Develop and implement global pricing strategies that align with the company's goals and market conditions.
Analyze market trends, competition, and customer behavior to inform pricing decisions.
Ensure pricing strategies are consistent with the company's brand positioning and financial targets.
Conduct in-depth market research to understand regional variations in consumer purchasing power, competitors' pricing, and local market conditions.
Assess the impact of currency fluctuations on pricing and profitability.
Monitor global pricing trends, adjusting strategies as necessary to remain competitive.
Create and manage sophisticated pricing models and tools to evaluate pricing scenarios across various regions.
Work with analytics teams to leverage data for pricing optimization.
Utilize pricing software or systems for automated pricing updates.
Work closely with sales, marketing, and finance teams to ensure alignment between pricing strategies and business objectives.
Support sales teams with pricing tools, training, and guidelines for negotiations in international markets.
Ensure compliance with global and local pricing regulations, including anti-price gouging laws, VAT/ sales tax compliance, and price transparency requirements.
Stay up to date on international trade policies and tariffs that might effect pricing.
Communicate pricing updates and relations effectively with internal stakeholders (sales, marketing, finance).
Requirements:
A bachelor's degree in business, economics, finance or a related field is typically required.
A master's degree (MBA) or equivalent in a business-related discipline can be beneficial.
3-7 years of experience in pricing management, business strategy, or financial analysis, ideally with exposure to global markets.
Experience in industries such as retail, technology, consumer goods, manufacturing, or any sector where product pricing across international market is crucial.
Prior experience with global or regional pricing strategy development is preferred.
Experience working with cross-functional teams (sales, finance, marketing) to implement pricing strategies.