Senior Specialist - Pricing

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Role Purpose/Business Unit

• As part of the commercial playbook pricing governance is one of the key pillars to ensure we are relevant and competitive from a mark-to-market perspective.
• As a Pricing Senior Specialist, the responsibilities would include analysing market trends, competition, and customer behavior to develop effective pricing strategies. You would support pricing for voice, mobile data, integrated and social bundles ensuring profitability while remaining competitive. Collaboration with cross-functional teams, conducting pricing research, and implementing pricing models are integral aspects of the role. Additionally, monitoring industry changes and adjusting pricing strategies accordingly to optimize revenue and customer satisfaction would be part of your responsibilities.
• This would require engagement with the OpCo product teams and other cross-functional stakeholders.
• Customer & market knowledge to Support OpCo Integrate Right Pricing with Propositions
• Work on analytics for pricing and Commercial Insight Generation
• Align pricing analytics and actuarial towards Supporting Segment Propositions
• Have a robust understating of competitor pricing moves to keep our Strategic Pricing accurate across markets.
• Analyse and benchmark internal performance and commercial data across OpCo for tracking of actions and commercial moves

Pricing Governance

Your responsibilities will include:

• Price Strategy: Developing and implementing effective pricing strategies to maximize revenue and market share.
• Market Analysis: Analyzing market trends, competitor pricing, and customer behavior to make informed pricing decisions.
• Profitability Analysis: Assessing the impact of pricing changes on overall profitability and recommending adjustments as needed.
• Cross-functional Collaboration: Working closely with sales, marketing, and finance teams to align pricing strategies with overall business objectives.
• Competitive Positioning: Ensuring the company's products or services are competitively priced while maintaining value perception.
• Data Analysis: Utilizing data analytics to derive insights, track performance, and make data-driven pricing decisions.
• Price Optimization: Implementing pricing optimization tools and methodologies to enhance pricing processes and effectiveness.
• Regulatory Compliance: Staying informed about industry regulations and ensuring pricing strategies comply with legal and ethical standards.
• Communication: Effectively communicating pricing decisions and strategies to internal stakeholders and, at times, to customers.

Overall, the Pricing Senior Specialist will play a crucial role in balancing profitability, market competitiveness, and customer satisfaction through strategic pricing decisions.

The Ideal Candidate For This Role Will Have

• University Degree or equivalent in a Marketing or Finance discipline (postgraduate preferred)
• 5+ years of experience in applying data and insight to customer-focused business problems
• Able to solve problems in complex situations
• Strong technical, analytical, and statistical competencies required
• Ability to build and present business cases to a non-technical audience
• Strong project management skills

Core Competencies, Knowledge, And Experience

• Detailed understanding of governance and decision-making across the business
• Effective stakeholder engagement and relationship-building
• Working knowledge of the fundamentals of financial analysis and budget process
• Thorough understanding of the ICT Market and in particular, Telecommunications products, services, technologies and business processes
• Strong business acumen at the Executive level

We Make An Impact By Offering

• Enticing incentive programs and competitive benefit packages
• Retirement funds, risk benefits, and medical aid benefits
• Cell phone and data benefits, advantages fiber connection discounts, and exclusive staff discounts offered in collaboration with partner companies

Closing date for Applications: 04 June 2024.

The base location for this role is Vodacom, Midrand Campus.

The company's approved Employment Equity Plan and Targets will be considered as part of the recruitment process. As an Equal Opportunities employer, we actively encourage and welcome people with various disabilities to apply.

Vodacom is committed to an organisational culture that recognises, appreciates, and values diversity & inclusion.