Pricing Strategy Analyst
Pricing Strategy Analyst
Posted on :
13-10-2024
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Job Description
Job Description for the Role of Pricing Strategy Analyst at Acquirex
About the Role:
We are seeking a highly motivated and analytical Pricing Strategy Analyst to join our dynamic team. The ideal candidate will possess a strong understanding of pricing strategies ecommerce and data analysis. This role will be instrumental in monitoring competitor pricing as well as developing and implementing effective pricing strategies that drive revenue and profitability.
Key Responsibilities:
- Skillfully monitor and assess a vast array of hardware products across the manufacturing distribution and retail sectors offered by the company
- Conduct secondary market research to understand pricing trends competitor pricing and consumer behavior across marketplaces to inform pricing strategies. Leverage existing data and insights from industry reports and related publications
- Use Google Analytics to track user behavior analyses traffic sources and evaluate the impact of pricing changes on sales performance and conversion rates
- Analyze sales data cost structures and pricing models to identify opportunities for pricing optimization and profitability improvement
- Analyze sales data to identify highperforming products and develop strategies to enhance their market presence while also pinpointing underperforming products and implementing targeted initiatives to improve their sales performance
- Continuously monitor pricing effectiveness and market changes making adjustments as necessary and regularly assess competitor pricing strategies and market dynamics to maintain a competitive edge
- Assist in demand forecasting by analyzing historical sales data and market trends to predict future pricing and sales performance
- Prepare detailed reports and presentations on pricing performance market trends and recommendations for management and stakeholders
Qualifications:
- MBA in Finance Marketing Operations Analytics or Masters degree in Economics Mathematics or related fields
- 13 / 25 years of experience in pricing analysis business intelligence market research or a related field preferably within ecommerce or manufacturing industries (preferably construction and building materials or home improvement products)
- Proven record of experience with Google Analytics including relevant certifications demonstrating the ability to effectively analyze web traffic and user behavior
Desired Skills:
- Understanding of dynamic pricing strategies including the ability to analyze market conditions and adjust prices based on demand and competition
- Proficiency in Excel data analysis software (e.g. SQL R Python) and pricing software or tools
- Experience with business intelligence tools (e.g. Tableau Power BI) is a plus
- Strong analytical and problemsolving skills with the ability to interpret complex data sets and derive actionable insights
- High level of accuracy and attention to detail in all aspects of work
- Excellent verbal and written communication skills with the ability to present findings clearly to various stakeholders
- Strong interpersonal skills with the ability to work collaboratively in a team environment
Preferred Skills:
- Existing knowledge of market research firms/industry report providers such as Nielson as well as data platforms such as Amazon Product Advertising API or eBay API
Remote Work :
No
Employment Type
Full Time
Key Skills
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