Principal Product Manager, Security Pricing and Packaging – Security Solutions

Posted 14 hours ago

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About the role

  • Principal Product Manager shaping Elastic Security’s pricing, packaging, margins, and consumption model on Elastic Cloud Serverless. Driving profitable adoption from proof of concept through renewal.

Responsibilities

  • Own how Elastic Security is packaged, priced, and sold on Elastic Cloud Serverless
  • Define tiers, feature entitlements, usage meters, bundles, and add-ons
  • Test pricing options against customer demand and COGS and bring recommendations to the senior executive team
  • Own margin and model costs for ingest, search, retention, endpoint, and AI features with Platform and Finance
  • Set pricing requirements before features ship
  • Grow Security on Serverless from proof of concept to renewal, including new workloads, migrations, expansion, and retention
  • Define search configurations, data tiers, and retention for security use cases
  • Maintain consistent tenant-level packaging with the Product Manager for MSSP and multi-tenancy
  • Simplify packaging, sizing, and pricing estimators and track time to a credible quote
  • Write PRDs and PRFAQs and lead work across Security Engineering, Serverless Platform, Billing and Metering, and Cloud Operations
  • Build pricing frameworks and reviews for Security PMs, Product Marketing, and Solutions Architects
  • Discuss willingness to pay with customers and prospects and track competitor packaging and pricing
  • Help the field determine when Serverless, hosted, or self-managed is the right fit
  • Apply token-based, credit-based, per-action, and outcome pricing approaches to AI features

Requirements

  • Led pricing and packaging for a SaaS or cloud product end to end, from option design and customer testing through margin modeling and executive approval
  • Demonstrated revenue, margin, or adoption result from pricing and packaging work
  • Experience with usage-based or consumption pricing required
  • Experience simplifying a pricing model that had grown too complex
  • Comfortable with COGS, gross margin, and ARR modeling
  • Able to build a forecast with Finance
  • Understanding of how multi-tenant cloud services are built and how architecture choices drive cost
  • Able to read a technical design
  • Able to lead through influence in a matrixed, remote-first company and work asynchronously
  • Able to present pricing to a CISO and procurement team and support deals as the product expert
  • Able to write PRDs, pricing proposals, and executive summaries
  • Able to use AI tools to improve pricing analysis and cost modeling
  • 7 to 10 years in product management, including significant time on security or cloud data products
  • Product experience with SIEM, XDR, endpoint, cloud security, or a security operations platform is a plus
  • Background as a SOC analyst, detection engineer, or security architect is a plus
  • Experience at a security vendor, cloud data platform, or company that moved customers from licensed to consumption pricing is a plus

Benefits

  • Elastic stock program eligibility
  • Company-matched Registered Retirement Savings Plan (RRSP) with dollar-for-dollar matching up to 6% of eligible earnings
  • Health coverage for you and your family in many locations
  • Flexible locations and schedules for many roles
  • Generous number of vacation days each year
  • Matching up to $2000 (or local currency equivalent) for financial donations and service
  • Up to 40 hours each year for volunteer projects
  • Minimum of 16 weeks of parental leave
  • Competitive pay based on the work you do here and not your previous salary

Job type

Full Time

Experience level

Lead

Salary

CA$154,000 - CA$243,600 per year

Degree requirement

No Education Requirement

Tech skills

Cloud

Location requirements

RemoteCanada

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