Pricing Analyst Job Description

Pricing analysts are employees who work for businesses that provide pricing services.

Pricing analysts use pricing principles to propose prices that a company believes will end in maximum profit.

They evaluate the demand and market conditions of a product, and then propose an appropriate price based on those factors.

Pricing analysts collaborate with internal departments when deciding if a product should be priced high or low.

Pricing analysts may also collaborate with external business partners, such as vendors or customers, to develop pricing proposals.

Updated on:     
October 7, 2022

Job Brief:

We're looking for a Pricing Analyst who is passionate about data and analysis, and who is excited to help us build a best-in-class pricing function. The ideal candidate will have experience in a pricing or finance role, and will be a quick learner with a knack for finding creative solutions to difficult problems. If you are a self-starter with a strong work ethic and a positive attitude, we want to hear from you!

Pricing Analyst Duties:

  • Analyze and interpret client data regarding occupancy and current market conditions
  • Determine and oversee rate changes, promotions, and other special pricing programs
  • Research and analyze client data to determine rates, profitability, and marketing strategies
  • Promote client retention by adjusting rates based on current market conditions
  • Coordinate and oversee market research and analysis
  • Develop new pricing strategies
  • Participate in training and recruiting

Pricing Analyst Responsibilities:

  • Analyze data and reports to determine product profitability, including: unit pricing, profitability per unit, and margins for products by customer, by geographic region, and by product; determine pricing strategy, such as: selling price, margin, and discount rate, by customer, by region, and by product; determine product pricing trends; and identify opportunities to improve pricing strategy
  • Make recommendations and collaborate with sales, marketing, and other functional departments on pricing strategies and promotion opportunities to improve profitability; develop and maintain pricing files including sales targets, customer pricing data, product pricing data, and competitors’ pricing data; recommend a pricing policy; and reconcile pricing files
  • Understand and comply with company policies and procedures
  • Other duties as assigned

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Requirements And Skills:

  • Bachelor’s degree (preferably in business or finance) or equivalent professional experience
  • 2+ years of pricing experience
  • Excellent skills in analytical, numerical, and mathematical problem solving
  • Strong knowledge of Microsoft Excel
  • Strong knowledge of Microsoft Office
  • Excellent communication and presentation skills

[Company Name] values diversity and is an Equal Opportunity Employer. We're committed to building an inclusive team that represents a wide range of backgrounds, perspectives, and skills. We encourage applications from people of all races, religions, national origins, genders, gender expressions, and ages, as well as veterans and individuals with disabilities.