Manager, Product Pricing

4 weeks ago

Markham, Ontario, Canada Hyundai Auto Canada Corp. Full time

Monday, March 18, 2024

Hyundai Auto Canada Corp., located in the heart of Markham, Ontario, and is a subsidiary of the esteemed Hyundai Motor Company of Korea. We are also a thriving hub of innovation, automotive excellence, and sheer driving passion. Our journey at Hyundai Canada takes us across the entire spectrum of automobiles, from subcompacts to luxurious premium sedans and the adventurous world of sport utility and crossovers. But we're about more than just cars. We're about crafting an exceptional experience that goes beyond the road.

Here at Hyundai Canada, we don't just hire team members; we embrace a team of individuals who are the driving force behind our growth and our unique culture. We're a dynamic, fast-paced environment where each day unfolds with fresh opportunities and exciting challenges. Our award-winning culture thrives on innovation, the exchange of new ideas, and a relentless pursuit of pushing boundaries.

WHAT YOU WILL DO

You will be responsible for the development and approval of vehicle pricing and revenue strategies for all Hyundai and Genesis models. In addition, you will provide competitive & market intelligence as well as Zero-Emission Vehicle (ZEV)/Greenhouse gas (GHG) Compliance profit-generating strategies to support the Product and Sales Teams. This key role will be responsible for developing market-based pricing proposals and implementation of pricing and production mix strategies to achieve product competitiveness, corporate profit, and sales targets. This role will be supported by one direct report:Competitive Intelligence & Pricing Specialist.

HOW WILL YOU MAKE AN IMPACT

  • Developing and approving through Executive Management pricing & revenue strategies for both Hyundai and Genesis brands
  • Managing the development of robust commercial pricing models; clearly presenting inputs and outputs from the models to senior leaders and other stakeholders to drive decision making. This includes various inputs, such as volume discounts, margins, etc.
  • Developing and monitoring annual product revenue/margin targets and performance across portfolio.
  • Staying current and monitoring pricing performance in order to develop and refine pricing strategies and models and to maintain product competitiveness within our industry.
  • Partnering with the various product managers to establish and drive pricing vision, strategy, and plans to optimize revenue, market share, brand positioning and long-term profits by category and customer type.
  • Support the development of business case analysis for strategic projects (i.e. Long-range portfolio management, International tariff and sourcing, Compliance credit opportunities, General revenue generation projects, Long-term investment to environmental projects, etc.) in order to advise senior leaders on the most financially sustainable course of action.
  • Single-point of contact and managing strategic partnership with various vendors including JD Power, ALG, Canadian Black Book (CBB) and ChromeData, to ensure residual values of portfolio which are most accurate and competitive in the market, in order to optimize profitable sales structure.
  • Overseeing collection, analysis and distribution of relevant industry research to best advise senior leaders on both short-term and long-term product/pricing strategies.
  • Maintaining collaborative working relationships with multiple teams across the organization to understand the business landscape and to share information.
  • Maintaining close collaboration with counterparts in North America Regional Office in order to align with overall regional product and pricing strategies.
  • Closely work with multiple stakeholders to ensure pricing/profit deliverables are met on time to meet the vehicle launch schedules.
  • Manage the Competitive Intelligence & Pricing Specialist role to support the department deliverables while helping to develop the employee for future roles at HAC.
  • Work closely and take direction from the National Manager, Product Line Management to build reports, presentations and obtain pricing approvals.

WHAT YOU WILL BRING TO THE ROLE

  • 7+ years of experience in a related field. Previous experience in the automotive industry is highly desired.
  • Strong understanding of the Automotive industry and competitive landscape.
  • Highly knowledgeable of Product financial information and profitability calculations.
  • Assertive team player, ability to positively influence without direct authority to drive deliverables.
  • Experience working with unstructured datasets and disparate data sources.
  • Proficient in Microsoft Office suite with emphasis on MS Excel and PowerPoint; confident with intermediate functions, modelling and dashboard creation.
  • Excellent organizational and analytical skills; detail-oriented, self-starter and forward thinking.
  • Excellent written, verbal and Executive level communication skills.
  • Strong work ethic with internal motivation to succeed.
  • Bilingual (Korean/English) is preferred but not required.

WHAT HYUNDAI CANADA CAN OFFER YOU

  • Award-Winning Work Culture
  • Health Benefits Start Day One
  • Vehicle Leasing Program
  • Flexible start times and Hybrid working environment
  • RRSP Matching
  • Maternity and Parental Leave Top-Up
  • Career Development and Mentoring Program
  • Tuition Reimbursement Support

WHAT HAPPENS NEXT

The first round of candidates will be reviewed on or before March 28, 2024. All applicants prior to the review date will receive a Plum Assessment to complete to help us learn more about what drives you

STILL INTERESTED? WHY NOT APPLY?

If you are excited about this role, the automotive industry, or Hyundai Canada, why not apply? Even if you don't meet every item listed above, or if you have never worked in automotive, we would love to hear from you. The secret to our recruitment success, real humans are reviewing resumes. There are no bots or algorithms in our process, so why not give it try and let us get to know you?

We are committed to providing employees with an experience that will help them grow and develop professionally. Ideal candidates are self-starters, team players and thrive in a dynamic environment. If you are looking to build your career with a growing organization where you can use your knowledge, skills and talents, consider joining our team.

Hyundai Auto Canada Corp. is committed to being an equal opportunity employer. We are also committed to meeting the needs of people with disabilities and their accessibility requirements. If you require accommodation during the interview process, please let us know and we will take all reasonable steps required to meet your accessibility requirements.

We thank all applicants for their interest; only candidates selected to proceed in the recruitment process will be contacted.

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