Pricing Director

The Norstella Pricing Director will report to the Global Head of Commercial Planning, Pricing and Alliances. They will play a pivotal role in identifying, proposing, and validating new pricing models, particularly as Norstella develops new AI/ML driven products and services, and support all aspects of pricing analysis across the Norstella business.

This role will be crucial in driving the growth and success of the business through advanced pricing analytics, data science, and modelling, as well as a deep understanding of novel pricing and packaging methodologies.

The successful candidate will have a significant business impact, advising on how products should be priced to drive sales and company profitability whilst staying highly competitive in the market.,

• Be an SME in pricing and packaging, remaining abreast of the latest trends in the sector and bringing that knowledge into their daily work.


• Recommend and build new pricing models, using statistical techniques for existing and new products


• Optimise and test pricing models


• Conduct data analysis to evaluate pricing performance and identify opportunities for optimization


• Own pricing KPIs, reporting and visualisation, with a specific focus on understanding price attainment (discounting) and price realization (growth).


• Conduct price elasticity analysis of all Norstella products and services in all segments and geographies.


• Conduct ad-hoc analysis to support specific pricing projects


• Undertake ROI/value analysis of Citeline products. Share findings as key inputs into pricing strategy.
  
  Have a commercial mindset, always looking to align our pricing to Norstella's three goals of driving new bookings, growing Annual Recurring Revenue (ARR), and growing EBITDA.


• Be organized, detail-oriented, and highly numerate.


• Be a strong team player with excellent interpersonal skills


• Have strong data and analytical skills, and be confident working with large volumes of complex data using SQL


• Be a confident Salesforce user and possess excellent Excel skills


• Have 4+ Years experience of working as a Pricing Analyst/Senior Pricing Analyst/Pricing Consultant within a commercial setting


• Have strong educational background ideally with a numerically focused degree


• Have a curious mindset, always staying up-to-date with the latest trends and best practices in pricing analytics, data science, and advanced modelling techniques, continuously seeking opportunities to enhance our pricing capabilities, Ability to travel into Norstella offices as necessary, and attend industry events may be required., We will persevere - even in difficult and challenging situations. Our ability to recover from missteps and failures in a positive way will help us to be successful in our mission.
  
  At Norstella, our mission is simple: to help our clients bring life-saving therapies to market quicker-and help patients in need.


Founded in 2022, but with history going back to 1939, Norstella unites best-in-class brands to help clients navigate the complexities at each step of the drug development life cycle -and get the right treatments to the right patients at the right time.

Each organization (Citeline, Evaluate, MMIT, Panalgo, The Dedham Group) delivers must-have answers for critical strategic and commercial decision-making. Together, via our market-leading brands, we help our clients:

• Citeline - accelerate the drug development cycle


• Evaluate - bring the right drugs to market


• MMIT - identify barrier to patient access


• Panalgo - turn data into insight faster


• The Dedham Group - think strategically for specialty therapeutics


By combining the efforts of each organization under Norstella, we can offer an even wider breadth of expertise, cutting-edge data solutions and expert advisory services alongside advanced technologies such as real-world data, machine learning and predictive analytics. As one of the largest global pharma intelligence solution providers, Norstella has a footprint across the globe with teams of experts delivering world class solutions in the USA, UK, The Netherlands, Japan, China and India., We have a lofty mission to Smooth Access to Life Saving Therapies and we will get there by being bold and passionate about the mission and our clients. Our clients and the mission in what we are trying to accomplish must be in the forefront of our minds in everything we do.


• 25 days annual leave, 4 days for volunteering and a personal day


• 5% pension match


• Group Life Assurance (100% employer funded)


• Group Income Protection (100% employer funded)


• Other voluntary benefits such as: Dental, Cash Plan, PMI Excess Cover, Health Screening & Critical Illness