Pricing Specialist

3 weeks ago


Bengaluru, Karnataka, India Cognizant Full time

Role requirements: Work from office, 24/5 working window,

The Subject Matter Expert (SME) for Pricing Operations plays a critical role in ensuring the accuracy, efficiency, and compliance of all pricing-related activities within our BPO services. This individual will be the go-to expert for complex pricing inquiries, process adherence, and continuous improvement initiatives. They will be responsible for maintaining a deep understanding of client-specific pricing models, market dynamics, and operational best practices to support our clients' business objectives.

Key Responsibilities:

Pricing Process Expertise:

  • Serve as the primary point of contact and expert for all pricing-related processes, policies, and systems.
  • Maintain an in-depth understanding of various pricing models and their application within client contracts.
  • Interpret complex pricing agreements, terms, and conditions to ensure accurate setup and execution.

Issue Resolution & Escalation:

  • Investigate and resolve complex pricing discrepancies, billing errors, and system issues efficiently and accurately.
  • Collaborate with internal teams (e.g., Sales, Finance, IT, Client Services) and client stakeholders to resolve escalated pricing challenges.
  • Document solutions and ensure preventive measures are implemented for recurring issues.

Training & Knowledge Management:

  • Develop, update, and deliver comprehensive training materials and sessions for new hires and existing team members on pricing processes, tools, and client-specific nuances.
  • Act as a mentor to junior team members, providing coaching and performance feedback.
  • Create and maintain knowledge base articles, standard operating procedures (SOPs), and best practices related to pricing operations.

Process Improvement & Optimization:

  • Identify opportunities for process automation, standardization, and efficiency improvements within pricing operations.
  • Participate in and lead continuous improvement initiatives to enhance operational performance and reduce errors.
  • Recommend system enhancements or tool improvements to streamline pricing workflows.

Quality Assurance & Compliance:

  • Perform regular audits and quality checks of pricing setups and transactions to ensure accuracy and adherence to client contracts and internal policies.
  • Assist in defining and implementing quality control measures for pricing output.

Reporting & Analysis (As required):

  • Support the generation of pricing-related reports and analyses as needed.
  • Engage with client representatives on specific pricing challenges or process clarifications, representing the BPO's expertise and commitment to service.

Qualifications:

Education: Bachelor's degree in finance, Accounting, Business Administration, Economics, or a related field.

Experience:

  • 3-5 years of experience in pricing operations, finance operations, order-to-cash, or a similar role, preferably within a BPO environment.
  • Demonstrable experience working with complex pricing models and contract interpretation.
  • Proven track record of resolving complex operational issues
  • Experience with ERP systems (e.g., SAP, Oracle, Salesforce, D365) and pricing software is highly desirable
  • Exceptional analytical and problem-solving skills with a strong attention to detail.
  • Excellent verbal and written communication skills in English, with the ability to articulate complex information clearly and concisely.
  • Strong interpersonal skills and the ability to collaborate effectively with diverse teams and stakeholders.
  • Ability to work independently, prioritize tasks, and manage multiple projects in a fast-paced environment.


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