The primary purpose of this role is to use in depth data analysis and modeling to determine optimal prices recommendations and test designs in partnership with Merchandising. They will combine strong technical skills and pricing strategy experience with company pricing strategies and guardrails to ensure that all pricing activity is in support of the entire company portfolio pricing strategy. The senior pricing analyst will ensure that all financial, business, and customer impact targets are achieved, and they are seen as a true Merchandising partner and pricing subject matter expert. You will need to be adept at working with various data sources and modeling/programming platforms (including Excel, Databricks, Netezza, etc.) and perform additional project-based analyses as required. This role will include occasional presentations to senior executives within the company.
Duties and Responsibilities- Uses existing and future pricing tools to recommend optimal pricing scenarios, test them appropriately, and strategically deploy them.
- Build and maintain cross functional partnerships with merchant partners and communicate effectively about pricing-related business needs.
- Ensures that company pricing strategy and guardrails are utilized across product categories. Where necessary, they will work to recommend and communicate necessary pricing strategy changes to ensure we are achieving overall company Pricing-related objectives (e.g. Financial, Business, and Customer targets and metrics).
- Listens to and reacts to the needs of business partners while also fully supporting the overall company pricing strategy and objectives.
- Utilize all available tools, data, and insights to deliver the best possible analysis and results to their respective partners with limited guidance.
- Adept at drilling into true insights instead of just a data dump analysis, helping stakeholders understand the ‘why?’ behind the ‘what?’.
- Provide cross-functional pricing thought-leadership across merchant teams and other key stakeholders, conducting themselves in a manner that reflects positively on the Pricing Strategy & Analytics organization.
- Ensure they meet all key deliverables and timelines for their projects and tasks. Promptly raises issues that could lead to missed timelines and work with their management team on mitigation plans.
- Shares best practices across the team, identifying repetitive manual work and raises to management team to look for automation opportunities.
- Partner effectively with other team members and cross-functionally build data-driven solutions from large data sets that support business insight, enhanced analytics, and/or greater efficiency
- Perform ad hoc, data-driven analyses to support cross-functional partners through use of extensive sales, customer, and product data.
- Drive efforts to improve processes and efficiency in support of key strategic decision making across business functions
- Develop a strong understanding of available data sets and business needs to enable efficient turnaround for fast-based business requests
- Create and deliver presentations to leadership summarizing insights from analysis and provide necessary recommendations for business decisions
- Position may require other duties assigned by the manager
- Regular attendance is a requirement of the position
Scope- Staff supervision and development: No
- Decision making: Analyze and create reports and recommendations for policies having business strategic and financial impact.
- Travel: Up to 5%
- Flex Designation: Anywhere
The anticipated salary range for this position is $82,700 - 124,000 depending on location, knowledge, skills, education and experience. This position is also eligible for an annual discretionary bonus. In addition, we offer comprehensive and competitive benefits to Associates (and their families) such as medical, dental, vision, life insurance, short-term and long-term disability. Eligible Associates are able to enroll in our company’s 401k plan. Associates will accrue paid time off up to 236 hours per year (inclusive of PTO, floating holidays, and paid holidays). Paid sick time up to 80 hours per year unless otherwise required by law.
