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Life’s Good at LG!

At LG, we deliver products and services that make lives better, easier and happier through increased functionality and fun. Put simply, we offer the latest innovations to make “Life Good” – from home appliances, consumer electronics to business innovations in digital signage, air conditioning, solar and LED lighting. As a global leader, we strive for greatness in product leadership, market leadership and people leadership to realize our growth strategies.

We strongly believe that our people’s competitive spirit, proactive leadership, and expertise helps drive the company forward. As such, LG is the right place for you if:

You are a smart cookie. You like to dig into the data and find creative solutions.

You are motivated and driven. You thrive on a challenge and want to be No. 1. 

You are a people person. You like helping people out and you want to understand where they’re coming from.        

You’re honest and you will speak up (politely, of course!), but you do it because you care and because it’s the right thing to do. 

The Opportunity

This is a fantastic opportunity to join our Planning & GTM team as an Pricing Manager (HE). Our team is responsible for supporting our Sales, Product and Marketing teams with meaningful data and insight to help position our products in the best way. As a Pricing Manager for HE, you will play a key role in the ranging and price & promotion strategy. As a Pricing Manager you will be expected to own the documentation, create compelling presentations and be able to discuss product roadmaps and strategies.

Your Role & Responsibilities

Channel Price Management & Product Roadmap

Take responsibility for retailers ranging process to place right models at right price in each channel.

Analyse channel characteristics and be involved in setting up channel strategy.

Understand retailer’s actual margin level and set up margin matrix. 

Analysis for Consolidated Operation Income monthly to secure business profit

Monitor retailers’ margin with market price tracker.

Monitor retailers’ execution on product line up with product facing analysis.

Monitor price erosion rate by retailer (including Retailer Margin Tracker) by weekly & monthly

Channel Price Management & Product Roadmap

Take responsibility for retailers ranging process to place right models at right price in each channel.

Analyse channel characteristics and be involved in setting up channel strategy.

Understand retailer’s actual margin level and set up margin matrix. 

Analysis for Consolidated Operation Income monthly to secure business profit

Monitor retailers’ margin with market price tracker.

Monitor retailers’ execution on product line up with product facing analysis.

Monitor price erosion rate by retailer (including Retailer Margin Tracker) by weekly & monthly

Promotional Calendar (include Price promotion as well as Value Added Promotion strategy by retailer)

Set up pre-planned promotional calendar (20 weeks) by channel & models.

Monthly review for next 8 weeks of promotion plan(include Price promotion as well as Value Added promotion)

Own weekly promotion meeting

Return on Invest analysis and learning for next promotion plans. (focus on Price position vs. sell out trend)

Seek for new kinds of promotional tools so liaise with marketing team.

Co-work with marketing team to align promo plan & marketing plan aligned. 

Sell-out management

Sell-out performance analysis by channel & products on weekly basis.

Sales progress check and set up action plan if necessary

Lead weekly business meeting to check long term sales projection

Market Intelligence

Monthly Market Audit data analysis on Market and competitors (GFK)

Monitoring retailers’ promotion activity and range allocation to competitors.

Weekly Monitoring competitors’ product, range, pricing and marketing activity

Daily checking on pricing & Promotion monitoring of LG & Competitors.

Internal Data management

Daily Pricing tracker by Retailer include margin structure / Quarterly health check-up for price strategic

Daily / Monthly Sales Report, COI Report, Historical Sale report by retailer etc.)

Skills, Education & Experience

·         Educated to degree level in related discipline or equivalent experience required

·         Strong knowledge on financial reporting, cost structure, and sales deduction in consumer goods industry

·         Commercial acumen with an ability to provide commercial & promotional insights with actionable recommendation under tight timescales across business functions

·         Advanced knowledge of Microsoft Excel and Powerpoint are required.

·         Knowledge of return on investment modelling

·         Experience of communicating and presenting data with an emphasis on the insight the data delivers

·         Good understanding of the UK retail landscape

·         Excellent project management experience & Time management

·         Excellent communication skills; listening, explaining, interpreting, analysing, arbitrating, negotiating, decision making.

·         Proven problem solving skills with the ability to balance conflicting interest

·         A strong team player who is able to motivate, persuade and influence others

·         Experience of working within a performance management environment (KPI’s)

Your Benefits

·         9% Employer Contribution into your Pension

·         Life Assurance

·         Private Healthcare (including optical & dental) for you and your family

·         25 Days’ Annual Leave (+ Public Holidays)

·         Staff Discount

·         Subsidised Cafeteria

·         Car Allowance or Company Car

Our Equal Opportunities Statement

LG Electronics U.K. Ltd is an equal opportunities employer. We welcome applications from all suitable persons regardless of race, sex, disability, religion/belief, sexual orientation or age.

Right to Work

Please note that any job offer made will be conditional on the individual holding a legal right to work in the United Kingdom by the time employment commences.