At a Glance
- Tasks: Lead pricing analysis and develop innovative pricing strategies for global commodities.
- Company: Join Fastmarkets, a trusted leader in price reporting and market intelligence.
- Benefits: Gain valuable experience in a dynamic environment with potential for career growth.
- Other info: This is a 6-month fixed-term contract with a global reach.
- Why this job: Make a real impact by shaping pricing strategies that drive customer value.
- Qualifications: Strong analytical skills and experience in pricing or commercial analysis.
The predicted salary is between 60000 - 70000 € per year.
Employment Type: Fixed Term Contract (FTC)
Company Description
Fastmarkets is an industry-leading price-reporting agency (PRA) and information provider for global commodities, providing price data, news, analytics and events for the agriculture, forest products, metals and mining and new-generation energy markets. Fastmarkets' data is critical for customers seeking to understand and predict dynamic, sometimes opaque markets, enabling trading and risk management. Fastmarkets is a global business with a history dating back to 1865 and is built on trust and deep market knowledge. It has more than 700 employees spread across global locations in the UK, US, China, India, Singapore, Brazil, Belgium, Bulgaria, Finland and beyond.
Job Description
Fastmarkets is looking for a Pricing Lead Analyst (FTC) for an initial period of six months. In this pivotal role, you will refresh our commercial pricing approach and develop a fit for purpose pricing capability that drives our commercial discussions with our customers. Our commodity intelligence is crucial to creating value for our customers and our pricing is reflective of the value we deliver for them.
You will lead the analyses of our commercial pricing performance across our customer base to develop a robust evidence-based pricing approach and capability. You will work closely with our commercial and product teams to analyse, investigate, pilot and refine our pricing approach.
Your goal: To ensure our value-based pricing reflects the mission-critical nature of our market intelligence for our customers while driving sustainable ARR growth.
Key Responsibilities
- Pricing approach & mechanism: Design and implement global pricing frameworks across our core product portfolios
- Analyses & Evidence based approach: You will analyse a wide variety of historical data on our customers to form clear evidence-based assumptions that inform the pricing approach
- Price Discovery & Analysis: Lead quantitative research on 'Willingness to Pay' (WTP) and churn elasticity for each key customer segment.
- Define To-Be State: Understand and learn from our current pricing models and product architecture to define a fit for purpose state for all tiers of customers
- Pricing Best Practices: Establish 'floor', 'target' and 'discounting' pricing guardrails for the sales team to reduce unnecessary discounting and improve deal velocity.
- Adapt pricing for enterprise customers: Develop pricing capability that takes into account the specific needs of enterprise customers.
Commercial Pricing Lead (6 month FTC) in London employer: FastMarkets Ltd
Fastmarkets is an exceptional employer that fosters a collaborative and innovative work culture, where employees are empowered to drive meaningful change in the global commodities market. With a commitment to professional development, employees have access to growth opportunities and resources that enhance their skills and career trajectories. Located in a dynamic global environment, Fastmarkets offers a unique chance to contribute to critical pricing strategies while being part of a trusted organisation with a rich history and a focus on delivering value to its customers.
StudySmarter Expert Advice🤫
We think this is how you could land Commercial Pricing Lead (6 month FTC) in London
✨Tip Number 1
Network like a pro! Reach out to people in the industry, attend events, and connect on LinkedIn. We all know that sometimes it’s not just what you know, but who you know that can help you land that dream job.
✨Tip Number 2
Prepare for interviews by researching the company and its pricing strategies. We want to see you shine, so practice answering common questions and think about how your skills can directly impact their pricing approach.
✨Tip Number 3
Showcase your analytical skills! Bring examples of past work where you’ve used data to drive decisions. We love seeing candidates who can back up their claims with solid evidence, especially when it comes to pricing performance.
✨Tip Number 4
Don’t forget to apply through our website! It’s the best way to ensure your application gets seen. Plus, we’re always looking for passionate individuals who are ready to make an impact in the world of commercial pricing.
We think you need these skills to ace Commercial Pricing Lead (6 month FTC) in London
Some tips for your application 🫡
Tailor Your CV:Make sure your CV is tailored to the role of Commercial Pricing Lead. Highlight relevant experience and skills that align with the job description, especially around pricing strategies and data analysis.
Craft a Compelling Cover Letter:Your cover letter should tell us why you're the perfect fit for this role. Share specific examples of how you've successfully implemented pricing strategies in the past and how you can bring that expertise to Fastmarkets.
Showcase Your Analytical Skills:Since this role involves a lot of data analysis, make sure to showcase your analytical skills in your application. Mention any tools or methodologies you’ve used to analyse pricing performance or customer behaviour.
Apply Through Our Website:We encourage you to apply through our website for a smoother application process. It helps us keep track of your application and ensures you don’t miss out on any important updates!
How to prepare for a job interview at FastMarkets Ltd
✨Know Your Numbers
Make sure you brush up on key pricing metrics and data analysis techniques relevant to the role. Being able to discuss historical pricing performance and how it impacts customer value will show that you understand the commercial landscape.
✨Understand the Market
Familiarise yourself with Fastmarkets and its position in the commodities market. Knowing their core products and how they provide value to customers will help you articulate how you can enhance their pricing strategy.
✨Prepare Evidence-Based Examples
Think of specific instances where you've successfully implemented pricing strategies or conducted analyses that led to improved outcomes. Be ready to share these examples to demonstrate your analytical skills and evidence-based approach.
✨Ask Insightful Questions
Prepare thoughtful questions about their current pricing models and challenges they face. This shows your genuine interest in the role and helps you gauge how you can contribute to refining their pricing capability.
