Manager, Pricing Strategy
Company: McDonald's Corporation
Location: Chicago
Posted on: October 8, 2024
Job Description:
Company Description:McDonald's is proud to be one of the most
recognized brands in the world, with restaurants in over 100
countries that serve 70 million customers daily. We continue to
operate from a position of strength. Our updated growth strategy is
focused on staying ahead of what our customers want and realizing
further growth potential. Our relentless ambition is why McDonald's
remains one of the world's leading corporations after almost 70
years. Joining McDonald's means thinking big and preparing for a
career that can have influence around the world.At McDonald's, we
see every day as a chance to create positive impact. We lead
through our values centered on inclusivity, service, integrity,
community and family. From support of Ronald McDonald House
Charities to our Youth Opportunity project and sustainability
initiatives, our values keep us dedicated to using our scale for
good: good for our customers, people, industry and planet. We also
offer a broad range of outstanding benefits including a sabbatical
program, tuition assistance and flexible work arrangements.We are
enjoying the flexibility of a hybrid work model, in which employees
spend part of their week connecting with co-workers in our
state-of-the-art headquarters. Located in the booming West Loop of
downtown Chicago, it's set up to be a global hub that cultivates
collaboration:
- Take a class at Hamburger University
- Sample future items in our Test Kitchen
- Utilize the latest technology to connect with your team around
the globeWe are an equal opportunity employer committed to the
diversity of our crew members, staff, operators, and suppliers. We
promote an inclusive work environment that creates feel-good
moments for everyone.Job Description:The U.S. Pricing & Value
Strategy team provides thought leadership, business intelligence
and impactful insights to support the company's key growth
platforms. It is a high-profile, hard-working team that interacts
frequently with senior leadership and various regional leadership
partners. The U.S. Pricing & Value Strategy team is looking for an
experienced Pricing Strategy & Analytics Manager.The Pricing
Strategy & Analytics Manager will be expected to provide
substantial business analysis, insights, and foresight to
understand and drive performance of the business. This individual
will lead pricing analytics and shape pricing strategy,
architecture, planning and recommendations both nationally and
regionally.A successful manager candidate is an active problem
solver - someone who has the natural curiosity to understand
business performance drivers through utilizing large datasets,
integrating various information sources and applying analytical
skills in developing strategies and recommendations. At the same
time, the candidate needs to be able to effectively communicate the
results through storytelling and visualization. Lastly, the
candidate needs to be able to support and lead pricing research
studies and lead pricing tests to inform longer-term pricing
strategy.Key Accountabilities:
- Develop business cases and build awareness of pricing decisions
across the system
- Communicate optimally in both written and verbal manners to
convey relevant analysis
- Work with menu & marketing strategy to understand strategic
role of menu items, shape pricing strategy, ensuring menu pricing
architecture aligns with menu strategy/role
- Evaluate menu merchandising to assess how pricing shows up to
the customer to evaluate strategies and menu architecture
- Support pricing planning process both nationally and
regionally
- Develop and enhance pricing performance management
reporting
- Identify key strategies and size pricing opportunities for
long-term strategic planning
- Develop and deploy pricing research and testing plans,
including: identifying opportunities for pricing focused research,
development of a research and testing calendar, deployment of
in-market tests, and management of strategic stakeholder
communications
- Support & maintain the relationship with our price
vendors.
- Deploy strategic pricing initiatives, including formulation and
communication of pricing recommendations to support new product
offerings, LTOs, and other national initiatives
- Use pricing tools and analysis of trends and opportunities and
facilitate pricing meetings with key partners when needed
- Demonstrate people leadership including setting goals and
coaching and developing 1 direct reportKey Competencies:
- Proactive, results driven and active problem solver
- Analytic Insight: Capability and experience analyzing large
amounts of data using multiple data sources, develop analysis
templates/tools and synthesize various findings into impactful
recommendations
- Ability to frame business opportunities and develop clear,
concise and compelling executive-ready communications to various
audience groups with minimal mentorshipQualifications:
- 5+ years of professional experience; including 2+ years in
consulting, client services and/or pricing advisory or
strategy
- MBA or Masters in Finance, Economics, Math preferred
- A strategic problem solver who is proactive in providing
valuable insights and strong leadership skills
- Excellent communication skills (oral and written)
- Strong analytical capabilities with experience in working with
analytical teams and translating outputs into impactful
insights
- Knowledge of pricing and promotion dynamics, multi-tier pricing
environment, long-term impact of pricing decisions
- Sophisticated Excel and PowerPoint skills required. Experience
working with Tableau and/or other data visualization
preferred.Additional Information:McDonald's is an equal opportunity
employer committed to the diversity of our workforce. We promote an
inclusive work environment that creates feel-good moments for
everyone. McDonald's provides reasonable accommodations to
qualified individuals with disabilities as part of the application
or hiring process or to perform the essential functions of their
job. If you need assistance accessing or reading this job posting
or otherwise feel you need an accommodation during the application
or hiring process, please contact . Reasonable accommodations will
be determined on a case-by-case basis.McDonald's provides equal
employment opportunities to all employees and applicants for
employment and prohibits discrimination and harassment of any type
without regard to sex, sex stereotyping, pregnancy (including
pregnancy, childbirth, and medical conditions related to pregnancy,
childbirth, or breastfeeding), race, color, religion, ancestry or
national origin, age, disability status, medical condition, marital
status, sexual orientation, gender, gender identity, gender
expression, transgender status, protected military or veteran
status, citizenship status, genetic information, or any other
characteristic protected by federal, state or local laws. This
policy applies to all terms and conditions of employment, including
recruiting, hiring, placement, promotion, termination, layoff,
recall, transfer, leaves of absence, compensation and
training.Nothing in this job posting or description should be
construed as an offer or guarantee of employment.
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Keywords: McDonald's Corporation, Glenview , Manager, Pricing Strategy, Executive , Chicago, Illinois
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