Principal Pricing Manager at Discover (Chicago, IL)
Discover. A brighter future.
With us, you’ll do meaningful work from Day 1. Our collaborative culture is built on three core behaviors: We Play to Win, We Get Better Every Day & We Succeed Together. And we mean it — we want you to grow and make a difference at one of the world's leading digital banking and payments companies. We value what makes you unique so that you have an opportunity to shine.
Come build your future, while being the reason millions of people find a brighter financial future with Discover.Job Description
Responsible for pricing strategies and solutions that drive revenue yield and the advancement of pricing infrastructure. Manage and grow revenue yield thru creation of pricing strategies as well as determining system solutions, recommendations of pricing proposals and negotiation strategies that incorporate competitive pricing practices and cross-functional implications. Responsible for working with internal departments to ensure that necessary parties understand the explanation of those strategies, and that strategies are implemented and communicated properly. Applies knowledge of revenue drivers, rates and fees for a wide variety of external client types as well as systems support pricing components. Manage a pipeline of pricing initiatives and requests under evaluation for review and approval ensuring requests are evaluated in a consistent and manner and audit, risk and governance requirements are met. Works closely with personnel across all functions, including Senior Management, in determines solutions that contribute to various strategy efforts, pricing systems enhancements and other initiatives designed to grow the business, sales volume and revenue.
Accountable for pricing strategy and communication of revenue, rates and fees for respective clients, markets or management. Drives revenue and manages yield for area of responsibility.
Lead cross-functional teams to solve business problems using pricing solutions, collaborating and coordinating with a range of internal stakeholders to make recommendations on a wide range of business issues
Formulate mathematical analytics or visual representations of business initiatives/problems, related constants and variables, alternatives, or requirements
Create/enhance the procedures and business rules required to support stated policy, as well as the documentation and communication of policy both internally and externally
Stay abreast of competitive pricing trends and used for key initiative and strategies as well as analytics, client and product strategies and risk assessments
Responsible for annual plans, monthly forecasts and performance tracking for respective area
Role is open to remote locations
Minimum-Bachelors in Finance, Economics, Business, Accounting, Marketing
6+ years of experience in Pricing, Financial Services, Transaction Processing, Management Consulting, or related
Preferred-Masters in Finance, Economics, Business, Accounting, Marketing
8+ years of experience in Pricing, Financial Services, Transaction Processing, Management Consulting, or related
In Lieu of Education-10+ years of experience in Pricing, Financial Services, Transaction Processing, Management Consulting, or related
What are you waiting for? Apply today!
The same way we treat our employees is how we treat all applicants – with respect. Discover Financial Services is an equal opportunity employer (EEO is the law). We thrive on diversity & inclusion. You will be treated fairly throughout our recruiting process and without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, or veteran status in consideration for a career at Discover.