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Commercial Pricing Manager
StarGuide HR Consulting Limited
Product & Project Management
Lagos Full Time
Banking, Finance & Insurance NGN 1,500,000 - 2,000,000 Negotiable
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Job Summary
The Commercial Pricing Manager plays a vital role in driving profitability and revenue growth for the company by developing and implementing effective pricing strategies. They are responsible for analyzing market dynamics, assessing competitor pricing strategies, and optimizing pricing models to maximize profitability.
- Minimum Qualification : Degree
- Experience Level : Mid level
- Experience Length : 3 years
Job Description/Requirements
Responsibilities:
- Conduct thorough market research to understand customer demand, industry trends, and competitor pricing strategies.
- Develop pricing strategies across all products that align with business goals and objectives, considering factors such as costs and desired profit margins.
- Continuously monitor pricing data and performance metrics to identify opportunities for price optimization and revenue maximization.
- Analyze competitor pricing strategies and adjust pricing tactics accordingly to maintain competitiveness in the market.
- Collaborate with sales, product, and Research and Development teams to develop pricing tactics that drive sales volume and revenue growth
- Track key performance indicators (KPIs) such as sales volume, revenue, profit margins, and market share to assess the effectiveness of pricing strategies
- Work closely with cross-functional teams to ensure alignment of pricing strategies with overall business objectives and market dynamics. Develop and implement pricing strategies for new product launches, promotional campaigns, and market expansions.
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Requirements
- Bachelor's degree in Business Administration, Finance, Economics, Marketing, or a related field. A Master's degree or MBA may be preferred for some positions.
- 3-5 years of experience in pricing analysis, revenue management, or related roles, preferably in the financial service industry.
- Professional certifications such as Certified Pricing Professional (CPP) or Certified Pricing Strategy Analyst (CPSA) may be advantageous.
- Experience with pricing strategy development, implementation, and optimization.
- Demonstrated track record of success in driving revenue growth and profitability through effective pricing strategies.
- Experience in cross-functional collaboration with sales, marketing, finance, and product management teams.
- Familiarity with regulatory and compliance requirements related to pricing and contracts.
- Proficiency in statistical analysis, financial modeling, and forecasting techniques to assess pricing strategies and their impact on profitability
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