A Pricing Manager develops and implements pricing techniques to maximize profitability and market proportion. Responsibilities encompass analyzing marketplace tendencies, tracking competitor pricing, putting the most suitable fees, and collaborating with sales, marketing, and finance teams to make certain cohesive pricing rules. Strong analytical abilties and industry expertise are critical for this function.
- Job Role: Pricing Manager
- Salary: ₹27.4 Lakhs Per Year
- Location: Bengaluru, Karnataka
- Company: EY
- Qualification: MBA
About Company:
Ernst & Young (EY) is a global leader in guarantee, tax, transaction, and advisory offerings. With over 300,000 specialists across more than 150 nations, EY specializes in building a better operating internationally with the aid of supplying first-rate services that assist build trust and self-assurance in capital markets and economies global. The company is famend for its dedication to variety, innovation, and delivering extremely good consumer prices.
Role Overview:
As a Pricing and Commercial Manager at EY in Bengaluru, you’ll lead monetary strategy and pursuit aid for complex opportunities, shaping competitive pricing, industrial fashions, and negotiation techniques. With 8-10+ years of monetary evaluation experience, inclusive of robust talent in economic modeling and deal structuring, you may pressure cost propositions and manage stakeholder relationships successfully. Join an international group at EY GDS, contributing to transformative business answers and fostering a better running international through revolutionary consulting offerings.
Roles and Duties Of Pricing Manager:
Developing Pricing Strategies:
A Pricing Manager creates and implements pricing techniques that align with the enterprise’s commercial enterprise goals. This includes studying marketplace traits, competitor pricing, and patron demand to set fees that maximize profitability and marketplace proportion.
Market Analysis:
Conducting thorough market studies is crucial to understanding enterprise tendencies, aggressive panorama, and patron conduct. This enables making informed decisions approximately pricing modifications and promotions.
Revenue Management:
Monitoring and dealing with sales streams is a key responsibility. This consists of setting charges for brand-spanking new products, adjusting present product expenses, and growing bargain and promotional techniques to drive income while maintaining earnings margins.
Collaboration with Sales and Marketing Teams:
Pricing Managers work intently with income and advertising teams to make certain that pricing techniques are efficiently communicated and carried out. They offer insights and training on pricing strategies and help the improvement of income pitches and advertising campaigns.
Financial Analysis and Reporting:
Regularly analyzing economic facts to assess the effect of pricing selections on the enterprise’s backside line is critical. Pricing Managers put together reviews and forecasts, imparting findings to senior control to manual strategic choice-making.
Qualification:
Education: An MBA or equivalent qualification in Accounting.
Experience and Expertise: 8-10+ years in financial analysis within professional services, with proficiency in financial modeling, accounting, and budgeting.
Skills Required For Pricing Manager:
Analytical Skills:
A Pricing Manager ought to be adept at reading market trends, income data, and financial metrics to make facts-pushed pricing selections. Strong analytical capabilities enable them to become aware of patterns, forecast demand, and assess the effect of pricing changes on revenue and profitability.
Strategic Thinking:
This skill includes the potential to suppose a long period and apprehend the wider enterprise context. Pricing Managers should broaden and execute techniques that align with the business enterprise’s goals, considering aggressive positioning, market dynamics, and consumer behavior.
Market Knowledge:
Understanding the marketplace is critical. This includes knowledge of competitors’ pricing, enterprise requirements, and economic elements that affect pricing choices. A Pricing Manager needs to stay updated on market trends and regulate techniques accordingly.
Communication Skills:
Effective conversation is vital for participating with diverse departments, such as sales, advertising and marketing, and finance. A Pricing Manager needs to clearly articulate pricing techniques, justify selections, and ensure alignment across the enterprise.
Technical Proficiency:
Familiarity with pricing software, facts analysis gear, and CRM structures is critical. Technical skills enable a Pricing Manager to leverage the era for accurate pricing fashions, reporting, and automation of pricing processes.
Why EY?
Global Exposure: EY offers exposure to various industries and international markets, improving your professional level.
Career Growth: Opportunities for professional development and professional development are considerable, with a clean route for the boom.
Innovative Culture: EY fosters innovation and encourages fresh ideas, offering a dynamic work environment.
Impactful Work: You’ll engage in significant tasks that affect customers and make a contribution to their enterprise strategies.
Collaborative Environment: Collaborate with gifted groups globally, fostering knowledge of and teamwork.
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