Director, Pricing Science & Analytics
Company: McDonald's Corporation
Location: Chicago
Posted on: April 18, 2024
Job Description:
Company Description:McDonald's is proud to be one of the most
recognized brands in the world, with restaurants in over 100
countries that serve 70 million customers daily.We continue to
operate from a position of strength. Our updated growth strategy is
focused on staying ahead of what our customers want and realizing
further growth potential. Our relentless ambition is why McDonald's
remains one of the world's leading corporations after almost 70
years. Joining McDonald's means thinking big and preparing for a
career that can have influence around the world.At McDonald's, we
see every day as a chance to create positive impact. We lead
through our values centered on inclusivity, service, integrity,
community and family. From support of Ronald McDonald House
Charities to our Youth Opportunity project and sustainability
initiatives, our values keep us dedicated to using our scale for
good: good for our customers, people, industry and planet. We also
offer a broad range ofoutstanding benefits including a sabbatical
program, tuition assistance and flexible work arrangements.We are
enjoying the flexibility of a hybrid work model, in which employees
spend part of their week connecting with co-workers in our
state-of-the-art headquarters.Located in the booming West Loop of
downtown Chicago, it's set up to be a global hub that cultivates
collaboration:
- Take a class at Hamburger University
- Sample future items in our Test Kitchen
- Utilize the latest technology to connect with your team around
the globeWe are an equal opportunity employer committed to the
diversity of our crew members, staff, operators, and suppliers. We
promote an inclusive work environment that creates feel-good
moments for everyone.Job Description:We are seeking a highly
skilled Director of Pricing Science and Analytics to lead our
pricing testing protocols, support market pricing strategies, and
develop and maintain pricing models. The ideal candidate will have
extensive experience in statistical analysis, mathematical
modeling, and pricing strategy development. As the Director of
Pricing Science and Analytics, you will be responsible for
executing short-term strategies while contributing to the long-term
vision of our pricing function.Key Responsibilities:
- Develop and deploy price testing protocols to evaluate and
optimize pricing strategies.
- Support markets in designing pricing tests and measuring
outcomes, serving as an expert advisor and guide.
- Develop and maintain price testing protocols, software code,
and complex mathematical functions.
- Develop, document, and guide the global pricing model
integration, including the mathematical framework.
- Expertise in AI/ML techniques implementing and leading
implementation of analytical solutions
- Strong experience in primary research for pricing and
promotions
- Develop and support pricing segmentation as needed in
markets.
- Execute short-term strategies for the function and contribute
to executing longer-term strategies.
- Make decisions and be accountable for the performance and
results of multiple teams within the function.
- Come to agreement through discussion and compromise on
short-term operational, tactical, or narrow strategic issues for
the function. Communication may be internal or external and of
shared or divergent interest.
- Identify and solve complex problems that have a broad impact on
the function; create methods to address current and future customer
needs.
- Accountable for leading multiple projects across the function
with high risk. Responsible for budget and resource allocation for
project teams.Qualifications:
- 8+ years of experience in Marketing Science or pricing science
or Management Science or Operational Research or related business
field
- Master's degree is requiredin Marketing Science or Management
Science or Operational Research or related field
- Must have pricing or revenue management experience
- Must have expertise in building models within Python
- Must have leadership and communication experience leading
teams
- Experience working with third party vendorsand leading cross
functional teamsAdditional Information:McDonald's is an equal
opportunity employer committed to the diversity of our workforce.
We promote an inclusive work environment that creates feel-good
moments for everyone. McDonald's provides reasonable accommodations
to qualified individuals with disabilities as part of the
application or hiring process or to perform the essential functions
of their job. If you need assistance accessing or reading this job
posting or otherwise feel you need an accommodation during the
application or hiring process, please contact . Reasonable
accommodations will be determined on a case-by-case
basis.McDonald's provides equal employment opportunities to all
employees and applicants for employment and prohibits
discrimination and harassment of any type without regard to sex,
sex stereotyping, pregnancy (including pregnancy, childbirth, and
medical conditions related to pregnancy, childbirth, or
breastfeeding), race, color, religion, ancestry or national origin,
age, disability status, medical condition, marital status, sexual
orientation, gender, gender identity, gender expression,
transgender status, protected military or veteran status,
citizenship status, genetic information, or any other
characteristic protected by federal, state or local laws. This
policy applies to all terms and conditions of employment, including
recruiting, hiring, placement, promotion, termination, layoff,
recall, transfer, leaves of absence, compensation and
training.Nothing in this job posting or description should be
construed as an offer or guarantee of employment.
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Keywords: McDonald's Corporation, Berwyn , Director, Pricing Science & Analytics, Executive , Chicago, Illinois
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