Pricing Analyst

Our client, a manufacturing company dedicated to delivering high-quality products to our customers, is currently looking for an experienced Pricing Analyst to contribute to pricing strategies and ensure the company's competitiveness in the market.

Position Overview: The Pricing Analyst will play a crucial role in analyzing market trends, pricing structures, and competitive landscapes to optimize our pricing strategies. The successful candidate will have a keen analytical mindset, strong attention to detail, and a proven track record of driving profitable growth through effective pricing practices. If you have a passion for numbers, an understanding of market dynamics, and the ability to make data-driven recommendations, we invite you to apply for this exciting opportunity.

Responsibilities:

1. Conduct thorough market research and analysis to understand pricing trends, competitor pricing strategies, and industry dynamics.
2. Collaborate with cross-functional teams, including sales, marketing, and finance, to gather relevant data and insights for pricing decisions.
3. Develop and maintain pricing models to evaluate and optimize product pricing, ensuring alignment with business objectives and profitability targets.
4. Monitor and analyze the performance of existing pricing strategies, making recommendations for adjustments as needed.
5. Assess the impact of external factors, such as economic conditions and regulatory changes, on pricing strategies.
6. Work closely with sales teams to provide pricing guidance, support deal negotiations, and ensure consistency in pricing approaches.
7. Identify opportunities for pricing optimization, discount structures, and promotional strategies to maximize revenue and market share.
8. Prepare and present pricing reports and recommendations to senior management, providing insights into key performance metrics and areas for improvement.
9. Stay informed about industry trends, competitor activities, and market developments that may impact pricing decisions.
10. Collaborate with IT teams to enhance pricing tools and systems for more efficient and accurate analysis.

Qualifications:

1. Bachelor's degree in Business, Finance, Economics, or a related field.
2. Minimum of 3 years of experience as a Pricing Analyst in a manufacturing or related industry.
3. Strong analytical skills with proficiency in Excel and data analysis tools.
4. Knowledge of pricing methodologies, market research techniques, and financial analysis.
5. Excellent communication and presentation skills, with the ability to convey complex pricing concepts to diverse stakeholders.
6. Detail-oriented with a strategic mindset and the ability to think critically.
7. Experience working with ERP systems is a plus.
8. Proven ability to work collaboratively in a cross-functional team environment.
9. Understanding of manufacturing processes and product life cycles is desirable.