Pricing Director
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- Full time
- Permanent
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Salary not available. View on company website.
Taylor and Francis, Milton Heights, Oxfordshire
- Onsite working
- Full time
- Permanent
Posted 1 day ago, 30 Mar
Job ref: 1932dce28302457998041846abe1e776
Full Job Description
The Pricing Director will be responsible for developing, implementing, and managing the pricing strategy for a diverse portfolio of print and digital products. Working across our Commercial, Marketing, Editorial, and Finance teams the objective of the post holder is to optimize pricing models for the business that maximize revenue and profitability while maintaining competitiveness and driving purchases from both B2B and B2C outlets. Educating stakeholders on pricing optimisation, the Pricing Director will embed into routine activity the importance of a dynamic pricing structure, working to change mindsets and capitalise on customer touchpoints for better pricing across T&F. By leveraging data analytics, market insights, and customer behaviour, the Pricing Director will ensure pricing strategies are dynamic, adaptive, and aligned with Taylor & Francis's strategic objectives., Pricing Strategy Development:
- Develop and execute comprehensive pricing strategies for new and existing products ensuring alignment with business goals and market trends.
- Leverage analytics and data to read market conditions, competitor pricing, and customer demand to identify opportunities for price optimization.
- Implement dynamic pricing models tailored to content, format, regional factors, and customer segments.
- Driving the growth and success of the business through the optimisation of advanced pricing analytics, data science, and modelling, as well as a deep understanding of novel pricing and packaging methodologies.
- Engage with the Editorial, Commercial, and Marketing teams to align pricing strategies with overall product positioning.
- Establish discounting, promotional, and bundling strategies to optimize revenue growth and enhance value perception.
- Lead the integration of pricing strategies into customer relationship management (CRM) systems, e-commerce platforms, and sales tools.
- Ensure a robust strategy for discount management that any promotions are not counter to revenue generation or product perception of value. Financial Analysis & Modelling:
- Utilize and plan for data gathering that enables in-depth pricing analysis using data-driven approaches to forecast sales volumes, revenues, and profitability.
- Bring to life for stakeholders the modelling of pricing scenarios and evaluate the potential financial impact of different pricing approaches. Advice on the best route forward based on the modelling input.
- Monitor product lifecycle stages, adjusting prices to maintain competitiveness and profitability.
- Provide recommendations on bundling, subscription models, and discount strategies to drive revenue and engagement. Competitive & Market Analysis:
- Perform global benchmarking to maintain competitive price positioning in key global markets.
- Evolve pricing models for digital publishing trends and ensure the new product ranges contribute to revenue.
- In the B2B space, ensure our pricing helps us to build long-term, commercially resilient, and profitable relationships with customers.
- Support M&A due diligence through the eyes of pricing and what future pricing opportunities new business would bring T&F. Stakeholder Collaboration:
- Work closely with sales, marketing, and editorial teams to establish pricing frameworks that support overall business strategy and maximize customer value. Continue to upskill stakeholders in these departments to develop better approaches to pricing.
- Support product development teams with financial insights to assess new product viability and pricing potential.
- Manage timely flow of pricing intelligence information across the business to relevant stakeholders.
- As requested, supported the tender process for key customers pricing tenders/large contracts/price agreements
- Collaborate with technology teams to ensure that pricing models are integrated into sales platforms, digital distribution systems, and analytics tools.
- Serve as the point of escalation for pricing decisions from across different teams. Pricing resources and tools
- Review data analysis to evaluate pricing performance and identify opportunities for optimization
- Regularly review and adjust pricing strategies based on sales data, customer feedback, and changing market conditions, making these readily available across the business to the right colleagues at the right time.
- Present pricing analysis and recommendations to senior leadership, providing insights into market conditions, pricing strategies, and performance.
- Identify best pricing systems/tools/AI for intelligent price management and introduce to the business.
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