Company Name : Royal Jordanian - Other locations

Pricing Engineer

Job Description

  • Monitoring competition by collecting competitive information including pricing, ongoing promotions, and exclusive fares. Monitor new and emerging competitors. Evaluate and report competitive threats from existing and new players periodically aimed at retaining market share and optimizing revenue.
  • Updating Fares by maintaining pricing competitiveness and update fares on the day-to-day basis based on agreed and defined strategy.
  • Maintaining price accuracy by monitoring price accuracy along the customer journey and ensure the displayed pricing is aligned with the setting. Identify and investigate root causes of pricing inaccuracies.
  • Updating the product price component such as fuel surcharge, fare rules and conditions such as Min, Max, Advance Purchase …etc., and work closely with the distribution team to ensure it is always updated.
  • Ensuring that area managers, local sales offices and revenue accounting are familiar with commercial Pricing policies and procedures.
  • Performing comprehensive evaluation and analysis of all online fare proposals received from various Area Mangers, local sales managers and general sales agents and approve, disapprove or negotiate and recommend appropriate action according to pricing authorization.
  • Evaluating productivity based on performance criteria, including anticipated market share, issue approvals or recommendation for appropriate actions.
  • Developing other competitive and marketable pricing products, promotion offers, etc., which support revenue/yield objectives and convey the merits and unique selling points of such products to the local sales offices.
  • Collaborating with the local sales offices and pricing distribution, investigate and establish optimum distribution strategy of each POS using GDS,” private GDS” facilities, “Online” booking facilities, email, paper distribution etc.
  • Evaluating market trends regularly in addition to assessing competitor’s behavior, performance of past initiatives and offer proactive recommendations as to pricing actions aimed at supporting local sales office revenue target.
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