Pricing Analyst

About the position

Reports to the Supervisor - Tire Pricing Strategy and works closely with the Pricing Operations, Product Strategy, Marketing, and Purchasing teams. In this role you will be analyzing competitor pricing, recommending retail pricing, preparing gross profit and revenue forecasts, and comparing the outcomes of different pricing strategies to increase our business's competitiveness and profitability. To ensure success as a pricing analyst, you should possess sound knowledge of quantitative and qualitative data analysis methods and have experience in a similar role. An accomplished pricing analyst is someone who can translate pricing data into actionable profit-enhancing strategies, with previous experience working with pricing optimization software preferred (such as PROS, Vendavo, Pricefx, etc.).

Responsibilities

• Analyzing data from a variety of sources to gain insights into pricing strategies and market trends.
• Tracking customer engagement to develop effective pricing strategies for products and offerings that increase market share and profitability.
• 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 products 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 for executives, marketing teams, and sales staff.
• Keeping informed on pricing analysis methods and industry trends.

Requirements

• A bachelor's degree in business, mathematics, statistics, finance, economics, or in a related field.
• A master’s degree in business administration would be advantageous.
• Minimum of 3 years of pricing or financial analysis experience in similar industries.
• 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.

Benefits

• Annual profit-sharing bonus
• Medical, dental, vision, and life insurance
• Company-funded retirement plan - no cost to employee
• Paid holidays
• Paid time off
• Hybrid arrangements available (work 1-2 days/week from home)
• Tuition Assistance
• Employee discount