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JOB SUMMARY:
We are seeking a detail-oriented and strategically minded Pricing Analyst to join our dynamic team. This individual will play a critical role in steering the pricing strategy for a large multi-unit organization with a nationwide footprint. The successful candidate will be responsible for analyzing competitive pricing, managing market surveys, identifying pricing opportunities based on changing customer segments, and ensuring our pricing structure aligns with both micro and macroeconomic trends. The goal is to optimize our pricing to remain competitive while ensuring profitability and customer satisfaction.
ESSENTIAL FUNCTIONS:
1. Draft Strategic Pricing Plans and Improve Existing Processes –
a. Perform Competitor Analysis Process –
i. Collaborate with Cadence vendors to gather competitor pricing data and oversee data scrubbing before going into Cadence data warehouse.
ii. Work with local field operators to gather competitor data in a structured way on a yearly basis
b. Maintain Price Models –
i. Evaluate and propose adjustments to the pricing structure to foster customer loyalty and attract new customers, considering service delivery costs and customer lifetime value.
ii. Update master price models and integrate statistical modeling methods to assess potential profitability impacts.
iii. Integrate final process and pricing changes into historical company documentation.
c. Oversee Price Implementation Process –
i. Collaborate with field operations and front office to establish scalable pricing structures and processes.
ii. Develop pricing templates within the POS system.
d. Collaboration and Reporting –
i. Collaborate with the marketing, sales, and operations teams to gather insights and align pricing strategies with overall business objectives.
ii. Prepare and present reports on pricing strategies, market analysis, and competitive landscape to senior management.
iii. Lead efforts with marketing on timing around price changes, communications, and customer notifications.
e. Research, Audits & Reporting –
i. Research industry and systems-level best practices for pricing in collaboration with Data Analytics and System teams.
ii. Monitor micro and macroeconomic trends impacting pricing strategies and market demand.
iii. Continuously audit pricing structure within systems for compliance and assess effectiveness of discounts and promotional strategies.
iv. Report on main competitor trends based on current and past competitor data.
v. Manage competitor data infrastructure.
2. Project Management –
a. Lead pricing-related initiatives including updating pricing models, maintaining competitor rate databases, and coordinating analytics department efforts.
b. Support Analytics team in project management of current pricing plans, overseeing team collaboration and resource allocation.
c. Coordinate deliverables across departments and collaborate with the Analytics Team.
d. Examine and reengineer Pricing processes to support the organization’s growth.
e. Ensure deliverables meet company guidelines, brand standards and deadlines.
3. Special Projects –
a. Provide support for projects, initiatives and directives as assigned.
b. Report, manage, and update various company-wide programs related to pricing initiatives.
c. Work closely with Operations and/or the Regional Director on an as needed basis.
JOB QUALIFICATIONS:
Knowledge, Skills, and Abilities:
Education or equivalency:
Experience:
Job Type: Full-time
Pay: $62,000.00 - $99,000.00 per year
Benefits:
Compensation package:
Schedule:
Work Location: Hybrid remote in Scottsdale, AZ 85258
Full Time
Preschool & Daycare
$65k-81k (estimate)
04/05/2024
04/22/2024
cadence-academy.com
PORTLAND, OR
25 - 50
1975
KIM KINSELLA
<$5M
Preschool & Daycare
Cadence Academy provides exceptional childcare and early education programs for children ages 6 weeks to 12 years old. Find a location near you today!
The job skills required for Pricing Analyst include Pricing, Insight, Initiative, Economics, Pricing Strategy, Collaboration, etc. Having related job skills and expertise will give you an advantage when applying to be a Pricing Analyst. That makes you unique and can impact how much salary you can get paid. Below are job openings related to skills required by Pricing Analyst. Select any job title you are interested in and start to search job requirements.
The following is the career advancement route for Pricing Analyst positions, which can be used as a reference in future career path planning. As a Pricing Analyst, it can be promoted into senior positions as a Competitive Pricing Manager that are expected to handle more key tasks, people in this role will get a higher salary paid than an ordinary Pricing Analyst. You can explore the career advancement for a Pricing Analyst below and select your interested title to get hiring information.
If you are interested in becoming a Pricing Analyst, you need to understand the job requirements and the detailed related responsibilities. Of course, a good educational background and an applicable major will also help in job hunting. Below are some tips on how to become a Pricing Analyst for your reference.
Step 1: Understand the job description and responsibilities of an Accountant.
Quotes from people on Pricing Analyst job description and responsibilities
Pricing analysts understand business trends and market values for the products and services their organizations offer.
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Pricing analysts help determine what prices to set and whether current rates need adjustment.
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Pricing analysts collaborate with organizations that employ some form of a recurring revenue model to test various hypotheses about the efficacy of existing and proposed business models, pricing and packaging structure, and general market behavior.
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Step 2: Knowing the best tips for becoming an Accountant can help you explore the needs of the position and prepare for the job-related knowledge well ahead of time.
Career tips from people on Pricing Analyst jobs
Details such as revenues, market share, strategies, growth rate, product & their pricing by region/country for all major companies.
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Students and new graduates can usually gain the necessary experience through a junior pricing analysis or finance position.
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Use pricing models to measure product profitability.
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Undertake ad-hoc pricing analysis as required by superiors.
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Therefore, to better understand changing price points, businesses should conduct new pricing-sensitivity study and market price tests right away.
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Step 3: View the best colleges and universities for Pricing Analyst.