Pricing Coordinator

Job Description

Majid Al Futtaim Retail invites you to join us in our quest to create great moments for everyone, everyday! We are the leading shopping mall, residential communities, retail and leisure pioneer across the Middle East, Africa and Asia, serving over 560 million visitors a year. For the past two decades, we have shaped the consumer landscape across the region, transforming the way people shop, live and play, while maintaining a strong sustainability track record and the largest mall in the world to attain LEED Gold EBOM Certification. We have over 40,000 team members in 15 international markets representing over 100 nationalities – all keeping the customer at the heart of everything we do. If you enjoy being BOLD, PASSIONATE and TOGETHER, then Majid Al Futtaim is the destination for you.

Role Purpose:

Pricing Coordinators help businesses determine competitive pricing strategies to gain market share and achieve revenue goals. They analyze data from multiple sources, develop complex pricing models, and collaborate with sales and marketing teams to develop sales strategies

Role Details – Key Responsibilities and Accountabilities:

• Assessing data from a variety of sources to gain insights into pricing strategies and market trends.
• Controlling the new price update stacked with the rules.

• Analysing competitor pricing and market trends to increase market share and profitability.
• Tracking customer engagement to develop effective pricing strategies for products and offerings.
• Applying statistical modelling methods to determine the potential impact of pricing strategies on profitability.
• Recommending pricing strategies that align closely with market trends and identifying new market segments.
• Forecasting revenue and market share based on market trends, production costs, profit margins, and sales volumes.
• Collaborating with sales and marketing departments on developing and implementing competitive pricing strategies.
• Developing dynamic pricing tools to effectively respond to changing market needs and trends.
• Preparing and presenting pricing analysis findings to executives, marketing teams, and sales staff.
• Keeping informed on pricing analysis methods and industry trends.

Definition of Success

• Timeliness and accuracy of developed financial reports submitted
• In-depth knowledge of statistical methods and data analysis.
• Extensive experience in analysing pricing strategies and forecasting revenue and market share.
• Experience in collaborating on pricing strategies with sales and marketing departments.
• Ability to keep abreast of industry trends and develop dynamic pricing tools.
• Advanced ability to present pricing analysis reports to relevant stakeholders.

Personal Characteristics and Required Background:

Minimum Qualifications/education

• Bachelor of Finance, Business Administration or Commerce

Minimum experience

•  3+ years in retail business is preferred

Skills

• Strong analytical and technical skills
• Strong communicator and presentation skills
• Proficiency in Microsoft skills office, advanced excel, word, Power Point, outlook.
• Very good command of English speaking and writing

Majid Al Futtaim follows a holistic sustainability strategy (Dare Today, Change Tomorrow), that’s focused on transforming the lives of the communities we serve, rethinking our use of resources to make a net positive impact, and empowering our people to unleash their full potential.

Majid Al Futtaim is the first Middle Eastern company to commit to becoming Net Positive in Carbon and Water by 2040