Our Purpose
Mastercard powers economies and empowers people in 200+ countries and territories worldwide. Together with our customers, we're helping build a sustainable economy where everyone can prosper. We support a wide range of digital payments choices, making transactions secure, simple, smart and accessible. Our technology and innovation, partnerships and networks combine to deliver a unique set of products and services that help people, businesses and governments realize their greatest potential.
Title and Summary
Manager, Product Management
As Manager in Consumer Solutions - Optimization & Economics, Pricing team you will work at the heart of Mastercard's business and enjoy a broad exposure to all its different aspects. You will work in an international environment, across the geographies and across all products.
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In this position you will help lead the economic strategies for Mastercard products and services. You will design, assess and implement initiatives to strengthen Mastercard's' competitive position on product and market level. By enhancing and shaping our economics you play an important role in the development and adoption of innovative payment solutions.
The candidate will be part of a dynamic team, at the heart of MasterCard business, working in close relationships with colleagues from all horizons: across geographies and functional areas, analyzing a fast-moving economic landscape and supporting the design of the appropriate economics.
Major Accountabilities:
• Drive corporate consumer and digital objectives through economic levers
• Support P&E product teams through the journey of proposal development. Understand the product, core value, pricing structure, modeling pricing and billing implementation needs.
• Partner with global Product Owners to understand the product's value
• Collaboration with Product Owners and Regional teams to drive value-based pricing and interchange proposals applying our global pricing framework
• Gain knowledge on metrics, measurements, and benchmarking practices across the multiple networks and data sources within the organization.
• Partner with our Data Scientist to identify key data criteria to build pricing models and billing processes
• Partner with GBSC Billing team to understand billing processes to implement pricing proposals; understand considerations for efficient and fast billing implementation
• Identify and perform pricing analysis to assess impact and solutions of potential product interchange and pricing initiatives at region and market levels
• Develop, manage, and present pricing proposals to global pricing committee to gain approval
• Manage timely communication and implementation of approved pricing and interchange proposals including the review of business requirements, the development of implementation documents, and follow up.
• Identify and recommend best practices in pricing and interchange
• Monitor competitive pricing and interchange practices through consultation with business managers and public information sources
Experience:
• Experience in finance and/or economics
• Working experience in pricing area a plus
• Price modeling experience
• Strong analytical skills with track record of translating data into compelling insights
• Proven project management experience, problem solving and planning skills, with a demonstrated record of success managing multiple projects with internal and external partners
• Proven ability to coordinate multi-functional teams and to lead and drive as a subject matter expert
• Proven leadership skills and ability to work independently
• Proven ability to execute and deliver on target against established objectives
• Written and oral fluency in English required, second language a plus
• High proficiency with computer spreadsheet, word processing, data mining and presentation software such as Microsoft Excel, Word, Power Point required
• Experience with databases and tools: SQL, Hadoop, Alteryx, Tableau a plus
Education:
• Bachelor's degree in Business, Finance, Economics, or Engineering required. Master's degree a plus.
• International programs or experience in international positions required.
Corporate Security Responsibility
All activities involving access to Mastercard assets, information, and networks comes with an inherent risk to the organization and, therefore, it is expected that every person working for, or on behalf of, Mastercard is responsible for information security and must:
- Abide by Mastercard's security policies and practices;
- Ensure the confidentiality and integrity of the information being accessed;
- Report any suspected information security violation or breach, and
- Complete all periodic mandatory security trainings in accordance with Mastercard's guidelines.