Pricing Specialist

Arabian Automobiles Co llc; Dubai; On-site; AED 60,000 - 100,000; Full time

Job summary

An established industry player is seeking a Pricing Analyst to enhance profitability through effective pricing strategies for spare parts. This role involves analyzing market trends, competitor pricing, and customer behaviors to inform strategic decisions. You'll work closely with various departments to ensure alignment with business objectives while utilizing advanced data analytics tools, including Syncron, to optimize pricing management. If you have a strong analytical mindset and a passion for driving continuous improvement in pricing processes, this opportunity is perfect for you. Join a dynamic team and make a significant impact on market competitiveness and customer satisfaction.

Qualifications

• Bachelor's degree in Business Administration or related field required.
• Experience in pricing analysis within the automotive industry is a must.

Responsibilities

• Develop and implement pricing strategies for spare parts.
• Monitor pricing performance metrics and KPIs for effectiveness.
• Collaborate with Sales, Marketing, and Finance teams on pricing.

Skills

Analytical Skills

Communication Skills

Project Management

Strategic Thinking

Detail-oriented

Education

Bachelor’s degree in Business Administration

Master’s degree (preferred)

Tools

Excel

Syncron

Data Analysis Tools

Job description

• 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