At a Glance
- Tasks: Develop and implement pricing strategies to drive revenue growth and support business objectives.
- Company: Join a dynamic team focused on innovative pricing solutions in a competitive market.
- Benefits: Gain valuable experience, competitive pay, and potential for contract extension.
- Other info: Collaborative environment with opportunities for professional growth.
- Why this job: Make an impact by shaping pricing strategies that influence company success.
- Qualifications: Strong analytical skills and a passion for market research.
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 Nottingham employer: Fulfilled Talent
Fulfilled Talent is an exceptional employer that values proactive individuals and fosters a dynamic team environment in Norwich. With hybrid working options, employees enjoy a flexible work-life balance while being supported in their professional growth through ongoing training and development opportunities. The company prioritises excellent client service and collaboration, making it a rewarding place for those looking to make a meaningful impact.
StudySmarter Expert Advice🤫
We think this is how you could land Product Pricing Analyst in Nottingham
✨Connect with Product Management Communities
Dive into online communities like Product School or Mind the Product. Engage in discussions, share your insights, and ask questions. This can help you build relationships and visibility in the product management scene, plus you might hear about temp roles before they even get posted!
✨Attend Industry Meetups and Workshops
Check out local meetups or workshops specifically targeted at product management. These gatherings are prime spots to meet hiring managers and fellow practitioners. Plus, they often lead to connections that can help you land temporary roles.
✨Showcase Your Work with a Portfolio
Even if you're after a temporary gig, having a solid portfolio is key! Include case studies of past projects, highlighting your role and how you drove product success. Use platforms like Behance to display your work visually.
✨Apply Directly on Company Websites
When you spot a temp role like Product Pricing Analyst at Fulfilled Talent, go straight to their website to apply. Direct applications often have a better chance of standing out since they show commitment. It's worth the extra effort, trust us!
We think you need these skills to ace Product Pricing Analyst in Nottingham
Some tips for your application 🫡
Show Off Your Product Sense:In product management, we want to see your understanding of user needs and business value. When you're crafting your CV and cover letter, highlight specific products you've worked on, the methodologies you used, and how those experiences shaped your product sense. If you have insights into user journey mapping, competitive analysis, or product lifecycle, make sure to feature them!
Highlight Relevant Experience:For a temporary role, employers often look for candidates who can hit the ground running. Make sure your written application showcases not just your past roles, but also specific outcomes you've driven. Don't shy away from using metrics—how did your contributions impact the product or team? We love when you quantify your achievements!
Be Ready to Adapt:Temporary positions can often lead to quick changes in direction. In your cover letter, convey your adaptability and eagerness to learn. Mention any experiences where you’ve had to pivot or adjust your approach to meet project goals. Talk about how you thrive in dynamic environments—it'll really resonate with us at Fulfilled Talent!
Link to Your Portfolio:If you've worked on product roadmaps, user stories, or any visualisations, link to your portfolio in your application. Even a personal project that demonstrates your skills as a product manager can show your proactive approach. It's a great way for us to see your work in action and understand your style. And remember, apply through our website to make it easier for us to find you!
How to prepare for a job interview at Fulfilled Talent
✨Show Off Your Product Knowledge
Make sure we can discuss the product lifecycle with confidence! Be ready to showcase your understanding of key concepts in product management, such as roadmap planning and user research. We want to hear about any tools you're familiar with, like JIRA or Trello, as they’re popular in this space!
✨Agile Mindset is Key
As a temporary role, they'll want us to hit the ground running. Brush up on Agile methodologies and be prepared for scenario-based questions where you might need to demonstrate how you'd handle shifting priorities or tight deadlines. Show that you can think on your feet and adapt quickly!
✨Bring Your Portfolio of Projects
If you've got any product projects up your sleeve—be it case studies or live examples—bring them along! For a temporary position, they’re going to want to see tangible results from your previous work, so don't hold back on demonstrating how you've made an impact in past roles.
✨Communicate Clearly and Concisely
They’ll be looking to see how you articulate your ideas, so practice your pitch! Make sure we can summarise complex product requirements into clear, understandable language. Being able to express yourself well is vital in product management, especially in a temporary role where quick collaboration is essential!
