Product & Pricing Manager
2 weeks ago
Established in the 1930s as a trading business, Al-Futtaim Group today is one of the most diversified and progressive, privately held regional businesses headquartered in Dubai, United Arab Emirates. Structured into five operating divisions; automotive, financial services, real estate, retail and healthcare; employing more than 35,000 employees across more than 20 countries in the Middle East, Asia and Africa, Al-Futtaim Group partners with over 200 of the world's most admired and innovative brands. Al-Futtaim Group’s entrepreneurship and relentless customer focus enables the organization to continue to grow and expand; responding to the changing needs of our customers within the societies in which we operate.
By upholding our values of respect, excellence, collaboration and integrity; Al-Futtaim Group continues to enrich the lives and aspirations of our customers each and every day
**Overview of the role**:
The **Product and pricing manager** is responsible for the management of the product portfolio for the brand. Also the role will contribute to ensure that the brand model line meets the requirements of the market in order to achieve the budgeted volume, revenue and GP budgeted. Also to provide redefining pricing strategy and developing disciplined pricing tactics revenue management by understanding customer perception of the product value and accurately aligning product price, placement and availability with each customer segment and price to maximize revenue growth for the brand.
**What you will do**:
- Establish a Pricing competence centre_
- Identify and utilize data science (MS Azure, ML Studio, R, Phyton) and data engineering (Alteryz, SQL) to improve efficiencies, improve cost and increase profit margins.
- Design and deliver the next generation of transformative analytics and artificial intelligence technological solutions to address key business challenges and opportunities
- Deploy statistical modeling and optimization techniques to address specific business needs, including potential approaches to problems, associated costs, trade-offs and recommendations
- Interpret outputs of statistical models and results; translate input from quantitative analyses into specific and actionable business recommendations contributing to a competitive advantage
- Deliver Pricing initiatives_
- Propose an automotive Group Wide Pricing Strategy to brand stakeholders
- Implement and maintain systems and processes to enable greater price management to increase revenue and margin and improve stock health
- Work with Business Units to develop and implement new and more effective pricing techniques, technologies and processes to increase revenue and customer loyalty
- Market Intelligence_
- Propose an automotive group wide pricing market intelligence strategy to brand stakeholders
- Create and update comprehensive industry, competitor and customer models including, but not limited to, market share, growth projections and trends, and market forces.
- Collate competition data and market trends from internal and external sources and utilize systems and technologies (Web Scrapping, data collection portals, markets surveys, mystery shopping) to influence parts pricing and strategic business decision making
- Supplies the market and competitive intelligence component of strategic planning, and proactively makes recommendations to management concerning key intelligence items that require further consideration.
- Management Reporting and Analysis_
- Translate data into executable and effective market and intelligence reports focused on standardizing, automating, delivering tools and processes and exploring emerging technologies that drive efficiency
- Introduce process improvement, transformation, effective use of innovative technology and data & analytics, and leveraging alternative delivery solutions are key areas of focus to drive additional value
**Required skills to be successful**:
- Extensive experience in automotive pricing environment, developing and implementing spare parts pricing strategies
- Driving commercial results with measurable KPIs
- Excellent analytical and problem-solving skills
- Excellent organization abilities, working agile and result orientated
**About The Team**:
The Product & Pricing Manager will be reporting to Head of Product and Pricing. You will be working in a dynamic and busy environment wherein you will be dealing directly with both internal and external teams.
**What Equips You For The Role**:
- Minimum 8 years’ work experience in a multinational environment
- 5+ years of hands-on work experience using analytical tools
**About Al-Futtaim Automotive**
A major division of the UAE-based Al-Futtaim Group of companies, **Al-Futtaim Automotive** is an industry leader with presence in 10 countries across the Middle East, Asia and Africa.
Our core business activities at Al-Futtaim Automotive include distribution, manufacturing, leasing and aftersales, and we are firmly established as
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