A career with MilliporeSigma is an ongoing journey of discovery: our 52,000 people are shaping how the world lives, works and plays through next generation advancements in healthcare, life science and performance materials. For more than 350 years and across the world we have passionately pursued our curiosity to find novel and vibrant ways of enhancing the lives of others. MilliporeSigma is a business of Merck KGaA, Darmstadt, Germany.
Your Role: The Customer Specific Pricing (CSP) Coach is responsible for coaching the Research North America Sales Team on structuring customer specific pricing (CSP) agreements. In particular, the CSP Coach will be responsible for making recommendations on structure and pricing for CSP agreements and for coaching sales team members on the negotiation with the customer and the agreement implementation process. This role is both strategic and analytical, working with sales to drive better pricing agreement outcomes, higher margins and purchase volumes – ultimately gaining market share and achieving revenue goals. Location: St. Louis, MO or Burlington, MA preferred, but remote field-based will be considered. Additional responsibilities include:
- Drive successful, more profitable, higher volume CSP agreements with top customers.
- Contributes to price-stickiness through CSP renewals
- Has a pulse on pricing trends, market intelligence, opportunities for improvement to inform pricing strategy and pricing priorities
- Collaborates with sales to create pricing agreements for high volume customers with annual spend over $500K as well as select smaller but strategic opportunity customers.
- Leverages pricing impact analysis to inform new CSP agreements and renewal of existing agreements.
- Makes recommendations on the structure and discount levels in CSP agreements based on insight into historical customer price and spend, customer segment and industry trends, product margins and strategic priorities.
- Coaches sales on CSP process, B2B pricing implementation and agreement execution.
- Most importantly, provides sales with strategies and credible arguments to support the negotiation process and for driving customer acceptance of pricing agreements. Socializes and trains sales team on pricing agreement and negotiating best practices.
- Analyzes CSP agreements in aggregate to understand pricing trends by product SKU, product hierarchy and customer segment.
- Analyzes the potential impact of various CSP pricing strategies on profitability and sales volume.
- Responsible for measuring and evaluating the success of the implemented agreements relative to the business case initially negotiated at regular intervals and suggesting course correction.
- Monitors competitive, industry, and customer segment pricing trends in order to create competitively positioned CSPs. Provides sales and sales leadership with analysis of and recommendations for CSP pricing effectiveness.
- As part of the approval workflow, the CSP Pricing Coach reviews and approves pricing agreements when discount level is above seller and first line sales manager approval levels. Ensures pricing agreements are profitable and discount levels are justified.
- Provides insights to Sales, Global and Regional Pricing Teams, and other pricing stakeholders to inform CSP pricing governance, pricing tools effectiveness, data stewardship, and CSP process improvement.
- Supports the design and implementation of technological tools and solutions for pricing effectiveness.
Who you are:
- BS with 8+ years’ experience, MS with 3+ years’ experience
- Experience in sales, pricing analytics, finance, or corporate strategy-based role in a B2B environment. Must have experience negotiating large-scale contracts.
- Data-driven with strong analytical skills, deriving insight from complex data sets and multiple data sources.
- Demonstrated proficiency in Excel and BI reporting tools. Experience with Tableau, SFDC and SAP preferred.
- Clear understanding of sales process and customer purchasing psychology.
- Strong written and verbal communication skills with demonstrated ability to translate complex data into actionable strategies and tactics.
- Ability to influence and collaborate effectively with cross-functional partners including sales, marketing, strategy & operational teams
- Attention to detail and proven organizational and time management skills. Maintains SLAs on turnaround times.
- Bachelor’s degree in business, finance, marketing, statistics or economics.
- 3+ years of experience in sales, pricing analytics, finance, or corporate strategy-based role in a B2B environment. Must have experience negotiating large-scale contracts. Life Science industry experience a plus.
What we offer: With us, there are always opportunities to break new ground. We empower you to fulfil your ambitions, and our diverse businesses offer various career moves to seek new horizons. We trust you with responsibility early on and support you to draw your own career map that is responsive to your aspirations and priorities in life. Join us and bring your curiosity to life!
Curious? Apply and find more information at https://jobs.vibrantm.com
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