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
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