Manager, Costing and Pricing
The costing and pricing manager will work closely with upper management and the sales department to develop costing and pricing strategies. Your job duties include monitoring the market for price fluctuations and ensuring all teams follow the established pricing policies. The candidate will be responsible for developing, implementing, and maintaining pricing strategies that maximize profitability and market share. This role involves analyzing product costs, business expenses, and market conditions to set competitive pricing while ensuring alignment with company objectives. This candidate will also monitor competitor pricing and market trends to make data-driven pricing decisions.
Key Responsibilities
Pricing Strategy Development:
· Analyze product costs, manufacturing costs, distribution costs, and other related business expenses.
· Develop and implement pricing strategies that align with company objectives and market conditions.
· Collaborate with the sales, marketing, and finance teams to ensure cohesive pricing strategies.
· Verification that orders received from customers contain approved prices.
Market and Competitor Analysis:
· Monitor market trends, competitor pricing, and industry developments.
· Conduct competitive analysis to understand market positioning and identify opportunities for pricing adjustments.
· Provide regular reports on market conditions and competitor activities.
Cost Analysis:
· Conduct detailed analysis of product costs, including materials, labor, overhead, freight, duties and other expenses. Identify cost drivers and variations to understand cost trends and implications.
· Calculate and maintain accurate product/service costs using established methodologies and costing standards. Ensure cost data integrity in ERP systems or other databases.
· Perform variance analysis to compare actual costs to standard costs or budgets. Investigate and explain variances, highlighting areas for improvement or corrective actions.
· Final signoff on FOB costs before any purchase order is transmitted to vendor.
Pricing Implementation and Management:
· Set pricing for new and existing products based on thorough analysis.
· Ensure pricing is accurately reflected across all sales channels and internal systems.
· Track price changes with all channels to maintain an up-to-date database of all published pricing.
· Update and maintain standard wholesale price lists for Canadian and USA markets.
Analysis & Reporting:
· Analyze product/service profitability by considering costs and revenue generated. Provide recommendations to enhance profitability and cost efficiency.
· Prepare and present regular reports on cost analysis findings, including cost trends, cost-saving initiatives, and profitability metrics.
· Review wire payments to vendors to ensure match with purchase orders and costing matrix.
· Communicate findings to management effectively.
Cross-functional Collaboration:
· Work with product development teams to understand product features and benefits.
· Partner with the sales team to provide pricing support and address pricing-related inquiries.
· Collaborate with the marketing team to develop promotional pricing strategies.
Qualifications
· Proven experience (typically 2-5 years) in cost accounting, product pricing/costing, or financial analysis.
· Strong analytical skills with attention to detail and accuracy.
· Exceptional proficiency in Microsoft Excel; experience with ERP systems (e.g., Netsuite is preferred).
· Housewares industry experience is an asset.
· Excellent communication skills to convey complex cost information clearly and effectively.
· Ability to work independently and collaboratively in a team environment.
· Knowledge of international trade, including import and export processes.
· Knowledge of market research and data analysis techniques.
Who We Are
Salton has a presence in every corner of Canada. We are proud to be owned 100% by Canadians and employ Canadians from coast to coast for a variety of operations. As we continue to grow, we pride ourselves in our roots and are as polite and progressive in business as our country. At Salton, we’re proud to represent the Canadian principles our customers value most and we’re honoured to be a part of your home. Innovating everyday kitchen essentials, Salton is your gourmet appliance company.
What We Offer
· Competitive compensation is commensurate with candidates’ experience.
· Flexible hybrid work environment based out of our Vaughan, Ontario Sales and Marketing office.
· Profit sharing opportunities as rewarded through a share in the company's financial success.
· Comprehensive benefits and retirement savings package.
· Reduced summer work hours to enjoy extended weekends.
· Dynamic and Entrepreneurial Work Culture: Thrive in an entrepreneurial environment that encourages innovation, creativity, and initiative, where your ideas are valued, and everyone is given the opportunity to contribute to the company’s overall growth.
· Positive and Collaborative Work Atmosphere: Join a team where a positive, collaborative spirit is fostered, ensuring a supportive and inclusive work environment where everyone feels valued and motivated.
Job Type: Full-time
Flexible language requirement:

• French not required

Schedule:

• Monday to Friday

Ability to commute/relocate:

• Woodbridge, ON L4L 5V7: reliably commute or plan to relocate before starting work (preferred)

Work Location: Hybrid remote in Woodbridge, ON L4L 5V7