Manager of Pricing
Manager of Pricing
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$ 140000 - 175000
1 Vacancy
Job Description
Summary
The Manager of Pricing leads a team of analyst(s) and/or senior analyst(s) that are responsible for the development and delivery of pricing proposals and financial analysis in support of the firms pricing strategy. The Manager of Pricing supports pricing leadership who are charged with the development and execution of the Firms overall pricing strategy in collaboration with Firm leadership. The Manager of Pricing works closely with our partners to prepare pricing proposals develop narrative content and support negotiations. The ideal candidate will be a leader who balances analytical skills with strategic guidance excellent communication and knowledge of pricing and the revenue cycle. The Manager of Pricing is expected to operate both strategically and tactically leveraging their strong management and leadership skills to coach a high-performing efficient and forward-looking team that delivers measurable results for the firm.
Duties and Responsibilities
- Manage the development of Pricing proposals including financial modeling realization analysis and structuring of hourly and alternative fee arrangements.
- Work with partners to translate client and/or matter details and assumptions into pricing models and client proposals.
- Collaborate with the Business Development team in supporting partners with responding to Requests for Proposals (RFPs) pitches and other client proposals.
- Liaise with client legal operations teams on pricing negotiations as appropriate.
- Develop tools and processes to leverage historical matter and client data to enable analysis and support for global practice groups and Firm leadership.
- Support the execution of the firms annual billing rate strategy by reviewing benchmarking data timelines and communication with pricing leadership.
- Analyze historical matter data and performance trends to inform proposal development and identify relevant pricing benchmarks.
- Conduct analyses by geography practice area industry etc. to assist with the annual rate review process client renewal processes or in response to management inquiries.
- Supervise and review the work of analysts and senior analysts to ensure timely and accurate deliverables.
- Act as key resource on select clients requiring ongoing significant financial support and matter management both internally and externally.
- Assist in identifying process improvements an operational efficiencies in pricing workflows and tools.
- Develop and deliver reporting to monitor and evaluate performance against agreed-upon terms supporting renegotiations and ensuring alignment with strategic and financial objectives established as part of the approval process.
- Support the creation and maintenance of training materials templates and documentation to drive consistency and knowledge sharing within the team.
- Act as key resource on select clients requiring ongoing significant financial support and matter management both internally and externally.
- Keep informed regarding pricing and engagement arrangement tools and trends within the legal profession.
- Promote high levels of service throughout group; ensure service standards are set and achieved by team; provide coaching and mentoring to staff to ensure a high-level of service is accomplished individually and through teamwork.
Salaries vary by location and are based on numerous factors including but not limited to the relevant market skills experience and education of the selected candidate. If an estimated salary range for this role is available it will be provided in our Target Salary Range section. Our compensation package also includes bonus eligibility and a comprehensive benefits program. Benefits information can be found at Salary Range To perform this job successfully an individual must be able to perform the Duties and Responsibilities (Duties) above satisfactorily and meet the requirements below. The requirements listed below are representative of the minimum knowledge skill and/or ability required. Reasonable accommodations will be made to enable individuals with disabilities to perform the essential functions of the job. If you need such an accommodation please email (current employees should contact Human Resources). Education and/or Experience: Required: Preferred: Other Skills and Abilities: The following will also be required of the successful candidate: Sidley Austin LLP is an Equal Opportunity Employer #LI-Hybrid #LI-OE1Qualifications
Required Experience:
Manager
Employment Type
Unclear
Department / Functional Area
Key Skills
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