Sr Manager Pricing

Purpose of Role:

Pro Pricing Strategy: Responsible for the development and execution pricing strategies to support our Pro business. Activities include partnering with Pro sales teams to design pricing programs that meet the needs of various professional customer segments, working with Merchants to test and execute profitable pricing actions, and collaborating with Finance & IT teams to develop reporting and analytics to drive greater insights into the business.

Responsibility Statements:

Optimize Pricing Tactics: This role will lead and develop the team responsible for ensuring Lowe's Pro customer pricing strategies are implemented, measured, and optimized through the use of strategic pricing and modeling tools. This includes responsibility for driving the process to measure and monitor price & promotional strategies and tactics through the use of dashboards, visual analytics, and scorecards.

Lead Strategic Initiatives: This position will play a leading role in identifying and driving key strategic priorities for Lowe's, including but not limited to, program marketing, offer localization, and/or customer segmentation. This role is charged with understanding customers' values, business strategies and determining optimal approaches for meeting their needs. Each project will be tailored to achieve the desired goals, and through this role, the Sr. Manager will provide leadership and guidance to the team.

Develop Analytics & Insights: In this role, the Sr. Manager will develop and optimize pricing programs designed to drive sales with professional customers at Lowe's. This role will lead a team of analysts to apply advanced analytical concepts in support of designing and executing Lowe's pricing strategy. This team will assist Lowe's in understanding the effectiveness of various strategies and promotions and will partner closely with Technology to develop tools and capabilities for use by the Pricing organization.

Required Education/Experience:

• Bachelor’s degree in Business Administration, Finance, Marketing, Statistics, or related field
• 7 Years experience in Pricing, Data Analytics, Finance, Omni-channel Retailing, or related pricing and promotion field.
• Experience working in cross-functional teams, data elements or financial metrics analyses
• At least 2 years of experience working closely with senior leadership (VP and above) and 3 years of managing direct reports.

Preferred Education/Experience:

• MBA or other relevant Master’s degree
• Prior corporate retail pricing, promotions or competitive intelligence analytics or strategy experience
• 10 years of comparable experience plus 3 years of experience with price optimization solutions

About Lowe's
Lowe's Companies, Inc. (NYSE: LOW) is a FORTUNE® 50 home improvement company serving approximately 17 million customer transactions a week in the U.S. With total fiscal year 2022 sales of over $97 billion, approximately $92 billion of sales were generated in the U.S., where Lowe's operates over 1,700 home improvement stores and employs approximately 300,000 associates. Based in Mooresville, N.C., Lowe's supports the communities it serves through programs focused on creating safe, affordable housing and helping to develop the next generation of skilled trade experts. For more information, visit Lowes.com.

Lowe’s is an equal opportunity employer and administers all personnel practices without regard to race, color, religious creed, sex, gender, age, ancestry, national origin, mental or physical disability or medical condition, sexual orientation, gender identity or expression, marital status, military or veteran status, genetic information, or any other category protected under federal, state, or local law.