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Product & Pricing Manager

2 weeks ago

Jeddah, Makkah Province, Saudi Arabia Abdullah Hashim Co. Ltd Full time 900,000 - 1,200,000 per year

Job Purpose:
To manage the full product lifecycle and pricing strategy to maximize profitability, competitiveness, and market growth. The Product & Pricing Manager oversees product portfolio planning, market analysis, pricing structures, and supports sales and marketing teams with data-driven insights and product positioning.
Responsibilities and
Duties:

  • Manage the full product lifecycle planning, launch, performance monitoring, and phase-out.
  • Conduct market research to identify trends, customer needs, and competitive positioning.
  • Define product positioning, specifications, and value propositions.
  • Collaborate with sales, marketing, and technical teams to support new product introductions.
  • Monitor product performance and propose improvements or adjustments.
  • Develop and implement pricing strategies to enhance competitiveness and profitability.
  • Analyze market pricing, competitor offerings, and cost structures to recommend pricing updates.
  • Set wholesale, retail, and promotional pricing in coordination with finance and sales teams.
  • Monitor margins and profitability by product line and recommend corrective actions.
  • Support tender pricing and special project quotations.
  • Conduct regular market and competitive analysis to support decision-making.
  • Prepare pricing and product performance reports for senior management.
  • Identify business opportunities and gaps in the market to expand product offerings.
  • Work closely with marketing to develop product communication and launch strategies.
  • Support sales with product knowledge, pricing rationales, and commercial support.
  • Coordinate with supply chain and inventory teams to ensure product availability and forecasting accuracy.
  • Evaluate the financial viability of new products and pricing changes.
  • Provide profitability, elasticity, and cost-impact analysis for proposed price adjustments.
  • Control product-related budgets and contribute to annual business planning.

**Education
:**

  • Bachelors degree in Business Administration, Marketing, Economics, or related field.
  • Masters degree (MBA) is an advantage.

**Experience
:**

  • 5 - 7 years of experience in product management, pricing, or commercial roles.
  • Experience in automotive, consumer electronics, retail, power products, or related industries is preferred.
  • Strong understanding of product lifecycle and pricing models.

**Competencies
:**

  • Strong analytical and financial modeling skills.
  • Excellent understanding of market dynamics and competitive strategy.
  • Effective communication and presentation abilities.
  • Proficiency in Excel, data analysis tools, and ERP/CRM systems.
  • Strategic thinking with strong commercial acumen.
  • Ability to work cross-functionally and manage multiple projects.