Sr Manager, Price Strategy

The primary purpose of this role is to transform the pricing capabilities of Rite Aid from a manual and fragmented architecture to a retail leading pricing team overseeing cost and retails. The role will be responsible for overhauling and rebuilding the retail price & cost process, systems, tools, analytical cadence, organizational structure, competitive price scrape quality and frequency, and strategic investments by category. The Sr Manager will assist in developing short term and long-term roadmap to modernize the pricing retail and cost architecture. **

ESSENTIAL DUTIES AND RESPONSIBILITIES**

• Develop and lead an action-based, data driven team that establishes a customer-led and competitor informed retail price strategy; drive pricing strategies from conception to implementation, engage cross-functional leaders in the development and socialization of new strategies, and influence key stakeholders to ensure buy-in; restructure price architecture rules to maximize item relationships, brand relationships and own brand price positioning; monitor key pricing metrics for implemented strategies and improve performance on an ongoing basis

40%

• Cultivate a data-driven analytical review environment with the team and across stakeholders to identify margin enhancement opportunities or customer value perception investments; identify key insights from analyses, cutting through large amounts of data to quickly identify trends and implications on sourcing strategy & approach; assist in developing a short and long-range roadmap to modernize and automate our cost and retail systems into an agile tech stack. Reviewing scalable machine learning, advanced analytics solutions, and deep learning techniques to quantitatively plan retail changes and validate accuracy of cost changes

20%

• Manage and execute entire projects from start to finish including packaging business cases, cross-functional project management, data gathering and manipulation, analysis and modeling, and communication of insights and recommendations; translate insights into action, reporting on findings to category management and senior management. Use analytics to prepare for critical retail changes and support promotional and clearance tactics

20%

• Express clear points of view and conclusions to a wide range of internal and external audiences through effective story telling via presentations, white papers and slide presentations for the merchandise leaders, supplier partners, Senior and Executive Leadership Team, and Board of Directors; collaborates effectively across, and at multiple levels, of the organization. Able to effectively communicate complex information to a variety of audiences

20% **

EDUCATION REQUIREMENTS**

Bachelor Degree: Ideally in a merchandise / retailer background (e.g. vendor management, merchandise strategy, strategic consulting, etc.) **

Required**

LICENSES/CERTIFICATIONS

Driver’s license for business travel, or other reason **

Required**

KNOWLEDGE, SKILLS AND ABILITIES

Strong financial knowledge & business acumen leveraging internal and external data and demonstrated success in driving decision making through insights. Ability to take ambiguous problem and structure analytics to solve that problem **

Required**

Proven ability to manage large and complicated projects with specific experience leading cross-functional projects. Ability to operate simultaneously and effectively in both tactical and strategic modes **

Required**

Highly polished communication and interpersonal skills - speaking, writing, presenting and negotiating. Strong ability to collaborate across teams **

Required**

Track record of results in setting strategy and running a large volume, high-profile business with experience creating and setting annual operating plans **

Required**

Strong problem-solving skills with ability to prioritize and multi-task with a “bias for action” **

Required**

Ability to translate insights from analytics and reports into actionable process for negotiating lower cogs **

Required**

Superior analytical and quantitative skills, comfortable with complex financial data; proficiency in analytics tools (Excel required, experience with Tableau/ Power BI, Alteryx, Matlab, Minitab) **

Required**

Strong track record of recruiting, hiring and developing talent **

WORK EXPERIENCE**

7 years of experience in Relevant level experience in professional or business services, retail, operations, and/or business management/consulting with a proven history of delivering results **

Required**

7 years of experience in Merchandising, category management, or merchandise strategy. Experience in pricing and promotion, inventory management, and product development **

Required**

5 years of experience in Hiring and managing a team **

Required**

5 years of experience in Experience with merchandising analytics and/ or category management in retail **

Required**

5 years of experience in Experience creating and setting annual operating plans **

Required**

The typical starting pay range for this position is between $112,300 -$144,800

annually, although wages can very based on experience and geography.