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Pricing Manager
3 weeks ago
Title**:Pricing Manager**
The Pricing Manager will play a key role in formulating and developing proprietary pricing models. This individual will be responsible for driving the pricing strategy for various projects by leveraging advanced pricing techniques, market dynamics, and financial data. The role requires an in-depth understanding of real estate pricing, economic trends, and the ability to translate these into actionable pricing models that support the company’s sales and profitability goals.
**Key Responsibilities**:
Pricing Model Development| Strategic Pricing Formulation | Real Estate Valuation | Comparative Market Analysis (CMA) | Market Insights | Financial Analysis | Reporting and Presentation| Regulatory Compliance
- Develop, test, and implement proprietary real estate pricing models that incorporate both quantitative and qualitative data.
- Continuously refine the pricing models based on market trends, project-specific data, and internal performance metrics.
- Collaborate with internal departments to ensure the pricing model reflects business needs, financial goals, and market dynamics.
- Lead the formulation of sophisticated pricing strategies for off-plan and resale portfolios, optimizing for sales velocity and margin maximization.
- Work closely with cross-functional teams (sales, marketing, finance) to align pricing strategies with overall business objectives.
- Conduct thorough market analysis to monitor competitor pricing, demand fluctuations, and customer preferences.
- Develop pricing simulations and scenario analysis to forecast potential outcomes and recommend optimal pricing strategies.
- Collect and analyze large datasets from multiple sources (market data, transaction history, competitor pricing) to derive actionable pricing insights.
- Perform detailed feasibility studies, cost-benefit analyses, and comparative market assessments (CMA) to inform pricing strategies.
- Maintain up-to-date market knowledge, including regulatory changes, market shifts, and customer behavior patterns.
- Lead pricing discussions and present findings, models, and recommendations to senior management and stakeholders.
- Prepare and present high-level pricing reports, analysis, and recommendations to the executive team.
- Ensure all pricing strategies are well-documented and comply with internal standards and regulations.
- Keep stakeholders informed of the market conditions and potential impacts on pricing strategies.
- Perform any other tasks assigned by the line manager
**Essential Requirements**:
- Bachelor’s degree in business administration, Accounting, Economics, or a related field. or a similar role in Real Estate Industry.
- 5 years of experience in similar role, preferably in the real estate Developer.
**Preferred Requirements**:
- Master’s degree in finance, Economics, Business Administration, or a related field.
- Professional certifications (e.g., MRICS, CFA) is a plus.
