Job Opportunities in South Africa
September 12, 2024
Bridgestone
Johannesburg
FULL TIME
Pricing Specialist
Pricing Specialist
POSITION SNAPSHOT
Job Req ID: 53013
Type of work: Hybrid
Type of contract: Open-ended/permanent
Full/Part Time: Full time
Location: Johannesburg, ZA
POSITION DESCRIPTION
Job Purpose
The Pricing Specialist is responsible for supporting the development and implementation of pricing strategies that maximize the company's profitability and market competitiveness.
This role involves analyzing market trends, gathering data, maintaining pricing models and tools, and working closely with cross-functional teams to ensure pricing accuracy and effectiveness.
This role involves analyzing market trends, gathering data, maintaining pricing models and tools, and working closely with cross-functional teams to ensure pricing accuracy and effectiveness.
Key Job Responsibilities
-
Pricing Strategy Support:
- Assist in developing and implementing pricing strategies that align with the company’s financial and business goals
- Gather and analyze data to support pricing decisions and strategy formulation
- Assist in developing and managing List price tools for current and upcoming products which optimize the best price positioning in market and reflects the value and positioning of our brand and products
- Update tools to manage price conditions (discounts, rebates) and work in close collaboration with sales teams and regional pricing teams to support price offers to customers
- Assist in designing and regular updates of price variance (Dn R) reporting
- Assist in managing price-cost variances to ensure current and future profitability
-
Market and Competitive Analysis:
- Conduct market research to identify pricing opportunities and threats
- Monitor competitor pricing strategies and market trends to ensure the company remains competitive
-
Data Analysis and Reporting:
- Analyze pricing data and financial metrics to assess the impact of pricing decisions
- Prepare and present pricing reports and recommendations to management
-
Collaboration with Cross-Functional Teams:
- Work closely with sales, marketing, finance, and product development teams to ensure pricing strategies align with overall business objectives
- Provide pricing support and guidance to sales teams during negotiations and bid processes
-
Pricing Process Management:
- Maintain and update pricing models, tools, and databases
- Ensure adherence to pricing policies and procedures across the organization, providing training to the internal stakeholders
-
Profitability and Revenue Analysis:
- Evaluate the profitability of products and services and make recommendations for price adjustments
- Assist in implementing strategies to optimize revenue and profit margins
-
Customer and Channel Pricing:
- Support the implementation of tailored pricing strategies for different customer segments and sales channels
- Assist in managing discount structures, promotions, and special pricing arrangements
-
Policy and Compliance:
- Ensure pricing strategies comply with legal and regulatory requirements
- Maintain documentation of pricing decisions and policies for audit purposes
-
Continuous Improvement:
- Continuously evaluate and improve pricing processes and strategies
- Stay updated with industry best practices and pricing innovations
Additional Responsibilities
May be discussed with the Line Manager to support Individual Development Goals.
Key Competencies Required for the Role
Sales Competencies
Proficiency
Commercial Operations
Proficiency
Selling & Negotiating
Knowledge
Commercial & Economic Acumen
Skill
Channel Management
Knowledge
Value Chain Understanding
Mastery
Key Account Management
Knowledge
Managing Customer Experience
Knowledge
Applying Value Proposition
Knowledge
Pricing & Exposure Management
Skill
Value Added Selling
Knowledge
Project Delivery
Knowledge
Contract Management
Knowledge
Applying Technical Capability
Knowledge
Generating Insights
Mastery
Leadership Attributes
Proficiency
Lead
Knowledge
Empower
Knowledge
Advance Results
Skill
Develop Connections
Skill
Education and Experience
Bachelor’s degree in Business, Engineering, Marketing, Economics, acturial science, or Finance.
Minimum 1-4 years of proven work experience as Pricing coordinator/analyst, market intelligence, Sales, Finance, preferably within the tyre manufacturing industry or related sectors.
Minimum 1-4 years of proven work experience as Pricing coordinator/analyst, market intelligence, Sales, Finance, preferably within the tyre manufacturing industry or related sectors.
MORE INFORMATION
All applications will be reviewed. Our Recruitment team will contact the suitable applicants for the next step of the recruitment process.We are looking forward to hearing from you!
DISCLAIMER
Diversity and inclusion are a central part of Bridgestone EMEA’s values at the highest level. This is key for our people to show a passion for excellence for improving society connected to the world in which we live. Our commitment to diversity, is linked to our founders mission of ‘Serving Society with Superior Quality’, which is essential in shaping and creating the organization, serving all people, respectfully, connected to our business. We recognize that everyone is different and that attracting, developing and retaining our employees will create a sustainable working environment which is essential to our success. This means that all job applicants and members of staff will receive equal treatment and that we will not discriminate in particular on grounds of gender, marital status, race, ethnic origin, color, nationality, national origin, disability, sexual orientation, religion or age. We regret to inform you that this job opportunity is no longer available
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