As a pricing analyst for an eCommerce website, you will be responsible for analysing pricing trends, conducting competitive analysis, and developing pricing strategies to optimize revenue, margins, and profitability. You will work closely with marketing, sales, merchandising, and finance to ensure pricing decisions align with the overall business strategy.
The role will be key to business growth and a willingness to learn and develop will be essential to the role’s success.
Key Responsibilities:
Analyse pricing trends and identify opportunities to develop pricing models and strategies for price optimization to improve revenue and profitability.
Conduct competitive analysis and gather market intelligence to inform pricing decisions.
Develop and implement pricing strategies for various product categories and customer segments.
Collaborate with other teams such as marketing and merchandising to align pricing decisions with overall business strategy.
Liaise with other departments to ensure pricing plans are implemented correctly and efficiently.
Monitor and report on pricing performance and make recommendations for adjustments as necessary.
Work with finance team to ensure pricing decisions align with financial targets.
Communicate pricing decisions and strategies to internal stakeholders.
Provide guidance and support to other departments on pricing-related matters, for example new product development.
Preferred Qualifications:
Experience in eCommerce or retail industry.
Advanced degree in business, finance, economics, or a related field.
Familiarity with pricing optimization tools and software.
Experience with A/B testing and experimentation methodologies.
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Yahoomail