Pricing managers assist with the accounting and pricing aspects of their organization. They work with the accounting staff, vendors, and employees to manage department workflow. This includes monitoring price and market movements, compliance with regulations and policies, and the control of associated risks. It also includes formulating and executing pricing policy changes in compliance with industry standards, analyzing price changes, troubleshooting processes, supporting audits, and conducting pricing optimization.
Pricing Manager Tasks
Work with product developers to make sure products are competitive.
Identify and monitor competitors and adapt pricing strategies to reflect changes in the market.
Conduct financial modeling and analysis to determine prices for products.
Train and supervise pricing analysts.