What are the responsibilities and job description for the Pricing Analyst position at ADP Workforce Now?
As a Pricing Analyst, you will play a critical role in developing and optimizing pricing strategies to maximize revenue, profitability, and market competitiveness. You will leverage data analysis, market research, and cross-functional collaboration to drive informed pricing decisions.
How will you contribute:
To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. Reasonable accommodation may be made to enable qualified individuals with disabilities to perform essential job functions. Essential job functions and duties include, but are not limited to:
- Analyze historical sales data, competitive benchmarks, customer behavior, and market trends to inform pricing decisions.
- Develop and refine pricing models and frameworks to support strategic initiatives and product launches.
- Collaborate with Research and Development, Sales, Marketing, and Finance teams to understand business goals and align pricing strategies accordingly.
- Monitor pricing performance metrics (e.g., margins, win rates, price elasticity) and recommend adjustments to improve outcomes.
- Conduct pricing impact assessments, scenario modeling, and what-if analyses.
- Support pricing governance and ensure compliance with internal policies and industry standards.
- Present data-driven insights and recommendations to leadership and stakeholders.
- Maintain and improve pricing tools, dashboards, and reporting systems.
Minimum Requirements/Qualifications:
- Bachelor's degree in Finance, Economics, Business, Statistics, or a related field. MBA or advanced degree a plus.
- 3-5 years of experience in pricing, financial analysis, revenue management, or related analytical roles.
- Strong quantitative and analytical skills with proficiency in Excel and data visualization tools such as Power BI.
- Experience with pricing strategy and competitive analysis in a B2B or B2C environment.
- Excellent communication and presentation skills, with the ability to explain complex data to non-technical audiences.
- Proven ability to manage multiple projects and deadlines in a fast-paced environment.
- Proficient in financial software and ERP systems (e.g., Great Plains & Business Central).
Preferred Qualifications:
- Experience with pricing software and ERP systems.
- Knowledge of statistical modeling or programming languages is a plus.
- Familiarity with margin optimization, cost-plus pricing, value-based pricing, or promotional pricing.