Pricing Specialist

4 months ago

Johannesburg, South Africa Bridgestone Full time

**Pricing Specialist**:
**POSITION SNAPSHOT**:

- JobReq ID: 53013- Type of work: Hybrid- Type of contract: Open-ended/permanent- Full/Part Time: Full time- Location: Johannesburg, ZA:
**Job Purpose**

The Pricing Specialist is responsible for supporting the development and implementation of pricing strategies that maximize the company's profitability and market competitiveness.

This role involves analyzing market trends, gathering data, maintaining pricing models and tools, and working closely with cross-functional teams to ensure pricing accuracy and effectiveness.

**Key Job Responsibilities**
- **Pricing Strategy Support**:

- Assist in developing and implementing pricing strategies that align with the company’s financial and business goals
- Gather and analyze data to support pricing decisions and strategy formulation
- Assist in developing and managing List price tools for current and upcoming products which optimize the best price positioning in market and reflects the value and positioning of our brand and products
- Update tools to manage price conditions (discounts, rebates) and work in close collaboration with sales teams and regional pricing teams to support price offers to customers
- Assist in designing and regular updates of price variance (DnR) reporting
- Assist in managing price-cost variances to ensure current and future profitability
- **Market and Competitive Analysis**:

- Conduct market research to identify pricing opportunities and threats
- Monitor competitor pricing strategies and market trends to ensure the company remains competitive
- **Data Analysis and Reporting**:

- Analyze pricing data and financial metrics to assess the impact of pricing decisions
- Prepare and present pricing reports and recommendations to management
- **Collaboration with Cross-Functional Teams**:

- Work closely with sales, marketing, finance, and product development teams to ensure pricing strategies align with overall business objectives
- Provide pricing support and guidance to sales teams during negotiations and bid processes
- **Pricing Process Management**:

- Maintain and update pricing models, tools, and databases
- Ensure adherence to pricing policies and procedures across the organization, providing training to the internal stakeholders
- **Profitability and Revenue Analysis**:

- Evaluate the profitability of products and services and make recommendations for price adjustments
- Assist in implementing strategies to optimize revenue and profit margins
- **Customer and Channel Pricing**:

- Support the implementation of tailored pricing strategies for different customer segments and sales channels
- Assist in managing discount structures, promotions, and special pricing arrangements
- **Policy and Compliance**:

- Ensure pricing strategies comply with legal and regulatory requirements
- Maintain documentation of pricing decisions and policies for audit purposes
- **Continuous Improvement**:

- Continuously evaluate and improve pricing processes and strategies
- Stay updated with industry best practices and pricing innovations

**Additional Responsibilities**

May be discussed with the Line Manager to support Individual Development Goals.

**Key Competencies Required for the Role**

**Sales Competencies**

**Proficiency**

**Commercial Operations**

**Proficiency**

Selling & Negotiating
- Knowledge_

Commercial & Economic Acumen
- Skill_

Channel Management
- Knowledge_

Value Chain Understanding
- Mastery_

Key Account Management
- Knowledge_

Managing Customer Experience
- Knowledge_
- Knowledge_

Pricing & Exposure Management
- Skill_

Value Added Selling
- Knowledge_

Project Delivery
- Knowledge_

Contract Management
- Knowledge_
- Knowledge_

Generating Insights
- Mastery_

**Leadership Attributes**

**Proficiency**

**Lead**
- Knowledge_

**Empower**
- Knowledge_

**Advance Results**
- Skill_

**Develop Connections**
- Skill_

**Education and Experience**

Bachelor’s degree in Business, Engineering, Marketing, Economics, acturial science, or Finance.

Minimum 1-4 years of proven work experience as Pricing coordinator/analyst, market intelligence, Sales, Finance, preferably within the tyre manufacturing industry or related sectors.

**MORE INFORMATION**:
**We are looking forward to hearing from you**

**DISCLAIMER**:
Diversity and inclusion are a central part of Bridgestone EMEA’s values at the highest level. This is key for our people to show a passion for excellence for improving society connected to the world in which we live. Our commitment to diversity, is linked to our founders mission of ‘Serving Society with Superior Quality’, which is essential in shaping and creating the organization, serving all people, respectfully, connected to our business. We recognize that everyone is different and that attracting, developing and retaining our employees will create a sustainable working environment which is essential to our success. This means that all job applicants and member

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