Price Management Officer

Overview

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This role will perform to implement customer pricing (Brands and T1s, the manufacturers of Brands) to ensure the end-to-end workflow from initiating price changes, approval, price data update in systems to market implementation in a timely, accurately & effectively manner to support business profitable and sustainable growth. This role will require to perform operational aspects of pricing including but not limited to analysis, reporting, data update and maintenance, discrepancy and issue handling to ensure comprehensiveness and accuracy to the Commercial needs & requirement and compliance to Coats policy and market regulations.

Main Responsibilities:

• Perform seasonal or day-to-day implementation of price changes to ensure the end-to-end workflow from price change initiation, price change approval, price data update in systems to market implementation are followed up, executed and implemented timely, accurately and effectively
• Collaborate and communicate with Global Accounts Team, Direct Sales Team, Finance Team and other functional teams as required to ensure price implementation is executed seamlessly and timely
• Ensure updated price is communicated internally to all stakeholders timely and effectively
• Ensure all data and documents are maintained properly for internal and external traceability and auditing purpose

• Perform price & margin analysis and reporting as required to support effective price implementation timely, accurately and effectively
• Monitor customer price, market trends and competitor price as required
• Acquire additional information needed from other functional teams to support price & margin analysis e.g production cost, material cost etc.
• Identify and report any price discrepancies and issues and propose resolutions

• Acquire and follow up for price approval based on DOA (Delegation of Approval)
• Ensure price change is updated & maintained in respective tools or systems timely and accurately
• Ensure price change is communicated to Global Accounts, Direct Sales and Customer Service team timely and accurately
• Ensure price quotation or customer-specific documents are updated and communicated to customers and respective internal functional teams timely and accurately
• Handle daily price enquiries from internal functional teams e.g. "what is current price offer of ABC items to XYZ customer?"
• Customer price check and validation with price master data being maintained
• Collect and consolidate information from respective functional teams as required for price analysis and reporting purposes
• Ensure all data and documents are maintained properly for internal and external traceability and auditing purpose

• University/college graduate with at least 2 years of experience in material pricing, costing and/or accounting
• Strong analytical skill and problem-solving skill
• Attention to detail
• Strong growth mind-set; challenge status quo, always look for continuous improvement
• Strong collaboration and work as ONE TEAM within the team and with other functional colleagues
• Effective verbal and written communication in Chinese and Vietnamese