Manager, Pricing & Promotions

LG Electronics•Englewood Cliffs, NJ

29d•Onsite

About The Position

Step into the innovative world of LG Electronics. As a global leader in technology, LG Electronics is dedicated to creating innovative solutions for a better life. Our brand promise, 'Life's Good', embodies our commitment to ensuring a happier life for all. We have a rich history spanning over six decades and a global presence in over 290 locations. Our diverse portfolio includes Home Appliance Solutions, Media Entertainment Solutions, Vehicle Solutions, and Eco Solutions. Our management philosophy, "Jeong-do Management," embodies our commitment to high ethical standards and transparent operations. Grounded in the principles of 'Customer-Value Creation' and 'People-Oriented Management', these values shape our corporate culture, fostering creativity, diversity, and integrity. At LG, we believe in the power of collective wisdom through an inclusive work environment. Join us and become a part of a company that is shaping the future of technology. At LG, we strive to make Life Good for Everyone. Manager, Pricing and Promotions (Product Management and Pricing, Promotions, and Trade Terms Team) Position Summary: This position is responsible for management and planning of pricing and promotions for Home Entertainment Products.

Requirements

Bachelor's degree is required
5+ years of experience in product management or consumer electronics PM experience preferred
Advanced Microsoft Office Skills (Word, Outlook, PowerPoint, and Excel)
Advanced Excel skills required (pivot tables, v-look ups, etc.)
Must be highly detail oriented and extremely organized.
Good understanding of CE channel distribution.
Strong communication, both verbal and written skills required
Experience in business analysis including financial analysis
Must have strong work ethic and ability to work beyond business hours as needed to meet weekly/monthly deadlines

Responsibilities

Plan long term roadmap with Department Head and Business Management team, and other account specific promotions. (considering supply, channel inventory, competitive landscape, financial budget)
Review promotion requests (including monthly long term inventory issue list) from the sales team and make recommendations (ensure positive COI and without channel conflicts)
Develop new product launch pricing structure and margin negotiation for all accounts.
Act/communicate as main point of contact to sales organization for pricing & promotions
Promotion margin negotiations for all major accounts
Price protection planning and cost simulations
MDF management including review requests from accounts and manage monthly/yearly budget
Financial Planning: Promo cost simulations and analysis
Work with team members on weekly/monthly announcement to sales team on roadmap, price sheet, SPIFF bulletin, etc
Responsible for managing the process and timeline with cross-functional teams to ensure all promotional details are communicated with a high level of accuracy and efficiency.

Benefits

No-cost employee premiums for you and your eligible dependents for competitive medical, dental, vision and prescription benefits.
Auto enrollment with immediate vesting of competitive company matching contributions in a 401(k) Retirement Savings Plan with several investment options.
Generous Paid Time Off program that includes company holidays and a combined bank of paid sick and vacation time.
Performance based Short-Term Incentives (varies by role).
Access to confidential mental health resources to help you and your loved ones improve your quality of life. Personal fitness goal incentives.
Family orientated benefits such as paid parental leave and support for families raising children with learning, social, behavioral challenges, or developmental disabilities.
Group Rate Life and Disability Insurance.

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