Job Information
Discover Principal Pricing Specialist (Payments) in Riverwoods, Illinois
Discover. A brighter future.
With us, you’ll do meaningful work from Day 1. Our collaborative culture is built on three core behaviors: We Play to Win, We Get Better Every Day & We Succeed Together. And we mean it — we want you to grow and make a difference at one of the world's leading digital banking and payments companies. We value what makes you unique so that you have an opportunity to shine.
Come build your future, while being the reason millions of people find a brighter financial future with Discover.
Job Description:
Responsible for pricing strategies and solutions that drive revenue yield and the advancement of pricing infrastructure. Manages and grows revenue yield by creating pricing strategies as well as determining system solutions, recommending pricing proposals, and negotiating strategies that incorporate competitive pricing practices and cross-functional implications.
Responsible for working with internal departments to ensure that necessary parties understand the explanation of those strategies, and that strategies are implemented and communicated properly. Applies knowledge of revenue drivers, rates, and fees for a wide variety of external client types as well as systems support pricing components.
Manage a pipeline of pricing initiatives and requests under evaluation for review and approval, ensuring requests are evaluated in a consistent manner and audit, risk, and governance requirements are met. Works closely with personnel across all functions, including Senior Management, in determining solutions that contribute to various strategy efforts, pricing systems enhancements, and other initiatives designed to grow the business, sales volume, and revenue.
Actively manages and escalates risk and customer-impacting issues within the day-to-day role to management.
Responsibilities
Accountable for pricing strategy and communicating revenue, rates, and fees for respective clients, markets, or management. Drives revenue and manages yield for area of responsibility.
Leads cross-functional teams to solve business problems using pricing solutions, collaborating, and coordinating with a range of internal stakeholders to make recommendations on a wide range of business issues.
Formulates mathematical analytics or visual representations of business initiatives/problems, related constants and variables, alternatives, or requirements.
Creates/Enhances the procedures and business rules required to support stated policy, as well as the documentation and communication of policy both internally and externally.
Stays abreast of competitive pricing trends used for key initiative and strategies as well as analytics, client and product strategies, and risk assessments.
Responsible for annual plans, monthly forecasts, and performance tracking for respective area.
Minimum Qualifications
At a minimum, here’s what we need from you:
Bachelor's Degree in Finance, Economics, Business Administration and Management, Accounting, Marketing, or related field
6+ years of experience in Pricing, Financial Services, Transaction Processing, Management Consulting, or related
In lieu of a degree, 10+ years of experience in Pricing, Financial Services, Transaction Processing, Management Consulting, or related
Preferred Qualifications
If we had our say, we’d also look for:
Master's Degree in Finance, Economics, Business Administration and Management, Accounting, Marketing, or related field
8+ years of experience in Pricing, Financial Services, Transaction Processing, Management Consulting, or related
Data analysis and automation skills including Excel, Python, R, Stata, SQL
FP&A/Financial Analytics experience
#LI-BP1
Application Deadline:
The application window for this position is anticipated to close on Jun-24-2024. We encourage you to apply as soon as possible. The posting may be available past this date, but it is not guaranteed.
Compensation:
The base pay for this position generally ranges between $88,500.00 to $149,300.00. Additional incentives may be provided as part of a market competitive total compensation package. Factors, such as but not limited to, geographical location, relevant experience, education, and skill level may impact the pay for this position.
Benefits:
We also offer a range of benefits and programs based on eligibility. These benefits include:
Paid Parental Leave
Paid Time Off
401(k) Plan
Medical, Dental, Vision, & Health Savings Account
STD, Life, LTD and AD&D
Recognition Program
Education Assistance
Commuter Benefits
Family Support Programs
Employee Stock Purchase Plan
Learn more at mydiscoverbenefits.com .
What are you waiting for? Apply today!
All Discover employees place our customers at the very center of our work. To deliver on our promises to our customers, each of us contribute every day to a culture that values compliance and risk management.
Discover is committed to a diverse and inclusive workplace. Discover is an equal opportunity employer and does not discriminate on the basis of race, color, religion, sex, sexual orientation, gender identity, national origin, age, disability, protected veteran status, or other legally protected status. (Know Your Rights & Pay Transparency Nondiscrimination Provision) (https://www.dol.gov/agencies/ofccp/posters)
Discover complies with federal, state, and local laws applicable to qualified individuals with disabilities and is committed to providing reasonable accommodations. If you require a reasonable accommodation to search for a position, to complete an application, and/or to participate in an interview, please email HireAccommodation@discover.com . Any information you provide regarding your accommodation needs will be kept confidential and will only be used to determine and provide necessary accommodation.