What are the responsibilities and job description for the Internship Pricing Analyst (90-120 days) position at Country Supplier?
Description
Primary Purpose
The Pricing Analyst will play a key role in developing and implementing pricing strategies to maximize
profitability and market share. This role requires analyzing market trends, competitor pricing, and
customer demand to make data-driven pricing recommendations. The ideal candidate is analytical,
detail-oriented, and has a strong background in finance, economics, or business analytics. The Pricing
Analyst will collaborate closely with sales, marketing, and product teams to ensure competitive and
profitable pricing across all products and services.
Essential Duties And Responsibilities
Pricing Strategy Development:
Primary Purpose
The Pricing Analyst will play a key role in developing and implementing pricing strategies to maximize
profitability and market share. This role requires analyzing market trends, competitor pricing, and
customer demand to make data-driven pricing recommendations. The ideal candidate is analytical,
detail-oriented, and has a strong background in finance, economics, or business analytics. The Pricing
Analyst will collaborate closely with sales, marketing, and product teams to ensure competitive and
profitable pricing across all products and services.
Essential Duties And Responsibilities
Pricing Strategy Development:
- Analyze market trends, competitor pricing, and customer behaviors to develop optimal pricing strategies.
- Conduct pricing experiments and model different scenarios to understand the impact on sales and profit margins.
- Develop and recommend pricing adjustments, discounts, and promotions to maximize revenue and market competitiveness.
- Compile and analyze data on product costs, profitability, and sales volumes to support pricing decisions.
- Track key performance indicators (KPIs) related to pricing and prepare regular reports for management on the performance of pricing strategies.
- Monitor the effectiveness of current pricing strategies and provide insights for continuous improvement.
- Conduct ongoing research on competitors, including pricing structures, promotional strategies, and market positioning.
- Identify and evaluate new market opportunities and trends that may impact pricing strategy.
- Work with the product and sales teams to assess the impact of competitive pricing on market share and profitability.
- Partner with sales, marketing, finance, and product development teams to align pricing strategies with business objectives.
- Provide guidance to sales and customer support teams on pricing models and promotional strategies.
- Support the development of pricing tools, calculators, and resources that aid in the sales process.
- Develop pricing models and forecasts to support budgeting and planning processes.
- Use historical sales data, customer demand insights, and seasonal trends to predict future pricing needs.
- Assess the financial impact of pricing adjustments and scenarios to support strategic planning.
- Comprehensive knowledge of the products Country Supplier sells.
- Perform daily cleaning – such as, but not limited to, vacuuming, replacing full trashes with new trash bags, and sweeping.
- Other duties assigned as needed.
- Bachelor’s degree in Finance, Economics, Business, or a related field preferred.
- 2-3 years of experience in pricing analysis, finance, or a related analytical role preferred.
- Strong proficiency in data analysis and financial modeling, with advanced Excel skills; experience with data visualization tools (e.g., Tableau, Power BI) is a plus.
- Excellent analytical and quantitative skills, with a detail-oriented and methodical approach to problem-solving.
- Knowledge of pricing strategies, financial analysis, and competitive market research.
- Ability to communicate complex data insights clearly and concisely to stakeholders.
- Self-motivated and able to work independently, as well as collaboratively in a team setting.