Pricing Manager - Food & Beverage

Symrise is a global supplier of fragrances, flavors, food, nutrition, and cosmetic ingredients. Its clients include manufacturers of perfumes, cosmetics, food and beverages, pharmaceuticals and producers of nutritional supplements and pet food.

Its sales of € 4.6 billion in the 2022 fiscal year make Symrise a leading global provider. Headquartered in Holzminden, Germany, the Group is represented by more than 100 locations in Europe, Africa, the Middle East, Asia, the United States and Latin America.

Symrise works with its clients to develop new ideas and market-ready concepts for products that form an integral part of everyday life. Economic success and corporate responsibility are inextricably linked as part of this process.

Symrise - always inspiring more…

Position Summary

The F&B Pricing Manager is responsible for the overall process of establishing profitable and consistent pricing within the Food and Beverage Division as well as managing gross profit for both domestic and international business. The Pricing Manager interacts with Sales, the Business Units, Purchasing, and Management to increase profitability on all F&B products especially when threatened by escalating production & raw material costs and current economic situations. The Pricing Manager performs ongoing profitability analysis to pro-actively anticipate GP issues and take steps to remediate and reverse GP erosion. Sales/GP reports are reviewed monthly and price increases are recommended as warranted. Formula cost analysis to be performed as needed to justify proposed price actions.

Duties and Responsibilities

Pricing Functions

• Sets pricing for all Inter-company and international 3rd party requests, or expired quotes, and loads pricing in SAP.

• Responsible for annual and intra-year portfolio wide pricing actions.

• Handles daily pricing requests/issues from Business Support and/or Customer Service regarding open orders, 1st time production alerts, customer requests and affiliate TRAPP pricing requests.

• Utilizes a tiered pricing structure, assigned product category GP targets and SAP SYMCALC costing to set consistent prices while continually improving profitability by increasing prices as required.

• Teach, support, embellish good practices in communication of pricing to customer and record keeping with maintenance of all pricing records.

Analysis/Profitability Management Functions

• Provide account profitability analysis with ongoing review of pricing, Gross Profit and Raw Material costs to identify GP deficiencies on a product basis for all accounts relative to assigned category GP targets.

• Prepare mid-year territory reports for Account Managers, identifying GP erosion and recommending actions to resolve identified GP deficiencies.

• Update annual account pricing spreadsheets to initiate Budget review process, recommending price increases as warranted, prior to disseminating to account managers for review

• Use Micro Strategy datamining tool to identify/assess the impact of RM cost changes on individual products and use as one of multiple tools to justify subsequent price actions. Review Key RM list with Purchasing for update in NA Pricing Tool.

• Work with Cost Accounting to continually identify and resolve product cost issues negatively impacting profitability.

• Review account projects on an as needed basis with BU Mgrs. to assess pricing and profitability and recommend next steps to resolve issues.

Other relevant duties as required

• Work to improve processes within the department and between business partners to build a robust F&B Pricing Organization. Develop pricing strategies and tactics together with Business Units and Development, Purchasing, Operations, Sales and Finance to ensure a systematic and continuous price management function.

• Train new employees required to price, e.g., Account Managers, Business Support, Commercial Managers, in the pricing process.

Required Qualifications

• Bachelor's Degree in Finance and/or Business Management or other related area. Master's degree strongly preferred.

• Minimum 5-7 years of relevant pricing experience in the flavor industry and/or in global food manufacturing organizations. Flavor Industry experience preferred.

• Minimum of at least 1 year experience with the pricing processes, production costing/routing and other issues of manufacturing and/or selling organizations.

• Early warning expertise regarding risk assessment.

• Proficiency with Microsoft Office applications (Word, Excel, PowerPoint, Outlook).

• Experience working with SAP.

Become part of our open and transparent culture. It will give you the opportunity to flourish and to develop inspiring experiences that contribute to the health and well-being of consumers in 160 countries around the world. Putting our employees in focus fuels our strong company growth above market rates and makes us an excellent place to develop your career.

Come join us and embark on a fascinating journey with Symrise.

If you feel that you fit the above criteria, then please apply by using our online application system. Your application will be treated confidentially.

We are an Equal Opportunity Employer. We do not discriminate on the basis of race, religion, color, sex, gender identity, sexual orientation, age, non-disqualifying physical or mental disability, national origin, veteran status or any other basis covered by appropriate law. All employment is decided on the basis of qualifications, merit, and business need.