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For Companies At a Glance
- Tasks: Lead pricing strategies to maximise profitability and competitiveness in the aerospace sector.
- Company: Join a top-tier aerospace material supplier known for its innovation and growth.
- Benefits: Enjoy a salary up to £75K, WFH flexibility, pension scheme, and social events.
- Why this job: Make a real impact on company growth while developing your professional skills in a supportive team.
- Qualifications: Experience in pricing or financial analytics, with strong skills in Python, R, and SQL required.
- Other info: Free parking onsite and opportunities for further certification in data science and analytics.
The predicted salary is between 54000 - 84000 £ per year.
Our client, a leading world-class aerospace material supplier tailored for the Aviation Maintenance, Repair, and Overhaul (MRO) sector, are looking to recruit a Pricing Analyst, to be based at their offices in Hemel Hempstead, Hertfordshire.
On Offer:
- An exciting opportunity to join a rapidly expanding organisation that is a highly regarded materials supplier to the Aerospace sector.
- Work within a collaborative and supportive commercial team.
- Opportunity to make a tangible impact on company profitability and growth.
- Professional Development: the company is committed to the ongoing professional development of its employees.
- Salary up to £75K, depending on experience.
- 1 day WFH flexibility after probationary period.
- Pension scheme, social events and Christmas party.
- Free Parking onsite.
Main Purpose of the Role:
The Pricing Analyst will lead the development, execution and optimization of pricing strategies that maximise profitability while ensuring competitiveness in the market. This position will play a critical role in supporting the business by enhancing pricing intelligence and enabling real time data-driven decisions. You will be reporting to the Sales Manager to ensure alignment with commercial objectives. The role will be supported by the business intelligence team through BI tools and data access to streamline reporting and analytics.
Duties and Responsibilities of the Pricing Analyst:
- Create and maintain a standardized pricing structure for all products, including differentiated tiers (Gold, Silver, Tail, Web).
- Implement dynamic pricing models responsive to market conditions to optimize margin performance.
- Ensure pricing includes full landed cost components such as freight and import duties.
- Design, implement, and manage pricing models to support bids, tenders, and quoting processes.
- Conduct in-depth analysis of historical sales, market trends, competitor activity, customer segmentation, and product lifecycle data to inform strategic pricing decisions.
- Collaborate cross-functionally with sales, finance, and procurement teams to ensure pricing decisions are commercially and operationally viable.
- Monitor customer-specific pricing and margin performance, flagging opportunities for improvement.
- Maintain pricing data integrity within ERP and reporting systems.
- Deliver regular reports and dashboards with insights into pricing KPIs, profitability, and market trends.
To Be Considered:
- Proven experience in pricing, commercial, or financial analytics roles, ideally across FMCG, e-commerce, or related sectors.
- Advanced technical expertise in Python, R, SQL for data analysis and automation.
- Strong modelling capabilities including A/B testing, elasticity modelling, segmentation, clustering, sensitivity/scenario analysis, and conjoint analysis.
- Proficiency in Advanced Excel, including Macros/VBA and Power BI.
- Demonstrated ability to work with large, complex datasets and translate findings into commercial insights.
- Excellent collaboration and stakeholder management skills.
- Familiarity with ERP systems and pricing databases.
- Preferred - Bachelor's degree in Business, Finance, Economics, Mathematics, or a related quantitative field.
- Further certification in data science, pricing strategy, or analytics tools is desirable.
For more details, please contact Willis Global - a leading Recruitment Consultancy for the Aviation & Aerospace industry.
Pricing Analyst employer: Willis Global Ltd
Contact Detail:
Willis Global Ltd Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Pricing Analyst
✨Tip Number 1
Familiarise yourself with the aerospace industry, particularly the MRO sector. Understanding the specific challenges and trends in this field will help you demonstrate your knowledge during interviews and show that you're genuinely interested in the role.
✨Tip Number 2
Brush up on your technical skills, especially in Python, R, and SQL. Since these are crucial for data analysis in the role, being able to discuss your experience or projects involving these tools can set you apart from other candidates.
✨Tip Number 3
Network with professionals in the pricing and analytics fields, especially those within the aerospace sector. Engaging with industry experts can provide valuable insights and potentially lead to referrals or recommendations for the position.
✨Tip Number 4
Prepare to discuss your experience with dynamic pricing models and how you've used data to drive pricing decisions in past roles. Being able to share specific examples will showcase your expertise and align with the responsibilities of the Pricing Analyst position.
We think you need these skills to ace Pricing Analyst
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights relevant experience in pricing, commercial, or financial analytics roles. Emphasise your technical skills in Python, R, SQL, and Advanced Excel, as these are crucial for the Pricing Analyst position.
Craft a Compelling Cover Letter: Write a cover letter that showcases your understanding of pricing strategies and your ability to analyse market trends. Mention specific examples of how you've successfully implemented pricing models or improved profitability in previous roles.
Highlight Collaboration Skills: Since the role requires collaboration with various teams, include examples in your application that demonstrate your stakeholder management skills and your ability to work cross-functionally.
Showcase Analytical Expertise: Detail your experience with data analysis and modelling techniques such as A/B testing and sensitivity analysis. Provide examples of how you've used data to inform strategic decisions in past positions.
How to prepare for a job interview at Willis Global Ltd
✨Showcase Your Analytical Skills
As a Pricing Analyst, your ability to analyse data is crucial. Be prepared to discuss specific examples of how you've used data analysis in previous roles, particularly with tools like Python, R, or SQL. Highlight any projects where your insights led to improved pricing strategies or profitability.
✨Understand the Aerospace Industry
Familiarise yourself with the aerospace sector, especially the MRO market. Research current trends, challenges, and competitors. This knowledge will not only impress your interviewers but also demonstrate your genuine interest in the role and the company.
✨Prepare for Technical Questions
Expect questions that assess your technical expertise, particularly in pricing models and data analysis. Brush up on concepts like A/B testing, elasticity modelling, and scenario analysis. Being able to explain these clearly will show your depth of understanding.
✨Demonstrate Collaboration Skills
The role requires working closely with various teams. Prepare examples that showcase your collaboration and stakeholder management skills. Discuss how you've successfully worked with sales, finance, or procurement teams to achieve common goals.
