US Pricing Manager

At Siemens, we take pride in enabling sustainable progress through technology. We empower our customers by combining the real and digital worlds, improving how we live, work, and move today and for the next generation. We know that the only way a business can thrive is if our people are thriving. That’s why we always put our people first. Our global, diverse team would be happy to support you and challenge you to grow in new ways. Who knows where our shared journey will take you?

Transform the everyday with us.

Our Smart Buildings Business help to create efficient, safe, adaptable, and responsible environments. Our aim isn’t just about improving buildings; it’s about creating perfect places that improve people’s lives. The U.S. Pricing Manager role is ideally based in Buffalo Grove, IL; however, remote applicants will be considered based on experience: It’s reporting to the Smart Infrastructure (SI B) Head of Sales and the SI B Finance Head.

Mission of Function:

• Design and implement of the Pricing strategy to ensure the success of the SI B PRO business in the US to enable profitable growth
• Ensure that pricing is an integral discipline of the sales and marketing strategy for Product Business
• Align positioning of product selling prices to market potential and existing competition, harvesting Siemens brand premium
• Set the basis to maximize growth and enhance customer loyalty
• Focus management attention on pricing excellence- internal and external.
• Actively drive the transfer price process and responsible for developing, implementing, and maintaining transfer pricing policies and procedures. This role requires a deep understanding of transfer pricing principles

Key Responsibilities:

• Governance owner for the translation of the Global Pricing Policy and directives in the US and foreign markets
• Owner of the Local Pricing Policy derived from Global Pricing Directive: Act as the primary source of price communication for sales and product management through extensive price measurement and understanding of product prices within global and local markets
• Manage the Annual Planning Cycle for Price Setting processes and activities within the US and the countries served out of the US:
• Coordinate the setting of RLP/LLP (Reference/Local List Prices) defining the right positioning versus competition
• Define the discount matrix and tier pricing strategy for the local US market
• Managing the intra company business pricing strategy
• Define the transfer prices for the export business
• Coordinate the communication of Yearly General Price Increase
• Leverage Pricing Analytics and push implementation of actions to improve pricing intelligence. Key expert for AI Pricing Suite topics like Discount Recommender and Data Driven Discount Guideline
• Support the preparation of business cases for Price repositioning decisions
• Support pricing aspects of Siemens IT tools for sales (Sie Sales, SIE Quote, I-Mall) and order fulfillment (SAP systems)
• Assist in creating, maintaining, and reviewing SAP master data related to product configuration changes.
• Project Promotion and special pricing Governance Owner and process lead ensuring a coordinated work between LCB and TU
• Tracking of Product Price Realization (PPR) and Customer Price Development (CPD) KPIs
• Lead the transfer price definition process in close collaboration between all involved stakeholders to gather relevant data and information for transfer pricing purposes.
• Secure transfer pricing documentation as per internal procedures and drive digitalization opportunities to streamline this process. Manage contracts and agreements regarding transfer pricing.
• Prepare documentation and support clarifications for tax audits in close cooperation with Corporate Tax Department.
• Provide guidance and training to internal stakeholders on transfer pricing matters.
• Support transfer pricing audits and inquiries from tax authorities and conduct international transfer pricing projects.
• Active member of the Global Pricing Community

Qualifications:

Basic Qualifications:

• Degree in Business Administration or a related field
• Minimum experience of 3+ years in the field of transfer pricing. Strong knowledge of transfer pricing principles and international tax regulations
• 5 + years of pricing management or a related field, including solid exposure to managing pricing processes, implementing pricing initiatives, and creating pricing process documentation

Preferred Qualifications

• Utilize strong analytical and strategic thinking skills to develop data-driven pricing strategies.
• Apply expertise in pricing strategies and market trends to drive profitability.
• Collaborate with cross-functional teams, including product, sales, and finance, to optimize pricing decisions.
• Conduct in-depth pricing analysis, evaluating margin impact, competitor pricing, and market trends.
• Monitor and report on pricing performance, identifying opportunities for improvement.
• Develop and implement pricing proposals for new products and services.
• Support the creation of promotional campaigns and conduct cost-benefit analyses to maximize revenue.
• Stay informed on market dynamics, competitor pricing strategies, and industry best practices.

You will benefit from:

• Siemens offers a variety of health and wellness benefits to employees. Details regarding our benefits can be found here https://www.benefitsquickstart.com/siemens/index.html . The pay range for this position is $118,300 - $202,800 and the annual commission target is 15% of the base salary. The actual wage offered may be lower or higher depending on budget and candidate experience, knowledge, skills, qualifications and premium geographic location.

Equal Employment Opportunity Statement
Siemens is an Equal Opportunity and Affirmative Action Employer encouraging diversity in the workplace. All qualified applicants will receive consideration for employment without regard to their race, color, creed, religion, national origin, citizenship status, ancestry, sex, age, physical or mental disability unrelated to ability, marital status, family responsibilities, pregnancy, genetic information, sexual orientation, gender expression, gender identity, transgender, sex stereotyping, order of protection status, protected veteran or military status, or an unfavorable discharge from military service, and other categories protected by federal, state or local law.

Reasonable Accommodations
If you require a reasonable accommodation in completing a job application, interviewing, completing any pre-employment testing, or otherwise participating in the employee selection process, please fill out the accommodations form by clicking on this link Accommodation for disability form. If you’re unable to complete the form, you can reach out to our AskHR team for support at 1-866-743-6367. Please note our AskHR representatives do not have visibility of application or interview status.