Pricing Manager - Belts & Chain
Company: The Timken Company
Location: Springfield
Posted on: May 3, 2024
Job Description:
Your Career Begins at Timken
If you're ready for a challenging career that provides you with the
ability to advance personally and professionally, look to Timken.
Our associates make the world more productive by improving the
efficiency and reliability of the machinery that keeps industry in
motion.PurposeAs the Belts & Chain Pricing Manager, you will be
responsible for developing and implementing pricing strategies to
optimize profitability and market competitiveness for our belts and
chain product lines. This role requires an understanding of market
dynamics, competitive landscape, and product positioning. You will
collaborate closely with cross-functional teams including sales,
marketing, and product development to drive revenue growth and
margin expansion. Essential Responsibilities
- Develop and execute pricing strategies for belts and chain
products to achieve revenue and margin targets.
- Conduct thorough market analysis to understand pricing trends,
competitive landscape, and customer preferences.
- Collaborate with sales and marketing teams to develop pricing
structures that align with market demands and company
objectives.
- Monitor and analyze pricing performance metrics, including
sales volume, profitability, and market share, to identify areas
for improvement.
- Work closely with product development teams to assess cost
structures and recommend pricing adjustments accordingly.
- Provide regular reports and analysis to senior management on
pricing performance, market trends, and competitive
positioning.
- Stay updated on industry trends, regulatory changes, and market
dynamics that may impact pricing strategies.
- Drive cross-functional initiatives to improve pricing
processes, tools, and systems to enhance overall efficiency and
effectiveness. Technical/Functional Skills
- Pricing Strategy Development: Ability to formulate pricing
strategies that align with business objectives, considering factors
such as market demand, competitive positioning, and product
lifecycle
- Market Analysis: Proficiency in conducting comprehensive market
analysis, including pricing trends, competitor pricing strategies,
customer preferences, and market segmentation.
- Data Analysis: Strong analytical skills to interpret complex
data sets, including sales data, cost structures, and profitability
analysis, to identify pricing opportunities and risks.
- Financial Acumen: Understanding of financial principles and
metrics such as gross margin, net profit margin, pricing
elasticity, and return on investment (ROI) to make informed pricing
decisions.
- Cross-Functional Collaboration: Effective communication and
collaboration skills to work closely with sales, marketing, product
development, and finance teams to align pricing strategies with
overall business goals.
- Strategic Thinking: Capacity to think strategically and
anticipate market trends and competitive threats to proactively
adjust pricing strategies and tactics.
- Project Management: Strong organizational skills to manage
multiple pricing projects simultaneously, prioritize tasks, and
meet deadlines effectively.
- Technology Proficiency: Familiarity with pricing analytics
tools, customer relationship management (CRM) systems, and
enterprise resource planning (SAP) software to conduct analysis and
implement pricing strategies efficiently.
- Continuous Improvement: Commitment to ongoing learning and
improvement, staying updated on industry best practices, emerging
technologies, and market trends to optimize pricing strategies and
processes Basic Qualifications
- Bachelor's degree in: Business Administration, Finance,
Economics, Marketing, or a related field
- Preferred Master's Degree
- Preferred certification in: Pricing strategy, analytics, and
implementation
- Preferred experience in
- Pricing Management roles within the industrial, manufacturing,
or distribution sectors is highly recommended
- Product management will be beneficial, particularly if it
involved pricing strategy development, market analysis, and
cross-functional collaboration with sales, marketing, and product
development teams
- Minimum of 3-5 years leadership experience All qualified
applicants shall be treated equally according to their individual
qualifications, abilities, experiences and other employment
standards. There will be no discrimination due to gender or gender
identity, race, religion, color, national origin, ancestry, age,
disability, sexual orientation, veteran/military status or any
other basis protected by applicable law.
Keywords: The Timken Company, Springdale , Pricing Manager - Belts & Chain, Executive , Springfield, Arkansas
Didn't find what you're looking for? Search again!
Loading more jobs...