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- Tasks: Analyse pricing trends and support strategic pricing initiatives to boost sales and margins.
- Company: Established manufacturing firm with a focus on innovation and growth.
- Benefits: Competitive salary, excellent benefits, training, and development opportunities.
- Why this job: Join a dynamic team and make a real impact on pricing strategies.
- Qualifications: Degree in Finance/Economics or Business; strong analytical and communication skills required.
- Other info: Office-based role with flexible work options after training.
The predicted salary is between 35000 - 45000 £ per year.
Our client, well established in the manufacturing industry, are looking for a Price Analyst to support the Pricing Strategy Project within the business. You will be involved in the ongoing monitoring and management of pricing to help achieve the strategic business objectives, optimize prices, increase sales and improve margins.
Key duties will include:
- To review, analyse and produce accurate reporting of pricing trends by Product Type, Region and Customer.
- To review core business pricing requirements for pro-active customer proposals.
- To help drive and support the implementation of the new Pricing Strategy as a key member of the Project Team.
- To facilitate and manage review meetings with Sales Teams, presenting pricing reports, key findings and recommendations.
- To monitor sales price increases compared to recommendations where improvements need to be made, or erosion has been seen and compile margin analysis reports by product and country.
- To develop detailed sale price erosion reports comparing actual v PY and Budgets by country/ Customer/ Product and consolidated views.
- To develop sales bridges by product sector.
- To implement, review and drive improvements of Floor and Target Pricing levels within the CRM system; providing ongoing maintenance.
- To evaluate Project Opportunities, reviewing true margin and appropriate pricing levels to consider if it is deemed an acceptable opportunity.
- To investigate and provide recommendations on development of tools to improve price monitoring & reporting.
- To assist with the maintenance of Price List management within business ERP System (BaaN) and CRM quotation system; identifying updates and improvements.
- To develop Sales analysis for budget preparation comparing actual to proposed new budget.
- To monitor the price of copper and FX and update the CRM and price/ cost models as appropriate.
To be suitable for this challenging and rewarding role you will have the following key skills and experience:
- Degree in Finance/ Economics or Business.
- Operating in a fast-paced environment to challenging deadlines.
- Significant experience of successful pricing for UK and internationally based customers.
- Background in Manufacturing preferred.
- Track record of analysing large amounts of data, identifying key trends/ points.
- Experience in presenting and reporting on data analysis, focusing on key issues.
- Excellent analytical, questioning, reasoning and decision-making skills, coupled with a strong appreciation for the business impact of decisions made.
- Excellent oral and written communication skills.
- Excellent organisational and planning skills.
- Advanced Excel skills including financial modelling; Power BI and Power Query for report building and analysis; PowerPoint is also a key skill required.
- Can demonstrate the ability to prioritise, multitask whilst retaining attention to detail and accuracy.
You will receive a competitive salary, excellent benefits, training and development. The hours are Mon-Fri 8:30-5pm and typically office based but with the option of working 1 day from home once fully trained. Please send CV and application ASAP for consideration.
Locations
Pricing Analyst in Glenrothes, Scotland employer: Avenue Scotland
Contact Detail:
Avenue Scotland Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Pricing Analyst in Glenrothes, Scotland
✨Tip Number 1
Network like a pro! Reach out to people in the manufacturing industry, especially those who work in pricing or analytics. A friendly chat can lead to insider info about job openings that aren't even advertised yet.
✨Tip Number 2
Prepare for interviews by diving deep into pricing strategies and trends. Brush up on your analytical skills and be ready to discuss how you can optimise prices and improve margins. Show them you mean business!
✨Tip Number 3
Don’t just apply anywhere; focus on companies that align with your values and career goals. Use our website to find roles that excite you and tailor your approach to each one. We’ve got your back!
✨Tip Number 4
Follow up after interviews! A quick thank-you email can keep you top of mind. Mention something specific from your conversation to show you were engaged and are genuinely interested in the role.
We think you need these skills to ace Pricing Analyst in Glenrothes, Scotland
Some tips for your application 🫡
Tailor Your CV: Make sure your CV is tailored to the Pricing Analyst role. Highlight your experience in pricing strategies, data analysis, and any relevant tools like Excel or Power BI. We want to see how your skills match what we're looking for!
Showcase Your Analytical Skills: In your application, don’t just list your skills—show us how you've used them! Share specific examples of how you've analysed data or improved pricing strategies in previous roles. This will help us see your potential impact on our team.
Keep It Clear and Concise: When writing your application, clarity is key! Use straightforward language and avoid jargon. We appreciate a well-structured application that gets straight to the point, making it easy for us to see your qualifications.
Apply Through Our Website: We encourage you to apply through our website for the best chance of being noticed. It’s super easy and ensures your application goes directly to us. Plus, we love seeing candidates who take that extra step!
How to prepare for a job interview at Avenue Scotland
✨Know Your Numbers
As a Pricing Analyst, you'll be dealing with a lot of data. Brush up on your analytical skills and be prepared to discuss how you've used data to identify trends in previous roles. Bring examples of reports or analyses you've created that demonstrate your ability to make data-driven decisions.
✨Understand the Business Impact
Make sure you can articulate how pricing strategies affect overall business objectives. Research the company’s current pricing strategy and think about how you could contribute to optimising prices and improving margins. This shows you're not just focused on numbers but also on the bigger picture.
✨Practice Your Presentation Skills
You'll need to present findings to Sales Teams, so practice explaining complex data in a clear and engaging way. Prepare a mock presentation based on hypothetical pricing reports and get comfortable with tools like PowerPoint. This will help you convey your insights effectively during the interview.
✨Stay Current on Market Trends
Familiarise yourself with current market trends, especially in the manufacturing sector. Be ready to discuss how external factors like copper prices and foreign exchange rates can impact pricing strategies. Showing that you’re informed about the industry will impress your interviewers.