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SRM Pricing Analyst
LOCATION: Newark, NJ, US, 07102
JOB CATEGORY: Finance
REQUISITION NUMBER: 211903
A mutually rewarding experience.
Work. Realize your ambitions. And realize there’s more to being in business than just making a profit. That’s the Mars philosophy. And the opportunity we offer every one of our Associates. An opportunity to take what you do and make it mean more for you, for those around you and for the planet. What you get here is challenging, interesting work. You get the tools you need to do a great job and you get to have the best possible people on your side to help you do it. And at the same time as getting to find ways to do business better today than we did it yesterday and driving a great career, you also get to build a more enlightened business and drive sustainability.
Because it’s never just about a single person, a single project or a single brand. It’s about how you can grab everything that’s within your reach here and use it to pursue mutual, long-term gain. It’s about having ideas. And ideals. Being prepared to risk failure because the promise of success means we’ll all be a little better off. It’s that mix of integrity and ambition that makes Mars such a special place to work. And why working here is always about more than just a job.
About Mars, Incorporated
Mars is a family-owned business with more than a century of history making diverse products and offering services for people and the pets people love. With almost $35 billion in sales, the company is a global business that produces some of the world’s best-loved brands: M&M’s®, SNICKERS®, TWIX®, MILKY WAY®, DOVE®, PEDIGREE®, ROYAL CANIN®, WHISKAS®, EXTRA®, ORBIT®, 5™, SKITTLES®, UNCLE BEN’S®, MARS DRINKS and COCOAVIA®. Mars also provides veterinary health services that include BANFIELD® Pet Hospitals, Blue Pearl®, VCA® and Pet Partners™. Headquartered in McLean, VA, Mars operates in more than 80 countries. The Mars Five Principles – Quality, Responsibility, Mutuality, Efficiency and Freedom – inspire its more than 100,000 Associates to create value for all its partners and deliver growth they are proud of every day.
Mars Wrigley Confectionery is looking for a SRM Pricing Analyst to work in Hackettstown, NJ and move to the Newark, NJ new Hub office by July 2020.
The SRM Pricing Analyst (this role) reports to the SRM Pricing Manager serving as a key business partner for Sales and CBU/Marketing teams. This analyst role is an integral member of the local centre of excellence team for pricing, helping build an understanding of the retail pricing value chain for the development and execution of MWC pricing strategies for profitable category growth with customers. The primary objectives for the SRM Pricing Analyst are to:
•Assess portfolio pricing & category profit pool performance to inform pricing strategy and execution plans. Monitor and analyze pricing information to create a holistic Price Value chain view of the MWC portfolio, ensuring category, consumer, customer, company (CBU) and competitive impacts are well-understood and integrated within pack-price recommendations and execution plans.
•Support the delivery of portfolio Net price realization and product mix plans. Work closely with the SRM Pricing Manager and CBU teams to set annual pricing & mix targets, establishing clear net pricing corridors across Blockbuster SKUs. This includes helping to reduce potential portfolio financial risks caused by Cross border Operations/Parallel trade, working with the Regional Pricing Council and leveraging pricing tools such as ‘Sonar’ where available’
•Improve organization understanding of Pricing through regular and informative reporting and insights. This includes working with other functions to consolidate a range of different data sources (internal & external) to ensure the effects of pricing on the category, consumer, customer, company (CBU) and competition are understood through robust reporting and KPI’s and these are part of local Pricing Council forums
•Own the creation and maintenance of the CBU brand pack price architecture curve reporting and analysis (from RRP to List Price & TNP) to ensure a clear understanding of the portfolios architecture and recommended trade margins and profit pools, and partner with:
o CBU/Marketing teams to help inform ongoing gaps in portfolio for
About the company
Mars is an American global manufacturer of confectionery, pet food, and other food products and a provider of animal care services, with US$33 billion in annual sales in 2015,and is ranked as the 6th largest privately held company in the United States