Overview
This role partners with key stakeholders to develop and execute pricing strategies that drive profitable growth, improve price realization, and maintain market competitiveness. The Strategic Pricing Manager serves as a strategic pricing resource for assigned business unit(s), using market trends, customer insights, and financial analysis to provide recommendations aligned with business objectives.
Responsibilities
- Identify pricing opportunities through market and financial analysis and develop and execute pricing strategies aligned with business objectives.
- Lead pricing analyses and recommendations related to price adjustments and new product launches; partner with Finance and ISC to assess cost impacts, margin requirements, and commercial viability.
- Analyze price performance, including price realization, discounts, profitability, and customer economics, and develop actionable recommendations.
- Develop and maintain pricing models, business cases, and financial analyses to support strategic initiatives and commercial decision-making.
- Present pricing performance, strategic initiatives, insights, and recommendations to senior leadership through recurring and ad hoc business reviews.
- Provide strategic pricing guidance for significant commercial opportunities, national accounts, deal negotiations, and Pricing Approval Requests (PARs).
- Review and approve PARs, as needed, ensuring alignment with pricing policies, governance standards, profitability objectives, and delegated approval authority.
- Drive continuous improvement of pricing processes, governance, analytics, data integrity, and commercial effectiveness.
- Partner with cross-functional teams to balance customer value, market competitiveness, and business objectives while enhancing the overall commercial and customer experience.
Requirements
- Bachelor’s degree from a four-year college or university in Business, Finance, Marketing, or equivalent experience.
- 4-6+ years specifically in pricing, commercial strategy, revenue management, or a closely related field.
- Strong knowledge of pricing strategies, methodologies, and best practices that drive profitable growth, revenue expansion, and margin improvement.
- Experience leveraging market dynamics and value-based pricing principles to develop pricing recommendations, financial analyses, and business cases supporting strategic business objectives and pricing decisions.
- Proficiency in pricing governance and approval processes, including quoting, negotiations, contract structures, customer agreements, and deal economics.
- Proven ability to work independently, manage multiple priorities, and drive results in a fast-paced environment.
- Advanced analytical and quantitative skills, including the ability to synthesize large datasets to support strategic decision-making.
- Demonstrated ability to influence decision-making, build alignment, and foster collaboration across cross-functional teams in a matrixed environment.
- Excellent communication and presentation skills, with the ability to effectively communicate insights and recommendations to senior leadership and executive stakeholders.
- Strong business acumen, strategic thinking, problem-solving skills, and attention to detail.
- Advanced proficiency in Microsoft Excel, including experience working with large, complex datasets and using pricing analytics, business intelligence, and reporting tools.
- Work visa sponsorship is not available for this position.
Preferred Qualifications
- Familiarity with B2B pricing practices within distribution, HVAC, and manufacturing environments.
- Understanding of ERP, CRM, and pricing systems (SAP, Salesforce, PROS, Vendavo, etc.).
- Ability to travel up to 10% as business needs require.
Compensation & Benefits
- Typical annual base salary range: $100,800k - $171,700k
- Bonus potential: up to 15%
- Benefits (subject to eligibility requirements):
- Multiple medical insurance plan options + dental and vision insurance
- 401K retirement plan with employer contributions matching 100% of the first 3% of employee contributions and 50% on the next 2% of employee contributions
- Company provided life insurance + optional employee paid voluntary life insurance, dependent life coverage and voluntary accident coverage
- Short term and long-term disability
- 3 weeks of paid time off for new employees + 11 company paid holidays
- Vacation accrues on a monthly basis, unless applicable federal, state and local law requires a faster accrual
- Paid sick time in accordance of the federal, state and local law
- Paid parental leave and tuition reimbursement after 6 months of continuous service
Additional notes:
- Employment is contingent upon successful completion of pre-employment requirements, including verification of employment history, education, background screening, and drug testing where permitted by law.
- Safety-sensitive positions may require cannabis (marijuana) testing.
- All testing and employment decisions will comply with applicable federal, state, and local laws.
Location
Plymouth, MN, Hybrid