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Job Description
- The pricing analyst is a key resource to provide pricing solutions to 3Brothers customers through the sales and account management channels.
- The pricing analyst uses information resources regarding customer needs, historical data, market conditions, and internal margin/revenue targets to prepare pricing quotes and internal proposals regarding pricing strategies for future campaigns/seasons/segments.
- Also to gather the market price throughout various marketing tools for each quarter or whenever there is a market change.
- Present pricing analysis at a monthly strategy meeting, with insights, trends, and suggestions.
- Develop and maintain pricing tools and profitability models.
- Monitor input costing changes and develop sensitivity analysis thresholds to provide reporting on potential changes to finished product prices.
- Grow total gross margin by identifying pricing actions that encourage higher sale values, conversion rates, inelasticity, margin rates, and customer satisfaction.
- Forecast margins to help the business understand the impact of promotional and seasonal pricing.
- Communicate and help implement pricing changes bi-directionally through the command chain.
- Lead pricing-related projects including establishing timelines, defining deliverable, and drafting communications or presentations.
- Maintain knowledge and stay abreast of developments in the industry via information obtained from financial publications and services, government agencies, company sources, and personal interviews.
- Assist R&D efforts with market views and feedback.
- Gather and analyze market and competition prices and work accordingly.
Job Requirements
- Bachelor’s degree in finance, operations, research, statistics, math, economics, or related analytical discipline preferred, Engineering background will be also considered.
- Financial experience with planning, forecasting, and business analysis Experience within Electrical industries is preferred.
- Work cross-functionally throughout the organization to drive analysis-driven change.
- Demonstrates complex problem resolution proficiency and the ability to identify/implement process and system enhancements.
- Proficiency in analytical and presentation tools.
- Knowledge of BI tools and practical experience in analyzing data, program metrics, and performance.
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