Group Manager, Pricing Strategy

Company: Okta, Inc.
Location: San Francisco
Posted on: April 28, 2024

Job Description:

Okta is The World's Identity Company. We free everyone to safely use any technology-anywhere, on any device or app. Our Workforce and Customer Identity Clouds enable secure yet flexible access, authentication, and automation that transforms how people move through the digital world, putting Identity at the heart of business security and growth.

At Okta, we celebrate a variety of perspectives and experiences. We are not looking for someone who checks every single box - we're looking for lifelong learners and people who can make us better with their unique experiences.

Join our team! We're building a world where Identity belongs to you.Okta is The World's Identity Company. We free everyone to safely use any technology-anywhere, on any device or app. Our Workforce and Customer Identity Clouds enable secure yet flexible access, authentication, and automation that transforms how people move through the digital world, putting Identity at the heart of business security and growth.At Okta, we celebrate a variety of perspectives and experiences. We are not looking for someone who checks every single box - we're looking for lifelong learners and people who can make us better with their unique experiences. Join our team! We're building a world where Identity belongs to you.Okta is seeking a world-class Pricing Strategist to identify and drive business growth strategies across the portfolio. This lead will drive the creation of monetization strategy proposals across our Clouds, application of new monetization models, list to net price optimization strategies and models, identification, and pursuit of new go-to-market growth strategies, quantitative market research, and analysis, customer and field validation for innovation launches and updates at Okta. They will drive strategy decision approvals and ensure downstream implementation dependencies are lined up to operationalize.This role requires strong cross-functional executive collaboration and influence along with the ability to deal with ambiguity while building and transforming for scale. The person in this role will work across Product, Sales, & Go-to-market leadership teams to determine the best monetization strategy as we launch new innovations and optimize our current portfolio. They will drive and maintain the monetization strategy roadmap and work with product management and business operations teams to implement pricing and packaging changes within the product and the quote to cash systems. Finally, this lead will be responsible for driving the change management and alignment to ensure that the proposal lands successfully with the field and customers.As Okta rapidly launches new innovations and expands into new markets, this role is critical to our success. A successful person in this role will have a combination of skills across product strategy & management, customer research and market insights, business strategy, analytics, program management, communication, influencing, and collaboration.Core responsibilities will include:

• Define and launch monetization and go-to-market pricing and discounting strategies that will help Okta scale to $4B+ in revenue
• Drive cross-sell and up-sell opportunities through bundling and enterprise buying programs (ex. ELAs) that balance portfolio-level simplification with value capture.
• Work closely with leaders in the product management, product marketing, and GTM teams to craft new packaging and pricing strategy proposals, and evaluate and apply new business models and monetization strategies for new and existing product innovations.
• Provide well-reasoned packaging and pricing recommendations to leaders across the organization and the executive team
• Provide content inputs for Okta's official pricing web pages.
• SME support for pricing enablement and training content for the sales team to help best position pricing conversations with customers.
• Provide targeted in-deal support to the sales team to assist in strategic precedent-setting opportunities.Required Skills:
  • Bachelor's degree in Computer science, Engineering, Finance, Marketing, Business or an equivalent; MBA preferred.
  • 7+ years of experience across strategy consulting, pricing, strategic finance, corporate strategy, deal strategy & value management, ideally at a SaaS or enterprise software company
  • 2+ years in a monetization/pricing strategy role with experience in product pricing, managing strategy & execution for product innovation
  • Strong analytical background with experience using analytics and BI solutions (e.g. Tableau).
  • Ability to quickly grasp new product concepts across a variety of technologies, and consistently apply critical and structured thinking to new areas.
  • Action-oriented to solve problems and get a lot done in short timeframes.
  • Demonstrated leadership experience driving complex, cross-functional initiatives.
  • Exceptional communication and collaboration skills across all levels of an organization.#Ll-GM* Below is the annual base salary range for candidates located in California, Colorado, New York and Washington. Your actual base salary will depend on factors such as your skills, qualifications, experience, and work location. In addition, Okta offers equity (where applicable), bonus, and benefits, including health, dental and vision insurance, 401(k), flexible spending account, and paid leave (including PTO and parental leave) in accordance with our applicable plans and policies. To learn more about our Total Rewards program please visit: https://rewards.okta.com/us .
    The annual base salary range for this position for candidates located in California (excluding San Francisco Bay Area), Colorado, New York, and Washington is between: Get to know Okta Okta is The World's Identity Company. We free everyone to safely use any technology-anywhere, on any device or app. Our Workforce and Customer Identity Clouds enable secure yet flexible access, authentication, and automation that transforms how people move through the digital world, putting Identity at the heart of business security and growth.
    
    At Okta, we celebrate a variety of perspectives and experiences. We are not looking for someone who checks every single box - we're looking for lifelong learners and people who can make us better with their unique experiences.
    
    Join our team! We're building a world where Identity belongs to you.Okta is The World's Identity Company. We free everyone to safely use any technology-anywhere, on any device or app. Our Workforce and Customer Identity Clouds enable secure yet flexible access, authentication, and automation that transforms how people move through the digital world, putting Identity at the heart of business security and growth.At Okta, we celebrate a variety of perspectives and experiences. We are not looking for someone who checks every single box - we're looking for lifelong learners and people who can make us better with their unique experiences. Join our team! We're building a world where Identity belongs to you.Okta is seeking a world-class Pricing Strategist to identify and drive business growth strategies across the portfolio. This lead will drive the creation of monetization strategy proposals across our Clouds, application of new monetization models, list to net price optimization strategies and models, identification, and pursuit of new go-to-market growth strategies, quantitative market research, and analysis, customer and field validation for innovation launches and updates at Okta. They will drive strategy decision approvals and ensure downstream implementation dependencies are lined up to operationalize.This role requires strong cross-functional executive collaboration and influence along with the ability to deal with ambiguity while building and transforming for scale. The person in this role will work across Product, Sales, & Go-to-market leadership teams to determine the best monetization strategy as we launch new innovations and optimize our current portfolio. They will drive and maintain the monetization strategy roadmap and work with product management and business operations teams to implement pricing and packaging changes within the product and the quote to cash systems. Finally, this lead will be responsible for driving the change management and alignment to ensure that the proposal lands successfully with the field and customers.As Okta rapidly launches new innovations and expands into new markets, this role is critical to our success. A successful person in this role will have a combination of skills across product strategy & management, customer research and market insights, business strategy, analytics, program management, communication, influencing, and collaboration.Core responsibilities will include:
    • Define and launch monetization and go-to-market pricing and discounting strategies that will help Okta scale to $4B+ in revenue
    • Drive cross-sell and up-sell opportunities through bundling and enterprise buying programs (ex. ELAs) that balance portfolio-level simplification with value capture.
    • Work closely with leaders in the product management, product marketing, and GTM teams to craft new packaging and pricing strategy proposals, and evaluate and apply new business models and monetization strategies for new and existing product innovations.
    • Provide well-reasoned packaging and pricing recommendations to leaders across the organization and the executive team
    • Provide content inputs for Okta's official pricing web pages.
    • SME support for pricing enablement and training content for the sales team to help best position pricing conversations with customers.
    • Provide targeted in-deal support to the sales team to assist in strategic precedent-setting opportunities.Required Skills:
      • Bachelor's degree in Computer science, Engineering, Finance, Marketing, Business or an equivalent; MBA preferred.
      • 7+ years of experience across strategy consulting, pricing, strategic finance, corporate strategy, deal strategy & value management, ideally at a SaaS or enterprise software company
      • 2+ years in a monetization/pricing strategy role with experience in product pricing, managing strategy & execution for product innovation
      • Strong analytical background with experience using analytics and BI solutions (e.g. Tableau).
      • Ability to quickly grasp new product concepts across a variety of technologies, and consistently apply critical and structured thinking to new areas.
      • Action-oriented to solve problems and get a lot done in short timeframes.
      • Demonstrated leadership experience driving complex, cross-functional initiatives.
      • Exceptional communication and collaboration skills across all levels of an organization.#Ll-GM* Below is the annual base salary range for candidates located in California, Colorado, New York and Washington. Your actual base salary will depend on factors such as your skills, qualifications, experience, and work location. In addition, Okta offers equity (where applicable), bonus, and benefits, including health, dental and vision insurance, 401(k), flexible spending account, and paid leave (including PTO and parental leave) in accordance with our applicable plans and policies. To learn more about our Total Rewards program please visit: https://rewards.okta.com/us .
        The annual base salary range for this position for candidates located in California (excluding San Francisco Bay Area), Colorado, New York, and Washington is between: $154 - $232 USD The annual base salary range for this position for candidates located in the San Francisco Bay area is between: $173 - $259 USD What you can look forward to as an Okta employee!
        • Amazing Benefits
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        • Fostering Diversity, Equity, Inclusion and Belonging at Okta Okta cultivates a dynamic work environment, providing the best tools, technology and benefits to empower our employees to work productively in a setting that best and uniquely suits their needs. Each organization is unique in the degree of flexibility and mobility in which they work so that all employees are enabled to be their most creative and successful versions of themselves, regardless of where they live. Find your place at Okta today! https://www.okta.com/company/careers/ .Okta is an Equal Opportunity Employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, ancestry, marital status, age, physical or mental disability, or status as a protected veteran. We also consider for employment qualified applicants with arrest and convictions records, consistent with applicable laws. If reasonable accommodation is needed to participate in the job application or interview process, please use this Form to request an accommodation.Okta is committed to complying with applicable data privacy and security laws and regulations. For more information, please see our Privacy Policy at https://www.okta.com/privacy-policy/ . U.S. Equal Opportunity Employment Information
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Keywords: Okta, Inc., Daly City , Group Manager, Pricing Strategy, Executive , San Francisco, California