Pricing Data Analyst

UTG - St Louis, Mo

Pricing Data Analyst

Full Time

Hybrid Model: On-site in St. Louis 2-3 days a week

Summary

A material handling solutions provider is currently looking to fill an exciting position for an innovative pricing analyst to increase our business's competitiveness and profitability. In this role, you will be analyzing competitor pricing, preparing market share and revenue forecasts, and comparing the outcomes of different pricing strategies. You will also benchmark pricing and profitability across our 40+ locations and create GAP analysis related to pricing opportunities. Finally, you will benchmark and create GAP analysis on customer segments.

To ensure success as a pricing analyst, you should possess sound knowledge of quantitative and qualitative data analysis methods and experience in a similar role. An accomplished pricing analyst is someone who can translate pricing data into actionable profit-enhancing strategies.

Pricing Analyst Responsibilities:

  • Assessing data from a variety of sources to gain insights into pricing strategies and market trends

  • Ability to mine and create own data sets using SQL or other related tools

  • 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

  • Other duties as assigned

Pricing Analyst Requirements:

  • Advanced knowledge of mathematics, statistics, finance, economics, or in a related field

  • A minimum of five years' experience as a pricing analyst in a similar industry or related field

  • Proficiency in business intelligence (BI) software, SQL and other data mining tools

  • In-depth knowledge of statistical methods and data analysis

  • Excellent data visualization skills

  • Extensive experience in analyzing pricing strategies and forecasting revenue and profitability

  • Experience in collaborating on pricing strategies with sales, marketing and operations

  • 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



Posted On: Tuesday, March 21, 2023



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