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Manager Relationship Pricing

3 months ago


Lindfield, New South Wales, Australia Commonwealth Bank Full time
You're an accomplished pricing professional who is driven to deliver exceptional customer outcomesWe're a new team of forward thinkers – driving continuous improvement of pricing frameworks, tools, and analytics across the bankTogether we're delivering outstanding banker and customer experiences, and unlocking deeper insights into relationship-level performance

Do work that matters

In this newly created role, you will report to the Executive Manager of Relationship Pricing. The mission of the team is to design and implement a relationship pricing approach to improve customer & front-line experience, and quality of pricing decisions. Key priorities include improving front-line tooling, shifting to a relationship-level pricing framework, and driving continuous improvement of pricing models and insights. This crucial role utilises your strong commercial and analytical skills gained within a financial services environment to provide relationship pricing expertise and advice to continuously innovate, simplify and automate pricing solutions within a dynamic environment across the pricing teams.

Responsibilities include:

Assist in the design and implementation of the relationship pricing strategy for CommBank's Business Banking portfolio to achieve strategic plan objectivesInitiate, develop, and present analysis on key drivers of relationship value to support the optimisation of relationship returns and franchise growth, considering industry mix, product mix, volume vs margins trade offs, retention, customer-level unit costs, capital requirements and other profit drivers;Integrate data analytics capabilities with traditional pricing methods to deliver actionable recommendations to varied stakeholders across Business Bank Product and Segment teamsAnalyse and communicate impact of "test and learn" exercises in relation to relationship pricing strategySupport the identification, assessment, prioritisation, and deployment of Relationship Pricing solutions to frontline teams.Assist senior pricing team members to make required pricing recommendations, implement, and monitor them accurately - includes development of reporting dashboards to monitor performance against strategyImplement continuous improvement initiatives to improve pricing capabilities and team productivity

We are interested to hear from people who have

Extensive xperience, with relevant qualifications and background in Finance and Quantitative techniquesSolid experience in pricing, finance or commercial roles, preferably within the financial services industryAdvanced data analysis and reporting skills using MS Excel, Tableau/PowerBI, and SQL (required)Experience in using Python, R, or SAS (highly desirable)Demonstrated understanding of P&L management, including capital, profit and value measures and driversExcellent communication skills with the ability to write and speak with clarity and impactAbility to quickly build and maintain strong business relationships with internal and external stakeholders, demonstrating exceptional customer service.Advanced problem solving skills and commercial acumen

If you enjoy generating data-driven insights, and you would love to collaborate across teams to deliver on our mission to design and implement state of the art pricing capabilities, please apply now

If you're already part of the Commonwealth Bank Group (including Bankwest, x15ventures), you'll need to apply through to submit a valid application. We're keen to support you with the next step in your career.

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Advertising End Date: 16/06/2024