintain and update pricing databases and ensure accurate data management.
Prepare pricing reports for management and assess profitability impacts.
Support the sales team with pricing queries and provide insights to improve margins.
Responsibilities
Job Responsibilities:
- Analyze market trends, competitor pricing strategies, and industry demand to determine optimal pricing structures for products and services.
- Monitor the impact of price changes and promotional campaigns on sales performance and profitability.
- Collaborate with sales, marketing, and finance teams to develop pricing strategies that align with company goals and market dynamics.
- Recommend price adjustments or promotions based on market conditions and internal objectives.
- Assess product cost structures and calculate margins to ensure pricing decisions contribute to profitability targets.
- Review and evaluate cost variations in raw materials or production to maintain competitive pricing.
- Maintain accurate and up-to-date pricing databases, ensuring data integrity across product lines.
- Prepare regular reports on pricing performance, margins, and profitability for management review.
- Provide support to the sales team by offering pricing insights and responding to pricing-related queries.
- Communicate and justify pricing decisions to internal stakeholders and external customers as needed.
- Continuously monitor pricing processes and suggest improvements to enhance efficiency and accuracy.
- Stay updated with market trends, pricing tools, and industry best practices to optimize pricing methods.
Requirements
- Bachelor’s degree in Finance, Business Administration, Economics, or a related field.
- A certification in Pricing, Marketing, or a relevant discipline would be an advantage.
- 2-3 years of experience in pricing, financial analysis, or a similar role in a corporate setting.
- Experience in industries like Shipping Line and sea Transporation is preferred.
