Walmart Inc.

Manager II, Pricing

Posted on: 12 Apr 2021

Bentonville, AR

Job Description

Position Summary...

What you'll do...

* Evaluates advertising effectiveness or executes retail strategies for assigned strategic business units by analyzing pre- and post-advertisement release sales data and completing competitive or modular reviews; reviewing customer traffic; providing pre- and post-competitive advertised pricing reports to cross-functional teams; and collaborating with merchants to review data and identify areas for improvement in future advertisements.
* Develops retail pricing strategies of low to moderate complexity based on volume, product lines, competition, or category penetration for assigned categories under management guidance by determining known value items to be included in strategy; benchmarking comparable items sold by competitors; comparing current gap versus key competitors; determining perceptible gap; utilizing Walmart pricing systems to develop, improve, or modify strategy to maximize profit margin; ensuring strategies meet category and company objectives; and recommending promotion pricing strategies.
* Benchmarks competitor margins against company margins to ensure fair supplier pricing by evaluating trade fund allocation and cost components; obtaining cost increase justifications; and conducting market track (for example, Adview) analysis to determine on-sale and off-sale mix of competitors.
* Communicates pricing information and strategies for low- to medium-complexity categories by presenting information to the category team or category team leadership to persuade and influence others towards recommended pricing strategies; serving as a spokesperson on Walmart's competitive price gap and strategy performance on items in assigned categories; and providing clear performance measures of executed strategy to multiple levels of management.
* Manages the execution of promotional pricing strategies for assigned strategic business units by collaborating with cross-functional partners (for example, Merchandising, Pricing, Marketing) on promotional strategies and events; participating in item selections and pricing validation; validating item information and advertised pricing; evaluating item selections and ensuring consistency and compliance with applicable laws, company philosophy, and pricing strategies; determining needed changes (for example, additional item varieties, state specific changes); determining solutions to adapt to changing business needs; utilizing systems to enter item data; collaborating with internal teams to ensure system functionality; troubleshooting system issues; ensuring system functionality at store-level and resolving issues.
* Coordinates, completes, and oversees job-related activities and assignments by developing and maintaining relationships with key stakeholders; supporting plans and initiatives to meet customer and business needs; identifying and communicating goals and objectives; building accountability for and measuring progress in achieving results; identifying and addressing improvement opportunities; and demonstrating adaptability and promoting continuous learning.
* Provides supervision and development opportunities for associates by hiring and training; mentoring; assigning duties; providing recognition; and ensuring diversity awareness.
* Ensures compliance with company policies and procedures and supports company mission, values, and standards of ethics and integrity by implementing related action plans; utilizing and supporting the Open Door Policy; and providing direction and guidance on applying these in executing business processes and practices.

We would love to see...

* A background in Python, SQL, or other analytical tools.
* Ability to work cross-functionally with multiple business leaders.

Benefits & Perks:

Beyond competitive pay, you can receive incentive awards for your performance. Other great perks include 401(k) match, stock purchase plan, paid maternity and parental leave, PTO, multiple health plans, and much more.

Equal Opportunity Employer

Walmart, Inc. is an Equal Opportunity Employer By Choice. We believe we are best equipped to help our associates, customers and the communities we serve live better when we really know them. That means understanding, respecting and valuing diversity- unique styles, experiences, identities, ideas and opinions while being inclusive of all people.

Who We Are

Join Walmart and your work could help over 275 million global customers live better every week. Yes, we are the Fortune 1 company. But youll quickly find were a company who wants you to feel comfortable bringing your whole self to work. A career at Walmart is where the worlds most complex challenges meet a kinder way of life. Our mission spreads far beyond the walls of our stores. Join us and you'll discover why we are a world leader in diversity and inclusion, sustainability, and community involvement. From day one, youll be empowered and equipped to do the best work of your life. careers.walmart.com



Minimum Qualifications...

Outlined below are the required minimum qualifications for this position. If none are listed, there are no minimum qualifications.

Minimum Qualifications: Bachelors degree in Economics, Accounting, Finance, Business, Marketing, or related field and 2 years experience in merchandising, retail pricing, sourcing, operations management, finance, marketing, or related area OR 4 years experience in merchandising, retail pricing, sourcing, operations management, finance, marketing, or related area.



Preferred Qualifications...

Outlined below are the optional preferred qualifications for this position. If none are listed, there are no preferred qualifications.

Microsoft Office

Masters: Accounting, Masters: Economics, Masters: Marketing



Primary Location...

702 SW 8TH ST, BENTONVILLE, AR 72716, United States of America

Walmart Inc.

Bentonville, AR

Walmart Inc. is an American multinational retail corporation that operates a chain of hypermarkets, discount department stores, and grocery stores. Headquartered in Bentonville, Arkansas, the company was founded by Sam Walton in 1962 and incorporated on October 31, 1969. It also owns and operates Sam's Club retail warehouses. As of April 30, 2019, Walmart has 11,368 stores and clubs in 27 countries, operating under 55 different names. The company operates under the name Walmart in the United States and Canada, as Walmart de México y Centroamérica in Mexico and Central America, as Asda in the United Kingdom, as the Seiyu Group in Japan, and as Best Price in India. It has wholly owned operations in Argentina, Chile, Canada, and South Africa. Since August 2018, Walmart only holds a minority stake in Walmart Brasil, with 20% of the company's shares, and private equity firm Advent International holding 80% ownership of the company.

Walmart is the world's largest company by revenue—over US$500 billion, according to Fortune Global 500 list in 2018—as well as the largest private employer in the world with 2.2 million employees. It is a publicly traded family-owned business, as the company is controlled by the Walton family. Sam Walton's heirs own over 50 percent of Walmart through their holding company, Walton Enterprises, and through their individual holdings. Walmart was the largest U.S. grocery retailer in 2019, and 65 percent of Walmart's US$510.329 billion sales came from U.S. operations.

The company was listed on the New York Stock Exchange in 1972. By 1988, Walmart was the most profitable retailer in the U.S., and by October 1989, it had become the largest in terms of revenue. Originally geographically limited to the South and lower Midwest, by the early 1990s, the company had stores from coast to coast: Sam's Club opened in New Jersey in November 1989 and the first California outlet opened in Lancaster in July 1990. A Walmart in York, Pennsylvania opened in October 1990: the first main store in the Northeast.

Walmart's investments outside North America have seen mixed results: its operations and subsidiaries in the United Kingdom, South America, and China are highly successful, whereas its ventures in Germany and South Korea failed.

 

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