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Sr. Pricing Analyst
hace 3 meses
Summary:
The Sr Pricing Analyst acts as a partner with the category managers and their direct report in Pricing to provide pricing guidance to support the merchandising teams by utilizing and developing tools and reports to support the overall company objectives.
The position is responsible for supporting pricing integrity (price accuracy) decision implementation across the entire pricing lifecycle including initial pricing, promotional pricing, and markdown/clearance pricing.
This role is directly responsible for using data-driven analytics to develop insights to strengthen recommendations around lifecycle pricing strategies.Responsibilities:
Evaluate the day-to-day pricing activities across multiple merchandise categories: Develop tools/programs /reports to communicate pricing trends and supporting analytics to assist merchandising Consult with category managers (CMs) on business decisions to provide a statistical and financial foundation Analyze data in price optimization software and develop scenarios to recommend every day and promotional prices for CMs Apply data-driven analytics to evaluate the marketplace and competitive data to optimally align pricing strategies within the marketplace and store-specific zones Provide fact-based analysis to Merchandise Category, Planning Teams, and Pricing Teams in selecting pricing strategies/rules that result in increased sales, profit and/or market share Oversee the pricing recommendations for each business category including seasonal and event pricing strategies Ensure alignment of pricing strategies and plans to category and company pricing objectives Support the development and implementation of methodologies and price tests to validate category strategies Assist with managing customer segmented pricing activities and provide recommendations based on customer type based on defined customer attributes Measure the success of pricing changes and promotional activity to ensure the team meets company expectations while maintaining stated and approved pricing philosophies Conduct regular analyses of category metrics, analyze/publish new product pricing/reporting, and develop product rationality relationships Compile competitive intelligence and analytics to develop competitive pricing strategies by category Support National Account pricing by running financial impact analyses, deal sheet reviews/audits, and conducting customer rebate calculations Requirements: Level of formal education: A Bachelor's degree (BA, BS) or equivalent
Area of study:
Business Administration, Pice Optimization, Statistics, Engineering, Programming business applications
Years of experience:
3-5 years Type of experience: Knowledge of and interest in activity-based costing, factor analysis, microeconomics, statistical process control, business process analysis, continuous improvement, and business modeling using such techniques as linear regression, experiments, and time series forecasting Programming skills and understanding of database structures
Technical Skills:
Programming languages, Database querying knowledge, Financial analytics
Other/preferred:
SAS programming using existing databases, excellent interpersonal skills, and the ability to work with/contribute to a team
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