Pricing Manager

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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.