Menu Pricing Specialist
4 days ago
As part of Al-Futtaim Group, one of the most diversified and progressive privately held regional businesses headquartered in Dubai, United Arab Emirates, we are seeking a talented individual to fill the role of Pricing Executive.
The successful candidate will be responsible for supporting the pricing analyst in preparing quarterly and annual budgets, analyzing monthly gross margin performance, and developing gross margin and revenue simulations for increases.
Main Responsibilities:
- Support the pricing analyst in preparing quarterly and annual budgets
- Analyze monthly gross margin performance and identify potential issues
- Develop gross margin and revenue simulations for increases
- Manage daily operations of the menu pricing solution
- Ensure changes to job prices are financially modeled
- Ensure all activities are in accordance with standard operating procedures and approvals are obtained for new structures
- Support the pricing analyst – B2C pricing manager in setting up new introduction pricing for new brands and models
- Maintain and update pricing and margin positions within APP and SAP
- Maintain and deploy menu pricing discounts and structures through a dedicated system
- Support the B2C pricing manager in labor reviews and positioning
- Support competitive and profitable pricing setups of new tier 2 job offerings
- Manage revisions of fixed package prices and menu pricing in line with annual processes and cost changes
- Take initiatives to identify and resolve issues around pricing and margin
- Identify and refine process efficiencies, including new logic for APP ensuring products remain in line with business-approved logics
- Report competitors' activities and pricing
Key Requirements:
- Previous experience in a pricing or finance-related position is desirable
- Commercially minded, required to think in the shoes of a customer and how decisions could impact them
- Ability to use own initiative and present solutions to problems
- Excellent analytical and problem-solving skills
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