Director - Pricing Advisory

Michaels • Irving, TX

10d

About The Position

Director – Pricing Advisory is part of the pricing team. This team provides direct support to the merchant team with regards to regular, promotional, and clearance pricing. This position will directly manage a portion of the pricing managers as well as coordinate regular and clearance activities across all pricing managers. Manage Regular and Clearance activity Research and analyze historical information to create strategies and tactics with main goal to increase sales and margin Identify, quantify, and execute regular price changes that will achieve and exceed annual benefit targets Manage to clearance markdown budgets Partner with Merchandising, Marketing, IT, and Stores to execute regular and clearance markdowns Ensure price integrity of regular pricing with regards to brand/private brand, pack size, color, key attributes, etc. Manage competitive shop process and resources Identify and maintain key item and EDV programs to Ensure MIK is positioned appropriately in the competitive market place Manage Pricing Manager Resources Lead teams to hit and exceed financial goals Develop a strong sense of team / esprit de core Help pricing managers build strong relationships based on trust Help pricing managers leverage analyses that are transparent and understandable to all roles in the organization Oversee pricing manager day to day activities Support pricing managers with difficult analyses or discussions Help manage individual development plans for each resource Lead successful implementation of strategic pricing projects Identify and implement initiatives that will make existing processes more efficient Identify and implement initiatives that will identify new programs that will deliver a better return on ‘discount spend’ Identify and implement processes that should be stopped, outsourced, or automated Manage offshore resource team Other duties as assigned

Requirements

• MBA or Master’s degree in Quantitative field, such as Finance, Economics, Engineering, Statistics, Business Administration, or Operations Research
• 4-6 years in Business; complex analytical experience is the priority
• Manager/Sr Analyst role in an analytical function
• Experience developing a department and process from the ground up

Nice To Haves

• Retail or consumer products experience a plus

Responsibilities

• Manage Regular and Clearance activity
• Research and analyze historical information to create strategies and tactics with main goal to increase sales and margin
• Identify, quantify, and execute regular price changes that will achieve and exceed annual benefit targets
• Manage to clearance markdown budgets
• Partner with Merchandising, Marketing, IT, and Stores to execute regular and clearance markdowns
• Ensure price integrity of regular pricing with regards to brand/private brand, pack size, color, key attributes, etc.
• Manage competitive shop process and resources
• Identify and maintain key item and EDV programs to Ensure MIK is positioned appropriately in the competitive market place
• Manage Pricing Manager Resources
• Lead teams to hit and exceed financial goals
• Develop a strong sense of team / esprit de core
• Help pricing managers build strong relationships based on trust
• Help pricing managers leverage analyses that are transparent and understandable to all roles in the organization
• Oversee pricing manager day to day activities
• Support pricing managers with difficult analyses or discussions
• Help manage individual development plans for each resource
• Lead successful implementation of strategic pricing projects
• Identify and implement initiatives that will make existing processes more efficient
• Identify and implement initiatives that will identify new programs that will deliver a better return on ‘discount spend’
• Identify and implement processes that should be stopped, outsourced, or automated
• Manage offshore resource team
• Other duties as assigned

Benefits

• At Michaels, we prioritize the wellbeing of our teams by providing robust benefits for both full-time and part-time Team Members. Our benefits include health insurance (medical, dental, and vision), paid time off, tuition assistance, generous employee discounts, and much more.

What This Job Offers

• Job Type: Full-time
• Career Level: Director
• Number of Employees: 5,001-10,000 employees