The primary job responsibility of a pricing coordinator is to ensure the accuracy of prices for a business. This responsibility is usually retail in nature, though some pricing coordinators work for business-to-business firms such as manufacturers. On a day-to-day basis, the job of a pricing coordinator might involve reviewing invoices, doing data entry, correcting shelf tags in a retail storefront, or working with suppliers and clients to negotiate discount rates. Given the prevalence of point-of-sale systems and computerized inventory tracking, computer literacy is a must for a pricing coordinator; this may be as simple as being able to work with spreadsheet programs or as complex as learning custom software packages specific to the enterprise for which they work. Basic math skills are also required, as being able to spot inconsistencies and other incorrect information when re-pricing items is necessary.
The job title of pricing coordinator can actually cover a wide variety of positions, depending on the employee's position and employer. For example, some companies hire pricing coordinators at the store level, others at the regional level, and still others at the nationwide or head office level. A pricing coordinator hired at the store level would be responsible for pricing accuracy in only that store, whereas those with wider geographical responsibilities would be responsible for correspondingly larger bodies of information with respect to pricing.
The position and employer also have considerable impact on the pricing coordinator’s location, conditions, supervisor and hours. For example, if one is working in the head office of a company, they would likely work close to a standard, 40-hour work week and report directly to senior management. On the other hand, a store-level pricing coordinator in a retail establishment could work odd hours or even part-time, would likely report to the store manager, and would be subject to whatever environmental conditions exist in that store (e.g. outdoor weather conditions if the store is a garden center).
Pricing Coordinator Tasks
Coordinate with internal departments to audit pricing of existing products and implement pricing for new products.
Run, compile, and distribute regular sales and pricing reports.
Implement and maintain a pricing structure across the customer base.
Assist in sales analysis of customer base as necessary.