Responsibilities
– Conduct thorough pricing analysis by gathering and analyzing data from various sources, including market research, historical sales data, and competitor pricing. Identify pricing trends, opportunities, and threats.
– Monitor and assess competitor pricing strategies and market positioning. Provide recommendations on how to respond to competitive pricing changes effectively.
– Collaborate with cross-functional teams to develop and implement pricing strategies that maximize profitability while maintaining competitiveness. This includes pricing for new products, promotions, and discounts.
– Build and maintain pricing models to forecast the impact of different pricing strategies on revenue and profitability. Use statistical tools and data analysis techniques to make informed recommendations.
– Assist in setting and adjusting product prices based on market conditions, cost structures, and strategic objectives. Ensure pricing consistency across all sales channels.
– Generate regular reports and dashboards to communicate pricing insights and performance to senior management. Provide actionable recommendations based on data analysis.
– Design and execute pricing experiments to evaluate the effectiveness of pricing changes. Monitor and measure the results to inform future pricing decisions.
– Work closely with sales, marketing, finance, and product development teams to align pricing strategies with business goals and objectives.
– Ensure pricing strategies comply with regulatory requirements and industry standards.
– Bachelor’s degree in Business, Finance, Economics, or a related field.
– Proven experience as a Pricing Analyst or in a similar analytical role.
– Strong analytical and quantitative skills, including proficiency in data analysis tools and techniques.
– Experience working with ERP and Power BI is an asset.
– Proficient working knowledge in MS Excel.
– Excellent communication skills, with the ability to present complex pricing data and insights to non-technical stakeholders.
– Proficiency in using pricing software and tools.
– Knowledge of industry-specific pricing dynamics and trends.
– Attention to detail and the ability to work independently and as part of a team.
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