Strategic Pricing Director

Best Buy • Richfield, MN

4d

About The Position

The Director of Pricing, Promotions, and Competitive Intelligence is responsible for driving Best Buy’s business results by managing the effectiveness, execution and capability development for Best Buy’s competitive pricing, promotions, open box and clearance areas. The director leads the team responsible for working with merchants to create a pricing strategy that drives price perception and results for optimal performance across sales, margin and market share. The director leads the planning and development of strategic projects, tools, and processes that drive value for the organization and helps plan & measure effectiveness across all channels and businesses. This person has the credibility and ability to influence and drive sustainable change throughout the organization and manage tradeoffs between multiple business partners. In addition to supporting the Category Management function, this role develops pricing strategy and provides pricing support for emerging business priorities, including Membership and Marketplace. The team plays a critical partner role with Marketing to develop and deliver the enterprise promotional plan, from planning to execution to recapping in an effort to maximize the effectiveness and efficiency of promotional vehicles.

Requirements

• 8+ years experience managing cross functional disciplines like Pricing, Merchandining, Finance, Marketing, Retail or Supply Chain
• 5+ years managerial or leadership experience, including people and budget responsibility
• 5+ years project management experience
• 2+ years experience working with technology organization on building, enhancing or supporting tools

Nice To Haves

• Bachelor's Degree or 9+ years of experience in Retail, Supply Chain, Merchandising or related field.

Responsibilities

• Drive business results through expertise and team leadership
• Develop and implement our Pricing, Compliance and Competitive Intelligence Strategy
• Develop a comprehensive process and tool strategy, supported by analytics and AI, that drives efficiency, adoption, and improved financial results
• Lead the development of cost transformation projects across stakeholder groups
• Oversee people management processes

Benefits

• Competitive pay
• Generous employee discount
• Physical and mental well-being support
• Different types of leaves of absence (LOA) and potential pay sources
• Intermittent or reduced-schedule leave
• Paid time off (vacation or PTO)
• Various forms of incentive pay

What This Job Offers

• Job Type: Full-time
• Career Level: Director