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Senior Manager/Chief Manager - Group Pricing

ICICI Prudential Life

7.0 - 10.0 years

Mumbai

Work from Office

Role & responsibilities 1. Pricing Strategy & Execution Develop and implement pricing models for Group Term Life products across various segments (employer-employee, affinity, lender-borrower). Collaborate with distribution, underwriting, and product teams to tailor pricing to customer segment needs while ensuring profitability. Perform risk-based pricing by evaluating mortality assumptions, group demographics, and industry trends. 2. Profitability Management Monitor portfolio-level profitability on a periodic basis (monthly/quarterly). Identify and manage blocks that are underperforming and take corrective pricing or underwriting actions. Develop and track profitability KPIs like loss ratio...

Posted 4 days ago

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Lead Sales- Fermented organic manure

Reliance Industries Limited

0.0 years

Ludhiana, Punjab, India

On-site

We are seeking an energetic and driven Sales Manager/Lead to support and optimize key aspects of our supply chain, customer success, and go-to-market strategy. The ideal candidate will work cross-functionally with internal teams and external partners to ensure business growth and operational efficiency. Key Responsibilities Supply Chain & Logistics Management Ensure timely availability of inventory across all markets. Coordinate logistics operations to ensure seamless delivery and stock movement. Cross-Functional Collaboration & Customer Success Liaise with technical and operations teams to promptly resolve customer issues. Coordinate with product promoters to boost on-ground sales performan...

Posted 3 weeks ago

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Business Unit Head Manager

Manpowergroup Services India

16.0 - 26.0 years

4 - 6 Lacs

Thane, Maharashtra, India

On-site

Key Responsibilities: Revenue Growth & Market Expansion Achieve and exceed the division's sales and revenue targets. Develop and implement product strategies focused on new product development and targeted business growth. Expand presence with OEMs and Tier-1 suppliers to drive higher volumes. Lead go-to-market strategy for new geographies and customer segments. Sales & Business Development Leadership Lead the Sales & Marketing function aligned to divisional growth plans. Leverage CRM systems and data-driven insights for sales forecasting and performance tracking. Define pricing strategies and positioning within the global automotive ecosystem. Explore and establish partnerships, alliances, ...

Posted 4 weeks ago

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Exploring Pricing Strategy Jobs in India

The pricing strategy job market in India is rapidly growing as companies across various industries are realizing the importance of strategic pricing decisions. Pricing strategy professionals play a crucial role in helping organizations maximize their profits while staying competitive in the market.

Top Hiring Locations in India

Mumbai
Delhi
Bangalore
Hyderabad
Chennai

Average Salary Range

The average salary range for pricing strategy professionals in India varies based on experience and location. Entry-level professionals can expect to earn around INR 6-8 lakhs per annum, while experienced professionals with 5+ years of experience can earn upwards of INR 15 lakhs per annum.

Career Path

In the field of pricing strategy, a typical career path may include roles such as Pricing Analyst, Pricing Manager, Senior Pricing Manager, and eventually Chief Pricing Officer. As professionals gain experience and expertise in pricing strategies, they can advance to higher-level positions with more responsibilities.

Related Skills

Apart from expertise in pricing strategy, professionals in this field are often expected to have strong analytical skills, knowledge of market trends, proficiency in data analysis tools, and excellent communication skills to collaborate with various stakeholders.

Interview Questions

What factors do you consider when setting a pricing strategy for a new product? (medium)
Can you give an example of a successful pricing strategy you implemented in your previous role? (advanced)
How do you handle price objections from customers? (basic)
What pricing models are you familiar with? (medium)
How do you stay updated with market trends that could impact pricing decisions? (basic)
Explain the difference between cost-based pricing and value-based pricing. (medium)
How do you determine the optimal pricing for a product in a competitive market? (advanced)
Have you ever conducted a pricing analysis using regression analysis? If so, can you explain the process? (advanced)
What are some common pricing strategies used in the e-commerce industry? (medium)
How do you ensure pricing consistency across different sales channels? (basic)
What metrics do you use to measure the success of a pricing strategy? (medium)
How do you handle pricing changes in response to changes in market demand? (basic)
Can you explain the concept of price elasticity of demand and its significance in pricing decisions? (advanced)
How do you collaborate with sales and marketing teams to implement pricing strategies effectively? (medium)
Describe a time when you had to adjust pricing strategies due to changes in the regulatory environment. (advanced)
How do you factor in customer segmentation when designing pricing strategies? (medium)
What tools or software do you use for pricing analysis and strategy development? (basic)
How do you handle situations where competitors undercut your pricing? (medium)
Can you walk us through your process of conducting a pricing audit? (advanced)
How do you assess the profitability of a pricing strategy over time? (medium)
What role does customer feedback play in shaping pricing strategies? (basic)
How do you ensure pricing alignment with overall business objectives? (medium)
What strategies do you employ to combat price wars in the market? (advanced)
How do you approach dynamic pricing in a rapidly changing market? (medium)
Can you give an example of a pricing mistake you made in the past and how you rectified it? (advanced)

Closing Remark

As you explore opportunities in the pricing strategy field in India, remember to showcase your expertise, problem-solving skills, and ability to drive profitable growth through strategic pricing decisions. Prepare well for interviews by practicing common pricing strategy scenarios and demonstrate your value to potential employers confidently. Good luck on your job search journey!

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