Purpose of Role:
Category Pricing Strategy:
Under Category Pricing Strategy the primary purpose of this role is to develop and deliver pricing strategies, recommendations and guardrails for all product categories for their assigned merchandising division. Their primary focus will be on creating, updating, and optimizing pricing recommendations aligned with the Lowe's enterprise pricing framework development. The pricing manager will ensure that all financial and business targets are achieved for their merchandising area and that they are seen as a true partner and subject matter expert within the Merchandising organization.
Strategic Initiatives:
Under strategic initiatives the Manager Pricing will identify and lead key projects that drive forward strategic priorities for Lowe's, including but not limited to, Markdown optimization, Localization strategies, and/or Pro share. This role is charged with understanding customers' values, business strategies and determining optimal approaches for meeting their needs. Each project will be tailored to achieve the desired goals, and through this role, the Manager will provide leadership and guidance to the team. This role will identify project risk and work with cross functional teams to develop mitigation plans. This position will identify key tollgates and communicate regularly status updates to senior leadership.
Analytics & Insights:
Under Analytics & Insights the primary purpose of this role to develop and execute a pricing analytics and science roadmap for Lowe's. This role will lead a team of onshore and offshore analysts to apply advanced analytical concepts in support of designing and executing Lowe's pricing strategy. This team will assist Lowe's in understanding the effectiveness of various strategies and promotions and will partner closely with Technology to develop tools and capabilities for use by the Pricing organization. Lastly, this team will provide insights gathered from the data that can be applied to pricing strategies for competitive advantage.
Responsibility Statements:
• Responsible for using new tools and capabilities to deliver competitive pricing recommendations across the full product life cycle to their partners.
• Ensures that pricing and promotional strategies are developed, implemented, measured, and monitored effectively and efficiently through proprietary and third-party tools, analysis, and reporting.
• Develops and presents communications, frequently to senior leadership, that convey the right message in an effective way to the appropriate audience.
• Collaborates with other Pricing, Promotions, and Credit teams to create synergies between teams, share a cohesive vision, and foster an environment of communication and collaboration.
• Examines and streamlines work flows and processes within the team to increase efficiency.
REQUIRED EDUCATION/EXPERIENCE:
• Bachelor's Degree in Business Administration, Finance, Statistics, or related field and 6+ years’ experience in Pricing, Data Analytics, Finance, Omni-channel Retailing, or related pricing and promotion field. Experience working in cross-functional teams, data elements or financial metrics analyses
OR
• 9+ years’ experience in Price Management, Merchandising, Financial Planning and Analysis, Store Operations, or Logistics. Experience as a Lead Merchant and/or Pricing Lead in an omni-channel retail environment. Experience working in cross-functional teams, leadership with direct report responsibility, data elements or financial metrics analyses
• At least 2 years of experience working closely with senior leadership (VP and above)
PREFERRED EDUCATION/EXPERIENCE:
• Experience in the Home Improvement industry
• Experience analyzing competitive data
About Lowe’s:
Lowe’s Companies, Inc. (NYSE: LOW) is a FORTUNE® 50 home improvement company serving approximately 18 million customers a week in the United States and Canada. With fiscal year 2019 sales of $72.1 billion, Lowe’s and its related businesses operate or service more than 2,200 home improvement and hardware stores and employ approximately 300,000 associates. Based in Mooresville, N.C., Lowe’s supports its hometown Charlotte region and all communities it serves through programs focused on creating safe, affordable housing and helping to develop the next generation of skilled trade experts. For more information, visit Lowes.com.
About Lowe’s in the Community
As a FORTUNE® 50 home improvement company, Lowe’s is committed to creating safe, affordable housing and helping to develop the next generation of skilled trade experts through nonprofit partnerships. Across every community we serve, Lowe’s associates donate their time and expertise through the Lowe’s Heroes volunteer program. For the latest news, visit Newsroom.Lowes.com or follow @LowesMedia on Twitter.
Lowe’s is an equal opportunity affirmative action employer and administers all personnel practices without regard to race, color, religion, sex, age, national origin, disability, sexual orientation, gender identity or expression, marital status, veteran status, genetics or any other category protected under applicable law.