What does a pricing coordinator do?
A pricing coordinator is responsible for conducting data and statistical analysis to determine the appropriate pricing plans according to market conditions and public demands. Pricing coordinators analyze financial and business reports to identify pricing techniques that would minimize the company's loss and maximize profits reasonably. They also identify business opportunities that would generate revenues, assess market competitions, and evaluate sales reports. A pricing coordinator must have excellent communication and analytical skills to collect cost information and measure revenue assets.
Pricing coordinator responsibilities
Here are examples of responsibilities from real pricing coordinator resumes:
- Manage vendor claims processing by ensuring all items are on file and the stores have the correct information in the AS400.
- Manage and coordinate the workload of the release team members and are responsible for organizing and hosting all production release windows.
- Provide timely customer service to stores when there are UPC, SKU or PO issues.
- Call in problems with equipment such as (RF's) or printers.
- Change daily sales, mark downs, markups, scan out penny stock, damages and RTVs.
- Perform bookkeeping and payroll duties.
- Used a RF gun to conduct store audits.
- Used AS400 systems to enter key information for the research coordinators.
- Reorganize department from the ground up to improve efficiency and cleanliness.
- Price a range of securities using sources such as Bloomberg and Reuters.
- Go over all inventory and corporate reports for price, placement and UPC changes.
- Assist in processing RTVs, price changes, mark out of stocks and damages as needed.
- Enter Wal-Mart wholesaler pricing into RPI system and set up new Wal-Mart store information into integrated database.
- Facilitate with vendor onboarding and management including Bloomberg, IDC, Reuters, Markit, and CME.
- Perform promotional ad setup and take down, set plan-o-grams, redress mannequins, help with pad reset.
Pricing coordinator skills and personality traits
We calculated that 35% of Pricing Coordinators are proficient in Quality Customer Service, Sales Floor, and Responsive Customer Service. They’re also known for soft skills such as Detail oriented, Customer-service skills, and Math skills.
We break down the percentage of Pricing Coordinators that have these skills listed on their resume here:
- Quality Customer Service, 35%
Worked directly with meat, produce, grocery departments, and Store Director to achieve quality customer service.
- Sales Floor, 13%
Developed new competitor shopping process, resulting in improved efficiency, sales floor price tagging, and customer price impressions.
- Responsive Customer Service, 12%
Enhanced customer relationship by utilizing professional, quick and responsive customer service skills.
- Data Entry, 6%
Performed detailed financial data entry and analysis of customer pricing data, promotional pricing, profit margins, and related information.
- System Tasks, 6%
Performed audits of the special order books, restocked missing items or new inserts, and reviewed/completed all system tasks.
- Store Merchandise, 5%
Stock duties included shipping and receiving of store merchandise such as furniture, baby foods, baby gear and clothing.
Common skills that a pricing coordinator uses to do their job include "quality customer service," "sales floor," and "responsive customer service." You can find details on the most important pricing coordinator responsibilities below.
Detail oriented. The most essential soft skill for a pricing coordinator to carry out their responsibilities is detail oriented. This skill is important for the role because "material and product inspecting clerks check items for defects, some of which are small and difficult to spot." Additionally, a pricing coordinator resume shows how their duties depend on detail oriented: "trained additional pos coordinators to ensure attention to detail and adherence to company policy. "
Customer-service skills. Another soft skill that's essential for fulfilling pricing coordinator duties is customer-service skills. The role rewards competence in this skill because "stock clerks sometimes interact with customers in retail stores and may have to get the item the customer is looking for from the storeroom." According to a pricing coordinator resume, here's how pricing coordinators can utilize customer-service skills in their job responsibilities: "worked closely with store management to improve customer service issues. "
Math skills. This is an important skill for pricing coordinators to perform their duties. For an example of how pricing coordinator responsibilities depend on this skill, consider that "some material recording clerks use math to calculate shipping costs or take measurements." This excerpt from a resume also shows how vital it is to everyday roles and responsibilities of a pricing coordinator: "used business math for bookkeeping to balance stores revenue. ".
Communication skills. pricing coordinator responsibilities often require "communication skills." The duties that rely on this skill are shown by the fact that "production, planning, and expediting clerks are frequently in contact with suppliers, vendors, and production managers and need to communicate the firm’s scheduling needs effectively." This resume example shows what pricing coordinators do with communication skills on a typical day: "maintain consistent communication with sales associates, department managers as well as all store management. "
The three companies that hire the most pricing coordinators are:
- Deloitte19 pricing coordinators jobs
- Rite Aid18 pricing coordinators jobs
- Bunzl Distribution11 pricing coordinators jobs
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Compare different pricing coordinators
Pricing coordinator vs. Sales leader
A Sales Leader's responsibility is more than just leading. Most of the tasks involve monitoring the progress of sales, creating strategies to attain financial gains, managing the workforce, and as well as suggesting and enforcing particular options that would be beneficial for the sales and the company. All while making sure that all actions adhere to the policies and standards of the company. Above all, a Sale's Leader must have the passion and determination to drive a team towards the company's goal.
These skill sets are where the common ground ends though. The responsibilities of a pricing coordinator are more likely to require skills like "excellent time management," "responsive customer service," "data entry," and "system tasks." On the other hand, a job as a sales leader requires skills like "product knowledge," "loss prevention," "customer satisfaction," and "store operations." As you can see, what employees do in each career varies considerably.
The education levels that sales leaders earn slightly differ from pricing coordinators. In particular, sales leaders are 1.0% more likely to graduate with a Master's Degree than a pricing coordinator. Additionally, they're 0.0% less likely to earn a Doctoral Degree.Pricing coordinator vs. Team leader
Team leaders are responsible for managing a team for a specific project or work component. They primarily guide the team members and ensure that they are still working towards the set goals. Team leaders create strategies to reach goals, cascade the goals and strategies to team members, assign tasks, conduct periodic check-ups on the roadmap towards the goals, foster an engaging work environment, motivate and coach team members, monitor team performance, evaluate the strategies and come up with mitigating plans as needed. They are also responsible for reporting the team's progress to higher management.
Each career also uses different skills, according to real pricing coordinator resumes. While pricing coordinator responsibilities can utilize skills like "excellent time management," "quality customer service," "responsive customer service," and "data entry," team leaders use skills like "ladders," "patients," "pet," and "safety procedures."
Team leaders earn higher levels of education than pricing coordinators in general. They're 5.8% more likely to graduate with a Master's Degree and 0.0% more likely to earn a Doctoral Degree.Pricing coordinator vs. Key holder
A keyholder is responsible for ensuring the store's daily security before and after the operation. Keyholders' duties include assisting with administrative tasks, handling customers' inquiries, managing and escalating customers' complaints, monitoring the alarm system, keeping track of the deliveries, supporting staff training, cooperating in company's events, and recommending operational strategies to meet business goals and objectives. A keyholder must have excellent customer service and time-management skills, as well as the ability to multi-task, especially during high customer volume.
Some important key differences between the two careers include a few of the skills necessary to fulfill the responsibilities of each. Some examples from pricing coordinator resumes include skills like "excellent time management," "responsive customer service," "data entry," and "system tasks," whereas a key holder is more likely to list skills in "product knowledge," "visual standards," "loss prevention," and "retail store. "
Key holders make a very good living in the manufacturing industry with an average annual salary of $30,477. On the other hand, pricing coordinators are paid the highest salary in the automotive industry, with average annual pay of $39,283.Most key holders achieve a similar degree level compared to pricing coordinators. For example, they're 1.5% less likely to graduate with a Master's Degree, and 0.1% less likely to earn a Doctoral Degree.Pricing coordinator vs. Management trainee
A management trainee's responsibilities will vary in the assigned industry or department. Most of the time, they function as administrative support where the tasks include processing documents and keeping records, preparing presentations, and analyzing reports. There are also instances when a management trainee must take part in implementing policies, crafting strategies, and observe in handling revenue and budget reports. Furthermore, a management trainee works under the supervision of a manager or supervisor, and it is essential to adhere to all policies and regulations at all times.
Types of pricing coordinator
Updated January 8, 2025
