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    Senior Manager, Strategic Pricing - Milwaukee, United States - Regal Rexnord Corp

    Regal Rexnord Corp
    Regal Rexnord Corp Milwaukee, United States

    6 days ago

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    Description

    SCOPE OF LEADERSHIP ROLE
    Regal Rexnord is seeking a Sr Manager, Strategic Pricing to join our Industrial Powertrain Solutions segment finance team.

    This is a critical role to lead our pricing strategy across the segment and partner with business leaders in each division to align pricing with our business objectives.

    This is a great opportunity for a self-driven leader who will analyze market data to drive competitive pricing analysis and positioning and lead stakeholder communication.

    Key Responsibilities
    Pricing Strategy Development and Deployment
    Drive Pricing strategy by providing recommendations that align with market performance and competitive dynamics.

    Develops tactical and strategic pricing initiatives to maximize overall revenue while ensuring alignment with company objectives.

    Utilize price realization results, inflationary trends, 80/20 methodology and competitive landscape insights to optimize pricing Strategy

    Translate Commercial team and company objectives into actionable items for Divisional Pricing team members.

    Participate in Strategic, Annual and Quarterly price planning and process updates

    Drive the design and ongoing refinement of pricing analysis tool capabilities.

    Pricing Steering Committee Leadership
    Lead the Pricing Steering Committee comprised of executive and business leadership.

    Communicates pricing trending and activity to business stakeholders and executive leadership team.

    Work closely with sales, marketing, finance, and product teams to align pricing with overall business objectives


    Track and proactively communicate competitor pricing actions to Commercial teams and keep visible with leadership via the Pricing Steering Committee.

    Continuously refine processes and tools to enhance price realization effectiveness.

    Market Responses, competitive pricing analysis and positioning
    Monitors competitive pricing environment and ensures pricing methods are appropriately positioned.

    Conduct pricing analysis, including price elasticity, sensitivity, and scenario modeling.

    Assess Performance and execute appropriate market-level responses based on product positioning, cost trending, value delivered/elasticity, market performance, 80/20, and portfolio strategies

    Monitor 80/20 "B" part SKU price capture and demand shaping results vs. divisional strategies to ensure desired strategies are performing as desired.

    Proactively identify pricing adjustment opportunities beyond immediate needs/market.

    Stakeholder communication
    Communicate pricing trends and activities to business stakeholders and the executive leadership team.

    Collaborate closely with sales, marketing, finance, and product teams to align pricing with overall business objectives.

    PROFESSIONAL EXPERIENCE/QUALIFICATIONS
    Bachelor's degree required; major in Business, Economics, Engineering, Finance, Mathematics, or Statistics preferred. Advanced degree in Business, Economics, Statistics or Mathematics is highly preferred.

    Minimum of 5 years' experience in pricing, revenue management or related roles.

    Strong analytical skills and attention to detail.

    Experience with Oracle and/or SAP preferred.

    Experience with Power BI preferred.

    Proficiency in advanced Excel and statistical methods used in pricing modeling and forecasting.

    Awareness of current industry pricing environment, competitive landscape and recent trends.

    Skill in distilling relevant facts from large data sets.

    Ability to identify root causes and synthesize responses.

    Benefits

    Medical, Dental, Vision and Prescription Drug Coverage

    Spending accounts (HSA, Health Care FSA and Dependent Care FSA)

    Paid Time Off and Holidays

    401k Retirement Plan with Matching Employer Contributions

    Life and Accidental Death & Dismemberment (AD&D) Insurance

    Paid Leaves

    Tuition Assistance

    About Regal Rexnord
    Regal Rexnord Corporation

    ("Regal Rexnord")


    is a leading manufacturer of electric motors, electrical motion controls, power generation and mechanical power transmission products and sub-systems, serving customers around the world in the general industrial, consumer, commercial construction, food & beverage, and alternative energy end markets, among others.

    Regal Rexnord sells its products and solutions to OEMs, through distributors, and directly to end-users. Regal Rexnord is a $7.2B company with 36,000 associates globally.
    You may not know it, but Regal Rexnord impacts your life every day.

    The company's products enable the fans in HVAC systems that keep us comfortable; the power source that keeps smart buildings running; the agricultural and food service equipment that keeps us fed; and the conveyer systems that keep e-commerce flowing, to name a few of the applications where our products are used.

    Regal Rexnord's business purpose is to create a better tomorrow by energy-efficiently converting power into motion. This means creating innovative solutions while focusing on both customer needs and the company's commitment to sustainability.

    The company's industrial powertrain and automation solutions offerings are an important part of the company's growth strategy.

    The company's strategy includes leveraging 80/20 to prioritize all activities, including product excellence, operational excellence and commercial excellence (i) driving organic sales growth through the introduction of innovative new products, with a particular focus on improving energy efficiency, (ii) establishing and maintaining new customers, as well as developing new opportunities with existing customers, (iii) participating in higher growth end markets and geographies, and (iv) identifying and consummating strategic, value creating acquisitions.

    Equal Employment Opportunity Statement

    Regal Rexnord is an Equal Opportunity and Affirmative Action Employer.

    All qualified applicants will receive consideration for employment without regard to race, color, religion, sex/gender, sexual orientation, gender identity, age, ancestry, national origin, marital status, citizenship status (unless required by the applicable law or government contract), disability or protected veteran status or any other status or characteristic protected by law.

    Regal Rexnord is committed to a diverse and inclusive workforce. We are committed to building a team that represents diverse and inclusive backgrounds, perspectives, and skills. If you'd like to view a copy of the company's affirmative action plan or policy statement, please email .

    If you have a disability and you believe you need a reasonable accommodation in order to search for a job opening or to submit an online application, please e-mail .

    Equal Employment Opportunity Posters
    Notification to Agencies
    :

    Please note that Regal Rexnord Corporation and its affiliates and subsidiaries ("Regal Rexnord") do not accept unsolicited resumes or calls from third-party recruiters or employment agencies.

    In the absence of a signed Master Service Agreement or similar contract and approval from HR to submit resumes for a specific requisition, Regal Rexnord will not consider or approve payment to any third-parties for hires made.

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