Our client a leading multi-billion-dollar manufacturer of medical products seeks a Senior Director, Strategic Market Pricing.
Responsibilities: Essential Duties
- Has comprehensive knowledge of pricing processes and systems.
- Uses comprehensive, depth and breadth of pricing science understanding to drive enablement of innovative strategic pricing approaches.
- Understands and anticipates implication/impact of market conditions, field response and competitive response in support of pricing strategies.
- Creates analysis and recommendations that create new value opportunities.
- Reviews market trends, customer insights and profitability analytics to ensure reasonableness of findings and seeks cross functional input in pricing development strategies.
- Clearly articulates and reinforces pricing strategies throughout the organization.
- Maintains strong communication across the Marketing, Sales, Finance and Executive team.
- Provides subject matter expertise to the commercial teams on pricing strategy and implementation.
- Develops and drive data driven pricing guidelines /tools for the commercial teams.
- Develops tools to guide the commercial teams in developing pricing strategies, implement pricing improvement programs and track impact including scenario impact models on pricing and profitability within key markets, customers and channels.
- Develops pricing SOP’s.
- Leads annual review of current pricing strategies and development of recommendations for next calendar year.
- Prepare executive level reports of findings and opportunities to increase price attainment.
- Provide analysis and support for pricing initiatives including setting list price and customer specific strategies.
- Partners with product launch teams to determine new product pricing positioning optimizing price and value.
- Provide ad hoc analysis as required.
- Works with master data to ensure accuracy of pricing information in business systems.
Expertise: Knowledge & Skills
- Comprehensive knowledge of pricing processes and systems
- Demonstrates knowledge of broader set of business economic, intelligence and analytic techniques
- Strong commercial orientation with a balance of pricing and business management capabilities
- Ability to work cross-functionally and effectively influence and partner
- Strategic thinker and problem solver
- Detailed oriented, organized and analytical. Ability to handle multiple projects at the same time
- Ability to drive projects to successful completion
- Ability to perform advanced analysis required
- Excellent communication skills
- Excellent Excel, Database, Microsoft Office, Visual Basic, Access skills
- Strong interpersonal communication skills
Qualifications:
Expertise: Qualifications – Experience/Training/Education/Etc
Required:
- Bachelor’s degree (BA/BS) from four-year college or university in marketing, business or related field with focus on finance.
- Minimum 7-8 years of work experience in related field.
- Medical/pharmaceutical sales and medical/pharmaceutical business experience. New product development/product launch experience, marketing and or sales experience, new product development/product launch experience, marketing personnel management.
- 4 Marketing personnel management experience.
- Business travel, driver’s license, passport, secrecy and invention agreement, and non-compete agreement.
Desired
- Advanced degree preferred.