Pricing Manager Salary (Australia)
A Pricing Manager earns an average salary of AU$103,322 per year. Most people with this job move on to other positions after 20 years in this field. For the first five to ten years in this position, pay increases modestly, but any additional experience does not have a big effect on pay.
|Salary||AU$72,966 - AU$148,789|
|Bonus||AU$4,805 - AU$34,521|
|Total Pay (|
XTotal Pay combines base annual salary or hourly wage, bonuses, profit sharing, tips, commissions, overtime pay and other forms of cash earnings, as applicable for this job. It does not include equity (stock) compensation, cash value of retirement benefits, or the value of other non-cash benefits (e.g. healthcare).)
|AU$70,710 - AU$164,090|
Job Description for Pricing Manager
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.Read More...
Pricing managers assist in the resolution of problems and help minimize risks, as well as evaluate and coach staff. Other duties for pricing managers may include vendor management, communication with other managers, and relationship management. To perform these (and other) duties, pricing managers may need to review books, assess values, and calculate rates. Pricing managers must communicate effectively with staff, partners, and accounting professionals to ensure that all aspects of pricing and employee development are taken care of in a timely and effective manner.
Generally, a bachelor's or master's degree in accounting, management, or a related field is required for this position. Experience in a similar position is generally needed as well. A combination of education and experience may be accepted in lieu of a degree. This job requires strong communication and leadership skills, sales and marketing skills, and strong attention to detail. Additionally, pricing managers must be able to understand and formulate business and financial models, and they must possess strong knowledge of accounting and management operations. (Copyright 2018 PayScale.com)
Pricing Manager Tasks
- Conduct financial modeling and analysis to determine prices for products.
- Train and supervise pricing analysts.
- Work with product developers to make sure products are competitive.
- Identify and monitor competitors and adapt pricing strategies to reflect changes in the market.
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