Job Description

Pricing Specialist
Description : Strategic & Tactical Focus Areas:


• Support developing and implement pricing strategies for spare parts to maximize profitability and market competitiveness in both wholesale and retail segments.
• Conduct regular analysis of market trends, competitor pricing strategies, and customer buying behaviours to inform pricing decisions.
• Collaborate with Sales, Marketing, and Finance teams to align pricing strategies with business objectives and market dynamics.
• Utilize data analytics and tools to perform pricing simulations, scenario analysis, and forecasting to support strategic decision-making.
• Implement and maintain the pricing system Syncron, ensuring accurate data input, system updates, and troubleshooting of issues.
• Train and educate team members on the proper use of Syncron for effective pricing management and optimization.
• Monitor pricing performance metrics and KPIs to evaluate the effectiveness of pricing strategies and identify areas for improvement.
• Ensure compliance with pricing policies, legal requirements, and industry standards.
• Drive continuous improvement initiatives in pricing processes and systems to enhance operational efficiency and customer satisfaction.


Daily, Weekly & Monthly Responsibilities :


Pricing Execution and Monitoring


• Attend to all pricing desk requests within a maximum response time of 10 Mins per order
• Ensure all pricing related queries are resolved within 24 hours from the time it was raised.
• Monitor pricing performance and impact on sales and margins.
• Identify and resolve pricing discrepancies and issues.


Daily Reports


• Sales Performance Report: Tracks daily sales figures, average selling prices, and revenue.
• Price Change Impact Report: Evaluates the immediate effect of any price changes on sales volume and revenue.
• Competitor Price Monitoring: Daily updates on competitor pricing for key products.


Weekly Reports


• Revenue and Margin Analysis: Breakdown of weekly revenue, gross margins, and profitability by product line.
• Pricing Variance Report: Analysis of pricing variances and their impact on financial performance.
• Market Trend Report: Insights into weekly market trends and their potential impact on pricing.


Monthly Reports


• Comprehensive Pricing Review: Detailed analysis of monthly pricing performance, including trends, anomalies, and opportunities.
• Price Sensitivity Analysis: Evaluation of how different price points affect sales volume and profitability.
• Customer Segmentation Report: Analysis of pricing performance across different customer segments.
• Forecasting and Budgeting Report: Projections of future pricing trends and their impact on financial planning.
Qualifications :
• Bachelor's degree in business administration, Economics, Finance, or I.T (master's degree preferred)
• Proven experience in pricing analysis, strategy development, and implementation within a spare parts or automotive industry context.
• Strong analytical skills with proficiency in data analysis tools and Excel. Experience with Syncron or similar pricing systems is highly desirable.
• Excellent communication and interpersonal skills, with the ability to collaborate effectively across departments and influence stakeholders.
• Strategic thinker with a keen business acumen and the ability to translate data into actionable insights.
• Detail-oriented with a commitment to accuracy and delivering high-quality work under tight deadlines.
• Experience in project management and change management related to pricing initiatives is a plus.


Knowledge of wholesale and retail pricing dynamics, market trends, and competitive landscape



Organization : National Service Management
Company Name : Arabian Automobiles Co. LLC
Job Posting : Jul 31, 2024