Pricing Analyst

About the position

We have an opening for a pricing analyst on the Pro (Commercial) Pricing team. The role will have global exposure to the pricing functionality in retail automotive business at a thriving company. The ideal candidate should have strong problem-solving skills and communication skills and be able to handle a steep learning curve to develop business knowledge, work with large, complex data sets, and generate actionable business insights that impact strategic pricing decisions for the company. This Strategic Pricing Analyst position is responsible for partnering with our field / frontline teams to develop and execute pricing strategies that drive incremental sales and profit for Advance Auto Parts. The Analyst will work as an expert and manage customer discounts and pricing strategies within the price optimization system. The position is a hands-on, action-oriented role accountable to help build a world class pricing capability that drives future company performance.

Responsibilities

• Enable data driven business decisions by generating insights from the data, to optimize pricing strategies and execute the right pricing decisions across multiple merchandising categories within the commercial / DIFM segment.
• Develop effective relationships with Merchants, Field Leaders and Pricing Leaders. Build trust at all levels by proactively providing credible and value-added support.
• Understand simple and complex pricing policies and potential impact on key business metrics.
• Comprehend business requirements and formulate mathematical models to develop solutions for retail pricing business, competitive intelligence, price elasticity, customer segmentation and discounts analysis.
• Use multiple data systems, tools and platforms to analyze key business trends, formulate hypotheses and present meaningful business insights to pricing leadership teams and our frontline sales employees.
• Effectively Communicate with multiple stakeholders while owning various business initiatives and delivering quality output.
• Work collaboratively with multiple teams e.g. IT, data governance, merchandising, finance etc. in a global environment to validate and execute pricing requests without errors.

Requirements

• 1 to 4 years of related business analytics, pricing and/or merchandising experience.
• Bachelor of Science degree in Business, Marketing, Economics, Mathematics, or Statistics from an accredited four-year college or university.
• Strong ability to define problems, collect data, establish facts, and draw valid conclusions through analytical and problem-solving skills.
• Excellent communication and collaborative skills with the ability to work in cross functional multi-cultural global teams.
• Ability to present information and respond to questions from groups of senior management, department heads, managers, sales teams and frontline, customer-facing employees.
• Excel skills and database skills required, as well as an ability to learn company systems and tools as needed.
• Familiarity with AS400, SQL and some basic programming a plus.
• Should be a result-oriented problem solver who can collaborate across teams and functions to find solutions to any technical or functional problems.