What are the responsibilities and job description for the Pricing Analyst position at Food Lion?
Category/Area of Expertise: Merchandising
Job Requisition: 500981
Address: USA-NC-Salisbury-2110 Executive Drive
Store Code: FL Pricing SGA (2761263)
At Food Lion, Associates are the most important assets to our organization. We want associates to have meaningful careers full of variety and challenges. Each associate contributes to the overall success of Food Lion, and in return, we strive to provide all associates with a fulfilling work experience and reward performance and commitment. We are committed to the professional development of our associates through on-the-job learning opportunities and training.
Position Summary
Execute the base and promotional pricing strategies as identified by banners so that the category is achieving the margin goals and the index targets established by the banner. Analyze performance to identify opportunities and present recommendations that mitigate risk to the banner and category
Principle Duties And Responsibilities
If you have a disability and require assistance in the application process, please contact our Recruiting Department at recruiting@foodlion.com
Job Requisition: 500981
Address: USA-NC-Salisbury-2110 Executive Drive
Store Code: FL Pricing SGA (2761263)
At Food Lion, Associates are the most important assets to our organization. We want associates to have meaningful careers full of variety and challenges. Each associate contributes to the overall success of Food Lion, and in return, we strive to provide all associates with a fulfilling work experience and reward performance and commitment. We are committed to the professional development of our associates through on-the-job learning opportunities and training.
Position Summary
Execute the base and promotional pricing strategies as identified by banners so that the category is achieving the margin goals and the index targets established by the banner. Analyze performance to identify opportunities and present recommendations that mitigate risk to the banner and category
Principle Duties And Responsibilities
- Assist in the training of new CMP Analysts and CMP Assistants.
- Monitor and influence promotional pricing strategies for a specific department or super category across all banners by price zone.
- Forecast margin rate by department or super category for each banner.
- Assist in the development of budgets by banner and department.
- Investigate indexing opportunities and communicate the findings to CMP leadership.
- Work with Category teams and Pricing counterparts to achieve margin goals and index targets. Present recommendations for review that close any gaps if counter to a Banner's strategy.
- Analyze trends to identify changes and communicate those findings to the Category teams and Pricing counterparts.
- Monitor cost changes and competitive changes via Revionics and Index Reporting, ensuring that foundational pricing principles are followed.
- Execute store-level New Neighbor pricing on critical items weekly.
- Become proficient in (and consistently leverage) specialized Pricing tools to include (but not limited to) IRI, MarketTrack, Revionics.
- Execute the closeout process.
- Work with Category teams to reduce tag expense and the associate retail labor through effective promotional plans.
- Conduct WPT/APT scrapes weekly in service of above listed objectives
- Ad hoc activities as directed by the direct Supervisor
- Proficient in Microsoft Office including Excel, PowerPoint, Word, and Outlook
- Solid knowledge of company and industry practices and procedures.
- Highly motivated
- Advanced knowledge of Microsoft Office applications with a strong emphasis on Excel (macros) and PowerPoint
- Knowledge of MicroStrategy (DSS), MS SharePoint, MS Access, Revionics, Market Track, Essbase/Smart View, and/or SEGA (legacy IBM mainframe system)
- Bachelor's degree in Business, Mathematics, Statistics or related field or equivalent experience
- 3 - 5 years of experience.
- Detail oriented with excellent organizational skills
- Ability to plan, develop, and execute multiple strategies and priorities.
- Strong Excel, DSS, and PC skills.
- Strong analytical and problem-solving skills.
- Strong verbal and written communication skills.
- Ability to adapt to change quickly.
If you have a disability and require assistance in the application process, please contact our Recruiting Department at recruiting@foodlion.com