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    Commercial Pricing Manager - Lagos, Nigeria - The Concept Group

    The Concept Group
    The Concept Group Lagos, Nigeria

    6 days ago

    Default job background
    Full time
    Description

    ABOUT THE COMPANY

    The genesis of The Concept Group was initially borne from a functional and structural approach, simply delivering better effectiveness through shared services of back office functions for its more market facing organizations.

    As the organization grew, the Group along with its member subsidiaries have evolved to embody much more. As a tested guiding light, our core values which we passionately uphold give us a sense of purpose and direction not only in our professional but in our private lives also. These values summarized are based on three pillars; (Great) People, (Continuous) Innovation and the (Ideal) Culture.

    JOB SUMMARY

    Qualifications / RequirementsBachelor's Degree in Business Administration, Finance, Economics, Marketing, or a related field. A Master's degree or MBA may be preferred for some positions.3-5 years of experience in pricing analysis, revenue management, or related roles, preferably in the financial service industry.Professional certifications such as Certified Pricing Professional (CPP) or Certified Pricing Strategy Analyst (CPSA) may be advantageous.Experience with pricing strategy development, implementation, and optimization.Demonstrated track record of success in driving revenue growth and profitability through effective pricing strategies.Experience in cross-functional collaboration with sales, marketing, finance, and product management teams.Familiarity with regulatory and compliance requirements related to pricing and contracts.Proficiency in statistical analysis, financial modeling, and forecasting techniques to assess pricing strategies and their impact on profitabilitySkills/Competencies:Ability to analyze complex data sets, interpret trends, and derive actionable insights to inform pricing decisions.Proficiency in statistical analysis, financial modeling, and forecasting techniques to assess pricing strategies and their impact on profitability.Capacity to think strategically and develop innovative pricing strategies that align with business goals and market dynamics.Excellent verbal and written communication skills to effectively convey pricing strategies, negotiateJob Knowledge:Comprehensive knowledge of various pricing strategies such as cost-plus pricing, value-based pricing, competitive pricing, and dynamic pricing. Understanding when and how to apply these strategies based on market conditions, customer segments, and product/service attributes.Proficiency in conducting market research, including gathering and analyzing data on customer demand, competitor pricing, market trends, and regulatory factors. Ability to interpret market insights to inform pricing decisions and identify opportunities for growth.

    RESPONSIBILITIES

    Market Analysis:Conduct thorough market research to understand customer demand, industry trends, and competitor pricing strategies.Price Setting:Develop pricing strategies across all products that align with business goals and objectives, considering factors such as costs and desired profit margins.Price Optimization:Continuously monitor pricing data and performance metrics to identify opportunities for price optimization and revenue maximization.Competitive Analysis:Analyze competitor pricing strategies and adjust pricing tactics accordingly to maintain competitiveness in the market.Revenue Management:Collaborate with sales, product and Research and Development teams to develop pricing tactics that drive sales volume and revenue growth.Performance Monitoring:Track key performance indicators (KPIs) such as sales volume, revenue, profit margins, and market share to assess the effectiveness of pricing strategies.Cross-functional Collaboration:Work closely with cross-functional teams to ensure alignment of pricing strategies with overall business objectives and market dynamics.Strategy Development:Develop and implement pricing strategies for new product launches, promotional campaigns, and market expansions.Process Improvement:Identify opportunities to streamline pricing processes and systems to enhance efficiency and accuracy.Any other task as assigned by the Line manager

    REQUIRED SKILLS

    Market research, intelligence, Business intelligence, Financial analysis, Pricing, price management, Research planning

    REQUIRED EDUCATION

    Bachelor's degree

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