Product Costing & Pricing Expert (Saudi National)

Summary:The Product Costing & Pricing Expert is responsible for translating technical elevator designs—including components, materials, and production processes—into a comprehensive financial structure. This role ensures accurate product costing and defines commercial pricing strategies, enabling effective pricing models for internal stakeholders (FLD) and seamless invoicing through SAP systems.

Key Responsibilities

Analyze technical product designs and convert them into detailed cost structures, including materials, labor, manufacturing, and overheads.Develop and maintain pricing models for elevator products, options, and configurations aligned with regional market dynamics.Define commercial pricing strategies, ensuring competitiveness while maintaining profitability.Collaborate closely with engineering, procurement, and manufacturing teams to validate cost assumptions and optimize product costs.Support Commercial & Quotation Processes (CQP) by providing accurate costing inputs for pricing decisions.Ensure correct pricing data flow into SAP for invoicing and financial reporting.Evaluate cost drivers and identify opportunities for cost optimization and value engineering.Conduct margin analysis and provide insights to sales and leadership teams.Align pricing structures with Saudi Arabia market requirements, regulations, and competitive landscape.Support new product launches with cost and price setup.

Key Requirements

Bachelor’s degree in Engineering, Finance, or a related field (MBA preferred).10–15 years of experience in product costing, pricing, or commercial finance within the elevator, construction equipment, or industrial manufacturing sector.Strong understanding of elevator components, systems, and manufacturing processes.Proven experience working with SAP (pricing, costing, and invoicing modules).Expertise in cost modeling, pricing strategies, and financial analysis.Strong cross-functional collaboration and stakeholder management skills.Excellent analytical, problem-solving, and communication abilities.Experience working in Middle East markets, preferably Saudi Arabia, is a plus.Key Competencies:Techno-commercial acumenCost optimization & value engineeringStrategic pricing & margin managementData-driven decision makingSAP & digital tools proficiency