Pricing Manager

JR United Kingdom; London; On-site; GBP 100,000 - 125,000; Full time

Job summary

An established industry player is seeking a Pricing Manager to oversee pricing strategies for commodities trading. This pivotal role involves collaborating with trading, sales, and purchasing teams to ensure competitive pricing aligned with market trends. The ideal candidate will possess a Chartered Accountant qualification and have extensive experience in pricing management, particularly within the commodities sector. You will engage in market analysis, risk management, and vendor negotiations, ensuring profitability while maintaining compliance with financial regulations. Join a dynamic environment where your expertise will drive strategic pricing initiatives and contribute to the company's success.

Qualifications

• 5-7 years of experience in pricing management or commodities trading.
• Strong analytical and quantitative skills for pricing models.

Responsibilities

• Develop and implement pricing strategies for commodities.
• Analyze market trends and provide pricing updates.

Skills

Analytical Skills

Communication Skills

Attention to Detail

Teamwork and Collaboration

Education

Chartered Accountant (CA)

Tools

Microsoft Excel

Pricing Software

Financial Modeling Tools

Job description

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Our client is a leading global player in the ferrous and non ferrous industries, providing high-quality products and services to customers worldwide.

The pricing manager will play a key role in managing the pricing strategy for commodities trading division, with a focus on ferrous, non-ferrous, and other related commodities. The Pricing Manager will work closely with our trading, purchasing, sales, and shipping teams to provide accurate, competitive, and market-driven pricing recommendations while ensuring profitability and aligning with market trends.

Key Responsibilities:

• Pricing Strategy Development: Develop, implement, and monitor pricing strategies for and related commodities, ensuring they are competitive and in line with market conditions.
• Market Analysis: Continuously analyze market trends, commodity price fluctuations, and economic conditions to provide timely and informed pricing updates.
• Collaboration with Trading and Sales Teams: Work closely with the trading, sales, and purchasing teams to align pricing strategies with sales goals and procurement requirements.
• Risk Management: Assess pricing risks and develop strategies to mitigate any exposure to price volatility in the commodities market.
• Costing and Margin Analysis: Ensure accurate costings for the products, monitor profit margins, and optimize pricing to maximize profitability.
• Data Management and Reporting: Prepare and maintain detailed pricing models, reports, and dashboards. Provide regular updates to senior management on market conditions, price trends, and margin analysis.
• Vendor and Client Negotiations: Assist in negotiations with vendors, clients, and shipping partners to ensure optimal pricing agreements and favorable terms.
• Compliance and Audit: Ensure compliance with internal financial controls and external regulatory requirements related to pricing practices.
• Continuous Improvement: Stay updated on industry best practices, new technologies, and pricing methodologies to drive improvements in the pricing process.

Qualifications:

• Chartered Accountant (CA): Must have a CA qualification with a strong understanding of financial principles, costing, and margin analysis.
• Experience: At least 5-7 years of experience in pricing management, commodities trading, or the steel/coal industry.
• Industry Knowledge: Solid understanding of the commodities trading landscape, including market dynamics, pricing models, and economic factors affecting pricing in the steel and coal sectors.
• Analytical Skills: Strong analytical and quantitative skills with the ability to develop pricing models, perform margin analysis, and evaluate financial impacts of pricing decisions.
• Communication Skills: Excellent written and verbal communication skills with the ability to present complex pricing information to both technical and non-technical stakeholders.
• Software Proficiency: Familiarity with pricing software, financial modeling tools, and Microsoft Excel at an advanced level.
• Teamwork and Collaboration: Ability to work cross-functionally with various teams, including sales, trading, and operations, to drive pricing strategies and business goals.
• Attention to Detail: High level of attention to detail, with a focus on accuracy in financial reporting and pricing decisions.

Preferred Skills and Experience:

• Previous experience in a commodities trading environment or shipping business is highly preferred.
• Familiarity with risk management and hedging strategies in the commodities market.
• Experience with contract negotiations and managing vendor/client relationships.