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Senior Pricing & Promotions Manager (Media Entertainment Solutions)

LG ElectronicsEnglewood Cliffs🇺🇸United States

Quick overview

Salary$140k/yr

SeniorityMid Senior

Work modeHybrid

LocationEnglewood Cliffs, United States

Financial AnalysisFinancial ModelingForecastingFreshdeskMental HealthData AnalysisDiversity & InclusionMicrosoft Excel

Job description

Step into the innovative world of LG Electronics. As a global leader in technology, LG Electronics is dedicated to creating innovative solutions for a better life. Our brand promise, 'Life's Good', embodies our commitment to ensuring a happier life for all. We have a rich history spanning over six decades and a global presence in over 290 locations. Our diverse portfolio includes Home Appliance Solutions, Media Entertainment Solutions, Vehicle Solutions, and Eco Solutions. Our management philosophy, "Jeong-do Management," embodies our commitment to high ethical standards and transparent operations. Grounded in the principles of 'Customer-Value Creation' and 'People-Oriented Management', these values shape our corporate culture, fostering creativity, diversity, and integrity. At LG, we believe in the power of collective wisdom through an inclusive work environment. Join us and become a part of a company that is shaping the future of technology. At LG, we strive to make Life Good for Everyone.

Summary

Responsible for developing and executing category pricing strategies and promotional plan initiatives that drive profitable sales growth and support business objectives across key retail, e-commerce, club, and distribution channels. Leads pricing and promotional planning and financial analysis to optimize revenue, market share, and profitability throughout the product lifecycle.

Partners closely with Sales, Product Management, Sales Finance Management, Supply Chain, and retailer stakeholders to establish competitive pricing, evaluate promotional opportunities, and ensure execution. Provides business insights and recommendations through financial modeling, profitability analysis, and performance tracking to support strategic decision-making and achieve corporate growth objectives.

Responsibilities

Plan and manage long-term promotional roadmaps taking into consideration supply availability, channel inventory levels, competitive activities, and financial objectives.
Review and evaluate promotional requests from the Sales organization and provide recommendations that support positive profitability while avoiding channel conflicts.
Develop new product launch pricing strategies, account-specific pricing structures, and margin negotiations across all channels.
Serve as the primary point of contact for the Sales organization regarding pricing and promotions.
Lead promotion and margin negotiations with all accounts.
Oversee MDF (Market Development Fund) program, including review and approval of funding requests and management of monthly and annual budgets.
Perform promotional cost analysis, financial forecasting, and profitability simulations to support promotion planning and budget management.
Partner with cross-functional teams to prepare and communicate roadmap updates, price sheets, SPIFF bulletins, and other sales communications on a weekly and monthly basis.
Maintain a high level of accuracy, organization, and attention to detail while managing multiple priorities in a fast-paced environment.
Demonstrate strong interpersonal, communication, negotiation, and relationship management skills when working with internal and external stakeholders.
Provide leadership, coaching, and strategic direction to support organizational performance and talent development.

Qualifications

Bachelor's degree is required
10+ years advanced experience and previous consumer electronics industry experience preferred.
Strong analytical and financial modeling skills.
Experience with pricing strategy, promotions, and budget management.
Advanced Excel and data analysis capabilities.
Excellent communication, presentation, and negotiation skills.
Ability to manage multiple projects and deadlines with strong attention to detail.
Proven ability to work cross-functionally and influence decision-making across organizations.
Must have strong work ethic and ability to work beyond business hours as needed to meet weekly/monthly deadlines.

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Recruiting Range

$140,000—$180,000 USD

Benefits Offered Full-Time Employees:

No-cost employee premiums for you and your eligible dependents for competitive medical, dental, vision and prescription benefits.
Auto enrollment with immediate vesting of competitive company matching contributions in a 401(k) Retirement Savings Plan with several investment options.
Generous Paid Time Off program that includes company holidays and a combined bank of paid sick and vacation time.
Performance based Short-Term Incentives (varies by role).
Access to confidential mental health resources to help you and your loved ones improve your quality of life. Personal fitness goal incentives.
Family orientated benefits such as paid parental leave and support for families raising children with learning, social, behavioral challenges, or developmental disabilities.
Group Rate Life and Disability Insurance.

Benefits Offered Temporary/Contractors:

Eligible for the relevant benefit programs offered through our partner agencies.

Privacy Notice to California Applicants

Applicants who need assistance or a reasonable accommodation during the hiring process may contact our team by phone at: 973-477-7090 or support@lg4me.freshdesk.com. This email and phone number will only reply to accommodation requests and is not intended for general employment inquiries.

All qualified applicants will be considered for employment without regard to race, color, religion, sex (including pregnancy, sexual orientation, or gender identity), national origin, age, disability, genetic information, protected veteran status, or any other characteristic protected by applicable federal, state, or local law.

In addition to the above, LG believes that pay transparency is a key part of diversity, equity, and inclusion. Our salary ranges take into account many factors in making compensation decisions including but not limited to skillset, experience, licensure, certifications, internal equity, and other business needs. While we consider geographic pay differentials in final offers, because we operate in many geographies where applicable, the salary range listed may not reflect all geographic differentials applied.