Pricing Analyst
3 months ago
We are a marketing and distribution company for automotive parts and are the leading supplier of CV Axles to the Automotive Aftermarket in North America. We also offer a broad coverage of Window Regulators, Drive Shafts, and ATV Axles. We sell to Warehouse Distributors and mass retailers throughout North America and are a rapidly growing company poised for continued growth.
JOB SUMMARY:
The Pricing Analyst will analyze competitor pricing, preparing market share and revenue forecasts, and comparing the outcomes of different pricing strategies.
ESSENTIAL DUTIES AND RESPONSIBILITIES:
- Assess data from a variety of sources to gain insights into pricing strategies and market trends.
- Analyze competitor pricing and market trends to increase market share and profitability.
- Track customer engagement to develop effective pricing strategies for products and offerings.
- Apply statistical modeling methods to determine the potential impact of pricing strategies on profitability.
- Recommend pricing strategies that align closely with market trends and identify new market segments.
- Forecast revenue and market share based on market trends, production costs, profit margins, and sales volumes.
- Collaborate with sales and marketing departments on developing and implementing competitive pricing strategies.
- Develop dynamic pricing tools to effectively respond to changing market needs and trends.
- Prepare and present pricing analysis findings to executives, marketing teams, and sales staff.
- Keep informed on pricing analysis methods and industry trends.
- Perform other duties as assigned.
KNOWLEDGE, SKILLS AND ABILITIES:
- Experience working as a pricing analyst.
- Strong knowledge analyzing market trends.
- Keen eye for identifying opportunity.
- Strong analytical and research skills
- Excellent verbal and written communication skills
- Good negotiations and problem-solving skills
- Effective reporting and presentation skills
- Enthusiastic and proactive team player
MINIMUM JOB REQUIREMENT:
- Associates degree in mathematics, statistics, finance, economics, or in a related field
- Minimum of 5 years’ experience as a pricing analyst.
PREFERRED SKILLS AND QUALIFICATIONS:
- Bachelor’s degree
WORKING CONDITIONS and PHYSICAL EFFORT:
- Prolonged periods sitting at a desk and working on a computer.
- Must be able to lift up to 25 pounds at times.