Pricing and Promotion Manager Job at Midea in Parsippany

About Midea America

Midea America Corp. is a U.S. subsidiary within Midea Group, the Fortune 500 giant known for making life easier for millions around the globe. As the world's top maker of home appliances, Midea is proud of its 166,000+ employees and presence in 200+ countries, including here in the U.S.

Headquartered in Parsippany, N.J., with an innovation hub in Louisville, Kentucky, Midea America is dedicated to providing practical innovations that surprise and delight, creating moments to cherish at home.

Midea's lineup of appliances - from refrigerators to air conditioners, laundry solutions and floor care - are high quality, reliable, and affordable. By thoughtfully engineering performance, convenience, and design into every product, Midea delivers on the promise of every appliance - to make your life a little easier.

Job Summary:

• This key role within the PP&T (Pricing, Promotion, and Trade Investments) Team focuses on pricing execution and promotion planning.
• The Pricing and Promotion Manager partners closely with Product Marketing, Sales, and Finance to drive top-line growth and profitability.
• The role involves developing and executing pricing strategies, analyzing market trends, and providing meaningful insights for improvements.
• The successful candidate will also contribute to long-term strategic price promotion and trade terms planning while ensuring compliance with company guidelines and local regulations.

Job Responsibilities:

• Develop and execute standard pricing across all product categories and channels
• Partner with Product teams to develop appropriate price positioning within category value tiers
• Ensure price positioning is properly aligned with brand identity and relative to competitive set within the marketplace
• Evaluate pricing requests based on internal standards and guidelines
• Develop and execute promotion calendar across all product categories and channels
• Collaborate with Product Marketing teams to develop long-term promotion calendar strategy
• Collaborate with cross-functional teams to develop promotion plans and assess the cost of trade investments
• Analyze the impact of pricing on volume and profitability, incorporating models for investment scenarios and potential pricing/promotion adjustments
• Partner with Sales Team to refine customer/channel specific promotional strategies
• Ensure pricing and margin rates across channels are aligned with broader pricing strategies and financial goals

Qualifications:

• Bachelors degree in Business, Finance, Economics, Mathematics or related discipline.
• Minimum 6 years in Pricing and Promotion in Home Appliance or Consumer Electronics industry
• Home Appliance industry experience is preferred
• Experience working across multiple levels and functions of an organization
• Self-motivated and detail oriented with the ability to perform well in a fast-paced and changing environment
• Pricing strategy, Financial analysis, Revenue management, Promotion planning, Competitive analysis
• Advanced Excel skills required

Medical, Dental, Vision, PTO and other leaves

Midea America Corp. is an equal opportunity employer. We do not discriminate based upon race, religion, color, national origin, gender (including pregnancy, childbirth, or related medical conditions), sexual orientation, gender identity, gender expression, age, status as a protected veteran, status as an individual with a disability, or other applicable legally protected characteristics.