A pricing analyst is responsible for analyzing competitor pricing matched with market expectations to determine the ideal target price for the products.
Job Description
Perform competitor analysis on similar products and services.
Scope out opportunities based on market trends and industry condition.
Identify ideal pricing structures and sales funnels.
Applying statistical modeling methods to determine the potential impact of pricing strategies on profitability.
Forecasting revenue and market share based on market trends, production costs, profit margins, and sales volumes.
Communicate findings effectively to relevant departments of the company.
Work with the sales and marketing team to define pricing structure for company products.
Tracking customer engagement to develop effective pricing strategies for products and offerings.
Revise pricing decisions if necessary, and proactively monitor products’ performance to determine whether reevaluation is needed.
Job Requirements
Bachelor’s degree in finance or other related field.
Minimum of 2 years’ experience preferred in FMCGs.
Highly skilled in multi-tasking and keeping organized.
Capacity to meet different deadlines and manage various tasks.