At a Glance
- Tasks: Develop and implement pricing strategies to drive revenue growth and support business objectives.
- Company: Join a dynamic team in a leading company focused on innovative pricing solutions.
- Benefits: Competitive salary, flexible working hours, and opportunities for professional development.
- Other info: 12-month FTC with potential for extension and excellent career growth opportunities.
- Why this job: Make a real impact by shaping pricing strategies that influence market competitiveness.
- Qualifications: Strong analytical skills and experience in market research or pricing analysis.
The predicted salary is between 29700 - 36300 £ per year.
Job Overview
In this role, you will develop and implement pricing strategies for our product portfolio, ensuring competitiveness and profitability.
Your market research, insights, and analyses will help shape our pricing models, drive revenue growth, and support strategic decision- making.
You will collaborate with cross-functional teams to ensure our pricing aligns with client and business objectives and market demands.
You will also monitor demand and inventory trends to dynamically adjust pricing, and develop sales forecasts and plans that align pricing decisions with revenue and volume targets.
Key Responsibilities
- Conduct comprehensive market research to assess pricing trends, and customer demand to identify pricing opportunities.
- Analyse product performance, sales data, and feedback to make data-driven pricing decisions and recommendations.
- Execute Pricing changes across all channels
- Create and maintain pricing models and frameworks to evaluate new products and adjustments to existing pricing structures to achieve company forecasts
- Collaborate with cross-functional teams, including marketing, sales, and category management, to align pricing strategies with overall business goals.
- Prepare detailed pricing reports and presentations for stakeholders, providing actionable insights and recommendations.
- Monitor pricing performance and market conditions to make data-driven adjustments and enhancements.
- Assist in creating pricing policies, guidelines, and communication materials for internal and external stakeholders.
- Stay updated on industry trends, economic conditions, and regulatory changes that may impact pricing strategies.
- Monitor and evaluate pricing performance against KPIs, providing insights for continuous improvement.
- You will ensure pricing accuracy at all times, implementing checks and controls to prevent pricing errors that could impact revenue or client trust.
- Perform additional duties as assigned by management to support overall business operations and objectives.
- Price Optimisation: Measurement of the percentage increase in revenue resulting from pricing changes or strategies.
- Revenue Growth: Percentage increase in revenue attributed to pricing strategies over a specific period.
- Gross Margin: The average gross margin for products, indicating profitability for the client.
- Competitive Pricing Position: Analysis of product prices relative to competitors to ensure market competitiveness.
- Discount and Promotion Effectiveness: Assessment of sales performance during promotional periods, including the impact of discounts on overall revenue.
- Customer Retention Rate: Percentage of customers retained post-pricing changes, indicating customer loyalty and satisfaction.
- Pricing
Accuracy: Percentage of products or transactions priced correctly according to approved pricing rules, systems, and guidelines, reflecting the reliability of pricing execution and minimizing revenue leakage from errors.
Reporting Structure
- This role reports to: Head of Category Management
- Direct reports: 0
12 Month FTC with possibility to extend for the right candidate.
Product Pricing Analyst in High Wycombe employer: Fulfilled Talent
Fulfilled Talent is an exceptional employer that fosters a collaborative and innovative work culture, perfect for a Pricing Strategy Analyst looking to make a significant impact. With a focus on employee growth, we offer comprehensive training and development opportunities, ensuring you can thrive in your role while contributing to our dynamic team in the United Kingdom. Join us to be part of a forward-thinking company that values data-driven decision-making and rewards your contributions to revenue growth.
StudySmarter Expert Advice🤫
We think this is how you could land Product Pricing Analyst in High Wycombe
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We think you need these skills to ace Product Pricing Analyst in High Wycombe
Some tips for your application 🫡
Show Off Your Data Skills:In business intelligence, it's crucial to highlight your analytical skills and experience with data tools. Make sure your CV showcases any relevant software you’ve used, like SQL, Tableau, or Power BI. Add specific examples of how you've used data to drive insights or improvements in previous roles, even if they were in academic projects or internships.
Keep it Concise and Impactful:For a temporary role like this, hiring managers often have limited time to sift through applications. Get straight to the point in your CV and cover letter. Use bullet points for your achievements, showcasing the impact you've made, like percentage increases in efficiency or specific results from your analyses.
Flexibility is Key:Since this is a temporary position, make sure to emphasise your adaptability. Mention your quick learning abilities and experiences where you adapted to new tools or processes rapidly. This will show that you can jump in and start contributing effectively from day one at Fulfilled Talent.
Craft a Tailored Motivation Statement:In your cover letter, focus on why you’re excited about this temporary role at Fulfilled Talent. Talk about your interest in business intelligence and how this position aligns with your career goals. Remember, it’s not just about what you can offer, but why you’re passionate about becoming part of their team, even for a short time!
How to prepare for a job interview at Fulfilled Talent
✨Brush Up on Your Data Skills
For a business intelligence role, you'll want to showcase your analytical skills and familiarity with data visualisation tools like Tableau or Power BI. Be ready to tackle technical questions or case studies demonstrating your ability to interpret data and make insightful recommendations.
✨Plan Your Portfolio of Projects
Since this is a temporary position, we should highlight any past projects you've worked on in business intelligence. Prepare a portfolio that includes a couple of key pieces where you've effectively utilised data to drive decisions—this will show that you're not just a quick fix but someone who can deliver immediate value.
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Temporary roles often require us to hit the ground running, so be ready to discuss how you quickly adapt to new tools, teams, and environments. Share specific examples from previous experiences where you thrived under pressure or had to learn a new system or process in a short time frame.
✨Have Your Metrics Ready
In business intelligence, quantifying your impact is key. Come prepared to share metrics from your past work: think percentages, growth figures, or efficiency improvements. This will really help us paint a picture of how your contributions directly benefited those previous roles.
