Job Summary

The Product Analyst plays a critical role in optimizing pricing structures and maximizing profitability. In addition to analyzing market trends and pricing strategies, this role actively participates in the deal approval process. Responsibilities include evaluating proposed deals, contracts, and pricing agreements to ensure alignment with company objectives and profitability targets. By collaborating with cross-functional teams, the Pricing Analyst provides valuable insights to facilitate informed decision-making and balance competitive pricing with revenue goals. Strong analytical skills, attention to detail, and effective communication are key to success in this role.

Responsibilities

• Develop and maintain pricing models to optimize profitability.
• Participate in the deal approval process by evaluating proposed deals, contracts, and pricing agreements.
• Collaborate with sales, marketing, finance, and legal teams to assess deal terms and pricing models.
• Provide insights and recommendations to balance competitive pricing with revenue goals.
• Conduct pricing experiments and evaluate pricing elasticity.
• Forecast revenue impacts and monitor pricing performance.
• Communicate pricing insights and recommendations to stakeholders.
• Stay updated on industry trends and best practices in pricing analysis.
• Utilize data analysis tools and techniques to extract meaningful insights.
• Ensure compliance with pricing guidelines and policies.

Qualifications

• Bachelor's degree in Finance, Economics, Business Administration, or a related field; advanced degree (e.g., MBA) may be preferred.
• Previous experience in pricing analysis, financial analysis, or related roles, preferably in a corporate environment.
• Strong analytical skills with proficiency in data analysis tools such as Excel, SQL, or business intelligence software.
• Excellent attention to detail and ability to work with large datasets.
• Familiarity with pricing methodologies, pricing models, and financial concepts (e.g., pricing elasticity, revenue forecasting).
• Strong communication and interpersonal skills to effectively collaborate with cross-functional teams and present findings to stakeholders.
• Ability to think strategically and make data-driven decisions to optimize pricing strategies.
• Familiarity with market research techniques and competitive analysis.
• Ability to multitask and prioritize in a fast-paced environment.
• Knowledge of relevant industry regulations and compliance standards related to pricing.
• Certification in pricing (e.g., Professional Pricing Society Certification) may be advantageous.