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Head of Pricing

2 weeks ago

Singapore ZALORA SOUTH EAST ASIA PTE LTD Full time

Reporting to the Chief Revenue Officer (CRO), this role will be responsible for leading the company Pricing Team. You will be accountable for maximizing business profits and meeting the strategic direction of the business through effective management of all aspects related to the prices of the merchandise. As the leader and manager of the pricing team you will coach and mentor team members to achieve business goals through the creation of the next generation of pricing tools, systems and processes. You are the sparring partner of the Merch Director and will work closely with Head of Planning, Head of Analytics and Data team, driving data driven profit optimisation for Zalora

**Responsibilities**:

- Define together with the Merch Director and CRO the overall pricing strategy of Zalora
- Define and control the overall company Markdown Model, highlighting risks and opportunities to exec & management team
- Fully own the development and improvement of the Zalora Markdown Model, and represent the Zalora point of view in the parallel creation of a Global Pricing Engine by GFG team, signing off on developments and change management
- Set up the Pricing calendar, owning all the processes and signing off on the final seasonal input for the model
- Report overall inventory holding and different types of profit contribution
- Drive ML model that consider elasticity for maximization of profitability together with the head of RevA
- Define and implement overall company markdown strategy in regards to the key company objectives
- Closely work with head of merchandising to define campaigns strategy, calendar and day to day team execution
- Represent in the WSSI/reforecast meeting the pricing and inventory point of view, driving major budget reallocation based on elasticity and assortment productivity
- Help in Defining the strategy of the current & new tools to use in the wider Commercial team
- Directly manage and develop a team of 4 or 5 analysts/pricers, with the potential of setting up a standing alone development team (1 or 2 developers) and directly working with GFG team for the global pricing engine. Possible expansion in ID and PH, Russia, Latin America
- Helps to develop pricing skills in cross functional & peer group
- Evaluate existing processes to develop improvements, standardizations, and best practices

**Requirements**:

- Previous experience working for an eCommerce Fashion retailer is desirable
- 5+ years in Pricing, merchandising/campaign management exposure is essential
- Excellent attention to detail and analytical skills for large data set
- Proficient in Tableau as well as experience with Python, SQL and NoSQL databases such as DynamoDB.
- Strong commercial acumen & instinctive trading skills
- Ability to communicate at all levels with an open and honest approach
- Exceptional organizational skills with the ability to meet deadlines & work under pressure
- Proactive mindset with the ambition to drive improvements
- Degree in business, finance of quant study
**What sets you apart from the rest?**
- You're true to your customers and passionate about WOW-ing them every day
- You don’t just deliver what’s expected, you dream big and are obsessed with making improvements
- You simply get things done. Enough said.
- You've got your colleagues’ backs because you know that together, we are stronger
**The ZALORA Story**

ZALORA is Asia’s leading online fashion, beauty and lifestyle destination, part of Global Fashion Group. As one of the region’s pioneer large scale e-commerce platforms, ZALORA has established a strong presence throughout the region, particularly in Singapore, Indonesia, Malaysia, Brunei, the Philippines, Hong Kong, and in Taiwan, enjoying over 50 million visits per month.L4s6zzSAQa