Description:
The Pricing Analyst will be crucial in analyzing market trends, assessing pricing strategies, and implementing pricing models that optimize revenue and profit margins. The ideal candidate will have strong analytical skills, a keen eye for detail, and the ability to communicate complex data insights effectively.
Responsibilities
- Assessing data from a variety of sources to gain insights into pricing strategies and market trends.
- Analyzing competitor pricing and market trends to increase market share and profitability.
- Tracking customer engagement to develop effective pricing strategies for products and offerings.
- Applying statistical modeling methods to determine the potential impact of pricing strategies on profitability.
- Recommending pricing strategies that align closely with market trends and identifying new market segments.
- Forecasting revenue and market share based on market trends, production costs, profit margins, and sales volumes.
- Collaborating with sales and marketing departments on developing and implementing competitive pricing strategies.
- Developing dynamic pricing tools to effectively respond to changing market needs and trends
- Preparing and presenting pricing analysis findings to executives, marketing teams, and sales staff
- Keeping informed on pricing analysis methods and industry trends
Requirements
- In-depth knowledge of statistical methods and data analysis.
- Extensive experience in analyzing pricing strategies and forecasting revenue and market share
- Experience in collaborating on pricing strategies with sales and marketing departments
- Ability to keep abreast of industry trends and develop dynamic pricing tools
- Advanced ability to present pricing analysis reports to relevant stakeholders
- Excellent analytical and communication skills
- Critical thinking, problem solving, self-starter, ability to be a decision maker
- Collaborate effectively across times - specially sales/Fulfillment
- Opportunity and/or trend identification/analysis
- Report creation capabilities
- Electrical component product or industry knowledge is a plus
- Intermediate Proficiency in excel: vlookup, pivot tables. Index+match, nested if statements, array, potentially light macros/VBA etc.
- Experience with flow chart creation and upkeep
- PowerBI experience in report building using multiple data warehouses
- Prior Pricing Experience is mandatory
- Merchandising background is a secondary preference
- Competitive data analysis Experience
- Ability to deliver tasks on strict timelines
- Ability to improve/simplify processes
- Strong work ethic with a healthy work life balance
- Team player with a positive attitude
- The pricing analyst will be responsible for working closely with the Manager of Pricing based in the US
- You will have to work full-time in US timings
Qualifications
- A bachelor's degree in mathematics, statistics, finance, economics, or in a related field
- A master’s degree in business administration will be advantageous
Experience
- A minimum of 2 -3 years of experience as a pricing analyst