Job Title: Director of Pricing
Location: Oak Brook, IL
About Us:
LHH is hiring a Pricing Director for a leading manufacturing company dedicated to customer satisfaction. With a strong commitment to innovation and quality, we serve a national customer base and are poised for continued growth in the industry.
Job Description:
We are seeking a strategic and analytical Director of Pricing to join our dynamic team. The Director of Pricing will play a pivotal role in shaping our pricing strategy and maximizing profitability across our product lines. This position requires a deep understanding of market dynamics, competitive positioning, and financial analysis within the manufacturing sector.
Responsibilities:
- Develop Pricing Strategy: Formulate and implement pricing strategies that align with business objectives, market conditions, and competitive landscape.
- Market Analysis: Conduct thorough market research and analysis to identify pricing opportunities and threats. Monitor industry trends and competitive pricing strategies.
- Financial Modeling: Utilize financial modeling techniques to evaluate pricing scenarios, profitability impact, and revenue optimization strategies.
- Cross-functional Collaboration: Collaborate closely with sales, marketing, finance, and product teams to align pricing strategies with overall business goals and customer expectations.
- Pricing Analytics: Implement pricing analytics tools and methodologies to track performance metrics, measure pricing effectiveness, and identify areas for improvement.
- Price Setting and Execution: Lead the process of setting prices for new and existing products. Develop pricing guidelines and policies to ensure consistency and transparency.
- Competitive Intelligence: Monitor competitor pricing strategies and market dynamics to proactively adjust pricing strategies as needed.
- Team Leadership: Manage and mentor a team of pricing analysts and specialists. Foster a culture of continuous improvement and knowledge sharing within the pricing team.
Qualifications:
- Education: Bachelor’s degree in Finance, Accounting or related field. Master’s degree preferred.
- Experience: Minimum of 8 years of experience in pricing strategy, financial analysis, or related fields within the manufacturing industry. Previous leadership experience required.
- Analytical Skills: Strong analytical and quantitative skills with proficiency in financial modeling and data analysis tools.
- Strategic Thinker: Ability to think strategically and develop long-term pricing strategies aligned with business objectives.
- Communication Skills: Excellent verbal and written communication skills. Ability to effectively communicate pricing strategies and recommendations to senior management.
- Team Leadership: Proven track record of leading and developing high-performing teams. Experience in fostering a collaborative and inclusive team environment.
- Systems skills SQL, Tableau, PowerBI are preferred.
