Pricing Analyst
Pricing Analyst
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1 Vacancy
Job Description
*PLEASE PROVIDE A RESUME
POSITION PURPOSE
The Pricing Analyst executes and maintains the pricing strategies for categories and manages multiple pricing zones based on competitive pricing analysis. The Pricing Analyst is responsible for creating insightful data that enables achieving financial goals through the incorporation of historical and competitor data that impact category sales margin and rate performance. This job classification requires knowledge of retail operations and pricing strategies and the ability to implement pricing objectives within the merchandising system.
ESSENTIAL JOB FUNCTIONS AND BASIC DUTIES
1. *Conducts research produces analyses and recommends actions to optimize sales and margin performance.
a. Conducts competitive pricing analysis reviews and analyzes product pricing compared to the competitors in the marketplace.
b. Implements and maintains pricing infrastructures while ensuring pricing complies with guidelines and meets financial targets.
c. Maintains competitive pricing databases designed to support pricing information decisions.
d. Implements and monitors pricing for KVIs (key value items).
e. Utilizes price optimization tools and systems to deliver Bashas pricing strategy.
f. Continuously reviews and pro-actively identifies areas of opportunities for profit and or/margin enhancement.
2. *Manually enters product pricing into merchandising system database including price changes.
a. Periodically audits computer outputs to ensure data accuracy.
b. Researches and resolves pricing issues as reported by stores on the Company intranet Category Managers and system-generated reports.
c. Works with Category Managers to ensure pricing goals are accurately captured and translated by the pricing system.
3. *Provides reporting and documentation of pricing structures and serves as the point of contact for pricing inquiries.
a. Prepares monthly analysis and additional reports as required.
4. *May consult with Category Managers regarding pricing strategies.
MINIMUM QUALIFICATIONS
EDUCATION AND EXPERIENCE: High School Diploma or G.E.D. and a minimum of two or more (2) years of analysis experience.
REQUIRED
KNOWLEDGE: Microsoft Office Suite. Knowledge of the fundamental concepts practices and procedures of retail pricing. Knowledge of the pricing system procedures and business objectives and the impacts on total store value offer.
SKILLS &
ABILITIES: Strong computer skills plus proficiency with related pricing software packages. Computer skills with a working knowledge of MS Windows and associated MS Office email word-processing and spreadsheet applications such as Outlook Word and Excel Detail-oriented and organized with an emphasis on prioritization Strong communication and problem-solving skills Ability to work independently from written and/or verbal instructions with little supervision Ability to maintain confidentiality of sensitive information
Required Experience:
IC
Employment Type
Hourly
