Senior Pricing Analyst
1-800 Contacts
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Posted:
August 21, 2023
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Hybrid
About the position
The Senior Pricing Analyst will play a critical role in shaping pricing strategies to optimize revenue, profitability, and market competitiveness. This position requires a deep understanding of market dynamics, pricing trends, and quantitative analysis. The analyst will collaborate with cross-functional teams to develop and execute pricing strategies aligned with business objectives, conduct market analysis, lead pricing optimization initiatives, monitor pricing performance and trends, and provide regular reports and recommendations to senior management. They will also analyze historical sales data, forecast demand elasticity, and identify pricing opportunities for product-specific marketing efforts.
Responsibilities
- Collaborate with cross-functional teams including Sales, Marketing, Finance, and Product to develop and execute pricing strategies that align with business objectives.
- Conduct thorough market analysis to identify pricing opportunities, competitive positioning, and potential risks.
- Lead pricing optimization initiatives by leveraging statistical modeling, regression analysis, and other quantitative methods.
- Monitor pricing performance and market trends, providing regular reports and recommendations to senior management.
- Perform segmentation analysis to identify customer segments and tailor pricing strategies based on their unique behaviors and needs.
- Analyze historical sales data to forecast demand elasticity and simulate the impact of pricing changes on revenue and profitability.
- Conduct cost change analyses to monitor adoption and margin impact.
- Identify pricing opportunities and make recommendations to business leaders.
- Analyze additional price related offers such as rebates, product specific promotions, and new and repeat offers.
- Create break-even analyses for our discount campaigns.
- Stay abreast of industry trends and developments related to pricing strategies.
Requirements
- Deep understanding of market dynamics, pricing trends, and quantitative analysis
- Experience in developing and executing pricing strategies aligned with business objectives
- Ability to conduct thorough market analysis to identify pricing opportunities, competitive positioning, and potential risks
- Proficiency in statistical modeling, regression analysis, and other quantitative methods for pricing optimization
- Strong analytical skills to monitor pricing performance and market trends, providing regular reports and recommendations to senior management
- Experience in segmentation analysis to tailor pricing strategies based on customer behaviors and needs
- Ability to analyze historical sales data to forecast demand elasticity and simulate the impact of pricing changes on revenue and profitability
- Knowledge in conducting cost change analyses to monitor adoption and margin impact
- Ability to identify pricing opportunities and make recommendations to business leaders
- Familiarity with analyzing additional price-related offers such as rebates, product-specific promotions, and new and repeat offers
- Proficiency in creating break-even analyses for discount campaigns
- Knowledge of industry trends and best practices in pricing strategies.
Benefits
- Free eye exams for your entire family
- Deep discounts on lenses, glasses, and other services
- Amazing healthcare coverage
- 401(k) match
- Flexible PTO
- Tuition reimbursement program
- In-house restaurant with highly discounted meals (Steak dinner under $6)
- Free snacks, ice cream, and drinks every day
- Full onsite gym