Sr. Manager, Pricing
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About The Position
The Senior Manager, Pricing Strategy at Macy's, Inc. plays a pivotal role in leading and implementing pricing strategies across various divisions. This position is focused on maximizing business opportunities while projecting financial impacts, particularly in terms of sales, margin, and turnover. The Senior Manager collaborates closely with teams from Omni Buying, Merchant Planning, Digital, and Marketing to execute promotional and permanent markdowns that are tailored to specific business areas. This role also involves interfacing with multiple Division Business Managers (DBMs) and business leaders across relevant functions, ensuring that pricing strategies align with overall business goals. In addition to strategic pricing responsibilities, the Senior Manager is tasked with overseeing the training and development of associates and assistants within the pricing team. This includes identifying process improvement opportunities that can enhance the efficiency and effectiveness of the broader pricing team. The role requires a strong analytical mindset to review and validate actual sales and gross markdowns against projections, adjusting the markdown budget as necessary to drive sales in partnership with the Omni Buying and Merchant Planning teams. The Senior Manager will lead weekly in-depth business reviews, collaborating with the Omni Buying team to identify underperforming items or categories and recommend appropriate pricing actions. Participation in business strategy meetings with the Omni Buying and Site Merchandising teams is essential to understand overall goals, budgets, strategies, marketing constraints, and key operating parameters. The role also involves determining optimal markdown strategies to maximize sales and margin throughout each product's lifecycle, ensuring that these strategies are effectively executed both online and in-store. Collaboration with Data Science is crucial for fine-tuning the pricing algorithm, ensuring that its recommendations are accurate and actionable. The Senior Manager will support the development and rollout of the Unified Price Management (UPM) tool by partnering with product and tech teams, providing feedback, and participating in relevant meetings. Additionally, managing Omni POS and permanent markdowns to drive sales and gross margin is a key responsibility, along with overseeing inventory currency to ensure optimal stock levels. Regular attendance and punctuality are also emphasized in this role.
