Pricing Manager - Petroleum Products

Accountabilities & Responsibilities :

- Internal petroleum price trend analysis and updating of Management Dashboard reflecting expected price changes in domestic markets on daily basis which aids in decision making

- Updating daily international price movements from various publications.

- Derivation of Refinery Transfer prices

- Ensuring Correct and Timely Derivation and Maintenance of Prices - New RO, New linkage, Amendment RTKm, Ref RO Amendment & Maintaining price for all the RO's on daily basis and analysis of same based on competitor price changes and marketing inputs.

- Daily finalization of Domestic Prices for petroleum products.

- MIS to management on the margin analysis that aids in decision making for pricing philosophy.

- Margin analysis for ROs before induction / award of allotment letters.

- Updating RSPs based on changes in RTKMs, taxation, freight change, etc.

- Updating discounts and selling price for bulk products and sales to PSUs for allocated product category / geographical area on a fortnightly and monthly basis and analysis of same based on competitor price changes and marketing inputs.

- Fortnightly and Monthly finalization of Domestic Prices for petroleum products.

- Pricing for customers based on specific contracts / formulae based, etc.

- Planning & analysis. 

- Ensure adherence to discount policy.

- Updating selling price based on changes in taxation, etc.

- Timely maintenance of prices in SAP.

- This requires uploading prices in SAP and conducting price check to ensure correct reporting of prices

- Fine-tuning RO-wise RSPs

- Analysis and corrections, if necessary of RSPs.

- Mapping and configuration of new pricing mechanism and structures in SAP Systems based on type of end customers and products.

- SAP Systems and processes

- Documenting the pricing processes and exploring avenues for improvement in the current processes.

- Preparing SOPs for better practices

- Determination of Internal Transfer Prices for Own Consumption of petroleum products

- Aiding internal transfer of material between Marketing and Refinery.

- State Capital RSPs change analysis and deviation reporting and Incorporation of HPCL State Capital RSPs for daily deviation analysis

- Daily analysis and deviation resolution.

- Comparison with industry RSP's

- Review pricing discrepancies and audit observations and ensure closure of same within a reasonable time.

- Address pricing discrepancies in consultation with all concerned. Timely compliance and resolvance of queries

- Feasibility study for New / alternate Supply Location for Retail and Bulk supplies taking into account the various factors like geographical location, presence of our facility (asset or agreement), tax, freight etc. pan India

- Margin analysis and ranking of various supply locations based on margins.

- Timely and correct dissemination of RSPs and Prices to be charged - Sharing Retail circular, SMS and ensuring completeness of the same

- Timely and correct price communication