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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 flexible work options.
- 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: Fast-paced environment with opportunities for professional development.
The predicted salary is between 35000 - 45000 £ per year.
Our client, well established in the manufacturing industry, is 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.
Responsibilities
- Review, analyse and produce accurate reporting of pricing trends by Product Type, Region and Customer.
- Review core business pricing requirements for pro‑active customer proposals.
- Help drive and support the implementation of the new Pricing Strategy as a key member of the Project Team.
- Facilitate and manage review meetings with Sales Teams, presenting pricing reports, key findings and recommendations.
- 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.
- Develop detailed sale price erosion reports comparing actual vs PY and Budgets by country/Customer/Product and consolidated views.
- Develop sales bridges by product sector.
- Implement, review and drive improvements of Floor and Target Pricing levels within the CRM system; providing ongoing maintenance.
- Evaluate Project Opportunities, reviewing true margin and appropriate pricing levels to consider if it is deemed an acceptable opportunity.
- Investigate and provide recommendations on development of tools to improve price monitoring & reporting.
- Assist with the maintenance of Price List management within business ERP System (BaaN) and CRM quotation system; identifying updates and improvements.
- Develop Sales analysis for budget preparation comparing actual to proposed new budget.
- Monitor the price of copper and FX and update the CRM and price/ cost models as appropriate.
Qualifications
- 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.
Benefits
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.
Pricing Analyst employer: Avenue Scotland
Contact Detail:
Avenue Scotland Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Pricing Analyst
✨Tip Number 1
Network like a pro! Reach out to people in the industry, especially those who work in pricing or manufacturing. A friendly chat can lead to insider info about job openings that aren't even advertised yet.
✨Tip Number 2
Prepare for interviews by brushing up on your analytical skills. Be ready to discuss how you've tackled pricing strategies in the past and how you can bring value to the team. We want to see your thought process!
✨Tip Number 3
Show off your Excel skills! During interviews, be prepared to demonstrate your ability to analyse data and create reports. Bring examples of your work if you can – it’ll make you stand out from the crowd.
✨Tip Number 4
Don’t forget to apply through our website! It’s the best way to ensure your application gets seen by the right people. Plus, we love seeing candidates who take that extra step to connect with us directly.
We think you need these skills to ace Pricing Analyst
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 you've used. We want to see how your skills match what we're looking for!
Showcase Your Analytical Skills: Since this role involves a lot of data analysis, be sure to showcase your analytical skills in your application. Mention specific projects where you’ve successfully identified trends or made recommendations based on data. We love numbers, so let them shine!
Craft a Compelling Cover Letter: Your cover letter is your chance to tell us why you're the perfect fit for the Pricing Analyst position. Share your passion for pricing strategies and how you can contribute to our team. Keep it engaging and personal – we want to get to know you!
Apply Through Our Website: Don’t forget to apply through our website! It’s the best way for us to receive your application and ensures you’re considered for the role. Plus, it’s super easy – just follow the prompts and you’ll be all set!
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 ready to discuss how you've used data to drive pricing decisions in the past. Prepare examples of pricing trends you've identified and how they impacted business outcomes.
✨Master the Tools
Familiarise yourself with Excel, Power BI, and any other tools mentioned in the job description. Be prepared to demonstrate your proficiency during the interview. You might even be asked to solve a problem on the spot, so practice using these tools to analyse data and create reports.
✨Understand the Business
Research the manufacturing industry and the specific company you're interviewing with. Understand their pricing strategy and market position. This will help you tailor your answers and show that you're genuinely interested in contributing to their goals.
✨Communicate Clearly
Since you'll be presenting findings and recommendations, practice explaining complex data in simple terms. Use clear examples from your past experiences to illustrate your points. Good communication skills are key, so make sure you can articulate your thoughts confidently.