Assistant Manager, Pricing Analytics

Hyundai Motor Company•Fountain Valley, CA

7d•Onsite

About The Position

At Hyundai, we’ve rethought our business and created cars that combine performance, quality, design and innovation into a complete package. It’s time you rethink what you expect from an employer. At Hyundai, we understand you're not just building a career – you're building a life. We believe in our people and realize that our success is a direct result of our commitment in offering you great opportunities for your career. If you would enjoy working in a dynamic environment and are looking for a chance to become part of a stellar team of professionals, we invite you to apply online today. WORK MODEL#LI-OnSiteWHAT YOU WILL DOThe Assistant Manager, Pricing Analytics for Hyundai manages and implements current model year pricing and facilitates in the execution of operational pricing activities for the Hyundai Sonata and Kona portfolio and support department as needed.HOW YOU WILL MAKE AN IMPACT Create price positioning and launch pricing proposals for new model year support documents customized specifically to each model’s unique market circumstances. Manage obtaining executive approval on pricing proposals and working with HMA Finance and Sales Distribution to meet vehicle wholesale targets. Act as a subject matter expert regarding pricing strategies and competitive landscape for the mainstream new vehicle market. Be a key driver for innovation to advance Hyundai pricing to optimize work efficiency and enhance analytical capability. Create vehicle pricing forecasts for development of annual budget and track budgeted per vehicle gross profitability against actual performance to ensure each assigned model is achieving calendar year target. Collaborate with Hyundai Global Headquarters, North American Product Planning and Finance divisions, as well as U.S. Sales division to understand vehicle packaging plans, financial goals, and sales objectives. Incorporate understanding into pricing recommendations. Manage pricing related consulting engagements, residual forecasting, new model price/product events, etc., to maximize residual value, improve 3rd party perception of all Hyundai models and communicate model pricing and value position within the segment. Support various ad-hoc pricing strategy-related requests. Input pricing data into BLS. Oversee the development and execution of departmental budget, including PR’s, accruals, and payments. Send out weekly pricing action summary email to group. Pricing has the authority to access all relevant cost, product spec, and plans to effectively develop pricing recommendations for executive approval. Additionally, Pricing is authorized to recommend pricing levels based on supporting analysis of forecasted volume levels, competitive practice, planned incentive spend, margin and revenue requirements, sales efficiency, etc. Collectively, this authority has a direct impact on company/dealer profitability and sales effectiveness. Additionally, Pricing is authorized to input pricing into SAP. This role requires the performance of work directly related to management and/or general business operations. The exercise of discretion and independent judgment with respect to matters of significance is required.

Requirements

Bachelor’s degree preferred.
Six or more years or more of experience preferably related to automotive industry with focus on quantitative and competitive analyses.
Knowledge of the automotive industry, competitive landscapes, and an understanding of pricing strategy.
Ability to explain complex issues and assess the impact of pricing-based decisions on each Hyundai model in relation to the overall lineup and competitive marketplace.
Ability to formulate well-structured data-driven arguments and communicate, both written and orally, to all levels of management.
Experience working well under pressure, with multiple divisions within the company and complete tasks in a fast-paced environment.
Strong quantitative analytical skills, with advanced knowledge of MS Excel and PowerPoint, SAP, and ability to grasp new concepts, large databases and proprietary software.

Nice To Haves

Master’s degree a plus.
Automotive OEM experience preferred.
Experience pricing consumer products preferred.
Self-starter, ability to thrive with little supervision, navigating an ambiguous product environment to define future model positioning within current product whitespace.

Responsibilities

Create price positioning and launch pricing proposals for new model year support documents customized specifically to each model’s unique market circumstances.
Manage obtaining executive approval on pricing proposals and working with HMA Finance and Sales Distribution to meet vehicle wholesale targets.
Act as a subject matter expert regarding pricing strategies and competitive landscape for the mainstream new vehicle market. Be a key driver for innovation to advance Hyundai pricing to optimize work efficiency and enhance analytical capability.
Create vehicle pricing forecasts for development of annual budget and track budgeted per vehicle gross profitability against actual performance to ensure each assigned model is achieving calendar year target.
Collaborate with Hyundai Global Headquarters, North American Product Planning and Finance divisions, as well as U.S. Sales division to understand vehicle packaging plans, financial goals, and sales objectives. Incorporate understanding into pricing recommendations.
Manage pricing related consulting engagements, residual forecasting, new model price/product events, etc., to maximize residual value, improve 3rd party perception of all Hyundai models and communicate model pricing and value position within the segment.
Support various ad-hoc pricing strategy-related requests.
Input pricing data into BLS.
Oversee the development and execution of departmental budget, including PR’s, accruals, and payments.
Send out weekly pricing action summary email to group.

Benefits

Monthly Hyundai/Genesis vehicle lease allowance (including insurance and maintenance)
Holiday Pay - the company shuts down with pay between Christmas and New Years.
Medical, dental, and vision insurance for you and your family, with employer contributions to Health Savings Accounts
401(k) retirement plan with Employer Match
Additional 401(K) Employer Enhanced Contribution program – eligible after 1 year of employment, in addition to the regular employer matching contribution
Vacation and sick time off
Employer-paid basic life and disability coverage, including Paid-Family Leave.
Mental health, wellbeing, and employee assistance program
Health advocate (support)
Education Reimbursement program: Up to $5,250 per year for employees seeking higher education degrees.
External Training and Development Programs