Job Summary:
We are looking for a detail- oriented and proactive Pricing Control Executive to join our dynamic team within the grocery retail sector. In this role, you will be responsible for supporting the development, implementation, and monitoring of pricing strategies to ensure competitive pricing, profitability, and consistency across our product range. You will work closely with cross- functional teams and help maintain a robust pricing system that aligns with market trends and business objectives.
Key Responsibilities:
System Support: Assist with the maintenance and updating of pricing systems, ensuring smooth integration with other retail management systems (e.g., inventory, sales tracking) and accurate pricing execution.
Reporting & Documentation: Prepare regular reports on pricing performance, including pricing trends, competitive positioning, and sales impacts. Provide insights and recommendations based on data analysis to help optimize pricing strategies.
Pricing Data Management: Support the management of pricing data across all grocery product categories, ensuring accuracy and consistency in pricing records and systems.
Collaboration: Work closely with category managers, procurement, sales, and finance teams to support pricing decisions, promotions, and cost structures that align with business objectives.
Price Adjustments & Updates: Assist in implementing and tracking regular price adjustments in response to cost changes, competitor activity, or market conditions, ensuring timely updates to product prices.
Promotions & Discounts: Support the implementation of promotional pricing, discounts, and special offers. Ensure that these are correctly applied in the system and on store shelves in alignment with the pricing strategy.
Price Monitoring: Assist in monitoring and reviewing pricing across different stores and online platforms. Ensure prices are updated according to agreed pricing structures, seasonal promotions, and market trends.
Competitive Analysis: Assist in gathering competitor pricing data through regular market research, evaluating the competitive landscape to identify pricing opportunities and risks.
Price Compliance: Help monitor and ensure compliance with internal pricing policies, legal regulations, and company guidelines. Assist in identifying and addressing pricing discrepancies or errors.
