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Sr. Pricing & Residual Value Strategy Manager

Date: Feb 7, 2023

Location: Irvine, California, US, 92606

Company: Kia America, Inc.

At Kia, we’re creating award-winning products and redefining what value means in the automotive industry. It takes a special group of individuals to do what we do, and we do it together. Our culture is fast-paced, collaborative, and innovative. Our people thrive on thinking differently and challenging the status quo. We are creating something special here, a culture of learning and opportunity, where you can help Kia achieve big things and most importantly, feel passionate and connected to your work every day.

Kia provides team members with competitive benefits including premium paid medical, dental and vision coverage for you and your dependents, 401(k) plan matching of 100% up to 6% of the salary deferral, and time off starting at 14 days per year. Kia also offers company lease and purchase programs, company-wide holiday shutdown, paid volunteer hours, and premium lifestyle amenities at our corporate campus in Irvine, California.

Status

Exempt

Summary

Develop, present and negotiate residual value strategies, concepts, proposals, and recommendations for Kia brand and all current and future products in coordination with KHQ,  Product Planning, Sales, Marketing, Finance departments to achieve residual value targets (HMG KPI) and support volume and mix targets to optimize competitiveness and profits while accounting for competitive market actions, trends and company capabilities.  Develop and present value analysis and reports to identify opportunities to optimize new vehicle value, pricing, profit, and market penetration.            

Major Responsibilities

1st Priority - 50%

Develop and present new model residual strategies optimizing price, content, mix and volumes to achieve residual targets.  Coordinate strategies and targets with KHQ.   Provide analysis and demonstrate new vehicles to ALG, etc. with the support of the Product Planners and HMG.   Analyze current and proposed pricing, content, trim, volume and incentive changes for residual impact and develop options to improve residuals. Be the primary contact for residual values for ALG, JD Power, KBB, and Black Book.

2nd Priority - 25%

Develop and present value strategies for current and future models.  Analyze product value and competitive trends and develop value concepts, strategies, and targets for future models and new features.  Manage value table negotiating with KHQ for biannual updates to integrate content research and ensuring proper accounting in the value database.  Supervise auditing of JATO to ensure accurate and consistent analysis for all models and to support historical analysis and trend reports.   

3rd Priority - 15%

Manage VIN based data feed to support accurate data to dealers and auctions to ensure that Kia pricing includes all content.  Coordinate data feed with IT and manage contracts with VIN providers to support long-term annual target of $500k revenue.

4th Priority - 10%
Manage pricing department staff and ensure all goals are met and status is reported in a timely manner.   

Education/Certification

  • Bachelor's degree or equivalent work experience required
  • Advanced degree preferred

Overall Experience

  • 8+ years experience in automotive, product planning, pricing, marketing, finance or related field

Directly Related Experience

  • Strong analytical skills 
  • Expert spreadsheet analysis
  • Distillation of detailed data into executive summary reports 
  • Expert negotiation and presentation 
  • Pricing / Financial analysis background
  • Basic Automotive background
     

Skills

Advanced Excel skills
Creative problem-solver, adapts well to change, and can independently resolve any challenges through proposing and executing solutions
Excellent teamwork skills.
MS Access, PowerPoint skills and knowledge of mTab, S&P Global and JATO
Precise analytical/mathematical skills critical
Written and oral presentation skills

Competencies

CHALLENGE - Solving Complex Problems
COLLABORATION - Building and Supporting Teams
CUSTOMER - Serving Customers
GLOBALITY - Showing Community and Social Responsibility
PEOPLE - Interacting with People at Different Levels

Pay Range

$101,100.00 - $141,600.00 

 

Equal Employment Opportunities

KUS provides equal employment opportunities (EEO) to all employees and applicants for employment without regard to race, color, religion, ancestry, national origin, sex, including pregnancy and childbirth and related medical conditions, gender, gender identity, gender expression, age, legally protected physical disability or mental disability, legally protected medical condition, marital status, sexual orientation, family care or medical leave status, protected veteran or military status, genetic information or any other characteristic protected by applicable law.  KUS complies with applicable law governing non-discrimination in employment in every location in which KUS has offices.  The KUS EEO policy applies to all areas of employment, including recruitment, hiring, training, promotion, compensation, benefits, discipline, termination and all other privileges, terms and conditions of employment.

 

Disclaimer:  The above information on this job description has been designed to indicate the general nature and level of work performed by employees within this classification and for this position.  It is not designed to contain or be interpreted as a comprehensive inventory of all duties, responsibilities, and qualifications required of employees assigned to this job.


Nearest Major Market: Irvine California
Nearest Secondary Market: Los Angeles

Job Segment: Senior Product Manager, Marketing Manager, Pricing, Database, Operations, Automotive, Marketing, Technology