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The Commercial Product and Price Analyst is responsible for determining the appropriate pricing for company products based on a variety of factors. Their duties include conducting market research to learn more about competitor pricing for similar items, reviewing previous sales data and company revenue needs and deciding a market price for a range of products based on their finding. Also include the deep analysis of data and then determining the best way to represent it visually to managers and stakeholders.
Key Duties
- Analyse pricing data from industry standards, previous sales trends and competitors and report data to decision-makers.
- Identify marketing strategies to increase profits
- Develop measurement tools to identify changing market trends.
- Identify appropriate sales and clearance prices to increase customer traffic.
- Compare sales trends to previous periods and determine the cause for decrease or increase.
- Interpret data, analyse results using statistical techniques and provide ongoing reports
- Develop and implement databases, data collection systems, data analytics and other strategies that optimise statistical efficiency and quality
- Acquire data from primary or secondary data sources and maintain databases/data systems
- Identify, analyse, and interpret trends or patterns within the data sets
- Work with management and the aftersales team to prioritise business and information needs
- Help locate and define areas of weakness and opportunities that can be leveraged to improve the financials of the Aftersales business
- Liaise with internal and external clients to fully understand data content
- Assist with producing sector and competitor benchmarking
Our ideal candidate will
- Education: Qualifications in Business, Economics, or Mathematics, or equivalent educational qualification, or experience in sales, marketing, or finance. But a pricing experience is preferred
- Strong quantitative and analytical skills: The pricing analyst job requires providing insight working with large data and numbers. Equipped with quantitative and analytical skills, and the ability to identify the right tools applicable to a given data set for a valid result
- Advanced computer skills with Microsoft Tools, i.e., Excel, Word and PowerPoint
- Experience with ERP and SAP
- Must be customer focussed, creative and business orientated
- Excellent communicator at all levels
- Results driven and self-motivated
Benefits
- 25 days holiday plus bank holidays
- Private healthcare
- Access to private dental care
- Access to car scheme
- Pension scheme
- Benefits and rewards at local shops, restaurants and more
- Flexible working
