Pricing Specialist (Automotive)

AW Rostamani Holdings Co LLC; Dubai; On-site; AED 120,000 - 200,000; Full time

Job summary

A leading local group of companies in the Middle East seeks a Pricing Analyst to develop and implement strategies for spare parts pricing. The role includes market analysis, collaboration with sales, and utilizing data tools for pricing optimization. The ideal candidate will have a relevant Bachelor's degree and experience in pricing within automotive sectors.

Qualifications

• Proven experience in pricing analysis and strategy development.
• Strong proficiency in data analysis tools and Excel.
• Knowledge of pricing dynamics in the automotive industry.

Responsibilities

• Support developing and implement pricing strategies for spare parts.
• Conduct market trends analysis and inform pricing decisions.
• Monitor pricing performance metrics and KPIs.

Skills

Analytical skills

Data analysis

Communication

Interpersonal skills

Project management

Education

Bachelor's degree in business administration

Master's degree preferred

Tools

Excel

Syncron

Job description

Bachelor of Commerce(Commerce), Bachelor of Business Administration(Management), Master of Commerce(Commerce)

Nationality

Any Nationality

Any

Vacancy

1 Vacancy

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.

Desired Candidate Profile

• 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

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One of the leading local group of companies in Middle East