Director of Pricing

Overview

To develop and execute a comprehensive pricing strategy for Alex Lee at wholesale and retail.

The Pricing Lead will lead the design, development, testing, and roll-out of new pricing approaches and go-to-market strategies.

Assures continuous improvement in error reduction and efficient work processes for stores.

Accountable for pricing strategy and structure.

Responsibilities

• Manage all components surrounding the pricing of products across ALI (processes, systems, reporting, and people)
• Lead the pricing process from start to finish; partnering with our retail banners and MDI
• Identify opportunities to maximize price and margin across all banners
• Develop and manage KPIs to measure effectiveness and outcomes of pricing actions
• Partner with executive-level sales, merchandising, operations, and finance leadership to deliver financial outcomes and operational objectives
• Forecast banner profitability based on pricing and banner strategies, industry trends, and competition
• Work across the organization to provide analytical pricing structures
• Develop pricing expertise with our current systems and develop tools to enhance the execution of our pricing strategies by developing surrounding processes, owners, timelines, and reporting
• Gather and integrate market and competitive insights into pricing and other activities
• Support pricing system enhancements with the IT department
• Develop, implement, and follow up with users on pricing rules through our pricing systems
• Own and manage our price check process to ensure that our competitive data is actionable
• Reporting on our price position and identifying actions needed to meet goals
• Participate in the selection of and facilitate all training for Pricing specialists and analysts

Qualifications

• Bachelor's degree plus 5 years supermarket management and/or pricing experience
• Specific acumen and experience in pricing strategy
• Strong understanding of a broad set of information systems necessary to move from pricing strategy to tools used for successful execution
• Proven ability to work creatively and analytically in a problem-solving environment
• Strong background in both strategy development and execution
• Ability to work cross-functionally and build bridges across the organization
• Strong communication skills, both written and oral.
• Ability to facilitate pricing strategy and execution meetings with cross-functional teams
• Strong organizational and time management skills
• Strong analytical and mathematical skills
• Strong attention to detail
• Interpersonal and leadership skills (creates engagement) necessary to lead change
• Strong talent manager and people / team developer
• Excellent problem-solving skills; ability to resolve issues effectively and efficiently

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