Global Payments Solutions Pricing Manager, Revenue Management

Job title:

Global Payments Solutions Pricing Manager, Revenue Management

Company

Bank of America

Job description

Job Description:Job Title: Pricing Manager, Revenue ManagementCorporate Title: Vice PresidentLocation: LondonCompany OverviewAt Bank of America, we are guided by a common purpose to help make financial lives better through the power of every connection. Responsible Growth is how we run our company and how we deliver for our clients, teammates, communities and shareholders every day.One of the keys to driving Responsible Growth is being a great place to work for our teammates around the world. We’re devoted to being a diverse and inclusive workplace for everyone. We hire individuals with a broad range of backgrounds and experiences and invest heavily in our teammates and their families by offering competitive benefits to support their physical, emotional, and financial well-being.Bank of America believes both in the importance of working together and offering flexibility to our employees. We use a multi-faceted approach for flexibility, depending on the various roles in our organization.Working at Bank of America will give you a great career with opportunities to learn, grow and make an impact, along with the power to make a difference. Join us!London Location OverviewOur London office is based just a stone’s throw from the magnificent St. Paul’s Cathedral on bustling King Edward Street. Here you’ll find modern workspaces and a state-of-the-art auditorium space. In addition, we’re proud to host an onsite restaurant that shares our commitment to sustainability by providing delicious seasonal menus which have been created with the planet in mind. Make sure to take time for yourself and head up to our rooftop terrace and take in the spectacular views across London. Finally, your physical wellness is well-catered for with our onsite gym facilities and medical centre.Global Payments Solutions GroupBank of America’s Global Payments Solutions (GPS) business is hiring. Our focus on combining cutting-edge technology with innovative solutions, means we consistently deliver exceptional results for our clients.Do you want to be part of our award-winning team? We are proud to:Be a leading finance provider of treasury and cash management solutionsDeliver for over 100,000+ clients globally, including over 73% of the Global Fortune 500Be at the forefront of delivering treasury solutions across all segments and all industries, from middle-market businesses to the world’s largest corporate and financial institutionsProvide a personalised service for our clients, backed with high-tech for their liquidity management, payments and receipts, trade and supply chain finance and FX and commercial card servicesWe want to hear from you if you are:A highly-motivated individualHas a client-centric focus who can advocate on their behalfCan challenge the status quoCollaborate with peers as well as having the ability to influence the conversation with diverse points of viewInnovative with forward-thinking ideasThe TeamAs a Pricing Manager you will be a critical part of the Global Revenue Management team reporting to the Revenue Management Lead EMEA, playing a vital role in the support of the deal pricing and portfolio pricing functions.The Global Revenue Management team, is foundational to the management of the GPS revenue life cycle through three vital functions (Account Analysis Product Management, Bid Pricing, and Portfolio Pricing) which span all major GPS product lines, including Payments, Receipts, CashPro, and Liquidity.You will be integral with important initiatives, executing annual pricing reviews with Sales, conducting workstreams to improve operating leverage, developing industry leading pricing capabilities, supporting deal routines, and ensuring accurate billing and collection from approximately 200k clients globally.ResponsibilitiesResponsibilities include, but are not limited to, the following:Prioritise and execute activities to successfully deliver Revenue Management objectives, including the support of revenue growth and portfolio pricing initiatives.Collaborate closely with business partners such as Sales, Product Management, Technology, Operations & Servicing to identify opportunities to improve operating margin and win business.Leading and managing EMEA Deal Review Commitee, manage stakeholders (committee members and related parties), coordinate minutes, escalations and appropriate follow ups including monitoring of approved deals and submissions to Global Deal Review.Support and streamline deal pricing processes, including maintenance and enhancements to the GPS pricing application(s).Review and document existing processes; develop and implement enhancements as needed.Improve portfolio and client pricing transparency and competitive insights/intelligence to grow market share through advanced portfolio analyses, including industry research, trend identification, benchmarking, and cross-sell proliferation.Liaise with Global Billing Product Management on new client pricing and impacts to billing platform(s); collaborate on best practices for implementing new client business while reducing pricing & billing complexity.Conduct Global Revenue Management routines, including deal pricing activities, portfolio reporting, and set up any new routines required with the Global Billing Team.Contribute to both client and product focused initiatives, such as pricing/profit strategies, client behaviour & wallet penetration, operational excellence, and platform improvements.Engage with functional partners to periodically assess products from a financial & competitive standpoint.Enhance team succession and resiliency plans, including the continued automation of critical tasks, strengthening business controls, and identifying risks.What we are looking forExperience in transaction banking or product management capacity.Knowledge of Bank of America GPS products, sales, operations, technology and/or risk/compliance environment.Prior experience with billing & analysis systems, portfolio or client pricing concepts.Strong financial and analytical skills.Strong interpersonal, ability to collaborate with functional partners across GPS, consultative and organizational skills.Excellent verbal and written communications skills, well-spoken and articulate both internally and externally.Able to “roll up sleeves” if necessary and get things done.A creative and inquisitive mind that challenges status quo and conventional wisdom.Able to successfully develop and maintain collaborative working relationships with partners from different functional areas.Computer and system literacy, including the Microsoft Office Suite, with Alteryx, Tableau, Macros and SQL experience a plus.Capacity to understand financial dynamics of various products and clients.Ability to perform research on markets, products, and competitors.Confident and Agile: Seeking strong communicators who value giving and receiving feedback, easily build relationships, and who are quick thinking, flexible, and always learning and sharing knowledge.Benefits of working at Bank of AmericaUKPrivate healthcare for you and your family plus an annual health screen to help you manage your physical wellness with the option to purchase a screen for your partnerCompetitive pension plan, life assurance and group income protection cover if you become unable to work as a result of a disability or health reasons20 days of back-up childcare including access to school holiday clubs and 20 days of back-up adult care per annumThe ability to change your core benefits as well as the option of selecting a variety of flexible benefits to suit your personal circumstances including access to a wellbeing account, travel insurance, critical illness etc.Access to an emotional wellbeing helpline, mental health first aiders and virtual GP services.Access to an Employee Assistance Program for confidential support and help for everyday mattersAbility to donate to charities of your choice directly through payroll and the bank will match your contributionOpportunity to access our Arts & Culture corporate membership program and receive discounted entry to some of the UK’s most iconic cultural institutions and exhibitions.Opportunity to give back to your community, develop new skills and work with new groups of people by volunteering in your local community.Bank of AmericaGood conduct and sound judgment is crucial to our long term success. It’s important that all employees in the organisation understand the expected standards of conduct and how we manage conduct risk. Individual accountability and an ownership mind-set are the cornerstones of our Code of Conduct and are at the heart of managing risk well.We are an equal opportunities employer and ensure that no applicant is subject to less favourable treatment on the grounds of sex, gender identity or gender reassignment, marital or civil partner status, race, religion or belief, colour, nationality, ethnic or national origins, age, sexual orientation, pregnancy or maternity, socio-economic background, responsibility for dependants or physical or mental disability. The Bank selects candidates for interview based on their skills, qualifications and experience.We strive to ensure that our recruitment processes are accessible for all candidates and encourage any candidates to tell us about any adjustment requirements.

Expected salary

Location

London

Job date

Wed, 04 Dec 2024 00:42:17 GMT

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