Rates Manager
Role Overview
The Rates Manager leads a team of analysts and partners with executive Sales to support new and existing business through statistics, data, and pricing analysis.
The role supports logistics RFPs and pricing strategy in the transportation industry.
Key Skills for This Role
Full Job Posting
Role summary
The Rates Manager leads a team of analysts and partners with executive Sales to support new and existing business through statistics, data, and pricing analysis.
The role supports logistics RFPs and pricing strategy in the transportation industry.
Pricing and RFP management
- Manage analysts handling Fortune 500 logistics RFPs and ensure timely submissions.
- Prioritize bids and coordinate analyst and sales-team time; troubleshoot pricing exceptions and conduct ad hoc analyses.
- Lead pricing activities based on market rates, historical trends, company costs, growth objectives, and profitability targets.
- Monitor proposals through pricing updates and submit bids to customer deadlines.
Analysis and collaboration
- Research market trends, competitor pricing, and customer preferences; analyze fuel, maintenance, toll, labor, and other operating costs.
- Negotiate rates with clients, vendors, and partners while maintaining healthy profit margins.
- Work with Sales, Operations, and Finance to align pricing with business objectives.
- Use data warehouse analytics and pricing software to optimize rates and monitor performance.
Reporting and compliance
- Update databases with new and revised contract rates, spot and fixed-term terms, customer lane masters, and completed agreement records.
- Prepare recurring and ad hoc reports, presentations, profitability analyses, and recommendations for senior management.
- Ensure compliance with industry regulations, customer contracts, and pricing policies; identify process improvements.
- Write complex queries and formulas and use Microsoft Access or data warehousing software.
Minimum qualifications
- Bachelor's degree from an accredited four-year university with a concentration emphasizing numbers or analytics.
- At least 6 years of analyst experience and 2 years of managerial experience.
- Strong analytical skills; ability to interpret complex data and market trends.
- Proficiency in pricing software, data analytics tools, Microsoft Office Suite, and advanced Microsoft Excel.
- Excellent negotiation and communication skills; ability to manage multiple priorities and collaborate in a fast-paced environment.
- In-depth knowledge of transportation industry regulations and pricing strategies.
Preferred qualifications
- Master's degree in Business Administration, Economics, Finance, or a related field is preferred.
- Six years of pricing, revenue-management, or similar experience in transportation or logistics is preferred.
- Power BI, Tableau, or other data warehousing tools are preferred.
Benefits
- Medical, vision, dental, supplemental, and life insurance are available, along with a 401(k) retirement plan and quarterly match.
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