Manager - Pricing
At a Glance
- Category
- 🏦 Finance & Banking
- Level
- Senior
- Experience
- 4+ years
- Type
- Full-time
Before You Apply
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JOB TITLE
Manager - Pricing | MAF Retail | Head Office UAE
ROLE SUMMARY
Responsible for the proper incorporation of the price in the pricing mix being aligned with the company strategy in order to meet the set targets and to remain competitive in the market.
ROLE PROFILE
• Develop/review policies, procedures and processes of pricing, manage pricing procedure, enhance processes and improve efficiency to ensure timely response to market conditions.
• Determine the feasibility and the optimal pricing for new products, thus working closely with the sourcing team.
• Monitor pricing to ensure the objectives are achieved, analyse financial impact of price approach in view of overall history and take corrective measures.
• Monitor competitors’ prices for similar products and recommend / take corrective actions.
• Ensure that the price is following the Margin Mix and its proper incorporation with the commercial strategy.
• Review the pricing analysis on a weekly/monthly basis and work on the development of the price sensitivity list.
• Monitor and analyse the sections/department profitability for every pricing strategy (different zones or clusters).
• Define the “Mass Margin” and the margin by Family/Sub Family taking into consideration category role to ensure high profitability by remaining competitive.
REQUIREMENTS
• Bachelor’s degree in commerce, Finance or Marketing
• 4+ year professional experience in finance or Pricing
• 3+ year experience in Retail or managerial role
• English (Full professional proficiency - Required) Country Language where applicable
WHAT WE OFFER
- At Majid Al Futtaim, we’re on a mission to create great moments, to spread happiness, to build, experiences that stay in our memories for a lifetime. We’re proud to say that over the past 27 years, we have built a reputation as a regional market leader in what we do. Join us!
- Work in a friendly environment, where everyone shares positive vibes and excited about our future.
- Work with over 45,000 diverse and talented colleagues, all guided by our Leadership Model.
Requirements
- •Bachelor’s degree in commerce, Finance or Marketing
- •4+ years professional experience in finance or Pricing
- •3+ years experience in Retail or managerial role
- •Full professional proficiency in English
Responsibilities
- •Develop, review, and manage pricing policies, procedures, and processes
- •Determine feasibility and optimal pricing for new products in coordination with sourcing
- •Monitor pricing to ensure objectives are met and analyze financial impacts
- •Monitor competitor pricing and recommend/take corrective actions
- •Ensure pricing aligns with Margin Mix and commercial strategy
- •Review weekly/monthly pricing analysis and develop price sensitivity lists
- •Analyze department profitability for different zones or clusters
- •Define 'Mass Margin' and margins by Family/Sub Family to ensure profitability
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Majid Al Futtaim is a leading conglomerate in the Middle East, Africa, and Asia. They own, operate and develop shopping malls, communities, businesses, and leisure facilities.