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- Tasks: Support pricing strategy analysis and client fee arrangements for major clients.
- Company: Join Baker McKenzie, the world's leading law firm with a vibrant Belfast office.
- Benefits: Enjoy hybrid work, comprehensive health cover, and a fantastic benefits package.
- Why this job: Be part of a diverse team driving profitability and innovation in a global firm.
- Qualifications: Bachelor's degree required; strong analytical skills and Excel proficiency preferred.
- Other info: Opportunity to work closely with senior professionals and develop valuable skills.
The predicted salary is between 36000 - 60000 £ per year.
Location: Belfast
Workplace: Hybrid
The opportunity: The Global Pricing Strategy Analyst will support the Global Pricing Strategy Manager in analyzing and interpreting the underlying data that informs the design and negotiation of client relationship fee arrangements for major clients (e.g., IKCs) and significant matters across the firm. Working closely with senior team members, this role will contribute to Firm-wide profitability by:
- Expanding coverage to provide additional support to client teams in developing tailored commercial approaches
- Enhancing analytical insights through robust and regular analysis of key pricing, practice group and client matter trends that can be applied to proposals and pitches
- Strengthening pricing capabilities by identifying and implementing pricing-related initiatives, ensuring proactive engagement with client teams
Working at Baker McKenzie: Baker McKenzie is the world's leading law firm with offices all over the world. Our Belfast Centre is home to over 400 colleagues in both legal and professional services. We offer one of the best workplace benefits packages in the business with comprehensive private health cover, income protection, life assurance and a full employee assistance plan. These and a host of other benefits make us one of the most desirable companies to work for in Belfast. We are committed to promoting inclusion, diversity, and equity for all and are confident we can provide a career as individual and as exceptional as you.
Responsibilities:
- Support engagement with Firm Partners, frontline client service teams, and BDMC teams to provide guidance and enablement on pricing while liaising with fee-earning teams on service delivery and Finance teams on operationalizing commercial terms.
- Support the development of client relationship/matter fee deals:
- Create appropriate scenario-based models to assess the financial and profitability impact of pricing options
- Develop feasible pricing solutions that satisfy client objectives and brief decision-makers on the financial implications of various pricing terms
- Monitor and analyse the financial performance of alternative fee-based matters to identify and communicate best practices to improve future outcomes
- Provide 'ad hoc' pricing support to client teams to help in the development of fee options
- Analyse and interpret client billing and collections data, independently research matters to investigate scope and cost, and engage (where appropriate) with specialist teams to build operational context on historic matters
- Work closely with the Firm's BDMC team to provide analysis supporting client and practice development initiatives
- Contribute to maintenance and ongoing improvement of analytical pricing tools, including the Firm's Global Rate Card, Matter Pricing Tool and other bespoke tools
- Enhance and further develop tools and processes to support engagement scoping, budgeting and analysis
- Review and distil findings regularly from key sources of competitive intelligence and client feedback for briefing to client service and business teams
- Assist in the development of practice or firm-wide pricing-related training, including (but not limited to) presentations to the financial control community, client managers, and client teams
Skills and Experience:
- A relevant bachelor's degree is required; coursework in business, finance, accounting, math, or statistics is strongly preferred
- Experience working in a large organization
- Strong analytical skills with the ability to interpret and draw meaningful conclusions from large data sets
- Able to develop complex financial models with and without supervision
- High level of proficiency in Excel, PowerPoint and Word. SAP and Tableau experience is a plus
- Able to work independently and willing to work hands-on to achieve objectives in a relatively flat organizational structure
- Adaptable and able to work under pressure
- Excellent communication skills; demonstrated ability and desire to work collaboratively with senior-level professionals to help them succeed in meeting their business development objectives
- A proactive, can-do attitude with problem-solving skills
- Experience or familiarity with law firm operations is a plus but not required
To be considered for this role you will be redirected to and must complete the application process on our careers page. To start the process click the Continue to Application or Login/Register to apply button below.
Global Pricing Strategy Analyst employer: Baker McKenzie
Contact Detail:
Baker McKenzie Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Global Pricing Strategy Analyst
✨Tip Number 1
Familiarise yourself with the key pricing strategies used in large organisations, especially within the legal sector. Understanding how firms like Baker McKenzie structure their pricing can give you an edge in discussions during interviews.
✨Tip Number 2
Brush up on your analytical skills by practising with real-world data sets. Being able to interpret and draw conclusions from data is crucial for this role, so consider using tools like Excel or Tableau to enhance your proficiency.
✨Tip Number 3
Network with professionals in the pricing strategy field, particularly those who work in law firms. Engaging with industry experts can provide insights into the role and may even lead to referrals or recommendations.
✨Tip Number 4
Prepare to discuss your problem-solving approach in interviews. This role requires a proactive attitude, so think of examples where you've successfully tackled challenges, especially in a team setting.
We think you need these skills to ace Global Pricing Strategy Analyst
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights relevant experience and skills that align with the responsibilities of a Global Pricing Strategy Analyst. Emphasise your analytical skills, experience with financial models, and any familiarity with law firm operations.
Craft a Compelling Cover Letter: Write a cover letter that showcases your understanding of pricing strategies and your ability to analyse data effectively. Mention specific examples from your past experiences that demonstrate your problem-solving skills and adaptability.
Highlight Technical Skills: Since proficiency in Excel, PowerPoint, and Word is crucial for this role, ensure you mention your level of expertise in these tools. If you have experience with SAP or Tableau, be sure to include that as well.
Showcase Communication Skills: In your application, illustrate your communication skills by providing examples of how you've successfully collaborated with senior professionals or contributed to team objectives. This will help demonstrate your fit for the role's collaborative nature.
How to prepare for a job interview at Baker McKenzie
✨Know Your Numbers
As a Global Pricing Strategy Analyst, you'll be dealing with data and financial models. Brush up on your analytical skills and be prepared to discuss how you've used data to inform pricing strategies in the past.
✨Understand the Firm's Culture
Baker McKenzie values inclusion, diversity, and collaboration. Familiarise yourself with their culture and be ready to demonstrate how you can contribute to a positive team environment.
✨Prepare Scenario-Based Questions
Expect questions that require you to think critically about pricing scenarios. Practice creating financial models on the spot and explaining your thought process clearly.
✨Showcase Your Communication Skills
You'll need to liaise with various teams, so highlight your communication abilities. Be ready to provide examples of how you've successfully collaborated with senior professionals to achieve business objectives.
