Competitive Pricing Analyst provides analysis of revenue, market share, capacity, and competitor activity to develop optimal pricing for geographies and market segments aligned with products and sales strategy. Conducts market research, assesses data, and develops insights into market trends and pricing strategies. Being a Competitive Pricing Analyst maintains a database of historical pricing data to monitor and evaluate the effectiveness of pricing and guide pricing decisions. Coordinates tools, reports, and communications for accurate pricing information responsive to market changes. Additionally, Competitive Pricing Analyst typically requires a bachelor's degree in business or related discipline. Typically reports to a manager. The Competitive Pricing Analyst occasionally directed in several aspects of the work. Gaining exposure to some of the complex tasks within the job function. To be a Competitive Pricing Analyst typically requires 2 -4 years of related experience. (Copyright 2024 Salary.com)
Reloation to Bend, OR is required (Assistance offered)
Direct Hire
Salary: $62,000-$86,000
Benefits Include: Medical, Dental, Vision Benefits, 401k, Profit Sharing
Requirements:
● A bachelor's degree in business, mathematics, statistics, finance, economics, or in a related field.
● A master’s degree in business administration would be advantageous.
● Minimum of 3 years of pricing analysis experience in similar industries (qualitative and quantitative).
Nice-to-Have:
· Pricing optimization software experience (PROS, Vendavo, Pricefx, etc).
Day-to-Day:
A tire retail client of Insight Global's located in the Bend, OR area is currently sourcing for a Pricing Analyst to work on a direct-hire basis. This role will involve analysis of competitor pricing, recommending retail pricing, preparing gross profit/revenue forecasts, and comparing the outcomes of different pricing strategies to increase the businesses' profitability and competitiveness. A successful candidate will have strong knowledge of qualitative and quantitative data analysis methods, and experience in a similar role translating pricing data into actionable profit-enhancing strategies. The main responsibilities will include:
· Collecting and analyzing data from various sources to gain insights into pricing strategies and market trends.
· Tracking customer engagement to develop effective pricing strategies for products and offerings that increase market share and profitability.
· Applying statistical modeling methods to determine the potential impact of pricing strategies on profitability.
· Recommending pricing strategies that align closely with market trends and identifying new market segments.
· Forecasting revenue and market share based on market trends, production costs, profit margins, and sales volumes.
· Collaborating with product and marketing departments to develop and implement competitive pricing strategies.
· Developing dynamic pricing tools to effectively respond to changing market needs and trends.
· Preparing and presenting pricing analysis findings for executives, marketing teams, and sales staff.
·Staying informed on pricing analysis methods and industry trends.